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Preston Heights 60433
1501 Middletree Road
$259,900
● House - Off Market

1501 Middletree Road

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,598 Ft²
$1,704
Est. Monthly
9.57%
Cap Rate

About This Property

This lovely, well maintained & nicely updated ranch is nestled on a large lot. Features: A sun-filled living room with decorative crown molding & gleaming hardwood flooring; Beautiful kitchen with granite counters & stainless steel appliances; Desirable main level laundry room with new washer & dryer; Master bedroom that offers a cedar lined closet; 1.5 nicely refreshed baths; Convenient, attached garage; White 6 panel doors & trim throughout; Fresh paint & new carpeting; New front porch & concrete patio overlooking the large yard with invisible fence; Dry basement. Roof (2016), AC (2018), Water Heater (2023), US Waterproofing in basement with transferable warranty (2022).
Unit Size
1,598 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (MRED MLS #12208302)

Price History

Date / Event Date Event Price
Dec 23, 2024 Sold
Premium
Sold
Nov 28, 2024 In contract -
In contract
Nov 26, 2024 Relisted $259,900
Relisted
Nov 19, 2024 In contract -
In contract
Nov 11, 2024 Listed by Wirtz Real Estate Group Inc. $259,900
Listed by Wirtz Real Estate Group Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 1
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,299
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,752
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAWTHORNE HILLS
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 50 IN HAWTHORNE HILLS SUB, BEING A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC. 22, T35N-R10E

Neighborhood

  • School District Name: Laraway Community Consolidated School District 70C
  • Census Tract: 883100

Geography

  • Parcel: 30-07-22-307-010
  • Lot: 50
  • Meridian: SEC 22 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.4971
  • Longitude: -88.0739

    Address

  • Full Address: 1501 Middletree Rd
  • Address - House Number: 1501
  • Address - Street Name: Middletree
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C042
  • 4-Digit Zip Code: 2914
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $481,286
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 224,787
  • High Value: 264,646
  • Low Value: 184,929

    Market Valuation

  • Market Total Value: $189,471
  • Market Land Value: $33,513
  • Market Improvement Value: $155,958

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,157
  • Assessed Land Value: $11,171
  • Assessed Improvements Value: $51,986

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 20, 2001
  • Current Sale Recording Date: Jul 03, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2001084442
  • Previous Sale Recording Date: Mar 24, 1999
  • Previous Sale Contract Date: Feb 02, 1999
  • Previous Sale Document Type: 69
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 Preston Heights

Stats & Trends

Median Asking:

$209,500

Sale Price/ft²

$211

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2048 ft²

Average Home Age

51.8 years

Currently For Sale

8 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: Kimberly Wirtz, Wirtz Real Estate Group Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12208302
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 1501 Middletree Road built and last sold?
The property at 1501 Middletree Road was built in 1961 and last sold on Jun 20, 2001 for $117,000.
How much is this home worth?
The estimated value of the home located at 1501 Middletree Road is $263,211.
What are some comparable homes to 1501 Middletree Road?
There are currently no comparable homes to 1501 Middletree Road.
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