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Joliet 60435
2704 Frontier Lane
$365,000
● House - Off Market

2704 Frontier Lane

Joliet, IL 60435
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,150 Ft²
$372,562
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Open and Spacious!  Check out this home in Old Renwick Trail.  Fresh landscaping and front porch are inviting you in.  2 story entry, Bright living room and dining room.  Large family room leading to huge eat in kitchen with island and pantry.  9ft ceilings on the 1st level.  Owner's suite with walk in closet and bathroom with soaker tub and separate shower.  3 other good-sized bedrooms.  2nd floor laundry room. Full basement ready to finish.  Wonderful, shaded back yard is fully fenced with a patio. Plainfield schools.  Located close to parks, highways and shopping.
Unit Size
2,150 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$174
Property Type
House
Property Taxes
$593
HOA Dues
$12
Year Built
2004

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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 #11836094)

Price History

Date / Event Date Event Price
Sep 11, 2023 Sold
Premium
Sold
Jul 18, 2023 Listed by Coldwell Banker Real Estate Group $374,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,535
  • Total Building Area: 2,150
  • Building Area: 2,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIDWEST DEVELOPMENTS OLD RENWICK TRAIL
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 271 IN MIDWEST DEVELOPMENT'S OLD RENWICK TRAIL UNIT TWO-A, A SUB OF PRT OF THE W1/3 OF THE E1/2 OF SEC 24, (EX THE S1/2 S

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 880428

Geography

  • Parcel: 06-03-24-208-024
  • Lot: 271
  • Meridian: SEC 24 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5887
  • Longitude: -88.1511

    Address

  • Full Address: 2704 Frontier Ln
  • Legal Unit: 2
  • Address - House Number: 2704
  • Address - Street Name: Frontier
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Joliet
  • Carrier Code: R020
  • 4-Digit Zip Code: 1583
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $711,566
  • Tax Rate Code Area: 0606

    Appraisal Valuation

  • Standard Deviation: 0.0871
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 92
  • Final Value: 371,153
  • High Value: 403,513
  • Low Value: 338,793

    Market Valuation

  • Market Total Value: $289,842
  • Market Land Value: $63,879
  • Market Improvement Value: $225,963

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $96,614
  • Assessed Land Value: $21,293
  • Assessed Improvements Value: $75,321

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 05, 2023
  • Current Sale Recording Date: Sep 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49331
  • Previous Sale Recording Date: Sep 21, 2016
  • Previous Sale Contract Date: Aug 15, 2016
  • Previous Sale Amount: $234,000
  • 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

1880 ft²

Average Home Age

41.9 years

Currently For Sale

276 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 3800 Amber Court, Plainfield, IL, 60586

$3,250 /mo

  • 5 Beds
  • 2 Baths
  • 2,482 ft²
3800 Amber Court, Plainfield, IL, 60586 Listing by Varun Malhotra
Unit for rent at 16434 Club Court, Crest Hill, IL, 60403

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,675 ft²
16434 Club Court, Crest Hill, IL, 60403 Listing by Mike McCatty

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ellen Williams, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11836094
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 2704 Frontier Lane built and last sold?
The property at 2704 Frontier Lane was built in 2004 and last sold on Sep 5, 2023 for $365,000.
How much is this home worth?
The estimated value of the home located at 2704 Frontier Lane is $0.
What are some comparable homes to 2704 Frontier Lane?
There are currently no comparable homes to 2704 Frontier Lane.
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