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Joliet 60432
2437 Timber Springs Drive
$297,000
● House - Off Market

2437 Timber Springs Drive

Joliet, IL 60432
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$1,939
Est. Monthly
$16
HOA / Fees
8.58%
Cap Rate

About This Property

Don't miss this well-maintained 3-bedroom, 2-bathroom duplex, offering a walkout lower level, an attached 2-car garage, and a fantastic location near I-355*in the highly rated New Lenox school district (K-8th)!  Features: Freshly Painted Interior (2019) - Modern and neutral tones throughout. Updated Lighting (2019)- Can lighting & track lighting for a bright, contemporary feel. Stylish Vinyl Flooring (2022) - Durable and low maintenance. Updated Appliances - Refrigerator (2019), Washer/Dryer (2020), Dishwasher (2021), Stove & Microwave (2023).  **Walkout Lower Level** - Ideal for additional living space, a home office, or entertainment. Located in a prime area with easy access to highways, shopping, and dining, this home is move-in ready and won't last long.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$184
Property Type
House
Property Taxes
$475
HOA Dues
$16
Year Built
-

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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.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,658
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEUFAIRFIELD UNIT 2 AREAS 2 & 3
  • Land Acres: 0000000080
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 430 AREA 2 IN NEUFAIRFIELD UNIT 2 - AREAS 2 3, A PUD OF PART OF THE SW1/4 OF SEC. 6, T35N-R11E.

Neighborhood

  • School District Name: New Lenox School District 122
  • Census Tract: 881108

Geography

  • Parcel: 15-08-06-304-007
  • Lot: 430
  • Meridian: SEC 06 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5434
  • Longitude: -88.0224

    Address

  • Full Address: 2437 Timber Springs Dr
  • Legal Unit: 2
  • Address - House Number: 2437
  • Address - Street Name: Timber Springs
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R030
  • 4-Digit Zip Code: 0782
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $545,274
  • Tax Rate Code Area: 1531

    Appraisal Valuation

  • Standard Deviation: 0.1578
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 257,909
  • High Value: 298,609
  • Low Value: 217,210

    Market Valuation

  • Market Total Value: $196,392
  • Market Land Value: $36,171
  • Market Improvement Value: $160,221

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,464
  • Assessed Land Value: $12,057
  • Assessed Improvements Value: $53,407

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2018
  • Current Sale Recording Date: Nov 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018077364
  • Previous Sale Recording Date: Oct 10, 2006
  • Previous Sale Contract Date: Sep 29, 2006
  • Previous Sale Amount: $184,000
  • 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 Joliet

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1860 ft²

Average Home Age

43.3 years

Currently For Sale

281 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: Rachael Gish, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12307772
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 2437 Timber Springs Drive built and last sold?
The property at 2437 Timber Springs Drive was built in and last sold on Oct 25, 2018 for $172,000.
How much is this home worth?
The estimated value of the home located at 2437 Timber Springs Drive is $0.
What are some comparable homes to 2437 Timber Springs Drive?
There are currently no comparable homes to 2437 Timber Springs Drive.
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