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Joliet 60586 Cumberland
1801 Great Falls Drive
$350,000
● House - Off Market

1801 Great Falls Drive

Plainfield, IL 60586
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,264 Ft²
$1,920
Est. Monthly
7.88%
Cap Rate

About This Property

Rarely available ranch home in the desirable Cumberland Subdivision! Features hardwood floors throughout main living area and kitchen, oak cabinetry, trayed ceiling in the primary suite, spacious full basement that is roughplumbed for a future 3rd bath, and a large stamped concrete patio in a fenced rear yard. Drywalled & painted 2 car garage. All this and Plainfield 202 schools too! Clean, well maintained and move-in ready! A solid value that is perfect for the 1st time buyer, down sizer or investor. See this soon!
Unit Size
1,264 Ft²
Days on Market
-
Land Size
-
Price per sqft
$277
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
2003

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,700
  • Total Building Area: 1,264
  • Building Area: 1,264
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,264
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CUMBERLAND UNIT 14
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 471 IN CUMBERLAND SUB. UNIT 14, BEING A SUB OF PRT OF FRACTIONAL SEC. 31 T36N-R9E.

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 880432

Geography

  • Parcel: 06-03-31-306-016
  • Lot: 471
  • Meridian: SEC 31 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.553
  • Longitude: -88.2507

    Address

  • Full Address: 1801 Great Falls Dr
  • Legal Unit: 14
  • Address - House Number: 1801
  • Address - Street Name: Great Falls
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R003
  • 4-Digit Zip Code: 5297
  • Zip Code: 60586

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $303,610
  • Tax Rate Code Area: 0606

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 287,883
  • High Value: 333,610
  • Low Value: 242,156

    Market Valuation

  • Market Total Value: $223,755
  • Market Land Value: $53,391
  • Market Improvement Value: $170,364

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,585
  • Assessed Land Value: $17,797
  • Assessed Improvements Value: $56,788

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 12, 2009
  • Current Sale Recording Date: Mar 05, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2009026479
  • Previous Sale Recording Date: Dec 31, 2008
  • Previous Sale Contract Date: Dec 10, 2008
  • Previous Sale Document Type: 64
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 Cumberland

Stats & Trends

Median Asking:

$404,900

Sale Price/ft²

$195

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2163 ft²

Average Home Age

3.1 years

Currently For Sale

9 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 7707 Nightshade Lane, Joliet, IL, 60431

$2,795 /mo

  • 3 Beds
  • 2 Baths
  • 1,701 ft²
7707 Nightshade Lane #7707, Joliet, IL, 60431 Listing by Waqar Riaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Craig Caffarello, Your Place Realty Group
Data Source: MRED, MLS# MRD12395269
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 1801 Great Falls Drive built and last sold?
The property at 1801 Great Falls Drive was built in 2003 and last sold on Feb 12, 2009 for $169,000.
How much is this home worth?
The estimated value of the home located at 1801 Great Falls Drive is $350,786.
What are some comparable homes to 1801 Great Falls Drive?
There are currently no comparable homes to 1801 Great Falls Drive.
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