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Preston Heights 60433
1609 Middletree Road
$263,000
● House - Off Market

1609 Middletree Road

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,776 Ft²
$285,378
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Must see to believe this amazing house set on a lovely wooded lot!  The beautifully refinished floors, bright, well appointed kitchen and first class bathrooms are only a few highlights of this stunning house on a quiet street in the desirable Sugar Creek Hills subdivision.  Quartz countertops, all new fixtures and breakfast bar are the finishing touches. The home is and lives much larger than it appears.  With 3 good sized bedrooms and a large walkout living space means everyone will have space to work and play.  The two car garage, large laundry room and partially fenced large backyard complete the package.
Unit Size
1,776 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1966

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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 #11489841)

Price History

Date / Event Date Event Price
Dec 20, 2022 Sold
Premium
Sold
Aug 11, 2022 Listed by MBH Realty LLC $269,000
Listed by MBH Realty LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • 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: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,954
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,776
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUGAR CREEK WOODS
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 9 UNIT 1 IN SUGAR CREEK WOODS, BEING A SUB OF PRT OF THE NW1/4 OF SEC 27, T35N-R10E.

Neighborhood

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

Geography

  • Parcel: 30-07-27-102-003
  • Lot: 9
  • Meridian: SEC 27 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.4947
  • Longitude: -88.0741

    Address

  • Full Address: 1609 Middletree Rd
  • Legal Unit: 1
  • Address - House Number: 1609
  • Address - Street Name: Middletree
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C042
  • 4-Digit Zip Code: 2916
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $485,504
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 260,484
  • High Value: 300,478
  • Low Value: 220,489

    Market Valuation

  • Market Total Value: $190,974
  • Market Land Value: $33,513
  • Market Improvement Value: $157,461

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,658
  • Assessed Land Value: $11,171
  • Assessed Improvements Value: $52,487

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 07, 2022
  • Current Sale Recording Date: Jan 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2166
  • Previous Sale Recording Date: May 17, 2022
  • Previous Sale Contract Date: Apr 01, 2022
  • Previous Sale Amount: $84,577
  • 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 Preston Heights

Stats & Trends

Median Asking:

$220,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

50

Average Home Size

2357 ft²

Average Home Age

43.7 years

Currently For Sale

6 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: Mark Higginson, MBH Realty LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11489841
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 1609 Middletree Road built and last sold?
The property at 1609 Middletree Road was built in 1966 and last sold on Dec 7, 2022 for $263,000.
How much is this home worth?
The estimated value of the home located at 1609 Middletree Road is $0.
What are some comparable homes to 1609 Middletree Road?
There are currently no comparable homes to 1609 Middletree Road.
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