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Joliet 60431
622 Springwood Drive #0
$215,000
● House - Off Market

622 Springwood Drive #0

Joliet, IL 60431
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,000 Ft²
$1,238
Est. Monthly
$117
HOA / Fees
10.54%
Cap Rate
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$210
Property Type
House
Property Taxes
$89
HOA Dues
$117
Year Built
1999

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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.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 1,000
  • Garage Type: 1
  • Garage Square Area: 228
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,277
  • Total Building Area: 2,228
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGWOOD RE
  • Land Acres: 0000000442
  • Standard Land Use Code: 1004
  • County Land Use Code: 0040
  • Legal Description 1: UNIT 15-C-5 IN SPRINGWOOD CONDOS OF LOTS 15 18 IN SPRINGWOOD RESUB. OF LOTS 3 4 IN SPRINGWOOD, A SUB OF PRT OF THE SW1/4 IN

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883211

Geography

  • Parcel: 05-06-14-301-092-1005
  • Lot: 15,18
  • Meridian: SEC 14 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5101
  • Longitude: -88.1706

    Address

  • Full Address: 622 Springwood Dr
  • Legal Unit: 15-C-5
  • Address - House Number: 622
  • Address - Street Name: Springwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R013
  • 4-Digit Zip Code: 8986
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $154,694
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 172,636
  • High Value: 197,145
  • Low Value: 148,127

    Market Valuation

  • Market Total Value: $135,972
  • Market Land Value: $28,092
  • Market Improvement Value: $107,880

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,324
  • Assessed Land Value: $9,364
  • Assessed Improvements Value: $35,960

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 1999
  • Current Sale Recording Date: Feb 19, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R99-023255
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

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

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MRED

Listed by: Kimberly McKinney, Keller Williams Infinity
Data Source: MRED, MLS# MRD12419081
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 622 Springwood Drive built and last sold?
The property at 622 Springwood Drive was built in 1999 and last sold on Feb 16, 1999 for $94,000.
How much is this home worth?
The estimated value of the home located at 622 Springwood Drive is $0.
What are some comparable homes to 622 Springwood Drive?
There are currently no comparable homes to 622 Springwood Drive.
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