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Joliet 60435 Cathedral Area
623 Buell Avenue
$66,000
● House - Off Market

623 Buell Avenue

JOLIET, IL 60435
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,780 Ft²
$111,297
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Cathedral area 3 bedroom, 1.5 bath turn of the century home on Buell Ave. Much originality still here. Formal dining room with built-in hutch. Eat-in kitchen. Hardwood floors. Full basement. Fenced yard and large patio.
Unit Size
1,780 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$37
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1918

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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: 2 years ago (MRED MLS #09185580)

Price History

Date / Event Date Event Price
Oct 20, 2016 Sold
Premium
Sold
Apr 5, 2016 Listed by RE/MAX Realty of Joliet $66,000
Listed by RE/MAX Realty of Joliet

Property Highlights

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,120
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,073
  • Building Area: 1,761
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,761
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: E B STRONGS
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THAT PRT OF LOT 6, IN E B STRONG'S SUB, OF LOTS 7,8,9,10 11, BLK 8, IN GLENWOOD, IN SEC 9, T35N-R10E, ACCORDING TO THE PLAT

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882702

Geography

  • Parcel: 30-07-09-302-014
  • Block: 8
  • Lot: 6
  • Meridian: SEC 09 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5297
  • Longitude: -88.0984

    Address

  • Full Address: 623 Buell Ave
  • Address - House Number: 623
  • Address - Street Name: Buell
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Joliet
  • Carrier Code: C053
  • 4-Digit Zip Code: 7004
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $702,968
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 241,004
  • High Value: 283,129
  • Low Value: 198,879

    Market Valuation

  • Market Total Value: $228,357
  • Market Land Value: $38,298
  • Market Improvement Value: $190,059

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,119
  • Assessed Land Value: $12,766
  • Assessed Improvements Value: $63,353

    Sales

  • Current Sale Contract Date: Oct 21, 2016
  • Current Sale Recording Date: Nov 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: R2016090935
  • Previous Sale Recording Date: Aug 20, 2015
  • Previous Sale Contract Date: Aug 07, 2015
  • 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 Cathedral Area

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$186

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1739 ft²

Average Home Age

111.7 years

Currently For Sale

19 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: Ryan Behrens, RE/MAX Realty of Joliet
Last Updated: 2 years ago
Data Source: MRED, MLS# 09185580
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 623 Buell Avenue built and last sold?
The property at 623 Buell Avenue was built in 1918 and last sold on Oct 21, 2016 for $66,000.
How much is this home worth?
The estimated value of the home located at 623 Buell Avenue is $0.
What are some comparable homes to 623 Buell Avenue?
There are currently no comparable homes to 623 Buell Avenue.
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