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Joliet 60435
1071 Chovan Drive
$230,995
● House - Off Market

1071 Chovan Drive

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,747 Ft²
$310,907
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Everything is ready to go and just what you are looking for! Beautiful 3 bedroom 2.5 bath home with gorgeous open two story entry, wood flooring running through the main entry, dining, and family room. Updated kitchen with wood-look tile flooring, white cabinets and stainless steel look backsplash. Breakfast area surrounded with windows letting in plenty of light and backyard views! Huge master suite with vaulted ceilings, attached bathroom and walk in closet.  Dining room or office with vaulted ceiling, and oversized family room with fire place. Large patio, huge backyard and shed for extra storage!  Freshly painted with perfect neutral colors, and  carpets cleaned! Nothing to do but hurray to see this hot home!
Unit Size
1,747 Ft²
Days on Market
-
Land Size
-
Price per sqft
$132
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1998

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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 #10729683)

Price History

Date / Event Date Event Price
Sep 1, 2020 Sold
Premium
Sold
May 28, 2020 Listed by Re/Max Ultimate Professionals $229,995
Listed by Re/Max Ultimate Professionals

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 908
  • Garage Type: 10
  • Garage Square Area: 281
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,100
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,747
  • Building Area: 1,747
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,747
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHOVAN ESTATES
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 24 IN CHOVAN ESTATES UNIT #3, SUB OF PRT OF THE W1/2 SE1/4 OF SEC 1, T35N-R9E.

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883208

Geography

  • Parcel: 05-06-01-413-017
  • Lot: 24
  • Meridian: SEC 01 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5416
  • Longitude: -88.1481

    Address

  • Full Address: 1071 Chovan Dr
  • Legal Unit: 3
  • Address - House Number: 1071
  • Address - Street Name: Chovan
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C099
  • 4-Digit Zip Code: 9324
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $710,390
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 297,445
  • High Value: 346,322
  • Low Value: 248,568

    Market Valuation

  • Market Total Value: $247,617
  • Market Land Value: $41,391
  • Market Improvement Value: $206,226

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,539
  • Assessed Land Value: $13,797
  • Assessed Improvements Value: $68,742

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 26, 2020
  • Current Sale Recording Date: Oct 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020092751
  • Previous Sale Recording Date: Sep 02, 2005
  • Previous Sale Contract Date: Jul 29, 2005
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Joliet

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

45

Average Home Size

1878 ft²

Average Home Age

41.4 years

Currently For Sale

272 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: Sarah Toso, Re/Max Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 10729683
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 1071 Chovan Drive built and last sold?
The property at 1071 Chovan Drive was built in 1998 and last sold on Aug 26, 2020 for $230,995.
How much is this home worth?
The estimated value of the home located at 1071 Chovan Drive is $0.
What are some comparable homes to 1071 Chovan Drive?
There are currently no comparable homes to 1071 Chovan Drive.
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