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Joliet 60435
1106 Summit Street
$200,000
● House - Off Market

1106 Summit Street

Joliet, IL 60435
bedrooms
2 Beds
bathrooms
1 Bath
square feet
870 Ft²
$194,284
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Charming details kept but modern conveniences added in this very special, updated brick bungalow! Brand new kitchen cabinets, counter tops, stainless steel appliances, sink, faucet,light fixtures & 12 x 24 luxury vinyl plank flooring. Updated bathroom with new vinyl plank flooring, vanity,sink,light fixture, faucets,shower fixtures.So much natural light in this home!New roof, new interior doors,door handles, fans,light fixtures, paint. Nice,bright basement with 2 storage rooms.Partially fenced yard. Nice 2 car garage. Easy access to I-80/55,schools,shopping,restaurants & medical centers.
Unit Size
870 Ft²
Days on Market
-
Land Size
-
Price per sqft
$218
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1920

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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 #11396820)

Price History

Date / Event Date Event Price
Jul 12, 2022 Sold
Premium
Sold
May 6, 2022 Listed by CRIS REALTY $189,900
Listed by CRIS REALTY

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 528
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,490
  • Total Building Area: 870
  • Building Area: 870
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 870
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIAM H HUTCHINS
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE N 53.90 FT OF THE S 159.70 FT OF THE W 136.25 FT OF SUB- LOT 6 OF LOT 8 OF WM H HUTCHIN'S SUB, BEING A SUB OF PRT OF THE

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881401

Geography

  • Parcel: 30-07-04-403-009
  • Lot: 6
  • Meridian: SEC 04 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.544
  • Longitude: -88.088

    Address

  • Full Address: 1106 Summit St
  • Address - House Number: 1106
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C002
  • 4-Digit Zip Code: 4346
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $351,682
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1705
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 177,063
  • High Value: 207,259
  • Low Value: 146,867

    Market Valuation

  • Market Total Value: $114,243
  • Market Land Value: $32,502
  • Market Improvement Value: $81,741

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,081
  • Assessed Land Value: $10,834
  • Assessed Improvements Value: $27,247

    Sales

  • Current Sale Contract Date: Jun 08, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 55548
  • Previous Sale Recording Date: Sep 30, 2013
  • Previous Sale Contract Date: Sep 30, 2013
  • Previous Sale Document Type: 64
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:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1880 ft²

Average Home Age

41.6 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

Unit for rent at 719 Taylor Street, Joliet, IL, 60435

$2,125 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
719 Taylor Street #UPPER, Joliet, IL, 60435 Listing by Joseph Diaz
Unit for rent at 400 Summit Street, Joliet, IL, 60435

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,290 ft²
400 Summit Street, Joliet, IL, 60435 Listing by Stacie McGlone

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: April Blair, CRIS REALTY
Last Updated: 3 years ago
Data Source: MRED, MLS# 11396820
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 1106 Summit Street built and last sold?
The property at 1106 Summit Street was built in 1920 and last sold on Jun 8, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 1106 Summit Street is $190,359.
What are some comparable homes to 1106 Summit Street?
There are currently no comparable homes to 1106 Summit Street.
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