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Joliet 60435
3612 Timberlake Drive
$222,000
● House - Off Market

3612 Timberlake Drive

JOLIET, IL 60435
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,637 Ft²
$366,103
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Move-In READY Glenwood Model!! Well-Maintained 13 Year Young 3 Bedroom, 2 1/2 Bath!! Lovely Gas-starter/Gas Log Ceramic Fireplace With Oak Mantle In Family Room!! Master Bedroom Bath Has Whirlpool Tub And Separate Shower!!  Brand-New 3 Ton Air Conditioner Compressor with 10 year Limited Warranty!!  New Sump Pump Too!!  Large Unfinished Basement Awaits The New Owner's Finishing Touches.
Unit Size
1,637 Ft²
Days on Market
-
Land Size
-
Price per sqft
$140
Property Type
House
Property Taxes
$486
HOA Dues
$9
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 #09695365)

Price History

Date / Event Date Event Price
Sep 29, 2017 Sold
Premium
Sold
Jul 18, 2017 Listed by Coldwell Banker The Real Estate Group $229,900
Listed by Coldwell Banker The Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,605
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,651
  • Building Area: 1,651
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,651
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MIDWEST DEVELOPMENTS OLD RENWICK TRAIL
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 232 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: 06-03-24-209-010
  • Lot: 232
  • Meridian: SEC 24 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5886
  • Longitude: -88.1499

    Address

  • Full Address: 3612 Timberlake Dr
  • Legal Unit: 2
  • Address - House Number: 3612
  • Address - Street Name: Timberlake
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R028
  • 4-Digit Zip Code: 9214
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $694,666
  • Tax Rate Code Area: 0606

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 331,438
  • High Value: 384,690
  • Low Value: 278,185

    Market Valuation

  • Market Total Value: $265,386
  • Market Land Value: $63,879
  • Market Improvement Value: $201,507

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,462
  • Assessed Land Value: $21,293
  • Assessed Improvements Value: $67,169

    Sales

  • Current Sale Contract Date: Sep 18, 2017
  • Current Sale Recording Date: Oct 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017079375
  • Previous Sale Recording Date: Jan 17, 2008
  • Previous Sale Contract Date: Dec 18, 2007
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

1844 ft²

Average Home Age

42.7 years

Currently For Sale

258 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 1705 Ramsey Drive, Romeoville, IL, 60446

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,668 ft²
1705 Ramsey Drive #1, Romeoville, IL, 60446 Listing by Nader Shahat
Unit for rent at 1467 Berta Drive, Crest Hill, IL, 60403

$2,375 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
1467 Berta Drive, Crest Hill, IL, 60403 Listing by William Neuman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Coldwell Banker The Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 09695365
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 3612 Timberlake Drive built and last sold?
The property at 3612 Timberlake Drive was built in 2004 and last sold on Sep 18, 2017 for $222,000.
How much is this home worth?
The estimated value of the home located at 3612 Timberlake Drive is $0.
What are some comparable homes to 3612 Timberlake Drive?
There are currently no comparable homes to 3612 Timberlake Drive.
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