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Joliet 60435 Glenwood Manor
604 Fairlane Drive
$240,000
● House - Off Market

604 Fairlane Drive

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,229 Ft²
$313,986
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Full Brick Ranch Style Home with Two and a Half Car Garage. Three Bedroom, Two and a Half Bath, First Floor Laundry, Updated Hall Bath, Brand New Carpet and Freshly Painted Throughout. Home Sits on a Large Lot with Mature Trees. Huge Finished Basement. Estate Sale. One Owner. Estate Sale.
Unit Size
2,229 Ft²
Days on Market
-
Land Size
-
Price per sqft
$128
Property Type
House
Property Taxes
$501
HOA Dues
-
Year Built
1977

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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 #11239945)

Price History

Date / Event Date Event Price
Dec 17, 2021 Sold
Premium
Sold
Oct 6, 2021 Listed by Kettley & Co. Inc. - Yorkville $285,000
Listed by Kettley & Co. Inc. - Yorkville

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,769
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,800
  • Total Building Area: 2,229
  • Building Area: 1,769
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,769
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENWOOD MANOR
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 311 IN GLENWOOD MANOR UNIT 6, A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 12, T35N-R9E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 883206

Geography

  • Parcel: 05-06-12-219-011
  • Lot: 311
  • Meridian: SEC 12 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.533
  • Longitude: -88.1499

    Address

  • Full Address: 604 Fairlane Dr
  • Legal Unit: 6
  • Address - House Number: 604
  • Address - Street Name: Fairlane
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C018
  • 4-Digit Zip Code: 5154
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $656,210
  • Tax Rate Code Area: 0510

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 288,216
  • High Value: 329,134
  • Low Value: 247,299

    Market Valuation

  • Market Total Value: $234,321
  • Market Land Value: $46,542
  • Market Improvement Value: $187,779

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,107
  • Assessed Land Value: $15,514
  • Assessed Improvements Value: $62,593

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2022000899
  • Previous Sale Recording Date: Jan 10, 1996
  • Previous Sale Contract Date: Dec 21, 1995
  • Previous Sale Document Type: 41

    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 Glenwood Manor

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$191

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1764 ft²

Average Home Age

61 years

Currently For Sale

1 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

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MRED

Listed by: Natalie Brummel, Kettley & Co. Inc. - Yorkville
Last Updated: 3 years ago
Data Source: MRED, MLS# 11239945
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 604 Fairlane Drive built and last sold?
The property at 604 Fairlane Drive was built in 1977 and last sold on Dec 17, 2021 for $240,000.
How much is this home worth?
The estimated value of the home located at 604 Fairlane Drive is $296,430.
What are some comparable homes to 604 Fairlane Drive?
There are currently no comparable homes to 604 Fairlane Drive.
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