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Joliet 60431
6905 Cornwall Drive
$340,000
● House - Off Market

6905 Cornwall Drive

Joliet, IL 60431
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,809 Ft²
$2,309
Est. Monthly
6.76%
Cap Rate

About This Property

Fantastic location across from Cumberland South Park. Warm & Inviting Quad Level home with cozy front porch has over 1800 sq ft of living space and an unfinished Sub Basement. Vaulted ceilings as you enter the home extend into the Kitchen & Breakfast area. Roomy kitchen has raised Panel Oak Cabinetry, Stainless Steal Appliances, deep Pantry and Sliding Glass Doors to backyard. Breakfast area overlooks spacious Family Room. Second level leads to Master Bedroom with vaulted ceiling, walk-in closet and entry to full bath. Full bath has double door entry, double bowl vanity and garden tub. Two roomy guest bedrooms with double door closets. Huge Concrete Patio with Pergola perfect for summer days.  Fully fenced yard and concrete driveway. Furnace '20, Roof ' 23, Electric Garage door opener '18, sump pump '17.
Unit Size
1,809 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$185
Property Type
House
Property Taxes
$665
HOA Dues
-
Year Built
2006

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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: 2006
  • Effective Year Built: 2006
  • 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: 6
  • Basement Area: 759
  • Garage Type: 10
  • Garage Square Area: 297
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,243
  • Total Building Area: 1,809
  • Building Area: 1,809
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 1,809
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CUMBERLAND SOUTH
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 357 IN CUMBERLAND SOUTH UNIT SIX, BEING A SUB OF THE N 8.29 FT OF THE SW1/4 AND PRT OF THE NW FRACT'L 1/4 OF SEC. 6, T35N

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883218

Geography

  • Parcel: 05-06-06-117-003
  • Lot: 357
  • Meridian: SEC 06 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5435
  • Longitude: -88.2501

    Address

  • Full Address: 6905 Cornwall Dr
  • Legal Unit: 6
  • Address - House Number: 6905
  • Address - Street Name: Cornwall
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: R032
  • 4-Digit Zip Code: 5356
  • Zip Code: 60431

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $680,754
  • Tax Rate Code Area: 0520

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 326,277
  • High Value: 372,598
  • Low Value: 279,956

    Market Valuation

  • Market Total Value: $238,038
  • Market Land Value: $40,728
  • Market Improvement Value: $197,310

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,346
  • Assessed Land Value: $13,576
  • Assessed Improvements Value: $65,770

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 28, 2020
  • Current Sale Recording Date: Jun 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2020044835
  • Previous Sale Recording Date: Dec 23, 2016
  • Previous Sale Contract Date: Dec 01, 2016
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 71

    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:

$340,000

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

45

Average Home Size

1908 ft²

Average Home Age

41.2 years

Currently For Sale

266 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 1804 Parkside Drive, Shorewood, IL, 60404

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
1804 Parkside Drive, Shorewood, IL, 60404 Listing by Michele Nixon

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Marilyn Burke, Coldwell Banker Realty
Data Source: MRED, MLS# MRD12427546
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 6905 Cornwall Drive built and last sold?
The property at 6905 Cornwall Drive was built in 2006 and last sold on May 28, 2020 for $221,000.
How much is this home worth?
The estimated value of the home located at 6905 Cornwall Drive is $0.
What are some comparable homes to 6905 Cornwall Drive?
There are currently no comparable homes to 6905 Cornwall Drive.
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