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Ingalls Park 60433
512 OAKVIEW Avenue
$89,000
● House - Off Market

512 OAKVIEW Avenue

JOLIET, IL 60433
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,000 Ft²
$231,860
RealtyHop Estimate
120.82%
Since May 1, 2011
National-US
Primary Model

About This Property

GREAT RENTAL INVESTMENT!! 1-OWNER BEDFORD STONE RANCH ON  .6+ ACRE W/2 BEDROOMS, 1.1 BATHS, OFFICE, LIVING ROOM, KITCHEN, DINING AREA ON MAIN LEVEL, PARTIALLY FINISHED BSMT W/REC RM, GAME RM & STORAGE AREA. INTERIOR HAS GREAT ONE-OF-A-KIND CHARACTERISTICS.  2 1/2 CAR DETACHED GARAGE. HUGE FENCED BACKYARD HAS MATURE TREES, DOG RUN, 18 X 18 PATIO. NEW ROOF ON HOUSE & GARAGE IN 2006, NEW GARAGE DOOR & CONCRETE SLAB 2008
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$105
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1950

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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 #07654505)

Price History

Date / Event Date Event Price
Apr 13, 2011 Sold
Premium
Sold
Oct 12, 2010 Listed by Coldwell Banker Real Estate Group $105,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 11
  • 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: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,958
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHITE & NICOLS
  • Land Acres: 0000000550
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: TRACT 2 THE W 231 FT OF THE S 120 FT OF THE N 220 FT OF LOT 1 IN WHITE NICCOL'S SUB OF THE S PRT OF THE W1/2 OF THE E1/2 OF

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882300

Geography

  • Subdivision Tract Number: 2
  • Parcel: 30-07-14-405-050-0010
  • Lot: 1
  • Meridian: SEC 14 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5159
  • Longitude: -88.0472

    Address

  • Full Address: 512 Oakview Ave
  • Address - House Number: 512
  • Address - Street Name: Oakview
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C039
  • 4-Digit Zip Code: 1712
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $406,316
  • Tax Rate Code Area: 3017

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 202,356
  • High Value: 237,494
  • Low Value: 167,218

    Market Valuation

  • Market Total Value: $148,161
  • Market Land Value: $13,605
  • Market Improvement Value: $134,556

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,387
  • Assessed Land Value: $4,535
  • Assessed Improvements Value: $44,852

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 22, 2017
  • Current Sale Recording Date: Dec 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2017097353
  • Previous Sale Recording Date: Apr 20, 2011
  • Previous Sale Contract Date: Apr 13, 2011
  • Previous Sale Amount: $89,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Ingalls Park

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

50

Average Home Size

914 ft²

Average Home Age

95.3 years

Currently For Sale

4 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

Rentals Near You

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MRED

Listed by: Nancy Benard, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 07654505
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 512 Oakview Avenue built and last sold?
The property at 512 Oakview Avenue was built in 1950 and last sold on Nov 22, 2017 for $120,000.
How much is this home worth?
The estimated value of the home located at 512 Oakview Avenue is $0.
What are some comparable homes to 512 Oakview Avenue?
There are currently no comparable homes to 512 Oakview Avenue.
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