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Joliet 60435
501 W Bevan Drive
$281,000
● House - Off Market

501 W Bevan Drive

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,490 Ft²
$1,798
Est. Monthly
9.53%
Cap Rate

About This Property

Well maintained Bedford stone and frame 3 bedroom 1.1 bath ranch with loads of potential.  Many newer windows, furnace and a/c regularly maintained, hardwood under bedroom carpets and so clean! Kitchen has custom cabinets with rollouts, built ins, and 2 pantry cabinets. Unfinished basement has limitless potential.  2 car garage, patio, large back yard, no hoa.
Unit Size
1,490 Ft²
Days on Market
-
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1958

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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 #12040068)

Price History

Date / Event Date Event Price
May 29, 2024 Sold
Premium
Sold
Apr 27, 2024 Listed by Crosstown REALTORS Inc $265,000
Listed by Crosstown REALTORS Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,028
  • Total Building Area: 1,974
  • Building Area: 1,490
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,490
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEVAN ACRES
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 79 IN BEVAN ACRES UNIT 2, BEING A SUB PRT OF THE E1/2 OF THE NW1/4 OF SEC 7, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881601

Geography

  • Parcel: 30-07-07-125-021
  • Lot: 79
  • Meridian: SEC 07 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5317
  • Longitude: -88.1339

    Address

  • Full Address: 501 Bevan Dr W
  • Legal Unit: 2
  • Address - House Number: 501
  • Street Segment Direction: W
  • Address - Street Name: Bevan
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C068
  • 4-Digit Zip Code: 5616
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $589,264
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 263,272
  • High Value: 300,648
  • Low Value: 225,895

    Market Valuation

  • Market Total Value: $224,421
  • Market Land Value: $52,416
  • Market Improvement Value: $172,005

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,807
  • Assessed Land Value: $17,472
  • Assessed Improvements Value: $57,335

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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

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MRED

Listed by: Karen Robertson, Crosstown REALTORS Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12040068
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 501 Bevan Drive West built and last sold?
The property at 501 Bevan Drive West was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 501 Bevan Drive West is $0.
What are some comparable homes to 501 Bevan Drive West?
There are currently no comparable homes to 501 Bevan Drive West.
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