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Joliet 60431
1914 Heather Lane
$310,000
● House - Off Market

1914 Heather Lane

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,365 Ft²
$1,934
Est. Monthly
8.05%
Cap Rate

About This Property

Wonderfully maintained ranch home on a large lot.  This home offers a living room with laminate flooring. A spacious kitchen with breakfast bar, granite countertops and stainless steel appliances.  Off the kitchen is a large eat in dining area that could be a family room.  There are 3 bedrooms and 1.1 baths.   The finished basement offers a large recreation room, storage room with laundry area, sink and shower,  and another storage/work area. Huge yard and large shed.  HVAC (2021) Hot water heater (2021) washer (2021) Generator. Unincorporated Joliet, Plainfield schools. Home is being sold as is.
Unit Size
1,365 Ft²
Days on Market
-
Land Size
-
Price per sqft
$231
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1974

Payment Calculator

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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: 1974
  • Effective Year Built: 1974
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,279
  • Total Building Area: 1,848
  • Building Area: 1,365
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,365
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEATHERWOOD ESTATES UNIT #2
  • Land Acres: 0000000600
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 9 IN HEATHERWOOD ESTATES UNIT 1, BEING A SUB OF PRT OF THE W1/2 OF THE SE1/4 OF SEC 35, T36N-R9E.

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 880414

Geography

  • Parcel: 06-03-35-402-009
  • Lot: 9
  • Meridian: SEC 35 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5563
  • Longitude: -88.168

    Address

  • Full Address: 1914 Heather Ln
  • Legal Unit: 1
  • Address - House Number: 1914
  • Address - Street Name: Heather
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Joliet
  • Carrier Code: C098
  • 4-Digit Zip Code: 1647
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $432,148
  • Tax Rate Code Area: 0604

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 274,963
  • High Value: 313,999
  • Low Value: 235,927

    Market Valuation

  • Market Total Value: $202,461
  • Market Land Value: $58,251
  • Market Improvement Value: $144,210

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,487
  • Assessed Land Value: $19,417
  • Assessed Improvements Value: $48,070

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Joliet

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1879 ft²

Average Home Age

42.2 years

Currently For Sale

277 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 2551 Oak Tree Lane, Plainfield, IL, 60586

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,271 ft²
2551 Oak Tree Lane #2551, Plainfield, IL, 60586 Listing by Miguel Tineo
Unit for rent at 2338 Carnation Drive, Crest Hill, IL, 60403

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 924 ft²
2338 Carnation Drive #1, Crest Hill, IL, 60403 Listing by Jacqueline Dix

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ellen Williams, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12312925
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 1914 Heather Lane built and last sold?
The property at 1914 Heather Lane was built in 1974 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1914 Heather Lane is $0.
What are some comparable homes to 1914 Heather Lane?
There are currently no comparable homes to 1914 Heather Lane.
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