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Joliet 60433
503 Whitley Avenue
$173,400
● House - Off Market

503 Whitley Avenue

Joliet, IL 60433
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,500 Ft²
$167,747
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Beautiful and spacious 4-bedroom / 2-bathroom American 4 square home with two enclosed porches and deck, full basement and spacious walk-up large attic ready for additional square footage. Bathrooms completely remodeled, kitchen contains loads of cabinets and stainless appliances. Living room features built in cabinets & fireplace.  New roof (2021). Property listed "As-Is".
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$68
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1910

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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 #11852171)

Price History

Date / Event Date Event Price
Sep 11, 2023 Sold
Premium
Sold
Aug 12, 2023 Listed by RE/MAX Ultimate Professionals $168,800
Listed by RE/MAX Ultimate Professionals
Jun 19, 2020 No longer available -
No longer available
Jun 5, 2020 Relisted $115,000
Relisted
May 21, 2020 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 10
  • Bedroom Count: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 16
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,500
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,792
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J A HENRYS RE
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 11 BLOCK 1 IN J A HENRY'S RE-SUB OF BLKS 2,3,4,9,10 11 IN J A HENRY'S ADDN TO WOODLAND, BEING A SUB OF PRT OF THE W1/2 O

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882400

Geography

  • Parcel: 30-07-15-221-010
  • Block: 1
  • Lot: 11
  • Meridian: SEC 15 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5201
  • Longitude: -88.0682

    Address

  • Full Address: 503 Whitley Ave
  • Address - House Number: 503
  • Address - Street Name: Whitley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C086
  • 4-Digit Zip Code: 1940
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $312,968
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.0903
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 92
  • Final Value: 171,297
  • High Value: 186,772
  • Low Value: 155,822

    Market Valuation

  • Market Total Value: $119,667
  • Market Land Value: $15,315
  • Market Improvement Value: $104,352

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,889
  • Assessed Land Value: $5,105
  • Assessed Improvements Value: $34,784

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 08, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 50815
  • Previous Sale Recording Date: Mar 01, 2021
  • Previous Sale Contract Date: Jan 12, 2021
  • Previous Sale Amount: $131,000
  • 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 Joliet

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1849 ft²

Average Home Age

42.3 years

Currently For Sale

265 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 417 Buell Avenue, Joliet, IL, 60435

$3,300 /mo

  • 5 Beds
  • 2 Baths
  • 2,700 ft²
417 Buell Avenue, Joliet, IL, 60435 Listing by Michelle Carr

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lorne Istre, RE/MAX Ultimate Professionals
Last Updated: 3 years ago
Data Source: MRED, MLS# 11852171
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 Whitley Avenue built and last sold?
The property at 503 Whitley Avenue was built in 1910 and last sold on Sep 8, 2023 for $173,400.
How much is this home worth?
The estimated value of the home located at 503 Whitley Avenue is $0.
What are some comparable homes to 503 Whitley Avenue?
There are currently no comparable homes to 503 Whitley Avenue.
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