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Joliet 60431 Cambridge
1044 Loren Drive
$270,000
● House - Off Market

1044 Loren Drive

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,472 Ft²
$1,843
Est. Monthly
9.20%
Cap Rate

About This Property

PRICED TO SELL! 3 BEDROOM, 2 BATH 2 STORY WITH FANTASTIC 2 STORY GREAT ROOM JUST MINUTES TO I-80/I-55 AND JOLIET JUNIOR COLLEGE! FANTASTIC FLOORPLAN GREAT FOR GUESTS OR RELATED LIVING WITH A BEDROOM AND SHARED FULL BATH ON THE FIRST FLOOR! PATIO, BIG BACK YARD, SHED, EXTRA WIDE DRIVE TOO! HURRY!
Unit Size
1,472 Ft²
Days on Market
-
Land Size
-
Price per sqft
$187
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1991

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #12172399)

Price History

Date / Event Date Event Price
Nov 11, 2024 Sold
Premium
Sold
Oct 7, 2024 In contract -
In contract
Sep 25, 2024 Listed by Century 21 Circle $275,000
Listed by Century 21 Circle

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 952
  • Garage Type: 1
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,560
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMBRIDGE UNIT 4
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 192 IN CAMBRIDGE UNIT 4, BEING A SUB OF PRT OF THE NE1/4 OF SEC 23, T35N-R9E.

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883211

Geography

  • Parcel: 05-06-23-254-018
  • Lot: 192
  • Meridian: SEC 23 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5022
  • Longitude: -88.1669

    Address

  • Full Address: 1044 Loren Dr
  • Legal Unit: 4
  • Address - House Number: 1044
  • Address - Street Name: Loren
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R008
  • 4-Digit Zip Code: 9094
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $590,270
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1674
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 78
  • Final Value: 260,556
  • High Value: 304,193
  • Low Value: 216,918

    Market Valuation

  • Market Total Value: $208,791
  • Market Land Value: $33,912
  • Market Improvement Value: $174,879

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $69,597
  • Assessed Land Value: $11,304
  • Assessed Improvements Value: $58,293

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2018
  • Current Sale Recording Date: Mar 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018017726
  • Previous Sale Recording Date: Jun 01, 2004
  • Previous Sale Contract Date: May 28, 2004
  • Previous Sale Amount: $157,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cambridge

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

43

Average Home Size

1476 ft²

Average Home Age

40.7 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Chris Caputo, Century 21 Circle
Last Updated: 2 years ago
Data Source: MRED, MLS# 12172399
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1044 Loren Drive built and last sold?
The property at 1044 Loren Drive was built in 1991 and last sold on Feb 22, 2018 for $170,000.
How much is this home worth?
The estimated value of the home located at 1044 Loren Drive is $0.
What are some comparable homes to 1044 Loren Drive?
There are currently no comparable homes to 1044 Loren Drive.
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