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Joliet 60431
671 Springwood Drive
$332,000
● House - Off Market

671 Springwood Drive

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,517 Ft²
$2,292
Est. Monthly
$50
HOA / Fees
7.01%
Cap Rate

About This Property

UPDATED 3 BR. 1.1 bath sfh with a finished basement on a cul-de-sac in Troy School District. NEW kitchen! Seller moved a wall and now this home has a truly OPEN FLOORPLAN on the main level. White cabinetry and HUGE island with quartz countertops, SS appliances and a GORGEOUS kitchen light fixure ($700!) All new ceramic tile flooring in the kitchen, living room and family room and all NEW carpeting on the 2nd level. White trim and doors throughout. 2 car garage. Seller installed NEW AC! Fences allowed for your privacy!This home is just steps away from the Colin Grove Preserve where you will find walking and bike paths and a fishing pond.  The Galowich YMCA is nearby as well. Light and bright and waiting for its new owner!! This is truly special!
Unit Size
1,517 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$218
Property Type
House
Property Taxes
$621
HOA Dues
$50
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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 757
  • Garage Type: 7
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,642
  • Total Building Area: 1,517
  • Building Area: 1,517
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,517
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGWOOD
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT G1 IN SPRINGWOOD RESUB. OF LOTS 3 4 OF SPRINGWOOD SUB., A SUB OF PRT OF THE E1/2 SW1/4 IN SEC 14, T35N-R9E.

Neighborhood

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

Geography

  • Parcel: 05-06-14-301-058
  • Lot: 3,4
  • Meridian: SEC 14 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5091
  • Longitude: -88.1712

    Address

  • Full Address: 671 Springwood Dr
  • Address - House Number: 671
  • Address - Street Name: Springwood
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R013
  • 4-Digit Zip Code: 8900
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $561,962
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1608
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 257,543
  • High Value: 298,963
  • Low Value: 216,123

    Market Valuation

  • Market Total Value: $199,641
  • Market Land Value: $38,067
  • Market Improvement Value: $161,574

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,547
  • Assessed Land Value: $12,689
  • Assessed Improvements Value: $53,858

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 05, 2006
  • Current Sale Recording Date: Jun 07, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2006093519
  • Previous Sale Recording Date: Nov 28, 2001
  • Previous Sale Contract Date: Nov 19, 2001
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

46

Average Home Size

1845 ft²

Average Home Age

42.5 years

Currently For Sale

270 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 1217 Rock Run Crossings Drive, Joliet, IL, 60431

$2,538 /mo

  • 2 Beds
  • 2 Baths
  • 1,193 ft²
1217 Rock Run Crossings Drive #109, Joliet, IL, 60431 Listing by Tabren Smith
Unit for rent at 827 Summit Creek Drive, Shorewood, IL, 60404

$2,650 /mo

  • 3 Beds
  • 2 Baths
  • 2,116 ft²
827 Summit Creek Drive, Shorewood, IL, 60404 Listing by Bertha Muralles

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cynthia Potilechio, Keller Williams Infinity
Data Source: MRED, MLS# MRD12444407
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 671 Springwood Drive built and last sold?
The property at 671 Springwood Drive was built in 1999 and last sold on May 5, 2006 for $155,000.
How much is this home worth?
The estimated value of the home located at 671 Springwood Drive is $0.
What are some comparable homes to 671 Springwood Drive?
There are currently no comparable homes to 671 Springwood Drive.
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