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Will 60432
401 Miami Street
$214,000
● House - Off Market

401 Miami Street

Joliet, IL 60432
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,380 Ft²
$1,075
Est. Monthly
13.88%
Cap Rate

About This Property

THEY DON'T MAKE 'EM LIKE THIS ANYMORE! Welcome home to this spacious ranch lovingly built as a forever home by its owner. From the generous room sizes and custom made solid birch cabinets in the kitchen to the electric radiant heat with thermostats in every room and the oversized attached garage with extra wide driveway you'll love all the thoughtful details that went into this home's construction. There's even a built-in laundry hamper in the full bath! All that on an oversized corner lot with an adjacent wooded area in a quiet neighborhood with easy access to I80 & I355. But wait, there's more! The seller is including a home warranty to give the new homeowner peace of mind. All it needs is your finishing touches to make it truly shine. Don't let this one slip away!
Unit Size
1,380 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$144
Property Type
House
Property Taxes
$97
HOA Dues
-
Year Built
1965

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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 #11923902)

Price History

Date / Event Date Event Price
Dec 26, 2023 Sold
Premium
Sold
Nov 9, 2023 Listed by Wheatland Realty $199,000
Listed by Wheatland Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,927
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND PARKSIDE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 426 (EX THE W 6 FT THOF) (EX THE N 60 FT THOF PER DOC R69-15651) LOTS 427, 428 429 (EX THE N 60 FT OF SD LOTS PER DOC

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882200

Geography

  • Parcel: 30-07-12-130-027
  • Lot: 426,427
  • Meridian: SEC 12 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5324
  • Longitude: -88.0389

    Address

  • Full Address: 401 Miami St
  • Address - House Number: 401
  • Address - Street Name: Miami
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C025
  • 4-Digit Zip Code: 2708
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $116,982
  • Tax Rate Code Area: 3031

    Appraisal Valuation

  • Standard Deviation: 0.0867
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 92
  • Final Value: 197,290
  • High Value: 214,410
  • Low Value: 180,169

    Market Valuation

  • Market Total Value: $137,850
  • Market Land Value: $10,635
  • Market Improvement Value: $127,215

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,950
  • Assessed Land Value: $3,545
  • Assessed Improvements Value: $42,405

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 26, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 67722
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 Will

Stats & Trends

Median Asking:

$389,990

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2352 ft²

Average Home Age

33.6 years

Currently For Sale

1494 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: Marilyn Knotts, Wheatland Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11923902
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 401 Miami Street built and last sold?
The property at 401 Miami Street was built in 1965 and last sold on Dec 26, 2023 for $214,000.
How much is this home worth?
The estimated value of the home located at 401 Miami Street is $0.
What are some comparable homes to 401 Miami Street?
There are currently no comparable homes to 401 Miami Street.
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