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Joliet 60435
1107 Cypress Lane
$229,900
● House - Off Market

1107 Cypress Lane

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,073 Ft²
$236,908
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Check out this charming 3 bedroom 1 bath ranch home!! Kitchen offers spacious updated cabinets, lots of counter space, with newer appliances. Beautiful wood laminate flooring throughout the kitchen dining room and hallways! Home updated throughout!  All appliances stay. New furnace and A/C unit & more!!  Remodeled in 2019!!  Large fenced yard with storage shed! All you have to do is move in!!!
Unit Size
1,073 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$214
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1959

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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 #11689247)

Price History

Date / Event Date Event Price
Mar 14, 2023 Sold
Premium
Sold
Dec 17, 2022 Listed by Coldwell Banker Real Estate Group $229,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 1,073
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,638
  • Lot Size Frontage Feet: 570
  • Total Building Area: 2,146
  • Building Area: 1,073
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,073
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEARSONS BRIDALWREATH ACRES UNIT #6
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 266 IN PEARSON BRIDALWREATH ACRES UNIT 6, BEING A SUB OF PRT OF THE W1/2 OF THE SW1/4 OF SEC. 6, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881603

Geography

  • Parcel: 30-07-06-300-010
  • Lot: 266
  • Meridian: SEC 06 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5429
  • Longitude: -88.1402

    Address

  • Full Address: 1107 Cypress Ln
  • Legal Unit: 6
  • Address - House Number: 1107
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Joliet
  • Carrier Code: C067
  • 4-Digit Zip Code: 3219
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $428,536
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1705
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 78
  • Final Value: 219,188
  • High Value: 256,568
  • Low Value: 181,808

    Market Valuation

  • Market Total Value: $157,209
  • Market Land Value: $41,580
  • Market Improvement Value: $115,629

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,403
  • Assessed Land Value: $13,860
  • Assessed Improvements Value: $38,543

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 10, 2023
  • Current Sale Recording Date: Mar 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13313
  • Previous Sale Recording Date: Jan 16, 2019
  • Previous Sale Contract Date: Jan 04, 2019
  • Previous Sale Amount: $160,000
  • 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 Joliet

Stats & Trends

Median Asking:

$342,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1847 ft²

Average Home Age

42.6 years

Currently For Sale

266 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 1712 Arden Place, Joliet, IL, 60435

$2,795 /mo

  • 4 Beds
  • 2 Baths
  • 2,240 ft²
1712 Arden Place, Joliet, IL, 60435 Listing by Joseph Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Bempah, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11689247
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 1107 Cypress Lane built and last sold?
The property at 1107 Cypress Lane was built in 1959 and last sold on Mar 10, 2023 for $229,900.
How much is this home worth?
The estimated value of the home located at 1107 Cypress Lane is $231,077.
What are some comparable homes to 1107 Cypress Lane?
There are currently no comparable homes to 1107 Cypress Lane.
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