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Joliet 60436 Reedwood
409 Park Drive
$130,000
● House - Off Market

409 Park Drive

Joliet, IL 60436
bedrooms
1 Bed
bathrooms
1 Bath
square feet
700 Ft²
$744
Est. Monthly
15.38%
Cap Rate

About This Property

Are you still renting?? Are you an investor? Are you a first time home buyer? If any of these are YOU- then you need to run to see this home!! It needs your personal touch but it had SO MUCH POTENTIAL!  Roof done in 2016, new siding on the 1.5 car garage in 2016. Home has central air, full basement and fully fenced back yard.
Unit Size
700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1927

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • 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: 4
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,531
  • Total Building Area: 688
  • Building Area: 688
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 688
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST PARK ADDITION
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 179 IN WEST PARK ADDN TO JOLIET, BEING A SUB OF OF PRT OF THE W1/2 OF THE SE1/4 SEC 17, T35N-R10E.

Neighborhood

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

Geography

  • Parcel: 30-07-17-401-018
  • Lot: 179
  • Meridian: SEC 17 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5149
  • Longitude: -88.108

    Address

  • Full Address: 409 Park Dr
  • Address - House Number: 409
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C085
  • 4-Digit Zip Code: 2046
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $176,538
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 146,721
  • High Value: 172,520
  • Low Value: 120,921

    Market Valuation

  • Market Total Value: $109,608
  • Market Land Value: $27,567
  • Market Improvement Value: $82,041

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,536
  • Assessed Land Value: $9,189
  • Assessed Improvements Value: $27,347

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2018
  • Current Sale Recording Date: Oct 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018069338
  • Previous Sale Recording Date: Jun 03, 1998
  • Previous Sale Contract Date: May 22, 1998
  • Previous Sale Amount: $75,000
  • 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 Reedwood

Stats & Trends

Median Asking:

$249,999

Sale Price/ft²

$197

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1648 ft²

Average Home Age

82.8 years

Currently For Sale

5 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 121 Davis Avenue, Rockdale, IL, 60436

$1,895 /mo

  • 3 Beds
  • 1 Bath
  • 1,196 ft²
121 Davis Avenue #1, Rockdale, IL, 60436 Listing by Joseph Diaz
Unit for rent at 719 Taylor Street, Joliet, IL, 60435

$2,125 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
719 Taylor Street #UPPER, Joliet, IL, 60435 Listing by Joseph Diaz

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Amy Hoover, Re/Max Ultimate Professionals
Data Source: MRED, MLS# MRD12309043
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 409 Park Drive built and last sold?
The property at 409 Park Drive was built in 1927 and last sold on Sep 25, 2018 for $75,000.
How much is this home worth?
The estimated value of the home located at 409 Park Drive is $0.
What are some comparable homes to 409 Park Drive?
There are currently no comparable homes to 409 Park Drive.
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