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Joliet 60432
1116 Holmes Avenue
$82,000
● House - Off Market

1116 Holmes Avenue

Joliet, IL 60432
bedrooms
2 Beds
bathrooms
1 Bath
square feet
640 Ft²
$87,674
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Nice home on a quiet street provides good potential as an affordable residence or an investment property.  Main level has 2 bedrooms with possible 3rd bedroom, living room and bathroom. Lower level has kitchen with eating area and laundry.  Furnace, a/c, appliances, hwh installed late 2015.  Sold "as is".  Come and take a look.
Unit Size
640 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$136
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1965

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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 #11760598)

Price History

Date / Event Date Event Price
May 4, 2023 Sold
Premium
Sold
Apr 16, 2023 Listed by RE/MAX IMPACT $87,000
Listed by RE/MAX IMPACT

Property Highlights

Parking Available
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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,763
  • Total Building Area: 576
  • Building Area: 576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOLIET HEIGHTS
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 28 (EX THE ELY 96.05 FT) AND LOT 27 IN JOLIET HEIGHTS, IN THE SW1/4 OF SEC 2, T35N-R10E TOGETHER WITH THAT PRT OF W 1/2 O

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881201

Geography

  • Parcel: 30-07-02-311-042
  • Lot: 27
  • Meridian: SEC 02 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5455
  • Longitude: -88.0541

    Address

  • Full Address: 1116 Holmes Ave
  • Address - House Number: 1116
  • Address - Street Name: Holmes
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C051
  • 4-Digit Zip Code: 1316
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $90,606
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 76,615
  • High Value: 89,847
  • Low Value: 63,383

    Market Valuation

  • Market Total Value: $47,433
  • Market Land Value: $8,571
  • Market Improvement Value: $38,862

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,811
  • Assessed Land Value: $2,857
  • Assessed Improvements Value: $12,954

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 02, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21392
  • Previous Sale Recording Date: Sep 30, 2016
  • Previous Sale Contract Date: Sep 09, 2016
  • Previous Sale Amount: $3,500
  • Previous Sale Document Type: 68
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

1860 ft²

Average Home Age

43.3 years

Currently For Sale

281 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 536 Parkview Lane, Lockport, IL, 60441

$1,950 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
536 Parkview Lane #5, Lockport, IL, 60441 Listing by Varun Malhotra

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jeffrey McGinn, RE/MAX IMPACT
Last Updated: 3 years ago
Data Source: MRED, MLS# 11760598
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 1116 Holmes Avenue built and last sold?
The property at 1116 Holmes Avenue was built in 1965 and last sold on May 2, 2023 for $82,000.
How much is this home worth?
The estimated value of the home located at 1116 Holmes Avenue is $0.
What are some comparable homes to 1116 Holmes Avenue?
There are currently no comparable homes to 1116 Holmes Avenue.
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