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Joliet 60435 Cathedral Area
1101 Buell Avenue
$345,000
● House - Off Market

1101 Buell Avenue

Joliet, IL 60435
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
$348,598
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Come and take a look at this one-of-a-kind custom built ranch home! This ranch features 4 bedrooms, 3.5 bathrooms, and an attached 2 car garage. Beautiful finishes inside and out with stone siding and interior fireplace, hardwood floors throughout! The home has an open floorplan, with a large kitchen that has commercial grade appliances! Plenty of space throughout the home, and if that isn't enough then you have the ability to finish the basement with your own custom design! Enjoy BBQs in your backyard and patio area. This is a real gem, book your showing today!
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
House
Property Taxes
$773
HOA Dues
-
Year Built
1956

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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: 3 years ago (MRED MLS #11879334)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Sep 8, 2023 Listed by O'Neil Property Group, LLC $349,900
Listed by O'Neil Property Group, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 2,294
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,644
  • Total Building Area: 6,266
  • Building Area: 3,444
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 3,444
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: T P FORD'S SUB
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE S 165 FT OF THE N 360 FT OF LOT 5 (EX W 15.86 FT THOF) AND (EX THE EAST 101.28 FT THOF) IN T P FORD'S SUB IN W1/2 SE1/4 S

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882701

Geography

  • Parcel: 30-07-08-401-019
  • Lot: 5
  • Meridian: SEC 08 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5296
  • Longitude: -88.1084

    Address

  • Full Address: 1101 Buell Ave
  • Address - House Number: 1101
  • Address - Street Name: Buell
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C044
  • 4-Digit Zip Code: 6851
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $927,564
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.0873
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 92
  • Final Value: 348,632
  • High Value: 379,089
  • Low Value: 318,176

    Market Valuation

  • Market Total Value: $334,317
  • Market Land Value: $69,291
  • Market Improvement Value: $265,026

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $111,439
  • Assessed Land Value: $23,097
  • Assessed Improvements Value: $88,342

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 10, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 54993
  • Previous Sale Recording Date: Aug 02, 2023
  • Previous Sale Contract Date: Jul 01, 2023
  • Previous Sale Amount: $232,500
  • 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 Cathedral Area

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$185

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1695 ft²

Average Home Age

110.9 years

Currently For Sale

19 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 417 Buell Avenue, Joliet, IL, 60435

$3,300 /mo

  • 5 Beds
  • 2 Baths
  • 2,700 ft²
417 Buell Avenue, Joliet, IL, 60435 Listing by Michelle Carr

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ivan Santos, O'Neil Property Group, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11879334
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 1101 Buell Avenue built and last sold?
The property at 1101 Buell Avenue was built in 1956 and last sold on Oct 10, 2023 for $345,000.
How much is this home worth?
The estimated value of the home located at 1101 Buell Avenue is $0.
What are some comparable homes to 1101 Buell Avenue?
There are currently no comparable homes to 1101 Buell Avenue.
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