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Ingalls Park 60433
418 Ray May Drive
$232,000
● House - Off Market

418 Ray May Drive

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,098 Ft²
$1,412
Est. Monthly

About This Property

Beautifully Updated 3-Bedroom Home - Perfect for a Starter Family!  Welcome to this charming 3-bedroom, 1-bath home that's been fully updated and move-in ready. Step inside to find brand-new flooring, new windows, and a fresh, modern feel throughout. The new septic system adds peace of mind and long-term value.Enjoy a spacious and well-maintained backyard, perfect for relaxing, entertaining, or creating the ideal play area for kids. This home offers an unbeatable combination of comfort, quality, and affordability - all at a great price.Whether you're a first-time buyer or looking for a cozy place to grow, this property is an excellent choice for a starting family.
Unit Size
1,098 Ft²
Days on Market
-
Land Size
-
Price per sqft
$209
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 1957
  • Effective Year Built: 1957
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,098
  • Garage Type: 1
  • Garage Square Area: 176
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,600
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,372
  • Building Area: 1,098
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,098
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAYMAY
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 19 IN RAYMAY SUB FIRST ADDITION, BEING A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC. 13, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882300

Geography

  • Parcel: 30-07-13-310-010
  • Lot: 19
  • Meridian: SEC 13 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5162
  • Longitude: -88.0369

    Address

  • Full Address: 418 Ray May Dr
  • Address - House Number: 418
  • Address - Street Name: Ray May
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C056
  • 4-Digit Zip Code: 2148
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $312,386
  • Tax Rate Code Area: 3012

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 169,958
  • High Value: 194,087
  • Low Value: 145,829

    Market Valuation

  • Market Total Value: $119,733
  • Market Land Value: $22,845
  • Market Improvement Value: $96,888

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,911
  • Assessed Land Value: $7,615
  • Assessed Improvements Value: $32,296

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 29, 2018
  • Current Sale Recording Date: Dec 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2018085362
  • Previous Sale Recording Date: Jan 05, 2015
  • Previous Sale Contract Date: Nov 12, 2014
  • Previous Sale Amount: $44,900
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Ingalls Park

Stats & Trends

Median Asking:

$218,000

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

52

Average Home Size

918 ft²

Average Home Age

90.2 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 2515 E Cass Street, Joliet, IL, 60432

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
2515 E Cass Street #1A, Joliet, IL, 60432 Listing by Debbie Andrews

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Alma (Coral) Ortega, Casa Moderna Real Estate
Data Source: MRED, MLS# MRD12530722
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 418 Ray May Drive built and last sold?
The property at 418 Ray May Drive was built in 1957 and last sold on Nov 29, 2018 for $66,835.
How much is this home worth?
The estimated value of the home located at 418 Ray May Drive is $230,809.
What are some comparable homes to 418 Ray May Drive?
There are currently no comparable homes to 418 Ray May Drive.
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