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Joliet 60432 Highland
2202 Mulberry Road
$275,000
● House - Off Market

2202 Mulberry Road

Joliet, IL 60432
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,190 Ft²
$300,828
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

3 bedroom, 3 bathroom home accompanied by large deck with outdoor speakers. Big Fenced-In Yard! Large Eat-In Kitchen with Island and Stainless Steel Appliances! Canned lighting in kitchen and living room! Basement has Built-In Speakers with Extra Built-In Heater to get Super Cozy! Playset & Trampoline stay if desired! Perfect Home for Entertaining or Enjoying a night out in your backyard! Mins from Highways! 40 Mins from Downtown Chicago. 10 Mins from Metra! Scenic View Overlooking Pond!
Unit Size
2,190 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$121
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
2002

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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: 3 years ago (MRED MLS #11094099)

Price History

Date / Event Date Event Price
Sep 3, 2021 Sold
Premium
Sold
May 20, 2021 Listed by RE/MAX of Naperville $265,000
Listed by RE/MAX of Naperville

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 490
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,694
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,190
  • Building Area: 1,700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,700
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK HILL
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 42 IN 7TH ADDITION TO PARK HILL SUB UNIT TWO, A SUB OF PRT OF THE SE1/4 OF SEC 1, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881202

Geography

  • Parcel: 30-07-01-407-004
  • Lot: 42
  • Meridian: SEC 01 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5408
  • Longitude: -88.0281

    Address

  • Full Address: 2202 Mulberry Rd
  • Legal Unit: 2
  • Address - House Number: 2202
  • Address - Street Name: Mulberry
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C070
  • 4-Digit Zip Code: 1520
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $583,440
  • Tax Rate Code Area: 3062

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 267,738
  • High Value: 310,843
  • Low Value: 224,632

    Market Valuation

  • Market Total Value: $203,199
  • Market Land Value: $19,155
  • Market Improvement Value: $184,044

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,733
  • Assessed Land Value: $6,385
  • Assessed Improvements Value: $61,348

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 03, 2021
  • Current Sale Recording Date: Oct 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021114234
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 Highland

Stats & Trends

Median Asking:

$342,000

Sale Price/ft²

$192

Below Asking

0.01%

Average Days on Market

111

Average Home Size

1776 ft²

Average Home Age

45.3 years

Currently For Sale

0 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 2515 E Cass Street, Joliet, IL, 60432

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
2515 E Cass Street #1A, Joliet, IL, 60432 Listing by Debbie Andrews

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lola Jefferson, RE/MAX of Naperville
Last Updated: 3 years ago
Data Source: MRED, MLS# 11094099
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 2202 Mulberry Road built and last sold?
The property at 2202 Mulberry Road was built in 2002 and last sold on Sep 3, 2021 for $275,000.
How much is this home worth?
The estimated value of the home located at 2202 Mulberry Road is $267,650.
What are some comparable homes to 2202 Mulberry Road?
There are currently no comparable homes to 2202 Mulberry Road.
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