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Crest Hill 60403
1816 Alma Drive
$218,000
● House - Off Market

1816 Alma Drive

Crest Hill, IL 60403
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
910 Ft²
$1,380
Est. Monthly
9.86%
Cap Rate

About This Property

*** Motivated Sellers*** This charming 2-bedroom, 1.5 bath home features a spacious full basement and sits on a generous lot. The partially fenced yard offers a large, unfenced side area, perfect for outdoor activities or gardening. Enjoy an abundance of natural light throughout, thanks to all-vinyl windows. The roof was replaced just 6 years ago, providing peace of mind. Take note of the low taxes on this property. Don't miss the opportunity to make this lovely home your own!
Unit Size
910 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$240
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #12217135)

Price History

Date / Event Date Event Price
Jan 10, 2025 Sold
Premium
Sold
Dec 12, 2024 In contract -
In contract
Dec 6, 2024 Price Decreased $218,000
↓ $7K (3.1%)
Price Decreased
Oct 24, 2024 Listed by Town Center Realty LLC $225,000
Listed by Town Center Realty LLC

Property Highlights

Building Info

Overview

    General

  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,310
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THOMAS POLYAKS ADDITION TO LIDICE
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 8 IN THOMAS V POLYAK'S ADDITION TO LIDICE, BEING A SUB OF PRT OF THE W1/2 OF THE E1/2 OF THE E1/2 OF THE SE1/4 OF SEC. 32

Neighborhood

  • School District Name: Chaney-Monge School District 88
  • Census Tract: 880905

Geography

  • Parcel: 11-04-32-408-001
  • Lot: 8
  • Meridian: SEC 32 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5573
  • Longitude: -88.1035

    Address

  • Full Address: 1816 Alma Dr
  • Address - House Number: 1816
  • Address - Street Name: Alma
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Crest Hill
  • Carrier Code: C104
  • 4-Digit Zip Code: 2304
  • Zip Code: 60403

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $372,572
  • Tax Rate Code Area: 1103

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 87
  • Final Value: 201,579
  • High Value: 224,785
  • Low Value: 178,373

    Market Valuation

  • Market Total Value: $149,406
  • Market Land Value: $48,042
  • Market Improvement Value: $101,364

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,802
  • Assessed Land Value: $16,014
  • Assessed Improvements Value: $33,788

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 08, 1995
  • Current Sale Recording Date: Sep 12, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R95-067637
  • Previous Sale Recording Date: Feb 07, 1994
  • Previous Sale Contract Date: Jan 26, 1994
  • Previous Sale Amount: $87,000
  • 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 Crest Hill

Stats & Trends

Median Asking:

$289,000

Sale Price/ft²

$194

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1466 ft²

Average Home Age

37.8 years

Currently For Sale

39 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 719 Taylor Street, Joliet, IL, 60435

$2,150 /mo

  • 2 Beds
  • 1 Bath
  • 1,500 ft²
719 Taylor Street #UPPER, Joliet, IL, 60435 Listing by Joseph Diaz
Unit for rent at 400 Summit Street, Joliet, IL, 60435

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,290 ft²
400 Summit Street, Joliet, IL, 60435 Listing by Stacie McGlone

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jennifer Viano, Town Center Realty LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12217135
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 1816 Alma Drive built and last sold?
The property at 1816 Alma Drive was built in and last sold on Sep 8, 1995 for $88,000.
How much is this home worth?
The estimated value of the home located at 1816 Alma Drive is $218,498.
What are some comparable homes to 1816 Alma Drive?
There are currently no comparable homes to 1816 Alma Drive.
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