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332 South Reed Street

332 South Reed Street, Joliet, IL 60436
House in Reedwood
Sold Sep 13, 2018
$127,500
$121,125 by Guaranteed Rate Inc
Mortgage Due Sep 01, 2048
Sold Jun 12, 2008
$100,000
$112,000 by First Community Bank Of Joliet
Mortgage Due Nov 15, 2008
332 South Reed Street has been categorized by the local assessors in Joliet, IL as a residential type of property. The building on the property was first built in 1953 and is 71 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 332 South Reed Street has 875 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,310 ft and across the front of the lot is 460 ft. The area measurement of the land has been determined as 1,306,800 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 320 sqft. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Aug 31, 2018 for $127,500. That's $145.71 per sqft. Prior to that sales transaction, the property was also sold in May 15, 2008 for $100,000. 332 South Reed Street was last assessed in 2022. The total value of the property was assessed at $46,060. Specifically, the land the property is located on was valued at $9,407. While improvements on the property were assessed at a total of $36,653. 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 $3,700. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1953
  • Effective Year Built: 1953
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,306,800
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 460
  • Total Building Area: 875
  • Building Area: 875
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 875
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WEST PARK ADDITION TO JOLIET
  • Land Acres: 30
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 217 THE S 15.40 FT OF LOT 228 IN WEST PARK ADDN TO JOLIET, BEING A SUB OF PRT OF THE NW1/4 OF THE SE1/4 THE S 30 ACRES

Ownership

  • Current Owner : OLSON RACHEL
  • Previous Owner : PRO SOURCE HOMES LOANS INC
  • Owner Before Previous Owner: RICHMOND TIMOTHY W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Parcel: 30-07-17-222-017
  • Lot: 217
  • Meridian: SEC 17 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5155
  • Longitude: -88.1085

    Address

  • Full Address: 332 S Reed St
  • Address - House Number: 332
  • Street Direction: S
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C085
  • 4-Digit Zip Code: 2051
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,700
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 175,702
  • High Value: 206,597
  • Low Value: 144,806

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $128,625
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Sep 13, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $121,125
  • 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, 2048
  • Second Open Lien Mortgage Lender: UNITED STATES OF AMERICA
  • Second Open Lien Mortgage Recording Date: Sep 13, 2018
  • Second Open Lien Mortgage Loan Amount: $7,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $138,180
  • Market Land Value: $28,221
  • Market Improvement Value: $109,959

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,060
  • Assessed Land Value: $9,407
  • Assessed Improvements Value: $36,653

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2018
  • Current Sale Recording Date: Sep 13, 2018
  • Current Sale Transaction ID: 11506803161
  • Current Sale Price: $127,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2018064515
  • Previous Sale Recording Date: Jun 12, 2008
  • Previous Sale Contract Date: May 15, 2008
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Sep 13, 2018
  • First Mortgage Loan Amount: $121,125
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST COMMUNITY BANK OF JOLIET
  • Previous Mortgage Transaction Date: Jun 12, 2008
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $112,000
  • Previous Mortgage Term: 4
  • Previous Mortgage Loan Type: Credit Line (Revolving)
  • Previous Mortgage Loan Due Date: Nov 15, 2008

About Reedwood



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

$2,095 /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 332 South Reed Street located in?
The 332 South Reed Street is a house located in the neighborhood of Reedwood in Reedwood, Joliet.
What is the average sales price for listings in 332 South Reed Street?
The average sales price for units in 332 South Reed Street is $0 currently.

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