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Joliet 60435
1414 Waverly Place
$180,000
● House - Off Market

1414 Waverly Place

Joliet, IL 60435
bedrooms
2 Beds
bathrooms
1 Bath
square feet
790 Ft²
$1,306
Est. Monthly
10.52%
Cap Rate

About This Property

Discover the potential in this cozy 2-bedroom, 1-bathroom home located in Joliet. Featuring a full partially finished basement, with 2 additional bedrooms, new siding, and a modern tankless water heater, this property combines classic charm with contemporary upgrades. Inside, you'll find original hardwood floors that add warmth and character to the space. The fenced backyard offers a private outdoor retreat for relaxation or entertaining. While the home is being sold as-is, it presents a fantastic opportunity for those looking to put their personal touch on a property.
Unit Size
790 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$228
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1927

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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 #12131124)

Price History

Date / Event Date Event Price
Sep 5, 2024 Sold
Premium
Sold
Aug 17, 2024 In contract -
In contract
Aug 14, 2024 Listed by Crosstown Realtors Inc $179,900
Listed by Crosstown Realtors Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Total Rooms: 5
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,280
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 400
  • Total Building Area: 790
  • Building Area: 790
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 790
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAYNOR PARK
  • Land Acres: 0000000120
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 113 IN RAYNOR PARK SUB, BEING A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC 5, TS35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881402

Geography

  • Parcel: 30-07-05-214-008
  • Lot: 113
  • Meridian: SEC 05 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5495
  • Longitude: -88.1039

    Address

  • Full Address: 1414 Waverly Pl
  • Address - House Number: 1414
  • Address - Street Name: Waverly
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Joliet
  • Carrier Code: C040
  • 4-Digit Zip Code: 4142
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $474,666
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 187,067
  • High Value: 219,765
  • Low Value: 154,370

    Market Valuation

  • Market Total Value: $154,194
  • Market Land Value: $27,570
  • Market Improvement Value: $126,624

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,398
  • Assessed Land Value: $9,190
  • Assessed Improvements Value: $42,208

    Sales

  • Current Sale Contract Date: Apr 13, 2005
  • Current Sale Recording Date: Apr 15, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2005062889
  • Previous Sale Recording Date: Nov 12, 2004
  • Previous Sale Contract Date: Oct 20, 2004
  • Previous Sale Amount: $85,500
  • 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

1879 ft²

Average Home Age

42.2 years

Currently For Sale

277 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 719 Taylor Street, Joliet, IL, 60435

$2,125 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
719 Taylor Street #UPPER, Joliet, IL, 60435 Listing by Joseph Diaz
Unit for rent at 400 Summit Street, Joliet, IL, 60435

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,290 ft²
400 Summit Street, Joliet, IL, 60435 Listing by Stacie McGlone

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lauren Litoborski, Crosstown Realtors Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12131124
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 1414 Waverly Place built and last sold?
The property at 1414 Waverly Place was built in 1927 and last sold on Apr 13, 2005 for $129,000.
How much is this home worth?
The estimated value of the home located at 1414 Waverly Place is $180,025.
What are some comparable homes to 1414 Waverly Place?
There are currently no comparable homes to 1414 Waverly Place.
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