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Preston Heights 60433
213 Redbud Drive
$340,000
● House - Off Market

213 Redbud Drive

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,300 Ft²
$2,124
Est. Monthly
7.26%
Cap Rate
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$254
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

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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: 1959
  • Effective Year Built: 1959
  • 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: 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: 484
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,876
  • Total Building Area: 1,784
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAWTHORNE HILLS SUB
  • Land Acres: 0000000410
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THE E 10 FT OF LOT 83 LOT 84, IN HAWTHORNE HILLS SUB, BEING A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC. 22, T35N-R10E

Neighborhood

  • School District Name: Laraway Community Consolidated School District 70C
  • Census Tract: 883100

Geography

  • Parcel: 30-07-22-307-019
  • Lot: 83
  • Meridian: SEC 22 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.4967
  • Longitude: -88.0743

    Address

  • Full Address: 213 Redbud Dr
  • Address - House Number: 213
  • Address - Street Name: Redbud
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C042
  • 4-Digit Zip Code: 2928
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $520,744
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 78
  • Final Value: 268,971
  • High Value: 315,002
  • Low Value: 222,940

    Market Valuation

  • Market Total Value: $203,529
  • Market Land Value: $36,288
  • Market Improvement Value: $167,241

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,843
  • Assessed Land Value: $12,096
  • Assessed Improvements Value: $55,747

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 14, 2016
  • Current Sale Recording Date: Jul 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: R2016056514
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 Preston Heights

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$211

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2048 ft²

Average Home Age

51.8 years

Currently For Sale

8 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

Rentals Near You

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MRED

Listed by: Micah Kirstein, john greene, Realtor
Data Source: MRED, MLS# MRD12449319
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 213 Redbud Drive built and last sold?
The property at 213 Redbud Drive was built in 1959 and last sold on Jul 14, 2016 for $50,000.
How much is this home worth?
The estimated value of the home located at 213 Redbud Drive is $0.
What are some comparable homes to 213 Redbud Drive?
There are currently no comparable homes to 213 Redbud Drive.
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