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Joliet 60431 Autumn Lakes
1400 Phoenix Lane
$265,000
● House - Off Market

1400 Phoenix Lane

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,460 Ft²
$295,494
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Original owner  Newer roof  newer CA and Furnace . Home has a lot to offer. 3 Bedrooms 1.5 Baths Fireplace in the Family Room Large Back yard with a patio. 2 car attached garage. with drive for additional parking.
Unit Size
1,460 Ft²
Days on Market
-
Land Size
-
Price per sqft
$182
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1991

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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.

Last updated: 3 years ago (MRED MLS #11181287)

Price History

Date / Event Date Event Price
Nov 12, 2021 Sold
Premium
Sold
Aug 9, 2021 Listed by Compass $265,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Cover: 0
  • Basement Type: 8
  • Basement Area: 898
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,402
  • Total Building Area: 1,976
  • Building Area: 1,492
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,492
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AUSTUMN LAKE SOUTH
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 585 IN AUTUMN LAKE SOUTH UNIT 3, BEING A SUB OF PRT OF THE NE1/4 OF SEC. 2, T35N-R9E.

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883209

Geography

  • Parcel: 05-06-02-226-011
  • Lot: 585
  • Meridian: SEC 02 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.548
  • Longitude: -88.165

    Address

  • Full Address: 1400 Phoenix Ln
  • Legal Unit: 3
  • Address - House Number: 1400
  • Address - Street Name: Phoenix
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Joliet
  • Carrier Code: C097
  • 4-Digit Zip Code: 8415
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $608,748
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 283,375
  • High Value: 326,141
  • Low Value: 240,609

    Market Valuation

  • Market Total Value: $214,764
  • Market Land Value: $39,063
  • Market Improvement Value: $175,701

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $71,588
  • Assessed Land Value: $13,021
  • Assessed Improvements Value: $58,567

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021126804
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 Autumn Lakes

Stats & Trends

Median Asking:

$559,990

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2940 ft²

Average Home Age

-

Currently For Sale

4 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 2551 Oak Tree Lane, Plainfield, IL, 60586

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,271 ft²
2551 Oak Tree Lane #2551, Plainfield, IL, 60586 Listing by Miguel Tineo
Unit for rent at 827 Summit Creek Drive, Shorewood, IL, 60404

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 2,116 ft²
827 Summit Creek Drive, Shorewood, IL, 60404 Listing by Bertha Muralles

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Pat Cesario, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11181287
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 1400 Phoenix Lane built and last sold?
The property at 1400 Phoenix Lane was built in 1991 and last sold on Nov 8, 2021 for $265,000.
How much is this home worth?
The estimated value of the home located at 1400 Phoenix Lane is $0.
What are some comparable homes to 1400 Phoenix Lane?
There are currently no comparable homes to 1400 Phoenix Lane.
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