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Joliet 60435
1306 Mason Avenue
$320,000
● House - Off Market

1306 Mason Avenue

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,296 Ft²
$2,033
Est. Monthly
7.76%
Cap Rate

About This Property

**Charming & Immaculate 3-Bed, 2-Bath Ranch with Sunroom & Full Basement!**This bright and clean 3-bedroom, 2-bath ranch is move-in ready and full of charm! Featuring a spacious layout with abundant natural light, this home boasts a cozy sunroom off the garage-perfect for enjoying your morning coffee or relaxing with a book. There is hardwood floors under the carpet in the bedrooms! The full basement offers endless possibilities for additional living space, storage, or a recreation area. Recent updates include a new breaker panel and water softener (2021) and front living room windows with lifetime warranty! Nestled in a desirable neighborhood, this home also offers easy access to local amenities.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
-
Price per sqft
$231
Property Type
House
Property Taxes
$560
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,942
  • Total Building Area: 1,736
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEING A ACRES
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LUELLYN ACRES UNIT E 2, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC. 7, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881700

Geography

  • Parcel: 30-07-08-111-005
  • Meridian: SEC 07 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5354
  • Longitude: -88.1139

    Address

  • Full Address: 1306 Mason Ave
  • Legal Unit: E
  • Address - House Number: 1306
  • Address - Street Name: Mason
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C059
  • 4-Digit Zip Code: 5820
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $640,704
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 243,819
  • High Value: 278,434
  • Low Value: 209,205

    Market Valuation

  • Market Total Value: $226,131
  • Market Land Value: $53,934
  • Market Improvement Value: $172,197

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,377
  • Assessed Land Value: $17,978
  • Assessed Improvements Value: $57,399

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021073007

    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 Joliet

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1880 ft²

Average Home Age

41.6 years

Currently For Sale

272 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

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MRED

Listed by: Rachael Gish, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12296377
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 1306 Mason Avenue built and last sold?
The property at 1306 Mason Avenue was built in 1950 and last sold on May 13, 2021 for $165,000.
How much is this home worth?
The estimated value of the home located at 1306 Mason Avenue is $0.
What are some comparable homes to 1306 Mason Avenue?
There are currently no comparable homes to 1306 Mason Avenue.
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