Check Availability

316 South Reedwood Drive

316 South Reedwood Drive, Joliet, IL 60436
Property in Reedwood
Sold Sep 14, 2016
$75,100
$67,590 by Old Second National Bank
Mortgage Due Sep 01, 2046
Sold Oct 28, 2015
Transfer
Local assessors in Joliet, IL have categorized 316 South Reedwood Drive as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 12,800 square feet. The linear feet between the front and back of the lot was measured at 1,280 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There is a single bedroom in the home. For more details, please view your local government regulations on what counts as a legal bedroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 316 South Reedwood Drive has a total of 856 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 220 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Aug 1, 2016 for $75,100. That's $69.80 per sqft. 316 South Reedwood Drive was last assessed in 2022. The total value of the property was assessed at $49,223. Specifically, the land the property is located on was valued at $16,798. While improvements on the property were assessed at a total of $32,425. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,992. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 4
  • Bedroom Count: 1
  • Construction Type: Masonry
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 220
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 12,800
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,076
  • Building Area: 856
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 856
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: REED WOOD
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 57 58 IN REED WOOD, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC. 17, T35N-R10E.

Ownership

  • Current Owner : CASTELLANOS NESTOR A
  • Previous Owner : FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Owner Before Previous Owner: WERNER EDNA
  • Owner Before Previous Owner 2: NATIONSTAR MORTGAGE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882601

Geography

  • Parcel: 30-07-17-111-010
  • Lot: 57-58
  • Meridian: SEC 17 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5164
  • Longitude: -88.1122

    Address

  • Full Address: 316 S Reedwood Dr
  • Address - House Number: 316
  • Street Direction: S
  • Address - Street Name: Reedwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C050
  • 4-Digit Zip Code: 1461
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,992
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 172,024
  • High Value: 202,273
  • Low Value: 141,776

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $67,590
  • First Open Lien Mortgage Lender: OLD SECOND NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Sep 14, 2016
  • First Open Lien Mortgage Loan Amount: $67,590
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2046

    Market Valuation

  • Market Total Value: $147,669
  • Market Land Value: $50,394
  • Market Improvement Value: $97,275

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,223
  • Assessed Land Value: $16,798
  • Assessed Improvements Value: $32,425

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 01, 2016
  • Current Sale Recording Date: Sep 14, 2016
  • Current Sale Transaction ID: 1765166879
  • Current Sale Price: $75,100
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: R2016071414
  • Previous Sale Recording Date: Oct 28, 2015
  • Previous Sale Contract Date: Oct 14, 2015
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: OLD SECOND NATIONAL BANK
  • First Mortgage Transaction Date: Sep 14, 2016
  • First Mortgage Loan Amount: $67,590
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2046

About Reedwood



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 926 Fisk Avenue, Joliet, IL, 60436

$2,195 /mo

  • 4 Beds
  • 1.5 Baths
  • 1,500 ft²
926 Fisk Avenue #LOWER, Joliet, IL, 60436 Listing by AnnMarie Siriano

Frequently Asked Questions

What neighborhood is 316 South Reedwood Drive located in?
The 316 South Reedwood Drive is a located in the neighborhood of Reedwood in Reedwood, Joliet.
What is the average sales price for listings in 316 South Reedwood Drive?
The average sales price for units in 316 South Reedwood Drive is $0 currently.

Quantcast