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Will 60436
503 Seneca Street
$133,000
● House - Off Market

503 Seneca Street

Joliet, IL 60436
bedrooms
3 Beds
bathrooms
1 Bath
$152,576
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Why rent when you can own for less. This is an extremely affordable home that is updated and move in ready! With 3 bedrooms 1 full bathroom this spacious ranch has a nice kitchen with stainless steel appliances. Large fenced backyard. Great location close to interstate.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
1959

Payment Calculator

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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 #11261726)

Price History

Date / Event Date Event Price
Feb 8, 2022 Sold
Premium
Sold
Nov 3, 2021 Listed by Foundation Real Estate Co. $144,900
Listed by Foundation Real Estate Co.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • 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: 8
  • Basement Area: 904
  • Garage Type: 4
  • Garage Square Area: 352
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,377
  • Total Building Area: 1,808
  • Building Area: 904
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 904
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILLCREST
  • Land Acres: 0000000170
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 19 BLOCK 4 IN HILLCREST SUB, BEING A SUB OF PRT OF THE E1/2 OF THE SW1/4 OF SEC. 21, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 883100

Geography

  • Parcel: 30-07-21-322-022
  • Block: 4
  • Lot: 19
  • Meridian: SEC 21 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.4961
  • Longitude: -88.0926

    Address

  • Full Address: 503 Seneca St
  • Address - House Number: 503
  • Address - Street Name: Seneca
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C082
  • 4-Digit Zip Code: 3024
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $198,802
  • Tax Rate Code Area: 3042

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 122,624
  • High Value: 144,187
  • Low Value: 101,062

    Market Valuation

  • Market Total Value: $64,743
  • Market Land Value: $10,077
  • Market Improvement Value: $54,666

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,581
  • Assessed Land Value: $3,359
  • Assessed Improvements Value: $18,222

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Feb 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16752
  • Previous Sale Recording Date: Feb 23, 2022
  • Previous Sale Contract Date: Oct 29, 2021
  • Previous Sale Amount: $108,000
  • 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 Will

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2343 ft²

Average Home Age

33.7 years

Currently For Sale

1510 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 1320 Kinsey Avenue, Joliet, IL, 60436

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
1320 Kinsey Avenue, Joliet, IL, 60436 Listing by Jonathan Denny

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Aaron Westerfield, Foundation Real Estate Co.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11261726
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 503 Seneca Street built and last sold?
The property at 503 Seneca Street was built in 1959 and last sold on Feb 4, 2022 for $133,000.
How much is this home worth?
The estimated value of the home located at 503 Seneca Street is $0.
What are some comparable homes to 503 Seneca Street?
There are currently no comparable homes to 503 Seneca Street.
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