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Joliet 60436 Reedwood
107 Park Drive
$200,000
● House - Off Market

107 Park Drive

Joliet, IL 60436
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,000 Ft²
$197,759
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

BACK ON THE MARKET! Buyer had issues with financing. Welcome home to this quiet home on Park Dr. Partially fenced, PERMASEAL in entire partially finished basement with built in bar and full bathroom, all new duct work & plumbing 2022, newer water heater, full roof tear off 2020, new ac 2020, backup sump pump battery, garbage disposal 2022, new stove 2022, built in dresser storage in bedrooms, 2 large master bedroom closets... too much to name!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$199
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MRED MLS #11852506)

Price History

Date / Event Date Event Price
Sep 20, 2023 Sold
Premium
Sold
Aug 6, 2023 Listed by @properties Christie's International Real Estate $199,000
Listed by @properties Christie's International Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,144
  • Lot Size Frontage Feet: 610
  • Total Building Area: 1,000
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANKIN TERRACE
  • Land Acres: 0000000190
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: THE N 21 FT OF SD LOT 224 ALL OF LOT 223 IN BRANKIN TERRACE, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 17, T35N-R10

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882601

Geography

  • Parcel: 30-07-17-210-062
  • Lot: 224
  • Meridian: SEC 17 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5208
  • Longitude: -88.1082

    Address

  • Full Address: 107 Park Dr
  • Address - House Number: 107
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C085
  • 4-Digit Zip Code: 1411
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $402,540
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 82
  • Final Value: 177,682
  • High Value: 203,156
  • Low Value: 152,208

    Market Valuation

  • Market Total Value: $130,764
  • Market Land Value: $38,010
  • Market Improvement Value: $92,754

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,588
  • Assessed Land Value: $12,670
  • Assessed Improvements Value: $30,918

    Sales

  • Current Sale Contract Date: Sep 01, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 50713
  • Previous Sale Recording Date: Sep 28, 2011
  • Previous Sale Contract Date: Sep 09, 2011
  • Previous Sale Amount: $34,000
  • 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 Reedwood

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1601 ft²

Average Home Age

83.6 years

Currently For Sale

7 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

Unit for rent at 1712 Arden Place, Joliet, IL, 60435

$2,795 /mo

  • 4 Beds
  • 2 Baths
  • 2,240 ft²
1712 Arden Place, Joliet, IL, 60435 Listing by Joseph Diaz
Unit for rent at 915 N Vine Street, Joliet, IL, 60435

$2,700 /mo

  • 5 Beds
  • 2 Baths
  • 1,905 ft²
915 N Vine Street, Joliet, IL, 60435 Listing by Lynn Herrington

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Elizabeth Piccioli, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11852506
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 107 Park Drive built and last sold?
The property at 107 Park Drive was built in 1948 and last sold on Sep 1, 2023 for $200,000.
How much is this home worth?
The estimated value of the home located at 107 Park Drive is $0.
What are some comparable homes to 107 Park Drive?
There are currently no comparable homes to 107 Park Drive.
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