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Joliet 60431
1319 Benham Drive
$329,000
● House - Off Market

1319 Benham Drive

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,488 Ft²
$2,256
Est. Monthly
6.76%
Cap Rate

About This Property

3 bedroom 2 full bath ranch. Large bow windows offers plenty of natural lighting to the living room and dining room. Kitchen has new stainless appliances. Two of the bedrooms feature fresh paint and plush new carpeting, and you'll love the ease of main-floor laundry. Head downstairs to a fully finished basement designed for fun and flexibility: a massive rec room, a dedicated game room (air hockey table included!), a private office or craft space, and even a former salon that could easily become a 4th bedroom or in-law suite. 2 car garage with extra wide driveway. Outside, relax on the back deck overlooking a fenced-in backyard and above ground pool, perfect for pets, play, or entertaining. New roof 2024. HVAC 2023
Unit Size
2,488 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$132
Property Type
House
Property Taxes
$640
HOA Dues
-
Year Built
2003

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,244
  • Garage Type: 1
  • Garage Square Area: 594
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,368
  • Total Building Area: 1,244
  • Building Area: 1,244
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,244
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CUMBERLAND SOUTH UNIT 2
  • Land Acres: 0000000240
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 265 IN CUMBERLAND SOUTH UNIT TWO, BEING A SUB OF PRT OF THE NW FRACT'L 1/4 OF SEC. 6, T35N-R9E.

Neighborhood

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

Geography

  • Parcel: 05-06-06-111-012
  • Lot: 265
  • Meridian: SEC 06 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.546
  • Longitude: -88.2499

    Address

  • Full Address: 1319 Benham Dr
  • Legal Unit: 2
  • Address - House Number: 1319
  • Address - Street Name: Benham
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R018
  • 4-Digit Zip Code: 6075
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $639,600
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 284,294
  • High Value: 324,655
  • Low Value: 243,933

    Market Valuation

  • Market Total Value: $206,736
  • Market Land Value: $40,728
  • Market Improvement Value: $166,008

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,912
  • Assessed Land Value: $13,576
  • Assessed Improvements Value: $55,336

    Sales

  • Current Sale Contract Date: Nov 02, 2020
  • Current Sale Recording Date: Nov 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020104985
  • Previous Sale Recording Date: Jun 17, 2009
  • Previous Sale Contract Date: May 27, 2009
  • Previous Sale Amount: $164,000
  • Previous Sale Document Type: 71
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

1857 ft²

Average Home Age

42.8 years

Currently For Sale

260 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 7705 Nightshade Lane, Joliet, IL, 60431

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
7705 Nightshade Lane, Joliet, IL, 60431 Listing by Liz Ruiz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Keith Listermann, Baird & Warner Real Estate
Data Source: MRED, MLS# MRD12425015
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 1319 Benham Drive built and last sold?
The property at 1319 Benham Drive was built in 2003 and last sold on Nov 2, 2020 for $160,000.
How much is this home worth?
The estimated value of the home located at 1319 Benham Drive is $0.
What are some comparable homes to 1319 Benham Drive?
There are currently no comparable homes to 1319 Benham Drive.
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