For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Joliet 60436 Reedwood
127 Park Drive
$250,000
● House - Off Market

127 Park Drive

Joliet, IL 60436
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,251 Ft²
$1,632
Est. Monthly
10.06%
Cap Rate

About This Property

3 Bedroom Ranch on a beautiful lot. Hardwood floors welcome you in the living room with access to kitchen and dining room. Kitchen update includes a cabinet makeover, stainless steel appliances and access to large deck, pool, and private fenced yard. Oversized master bedroom with walk-in closets, trendy barn door, and access to private patio. Full basement is ready for you to finish and offers excellent storage. Bathroom recently updated. Pool liner and sump pump new in 2021. 2 car garage. Conveniently located near schools, parks, shopping, dining, Interstates, and Metra train station. SHORT SALE
Unit Size
1,251 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$200
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1955

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 1
  • Garage Square Area: 256
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,146
  • Total Building Area: 1,507
  • Building Area: 1,251
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,251
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANKIN TERRACE
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 231 232 IN BRANKIN TERRACE, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 17, T35N-R10E

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882601

Geography

  • Parcel: 30-07-17-210-040
  • Lot: 231
  • Meridian: SEC 17 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5199
  • Longitude: -88.1081

    Address

  • Full Address: 127 Park Dr
  • Address - House Number: 127
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C085
  • 4-Digit Zip Code: 1411
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $465,126
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 77
  • Final Value: 234,121
  • High Value: 274,588
  • Low Value: 193,655

    Market Valuation

  • Market Total Value: $169,095
  • Market Land Value: $36,312
  • Market Improvement Value: $132,783

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $56,365
  • Assessed Land Value: $12,104
  • Assessed Improvements Value: $44,261

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021108842
  • Previous Sale Recording Date: Jun 06, 2018
  • Previous Sale Contract Date: May 25, 2018
  • Previous Sale Amount: $156,000
  • Previous Sale Document Type: 71

    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 Reedwood

Stats & Trends

Median Asking:

$249,999

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1648 ft²

Average Home Age

82.8 years

Currently For Sale

5 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 510 N Raynor Avenue, IL, 60435

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,372 ft²
510 N Raynor Avenue, IL, 60435 Listing by Irwin Dammers

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Benjamin Grander, Keller Williams Infinity
Data Source: MRED, MLS# MRD12285329
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 127 Park Drive built and last sold?
The property at 127 Park Drive was built in 1955 and last sold on Aug 13, 2021 for $210,000.
How much is this home worth?
The estimated value of the home located at 127 Park Drive is $247,091.
What are some comparable homes to 127 Park Drive?
There are currently no comparable homes to 127 Park Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Joliet Homes for Sale
Joliet Houses for Sale
Joliet Condos for Sale
Joliet Townhouses for Sale
Joliet Multifamily for Sale
Joliet Land for Sale
Joliet Commercial for Sale
Joliet Homes with Basements
Nearby Cities
Naperville Homes for Sale
Orland Park Homes for Sale
Plainfield Homes for Sale
Bolingbrook Homes for Sale
Tinley Park Homes for Sale
Oak Lawn Homes for Sale
Oswego Homes for Sale
Yorkville Homes for Sale
Nearby Property Records
Will County, IL Property Records
Kendall County, IL Property Records
Grundy County, IL Property Records
DuPage County, IL Property Records
Cook County, IL Property Records
Kankakee County, IL Property Records
Kane County, IL Property Records
DeKalb County, IL Property Records
Neighborhoods
Gresham Real Estate
West Pullman Real Estate
South Chicago Real Estate
Roseland Real Estate
Far Southeast Real Estate
Beverly Real Estate
Chatham Real Estate
Far East Real Estate
Nearby Counties
Downers Grove Homes for Sale
Thornton Homes for Sale
Worth Homes for Sale
Wheatland Homes for Sale
Bremen Homes for Sale
Orland Homes for Sale
Plainfield Homes for Sale
Rich Homes for Sale
Top Real Estate Agents
Top Agents in Reedwood
Top Agents in Joliet
Top Agents in Naperville
Top Agents in Downers Grove
Top Agents in Thornton
Top Agents in Worth
Top Agents in Wheatland
Top Agents in Bremen