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Will 60432
511 Miami Street
$225,000
● House - Off Market

511 Miami Street

Joliet, IL 60432
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,002 Ft²
$218,768
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Gorgeous 3 bedroom, 1 bath remodeled home on double, fenced lot! Brand new kitchen cabinets, counter tops, stainless steel appliances, farmhouse sink & faucet, lights,flooring. Updated bathroom with tub/surround,vanity,counter stoplight & plumbing fixtures,flooring. Windows were updated and are in good condition.New interior doors & hardware,lights/fans, fresh paint,new paint & luxury vinyl plank flooring through-out. Natural light pours into this home. Fenced back yard & shed. 26 x 28 garage! Upgraded front porch. Easy access to I-80/355. Beautiful home! *** Unfortunately previous buyer's finance fell through at the last minute. Nothing wrong with the home.***
Unit Size
1,002 Ft²
Days on Market
-
Land Size
-
Price per sqft
$220
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1928

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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 #11774492)

Price History

Date / Event Date Event Price
Aug 14, 2023 Sold
Premium
Sold
May 3, 2023 Listed by CRIS Realty $220,000
Listed by CRIS Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 728
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,400
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 800
  • Total Building Area: 852
  • Building Area: 852
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 852
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHARLES M FISHERS ADDITION TO BELMONT
  • Land Acres: 0000000240
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LOT 131 132 IN CHARLES M. FISH'S ADDITION TO BELMONT, BEING A SUB OF PRT OF THE W1/2 OF THE NW1/4 OF SEC 12, T35N-R10E. CONS

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882200

Geography

  • Parcel: 30-07-12-121-049
  • Lot: 131
  • Meridian: SEC 12 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5348
  • Longitude: -88.0391

    Address

  • Full Address: 511 Miami St
  • Address - House Number: 511
  • Address - Street Name: Miami
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C025
  • 4-Digit Zip Code: 2124
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $281,184
  • Tax Rate Code Area: 3031

    Appraisal Valuation

  • Standard Deviation: 0.0882
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 92
  • Final Value: 213,246
  • High Value: 232,066
  • Low Value: 194,427

    Market Valuation

  • Market Total Value: $91,572
  • Market Land Value: $12,210
  • Market Improvement Value: $79,362

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,524
  • Assessed Land Value: $4,070
  • Assessed Improvements Value: $26,454

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 42599
  • Previous Sale Recording Date: Oct 14, 2010
  • Previous Sale Contract Date: Sep 27, 2010
  • Previous Sale Document Type: 64
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

$204

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2340 ft²

Average Home Age

32.8 years

Currently For Sale

1538 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: April Blair, CRIS Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11774492
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 511 Miami Street built and last sold?
The property at 511 Miami Street was built in 1928 and last sold on Aug 11, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 511 Miami Street is $0.
What are some comparable homes to 511 Miami Street?
There are currently no comparable homes to 511 Miami Street.
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