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Joliet 60435
3816 Cherry Tree Lane
$349,900
● House - Off Market

3816 Cherry Tree Lane

Joliet, IL 60435
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,268 Ft²
$354,695
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

VERY BRIGHT HOUSE IN A QUIET NEIGHBORHOOD. LOTS OF BIG WINDOWS WITH PLENTY OF NATURAL LIGHT. KITCHEN WITH PANTRY AND IS OPEN TO DINE IN AND FAMILY ROOM. MASTER BEDROOM HAS CATHEDRAL CEILINGS, BIG WALK IN CLOSET AND FULL BATHROOM. BIG SIZE BEDROOMS. PLAINFIELD SCHOOLS. CLOSE TO SHOPPING, RESTAURANTS, I-55.
Unit Size
2,268 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
House
Property Taxes
$510
HOA Dues
$29
Year Built
2006

Payment Calculator

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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 #11332759)

Price History

Date / Event Date Event Price
Apr 8, 2022 Sold
Premium
Sold
Feb 25, 2022 Listed by Negotiable Realty Services, In $349,900
Listed by Negotiable Realty Services, In

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,104
  • Total Building Area: 2,268
  • Building Area: 2,268
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,268
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMBRIDGE RUN UNIT THREE
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 210 IN CAMBRIDGE RUN UNIT THREE, BEING A SUB OF PRT OF THE NE1/4 OF SEC. 24,T36N-R9E.

Neighborhood

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

Geography

  • Parcel: 06-03-24-219-004
  • Lot: 210
  • Meridian: SEC 24 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5916
  • Longitude: -88.145

    Address

  • Full Address: 3816 Cherry Tree Ln
  • Legal Unit: 3
  • Address - House Number: 3816
  • Address - Street Name: Cherry Tree
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Joliet
  • Carrier Code: R028
  • 4-Digit Zip Code: 9051
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $655,528
  • Tax Rate Code Area: 0606

    Appraisal Valuation

  • Standard Deviation: 0.1577
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 361,190
  • High Value: 418,178
  • Low Value: 304,202

    Market Valuation

  • Market Total Value: $268,434
  • Market Land Value: $63,879
  • Market Improvement Value: $204,555

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,478
  • Assessed Land Value: $21,293
  • Assessed Improvements Value: $68,185

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 04, 2022
  • Current Sale Recording Date: Apr 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34168
  • Previous Sale Recording Date: May 05, 2006
  • Previous Sale Contract Date: Apr 06, 2006
  • Previous Sale Amount: $266,500
  • 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

1845 ft²

Average Home Age

43.8 years

Currently For Sale

271 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: Inga Jurevicius, Negotiable Realty Services, In
Last Updated: 3 years ago
Data Source: MRED, MLS# 11332759
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 3816 Cherry Tree Lane built and last sold?
The property at 3816 Cherry Tree Lane was built in 2006 and last sold on Apr 4, 2022 for $349,900.
How much is this home worth?
The estimated value of the home located at 3816 Cherry Tree Lane is $0.
What are some comparable homes to 3816 Cherry Tree Lane?
There are currently no comparable homes to 3816 Cherry Tree Lane.
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