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Joliet 60586
6007 Cherry Ridge Drive
$325,000
● House - Off Market

6007 Cherry Ridge Drive

Plainfield, IL 60586
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,925 Ft²
$344,283
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

AMAZING, REHABBED,VERY CLEAN AND MOVE IN READY HOME! NICE OPEN FLOOR PLAN! NEW ROOF-2017, NEW WINDOWS- 2017, NEW GARAGE DOOR-2017. NEW WATER HEATER-2021, NEW INJECTOR PUMP-2021 NEW WOOD LAMINATE FLOORING ON FIRST FLOORING THROUGOUT! FULLY REPAINTED! FENCED OFF YARD! NICE KITCHEN THAT IS FULLY APPLIANCED AND LARGE PANTRY! CATHEDRAL CEILINGS IN MASTER BEDROOM! FINISHED BASEMENT! CONCRETE PATIO! QUIET STREET WITH POND VIEWS!  CLOSE TO TRANSPORTATION, AND EVRYTHING THAT CITY OF PLAINFIELD AND THE SURROUNDING AREA HAS TO OFFER
Unit Size
1,925 Ft²
Days on Market
-
Land Size
-
Price per sqft
$171
Property Type
House
Property Taxes
$498
HOA Dues
$17
Year Built
2002

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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 #11681896)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Dec 2, 2022 Listed by Realty Advisors Elite LLC $329,500
Listed by Realty Advisors Elite LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 40
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,076
  • Total Building Area: 1,992
  • Building Area: 1,992
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,992
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CATON RIDGE
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 215 IN CATON RIDGE SUB UNIT 4 BEING A SUB OF PRT OF THE N 1/2 OF NW 1/4 OF SEC. 32 T36N-R9E.

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 880430

Geography

  • Parcel: 06-03-32-114-008
  • Lot: 215
  • Meridian: SEC 32 TWN 36N RNG 09E
  • Municipality: PLAINFIELD
  • Latitude: 41.5619
  • Longitude: -88.2303

    Address

  • Full Address: 6007 Cherry Ridge Dr
  • Legal Unit: 4
  • Address - House Number: 6007
  • Address - Street Name: Cherry Ridge
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R041
  • 4-Digit Zip Code: 5437
  • Zip Code: 60586

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $640,348
  • Tax Rate Code Area: 0612

    Appraisal Valuation

  • Standard Deviation: 0.1538
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 341,815
  • High Value: 394,402
  • Low Value: 289,227

    Market Valuation

  • Market Total Value: $262,635
  • Market Land Value: $58,860
  • Market Improvement Value: $203,775

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,545
  • Assessed Land Value: $19,620
  • Assessed Improvements Value: $67,925

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2023
  • Current Sale Recording Date: Mar 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10234
  • Previous Sale Recording Date: Oct 15, 2012
  • Previous Sale Contract Date: Sep 26, 2012
  • Previous Sale Amount: $176,000
  • 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:

$339,900

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

45

Average Home Size

1917 ft²

Average Home Age

40.3 years

Currently For Sale

269 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 5116 Red Field Court, Plainfield, IL, 60586

$2,480 /mo

  • 2 Beds
  • 2 Baths
  • 1,310 ft²
5116 Red Field Court, Plainfield, IL, 60586 Listing by Annette Siwy
Unit for rent at 4917 Montauk Drive, Plainfield, IL, 60586

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,484 ft²
4917 Montauk Drive #4917, Plainfield, IL, 60586 Listing by Sebastian Hila

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Boris Oberman, Realty Advisors Elite LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11681896
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 6007 Cherry Ridge Drive built and last sold?
The property at 6007 Cherry Ridge Drive was built in 2002 and last sold on Feb 22, 2023 for $325,000.
How much is this home worth?
The estimated value of the home located at 6007 Cherry Ridge Drive is $0.
What are some comparable homes to 6007 Cherry Ridge Drive?
There are currently no comparable homes to 6007 Cherry Ridge Drive.
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