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Joliet 60435 Midland Avenue West
1507 W Acres Road
$184,000
● House - Off Market

1507 W Acres Road

JOLIET, IL 60435
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,920 Ft²
$295,402
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Spacious 4 bedroom, 3.5 bath all brick home in one of Joliet's most popular westside neighborhoods. This home has over 2900 sqft with an office, full bathroom and laundry room all on the main level.  Huge Living room with bedford stone gas fireplace flows into the formal dining room. The spacious kitchen opens to the family room with wood burning fireplace and beamed ceiling. Other features include a full basement with half bath, furnace, ac unit and water heater replaced in 2007, new roof 2017, windows replaced in 2011 The master bedroom has a private bath and walk in closet. This home is full of potential and offers a great opportunity to someone wanting to customize the interior to their own tastes.
Unit Size
2,920 Ft²
Days on Market
-
Land Size
-
Price per sqft
$63
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1957

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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: 3 years ago (MRED MLS #09585758)

Price History

Date / Event Date Event Price
Jun 3, 2017 Sold
Premium
Sold
Apr 5, 2017 Listed by Coldwell Banker The Real Estate Group $184,000
Listed by Coldwell Banker The Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 664
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,319
  • Total Building Area: 3,864
  • Building Area: 2,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,920
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTCHESTER UNIT 9
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 81 IN WESTCHESTER UNIT 9, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC 8, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881700

Geography

  • Parcel: 30-07-08-107-021
  • Lot: 81
  • Meridian: SEC 08 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5312
  • Longitude: -88.1186

    Address

  • Full Address: 1507 W Acres Rd
  • Legal Unit: 9
  • Address - House Number: 1507
  • Street Direction: W
  • Address - Street Name: Acres
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C076
  • 4-Digit Zip Code: 5847
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $762,580
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 309,085
  • High Value: 359,874
  • Low Value: 258,296

    Market Valuation

  • Market Total Value: $265,722
  • Market Land Value: $39,561
  • Market Improvement Value: $226,161

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,574
  • Assessed Land Value: $13,187
  • Assessed Improvements Value: $75,387

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 03, 2017
  • Current Sale Recording Date: Jun 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017048313

    Financing

  • First Mortgage Financing Type: FIX
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 Midland Avenue West

Stats & Trends

Median Asking:

$299,950

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

45

Average Home Size

1781 ft²

Average Home Age

66.7 years

Currently For Sale

3 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

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MRED

Listed by: , Coldwell Banker The Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 09585758
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 1507 West Acres Road built and last sold?
The property at 1507 West Acres Road was built in 1957 and last sold on May 3, 2017 for $184,000.
How much is this home worth?
The estimated value of the home located at 1507 West Acres Road is $0.
What are some comparable homes to 1507 West Acres Road?
There are currently no comparable homes to 1507 West Acres Road.
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