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1215 Colorado Avenue

1215 Colorado Avenue, Joliet, IL 60435
Sold Jun 10, 2005
$138,500
$138,000 by Marquette Bank
Mortgage Due Jun 01, 2035
Sold Jan 26, 2004
Transfer
$127,000 by Amerigroup Mortgage Corp
Mortgage Due Feb 01, 2034
1215 Colorado Avenue in Joliet, IL was first built in 1959 and is 65 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 2 are bedrooms. 1215 Colorado Avenue has 1,396 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 750. In total, the area measurement of the land is 6,000 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. The garage is 396 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1215 Colorado Avenue sold most recently in May 10, 2005 for a total of $138,500. If you work out the math, that's approximately a cost of $43.44 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,285 in taxes each year. 1215 Colorado Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $63,224. If we break it down further, the land itself was valued at $7,559. Improvements to the property, however, were assessed at a total of $55,665. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 6
  • Bedroom Count: 2
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,396
  • Garage Type: Attached
  • Garage Square Area: 396
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,188
  • Building Area: 1,396
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,396
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: KERWIN TERRACE
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 102 IN KERWIN TERRACE, BEING A SUB OF PRT OF THE NW1/4 OF SEC. 5, T35N-R10E.

Ownership

  • Current Owner : POWERS CRAIG M
  • Previous Owner : PATTERSON JOSEPH L
  • Previous Owner 2: PATTERSON ELIZABETH J
  • Owner Before Previous Owner: PATTERSON JOSEPH L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881500

Geography

  • Parcel: 30-07-05-114-002
  • Lot: 102
  • Meridian: SEC 05 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5455
  • Longitude: -88.1135

    Address

  • Full Address: 1215 Colorado Ave
  • Address - House Number: 1215
  • Address - Street Name: Colorado
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C069
  • 4-Digit Zip Code: 3702
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,285
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 219,518
  • High Value: 257,888
  • Low Value: 181,148

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $138,000
  • First Open Lien Mortgage Lender: MARQUETTE BANK
  • First Open Lien Mortgage Recording Date: Jun 10, 2005
  • First Open Lien Mortgage Loan Amount: $138,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2035

    Market Valuation

  • Market Total Value: $189,672
  • Market Land Value: $22,677
  • Market Improvement Value: $166,995

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,224
  • Assessed Land Value: $7,559
  • Assessed Improvements Value: $55,665

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 10, 2005
  • Current Sale Recording Date: Jun 10, 2005
  • Current Sale Transaction ID: 1099991765
  • Current Sale Price: $138,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2005096514
  • Previous Sale Recording Date: Jan 26, 2004
  • Previous Sale Contract Date: Jan 06, 2004
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: MARQUETTE BANK
  • First Mortgage Transaction Date: Jun 10, 2005
  • First Mortgage Loan Amount: $138,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Jun 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: AMERIGROUP MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jan 26, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $127,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Feb 01, 2034

About Kerwin Terrance Apartment



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 408 S May Street, Joliet, IL, 60436

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,050 ft²
408 S May Street, Joliet, IL, 60436 Listing by Ann Schuler

Frequently Asked Questions

What neighborhood is 1215 Colorado Avenue located in?
The 1215 Colorado Avenue is a located in the neighborhood of Kerwin Terrance Apartment in Kerwin Terrance Apartment, Joliet.
What is the average sales price for listings in 1215 Colorado Avenue?
The average sales price for units in 1215 Colorado Avenue is $0 currently.

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