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Joliet 60435
623 Plainfield Road
$85,000
● House - Off Market

623 Plainfield Road

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,340 Ft²
$746
Est. Monthly
31.36%
Cap Rate

About This Property

SOLD BEFORE PROCESSING
Unit Size
1,340 Ft²
Days on Market
-
Land Size
-
Price per sqft
$63
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1905

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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 #12256558)

Price History

Date / Event Date Event Price
Dec 19, 2024 Sold
Premium
Sold
Dec 2, 2024 Listed by Re/Max In The Village $85,000
Listed by Re/Max In The Village

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 1
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,407
  • Building Area: 1,407
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,407
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: H N MARSHS
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 17 IN MARSH'S SUB, IN CANAL TRUSTEES' SUB. IN THE W1/2 OF THE NW1/4 OF SEC. 9, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881800

Geography

  • Parcel: 30-07-09-110-003
  • Lot: 17
  • Meridian: SEC 09 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5357
  • Longitude: -88.098

    Address

  • Full Address: 623 Plainfield Rd
  • Address - House Number: 623
  • Address - Street Name: Plainfield
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C065
  • 4-Digit Zip Code: 6135
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $380,514
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 77
  • Final Value: 190,190
  • High Value: 223,434
  • Low Value: 156,947

    Market Valuation

  • Market Total Value: $141,609
  • Market Land Value: $39,057
  • Market Improvement Value: $102,552

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,203
  • Assessed Land Value: $13,019
  • Assessed Improvements Value: $34,184

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 02, 2014
  • Current Sale Recording Date: Jan 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: R2014008018

    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 Joliet

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

45

Average Home Size

1878 ft²

Average Home Age

41.4 years

Currently For Sale

272 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 1311 Loral Avenue, Joliet, IL, 60435

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,005 ft²
1311 Loral Avenue, Joliet, IL, 60435 Listing by Jayson Iniguez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Leticia Cruz, Re/Max In The Village
Last Updated: 2 years ago
Data Source: MRED, MLS# 12256558
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 Plainfield Road built and last sold?
The property at 623 Plainfield Road was built in 1905 and last sold on Jan 2, 2014 for $69,900.
How much is this home worth?
The estimated value of the home located at 623 Plainfield Road is $0.
What are some comparable homes to 623 Plainfield Road?
There are currently no comparable homes to 623 Plainfield Road.
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