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Plainfield 60586
16120 S Arbor Drive S
$365,000
● House - Off Market

16120 S Arbor Drive S

Plainfield, IL 60586
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,606 Ft²
$414,348
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

First time on the market! Huge open layout with first floor bedroom/office. Vaulted ceilings in living room with copious amounts of lighting thanks to the over sized windows. Upstairs boasts an additional four bedrooms and two full baths! Master suite includes huge walk in closet and master bath! Backyard is perfect for hosting summer get togethers with beautifully paved brick patio and fire pit. Lot is a generous 0.27 acres for you to add on whatever else you'd like!  Full basement is already framed out waiting  for your finishing touches and has gas/plumbing ran to build an in law suite! Perfect location less than 2 miles from I-55 and local Westfield Joliet shopping mall in addition to be just minutes from fine dining/shopping downtown Plainfield!
Unit Size
2,606 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$140
Property Type
House
Property Taxes
$734
HOA Dues
-
Year Built
1994

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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 #11131184)

Price History

Date / Event Date Event Price
Sep 2, 2021 Sold
Premium
Sold
Jun 19, 2021 Listed by Exit Strategy Realty $365,000
Listed by Exit Strategy Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 381
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,886
  • Total Building Area: 2,990
  • Building Area: 2,609
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,609
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARBOR OF PLAINFIELD RE
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 15 IN ARBOR OF PLAINFIELD RESUB, PRT OF OUTLOT D, BEING A SUB OF PRT OF THE NW1/4 OF SEC 22, T36N-R9E.

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 880421

Geography

  • Parcel: 06-03-22-101-017
  • Lot: 15
  • Meridian: SEC 22 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5899
  • Longitude: -88.1963

    Address

  • Full Address: 16120 S Arbor Dr
  • Address - House Number: 16120
  • Street Direction: S
  • Address - Street Name: Arbor
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R010
  • 4-Digit Zip Code: 8874
  • Zip Code: 60586

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $929,732
  • Tax Rate Code Area: 0602

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 81
  • Final Value: 452,825
  • High Value: 522,358
  • Low Value: 383,291

    Market Valuation

  • Market Total Value: $367,611
  • Market Land Value: $80,535
  • Market Improvement Value: $287,076

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $122,537
  • Assessed Land Value: $26,845
  • Assessed Improvements Value: $95,692

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021099629
  • Previous Sale Recording Date: Nov 03, 1994
  • Previous Sale Contract Date: Oct 25, 1994
  • Previous Sale Amount: $181,500
  • Previous Sale Document Type: 71

    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 Plainfield

Stats & Trends

Median Asking:

$514,990

Sale Price/ft²

$212

Above Asking

0.00%

Average Days on Market

50

Average Home Size

2709 ft²

Average Home Age

13.1 years

Currently For Sale

205 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 15042 S Darr Drive, Plainfield, IL, 60544

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,965 ft²
15042 S Darr Drive, Plainfield, IL, 60544 Listing by Karina Stamper
Unit for rent at 24164 Apple Creek Lane, Plainfield, IL, 60586

$3,900 /mo

  • 5 Beds
  • 3 Baths
  • 3,700 ft²
24164 Apple Creek Lane, Plainfield, IL, 60586 Listing by Lesa Meade

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: James Young, Exit Strategy Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11131184
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 16120 South Arbor Drive built and last sold?
The property at 16120 South Arbor Drive was built in 1994 and last sold on Aug 31, 2021 for $365,000.
How much is this home worth?
The estimated value of the home located at 16120 South Arbor Drive is $0.
What are some comparable homes to 16120 South Arbor Drive?
There are currently no comparable homes to 16120 South Arbor Drive.
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