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Joliet 60431 Far West
1407 Timberline Drive
$235,000
● House - Off Market

1407 Timberline Drive

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,250 Ft²
$237,011
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

3 BEDROOM, 1 BATH RANCH WITH BEAUTIFUL WOOD BURNING FIREPLACE IN UNINCORPORATED SUBDIVISION. OFFERS 2 1/2 CAR DETACHED GARAGE WITH ELECTRIC PANELS (2022). NEWER SOFIT  AND GUTTERS. THE BARN HAS A NEWER ROOF. BACKYARD INCLUDES SHED AND PLAYHOUSE ALL ON A FENCED 1/3 ACRE LOT. LIVING ROOM FEATURES WOOD BURNING FIRE PLACE, BAY WINDOW WITH SEATS. KITCHEN INCLUDES BAY SITTING WINDOW, WHITE CABINETRY, WHITE STOVE, DISHWASHER, AND REFRIGERATOR. NEWER WINDOWS THAT FEATURE A TRANSFERABLE WARRANTY. NEWER HOT WATER HEATER. IN TROY 30C SCHOOL DISTRICT. MAKE THIS YOUR HOME TODAY!
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$184
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1977

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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 #11678057)

Price History

Date / Event Date Event Price
Mar 15, 2023 Sold
Premium
Sold
Nov 23, 2022 Listed by Able Real Estate Services $230,000
Listed by Able Real Estate Services

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 8
  • Basement Area: 1,196
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,979
  • Total Building Area: 2,392
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONGLEAT
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 140 IN LONGLEAT, UNIT 4A, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 2, T35N-R9E.

Neighborhood

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

Geography

  • Parcel: 05-06-02-204-020
  • Lot: 140
  • Meridian: SEC 02 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5483
  • Longitude: -88.1669

    Address

  • Full Address: 1407 Timberline Dr
  • Legal Unit: 4A
  • Address - House Number: 1407
  • Address - Street Name: Timberline
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C097
  • 4-Digit Zip Code: 2863
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $547,362
  • Tax Rate Code Area: 0548

    Appraisal Valuation

  • Standard Deviation: 0.215
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 70
  • Final Value: 235,345
  • High Value: 285,949
  • Low Value: 184,741

    Market Valuation

  • Market Total Value: $211,923
  • Market Land Value: $30,255
  • Market Improvement Value: $181,668

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $70,641
  • Assessed Land Value: $10,085
  • Assessed Improvements Value: $60,556

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Mar 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12765
  • Previous Sale Recording Date: Dec 20, 1995
  • Previous Sale Contract Date: Dec 18, 1995
  • Previous Sale Amount: $98,000
  • 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 Far West

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$190

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1640 ft²

Average Home Age

53 years

Currently For Sale

2 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: Robin Pantke, Able Real Estate Services
Last Updated: 3 years ago
Data Source: MRED, MLS# 11678057
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 1407 Timberline Drive built and last sold?
The property at 1407 Timberline Drive was built in 1977 and last sold on Mar 2, 2023 for $235,000.
How much is this home worth?
The estimated value of the home located at 1407 Timberline Drive is $0.
What are some comparable homes to 1407 Timberline Drive?
There are currently no comparable homes to 1407 Timberline Drive.
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