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Ingalls Park 60433
306 PEALE Street
$205,500
● House - Off Market

306 PEALE Street

Joliet, IL 60433
bedrooms
2 Beds
bathrooms
1 Bath
square feet
988 Ft²
$208,008
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Well cared for adorable all brick bungalow in Ingalls Park. This 2-bed home has been fully remodeled with top-of-the-line finishes! Gorgeous kitchen with granite counters and tile backsplash! Beautiful floors! Updated bathroom! Large usable basement with a big partially finished bonus room! Big garage and a pristine backyard make up this adorable home! So many improvements! New roof in 2017, new windows 2015, updated electrical throughout the home in 2015, new water heater 2021, concrete patio 2021, plus a new pool in 2019!
Unit Size
988 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$202
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1927

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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 #11491579)

Price History

Date / Event Date Event Price
Sep 16, 2022 Sold
Premium
Sold
Aug 14, 2022 Listed by Coldwell Banker Real Estate Group $200,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,874
  • Total Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELM HIGHLANDS
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 56 IN ELM HIGHLANDS, A SUB OF W 1267 FT OF LOT 29 IN RICHARD J BARR'S SUB, OF THE W1/2 OF THE NW1/4 OF SEC 13, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882300

Geography

  • Parcel: 30-07-13-126-004
  • Lot: 29
  • Meridian: SEC 13 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5188
  • Longitude: -88.0402

    Address

  • Full Address: 306 Peale St
  • Address - House Number: 306
  • Address - Street Name: Peale
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C061
  • 4-Digit Zip Code: 2140
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $298,526
  • Tax Rate Code Area: 3017

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 162,150
  • High Value: 185,170
  • Low Value: 139,130

    Market Valuation

  • Market Total Value: $113,631
  • Market Land Value: $17,724
  • Market Improvement Value: $95,907

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,877
  • Assessed Land Value: $5,908
  • Assessed Improvements Value: $31,969

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 12, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 69567
  • Previous Sale Recording Date: Mar 18, 2015
  • Previous Sale Contract Date: Mar 10, 2015
  • Previous Sale Amount: $33,600
  • Previous Sale Document Type: 68
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 Ingalls Park

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

52

Average Home Size

914 ft²

Average Home Age

95.3 years

Currently For Sale

4 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: Jen Waldvogel, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11491579
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 306 Peale Street built and last sold?
The property at 306 Peale Street was built in 1927 and last sold on Sep 12, 2022 for $205,500.
How much is this home worth?
The estimated value of the home located at 306 Peale Street is $0.
What are some comparable homes to 306 Peale Street?
There are currently no comparable homes to 306 Peale Street.
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