404 South Reed Street

404 South Reed Street in Joliet, IL was first built in 1961 and is 63 years old. This has been categorized as a residential property type. It is a single story home. 404 South Reed Street has 2,128 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,995 square feet.

Learn more about the property and building on this page. For those who need parking, there is a detached garage. The garage is 396 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 404 South Reed Street sold most recently in Jan 31, 1997 for a total of $105,000. If you work out the math, that's approximately a cost of $49.34 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,058 in taxes each year. 404 South Reed Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $54,943. If we break it down further, the land itself was valued at $9,058. Improvements to the property, however, were assessed at a total of $45,885. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.