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Will 60432
1421 Maple Road
$90,000
● House - Off Market

1421 Maple Road

Joliet, IL 60432
bedrooms
2 Beds
bathrooms
1 Bath
square feet
936 Ft²
$102,943
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

BACK ON THE MARKET BUYERS FINANCING FELL THROUGH Joliet home has a great opportunity for Investors/first time buyer looking to bring the home back to its formal glory.  Update the home and flip it or rent it out, or live in it...the choice is yours. The home needs TLC.  There is a bonus room at the back of the home that can be a bedroom, family room, or an office. New updates that have been done for you include:  ***NEW ROOF, NEW WELL 2022, NEW WATER SOFTENER, NEW AC, AND SEVERAL NEW WINDOWS***.  Appliances are included.
Unit Size
936 Ft²
Days on Market
-
Land Size
-
Price per sqft
$107
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1964

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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 #11653469)

Price History

Date / Event Date Event Price
Mar 6, 2023 Sold
Premium
Sold
Oct 15, 2022 Listed by EXIT Strategy Realty $99,898
Listed by EXIT Strategy Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 936
  • Garage Type: 4
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,319
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,872
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEL AIR ADDITION
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 17 IN BEL AIR ADDITION, BEING A SUB OF PRT OF THE E1/2 OF THE SE1/4 OF SEC 2, T35N-R10E THAT PRT OF THE S1/2 OF VAC ALLE

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882200

Geography

  • Parcel: 30-07-02-413-024
  • Lot: 17
  • Meridian: SEC 02 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5403
  • Longitude: -88.0466

    Address

  • Full Address: 1421 Maple Rd
  • Address - House Number: 1421
  • Address - Street Name: Maple
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C051
  • 4-Digit Zip Code: 1442
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $320,850
  • Tax Rate Code Area: 3031

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 154,501
  • High Value: 181,452
  • Low Value: 127,549

    Market Valuation

  • Market Total Value: $122,490
  • Market Land Value: $12,210
  • Market Improvement Value: $110,280

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,830
  • Assessed Land Value: $4,070
  • Assessed Improvements Value: $36,760

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11102
  • Previous Sale Recording Date: Oct 31, 2003
  • Previous Sale Contract Date: Sep 18, 2003
  • Previous Sale Amount: $85,000
  • 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 Will

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2399 ft²

Average Home Age

31.2 years

Currently For Sale

1462 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

Rentals Near You

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MRED

Listed by: Karen Mika, EXIT Strategy Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11653469
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 1421 Maple Road built and last sold?
The property at 1421 Maple Road was built in 1964 and last sold on Mar 1, 2023 for $90,000.
How much is this home worth?
The estimated value of the home located at 1421 Maple Road is $0.
What are some comparable homes to 1421 Maple Road?
There are currently no comparable homes to 1421 Maple Road.
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