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Preston Heights 60433
110 Louis Road
$225,000
● House - Off Market

110 Louis Road

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,044 Ft²
$1,475
Est. Monthly
11.36%
Cap Rate

About This Property

Stunning modern home-completely move-in ready! This picture-perfect property boasts a beautiful open layout with stainless steel appliances, granite countertops, spacious bedrooms, an oversized driveway, and a finished garage. Every detail has been updated-everything is updated!
Unit Size
1,044 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$216
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1954

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • 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: 8
  • Basement Area: 1,044
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,489
  • Lot Size Frontage Feet: 660
  • Total Building Area: 2,088
  • Building Area: 1,044
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,044
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTON HEIGHTS
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 12 BLOCK 6 IN PRESTON HEIGHTS, A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC 27, T35N-R10E.

Neighborhood

  • School District Name: Laraway Community Consolidated School District 70C
  • Census Tract: 883100

Geography

  • Parcel: 30-07-27-107-012
  • Block: 6
  • Lot: 12
  • Meridian: SEC 27 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.4935
  • Longitude: -88.0772

    Address

  • Full Address: 110 Louis Rd
  • Address - House Number: 110
  • Address - Street Name: Louis
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C092
  • 4-Digit Zip Code: 3114
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $384,016
  • Tax Rate Code Area: 3043

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 212,100
  • High Value: 248,930
  • Low Value: 175,270

    Market Valuation

  • Market Total Value: $153,738
  • Market Land Value: $17,892
  • Market Improvement Value: $135,846

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,246
  • Assessed Land Value: $5,964
  • Assessed Improvements Value: $45,282

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 08, 2019
  • Current Sale Recording Date: Feb 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2019008585
  • Previous Sale Recording Date: Jun 08, 2018
  • Previous Sale Contract Date: May 24, 2018
  • Previous Sale Amount: $70,000
  • 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 Preston Heights

Stats & Trends

Median Asking:

$220,000

Sale Price/ft²

$187

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2097 ft²

Average Home Age

56.8 years

Currently For Sale

6 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 706 Mcdonough Street, Joliet, IL, 60436

$1,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,200 ft²
706 Mcdonough Street #1, Joliet, IL, 60436 Listing by Kenneth Carn

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: David Ramirez, Net Realty Corp
Data Source: MRED, MLS# MRD12372327
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 110 Louis Road built and last sold?
The property at 110 Louis Road was built in 1954 and last sold on Feb 8, 2019 for $146,000.
How much is this home worth?
The estimated value of the home located at 110 Louis Road is $225,704.
What are some comparable homes to 110 Louis Road?
There are currently no comparable homes to 110 Louis Road.
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