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Joliet 60586 Cumberland
1924 Great Falls Drive
$381,000
● House - Off Market

1924 Great Falls Drive

Plainfield, IL 60586
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,645 Ft²
$2,238
Est. Monthly
6.79%
Cap Rate

About This Property

Great home
Unit Size
1,645 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$213
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
2001

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 165
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,307
  • Total Building Area: 1,645
  • Building Area: 1,645
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,645
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CUMBERLAND
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 425 IN CUMBERLAND SUB UNIT 9, A SUB OF PRT OF FRACTIONAL SEC 31, T36N R9E.

Neighborhood

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

Geography

  • Parcel: 06-03-31-303-002
  • Lot: 425
  • Meridian: SEC 31 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.557
  • Longitude: -88.252

    Address

  • Full Address: 1924 Great Falls Dr
  • Legal Unit: 9
  • Address - House Number: 1924
  • Address - Street Name: Great Falls
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R003
  • 4-Digit Zip Code: 5518
  • Zip Code: 60586

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $575,470
  • Tax Rate Code Area: 0606

    Appraisal Valuation

  • Standard Deviation: 0.0883
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 92
  • Final Value: 179,193
  • High Value: 195,028
  • Low Value: 163,358

    Market Valuation

  • Market Total Value: $237,849
  • Market Land Value: $53,391
  • Market Improvement Value: $184,458

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,283
  • Assessed Land Value: $17,797
  • Assessed Improvements Value: $61,486

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 19, 2012
  • Current Sale Recording Date: Mar 20, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: R2012030389
  • Previous Sale Recording Date: May 16, 2001
  • Previous Sale Contract Date: May 11, 2001
  • Previous Sale Amount: $158,000
  • Previous Sale Document Type: 20
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:

$419,950

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2255 ft²

Average Home Age

3.4 years

Currently For Sale

7 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: Daniel Firks, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12340222
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 1924 Great Falls Drive built and last sold?
The property at 1924 Great Falls Drive was built in 2001 and last sold on Mar 19, 2012 for $240,123.
How much is this home worth?
The estimated value of the home located at 1924 Great Falls Drive is $0.
What are some comparable homes to 1924 Great Falls Drive?
There are currently no comparable homes to 1924 Great Falls Drive.
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