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Mazon 60444
501 Joann Street
$189,500
● House - Off Market

501 Joann Street

Mazon, IL 60444
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,704 Ft²
$202,698
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Updated 4 bedroom, 1.5 bath ranch home on double lot.  Wonderful large living room with gas fireplace.  Stainless steel appliances, purchased in 2016 stay, along with washer and dryer which were purchased in 2019. 1/2 bathroom renovated in 2020.  Whole house fan. Ample closet and storage space.  Screened in back porch. Above ground pool. 2.5 detached garage, with metal workbench that stays and new joists and all LED lighting.  An additional 1 car detached heated garage is located near the pool and has a screen for the large door.  Both garages have separate 220 electrical lines.  Large fenced in backyard with firepit. Fence new in 2020. This is a great house with a great yard!
Unit Size
1,704 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$113
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1972

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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.

Last updated: 3 years ago (MRED MLS #11274587)

Price History

Date / Event Date Event Price
Feb 2, 2022 Sold
Premium
Sold
Nov 20, 2021 Listed by Joan Bullard Realty $192,500
Listed by Joan Bullard Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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 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: 17,424
  • Total Building Area: 1,704
  • Gross Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENDERSONS FIRST ADDITION
  • Land Acres: 0000000400
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HENDERSONS 1ST ADD LT 6 & N44.66' LT 1 HENDERSONS 2ND ADD SEC 21-32-7

Neighborhood

  • School District Name: Seneca Township High School District 160
  • Census Tract: 000600

Geography

  • District: 11
  • Parcel: 08-21-127-011
  • Lot: 1,6
  • Meridian: SEC 21 TWN 32N RNG 07W
  • Municipality: MAZON TOWNSHIP
  • Latitude: 41.237
  • Longitude: -88.433

    Address

  • Full Address: 501 Joann St
  • Address - House Number: 501
  • Address - Street Name: Joann
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mazon
  • Carrier Code: R777
  • 4-Digit Zip Code: 3658
  • Zip Code: 60444

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $501,354
  • Tax Rate Code Area: 11001

    Appraisal Valuation

  • Standard Deviation: 0.2068
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 72
  • Final Value: 216,324
  • High Value: 261,077
  • Low Value: 171,572

    Market Valuation

  • Market Total Value: $165,000
  • Market Land Value: $18,030
  • Market Improvement Value: $146,970

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,000
  • Assessed Land Value: $6,010
  • Assessed Improvements Value: $48,990

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 29, 2022
  • Current Sale Recording Date: Feb 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 611083
  • Previous Sale Recording Date: Aug 10, 2020
  • Previous Sale Contract Date: Jul 01, 2020
  • Previous Sale Amount: $169,000
  • Previous Sale Document Type: 71
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 Mazon

Stats & Trends

Median Asking:

$204,950

Sale Price/ft²

$175

Above Asking

0.00%

Average Days on Market

38

Average Home Size

1553 ft²

Average Home Age

94.7 years

Currently For Sale

3 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: Kasey Strachan, Joan Bullard Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11274587
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 Joann Street built and last sold?
The property at 501 Joann Street was built in 1972 and last sold on Jan 29, 2022 for $189,500.
How much is this home worth?
The estimated value of the home located at 501 Joann Street is $0.
What are some comparable homes to 501 Joann Street?
There are currently no comparable homes to 501 Joann Street.
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