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Joliet 60586 Cumberland
2309 Gustave Lane
$300,000
● House - Off Market

2309 Gustave Lane

Plainfield, IL 60586
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,264 Ft²
$305,258
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

MULTIPLE OFFERS RECEIVED HIGHEST AND BEST BY 11:30AM JANUARY 20, 2022! Rare Find! Pristine Updated Ranch Home! Get ready to fall in Love! 4 bedrooms! 3 Full Bathrooms! Great room will greet you with valuted ceiling and fireplace! Large eat in kitchen offers stainless steel appliances, backsplash, loads of cabinets! Hardwood floors! Ceiling fans! Master bathroom features trey ceiling, walk in closet and private bathroom with walk in shower! Full finished basement has huge laundry room, 4th bedroom and full bathroom! Enjoy your outside space on paver patio and fenced yard! Two car attached garage with pull down stairs for additional storage! Windows 2018 with transferrable warranty! Roof 2018! 2014 AC/Furnace! 2021 HWH! Sellers request NO VA or FHA!
Unit Size
1,264 Ft²
Days on Market
-
Land Size
-
Price per sqft
$229
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
2000

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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.

Last updated: 3 years ago (MRED MLS #11306192)

Price History

Date / Event Date Event Price
Feb 22, 2022 Sold
Premium
Sold
Jan 18, 2022 Listed by RE/MAX Ultimate Professionals $289,900
Listed by RE/MAX Ultimate Professionals

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 24
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,264
  • Building Area: 1,264
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,264
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CUMBERLAND UNIT 3
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 36 IN CUMBERLAND SUB UNIT 3, A SUB OF PRT OF THE NW1/4 OF SEC 31, T36N-R9E.

Neighborhood

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

Geography

  • Parcel: 06-03-31-101-020
  • Lot: 36
  • Meridian: SEC 31 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5635
  • Longitude: -88.2555

    Address

  • Full Address: 2309 Gustave Ln
  • Legal Unit: 3
  • Address - House Number: 2309
  • Address - Street Name: Gustave
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R040
  • 4-Digit Zip Code: 7692
  • Zip Code: 60586

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $503,752
  • Tax Rate Code Area: 0606

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 287,197
  • High Value: 334,481
  • Low Value: 239,913

    Market Valuation

  • Market Total Value: $225,450
  • Market Land Value: $53,391
  • Market Improvement Value: $172,059

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,150
  • Assessed Land Value: $17,797
  • Assessed Improvements Value: $57,353

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 15, 2022
  • Current Sale Recording Date: Mar 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19043
  • Previous Sale Recording Date: Jul 20, 2006
  • Previous Sale Contract Date: Jul 14, 2006
  • Previous Sale Amount: $214,000
  • 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 Cumberland

Stats & Trends

Median Asking:

$404,945

Sale Price/ft²

$200

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2232 ft²

Average Home Age

6.1 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

Unit for rent at 8525 Sawyer Court, Joliet, IL, 60431

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,618 ft²
8525 Sawyer Court, Joliet, IL, 60431 Listing by Arthur Prazak

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dawn Dause, RE/MAX Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 11306192
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 2309 Gustave Lane built and last sold?
The property at 2309 Gustave Lane was built in 2000 and last sold on Feb 15, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 2309 Gustave Lane is $0.
What are some comparable homes to 2309 Gustave Lane?
There are currently no comparable homes to 2309 Gustave Lane.
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