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Will 60433
1105 Bartel Road
$226,000
● House - Off Market

1105 Bartel Road

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,144 Ft²
$1,388
Est. Monthly
11.68%
Cap Rate

About This Property

This charming 3-bedroom, 1-bathroom ranch-style home boasts a full basement, providing ample space for storage, a home gym, or a recreational area. Situated on a generously sized lot, the property features a fenced-in backyard, perfect for outdoor activities, gardening, or simply enjoying some privacy. Additionally, the home includes an oversized 2-car detached garage, offering secure parking and extra storage options. The extra-long driveway ensures plenty of space for parking multiple vehicles. Conveniently located near Interstate 80, this home offers easy access to major routes, making commuting and travel straightforward.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
-
Price per sqft
$184
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1965

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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 #12157546)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Sep 13, 2024 In contract -
In contract
Sep 6, 2024 Listed by Town Center Realty LLC $210,000
Listed by Town Center Realty LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,621
  • Total Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING GREEN
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 16 UNIT 5 IN SPRING GREEN SUB, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 24 T35N-R10E.

Neighborhood

  • School District Name: Union School District 81
  • Census Tract: 883000

Geography

  • Parcel: 30-07-24-202-005
  • Lot: 16
  • Meridian: SEC 24 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5055
  • Longitude: -88.0302

    Address

  • Full Address: 1105 Bartel Rd
  • Legal Unit: 5
  • Address - House Number: 1105
  • Address - Street Name: Bartel
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: R010
  • 4-Digit Zip Code: 9559
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $427,456
  • Tax Rate Code Area: 3056

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 192,203
  • High Value: 226,284
  • Low Value: 158,122

    Market Valuation

  • Market Total Value: $154,056
  • Market Land Value: $28,476
  • Market Improvement Value: $125,580

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,352
  • Assessed Land Value: $9,492
  • Assessed Improvements Value: $41,860

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 12, 2018
  • Current Sale Recording Date: Jan 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018004363

    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 Will

Stats & Trends

Median Asking:

$389,990

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2347 ft²

Average Home Age

33.8 years

Currently For Sale

1501 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

Currently no nearby rentals
MRED

Listed by: Jennifer Viano, Town Center Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 12157546
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 1105 Bartel Road built and last sold?
The property at 1105 Bartel Road was built in 1965 and last sold on Jan 12, 2018 for $130,000.
How much is this home worth?
The estimated value of the home located at 1105 Bartel Road is $213,514.
What are some comparable homes to 1105 Bartel Road?
There are currently no comparable homes to 1105 Bartel Road.
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