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1302 Colaric Drive

1302 Colaric Drive, Joliet, IL 60431
House in Troy
Sold Feb 24, 2020
$245,000
$240,323 by Allied First Bank Sb
Mortgage Due Feb 01, 2051
Sold Oct 05, 2018
$433,476
This has been categorized as a residential property type. In total, the area measurement of the land is 8,015 square feet.

Learn more about the property and building on this page. 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, 1302 Colaric Drive sold most recently in Feb 7, 2020 for a total of $245,000. Before that, the property was also sold for $433,476 in Aug 29, 2018. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,471 in taxes each year. 1302 Colaric Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $86,493. If we break it down further, the land itself was valued at $16,401. Improvements to the property, however, were assessed at a total of $70,092. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Condition

New Construction

Exterior

Aluminum Siding
Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,015
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEGACY POINTE SUB
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 185 IN LEGACY POINTE SUB UNIT TWO, BEING A SUB OF PRT OF THE W1/2 OF THE NE FRACTIONAL 1/4 OF SEC. 6, T35N-R9E.

Ownership

  • Current Owner : PHAD MICHAEL J
  • Previous Owner : M I HOMES OF CHICAGO LLC
  • Owner Before Previous Owner: LEGACY POINTE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883218

Geography

  • Parcel: 05-06-06-201-062
  • Lot: 185
  • Meridian: SEC 06 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.545
  • Longitude: -88.2432

    Address

  • Full Address: 1302 Colaric Dr
  • Legal Unit: 2
  • Address - House Number: 1302
  • Address - Street Name: Colaric
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R018
  • 4-Digit Zip Code: 7449
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,471
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1463
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 82
  • Final Value: 310,382
  • High Value: 355,802
  • Low Value: 264,962

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,323
  • First Open Lien Mortgage Lender: ALLIED FIRST BANK SB
  • First Open Lien Mortgage Recording Date: Jan 15, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $240,323
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $259,479
  • Market Land Value: $49,203
  • Market Improvement Value: $210,276

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,493
  • Assessed Land Value: $16,401
  • Assessed Improvements Value: $70,092

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 07, 2020
  • Current Sale Recording Date: Feb 24, 2020
  • Current Sale Transaction ID: 11741666963
  • Current Sale Price: $245,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: R2020014868
  • Previous Sale Recording Date: Oct 05, 2018
  • Previous Sale Contract Date: Aug 29, 2018
  • Previous Sale Amount: $433,476
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALLIED FIRST BANK SB
  • First Mortgage Transaction Date: Feb 24, 2020
  • First Mortgage Loan Amount: $240,562
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1302 Colaric Drive located in?
The 1302 Colaric Drive is a house located in the neighborhood of Troy in Joliet, Joliet.
What is the average sales price for listings in 1302 Colaric Drive?
The average sales price for units in 1302 Colaric Drive is $0 currently.

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