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Joliet 60435 Cathedral Area
710 Cornelia Street
$324,900
● House - Off Market

710 Cornelia Street

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,272 Ft²
$2,088
Est. Monthly
7.82%
Cap Rate

About This Property

Well maintained 3 bedroom 3 full bath brick ranch in the Cathedral Area featuring hardwood floors, ss appliances, beautifully updated, full finished basement, 2car garage and a lovely fenced yard. Also a woodburning fireplace in the living room.
Unit Size
1,272 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$259
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,902
  • Total Building Area: 1,272
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MASON PLACE
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 173 IN MASON PLACE, A SUB OF THE W PRT OF THE N1/2 OF THE NE1/4 OF SEC 8, T25N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 881700

Geography

  • Parcel: 30-07-08-203-009
  • Lot: 173
  • Meridian: SEC 08 TWN 25N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5366
  • Longitude: -88.1071

    Address

  • Full Address: 710 Cornelia St
  • Address - House Number: 710
  • Address - Street Name: Cornelia
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C071
  • 4-Digit Zip Code: 5912
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $542,064
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 230,444
  • High Value: 267,470
  • Low Value: 193,418

    Market Valuation

  • Market Total Value: $194,088
  • Market Land Value: $35,739
  • Market Improvement Value: $158,349

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,696
  • Assessed Land Value: $11,913
  • Assessed Improvements Value: $52,783

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021109210
  • Previous Sale Recording Date: Dec 06, 2018
  • Previous Sale Contract Date: Nov 28, 2018
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27
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:

$295,000

Sale Price/ft²

$186

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1653 ft²

Average Home Age

110.3 years

Currently For Sale

22 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 1467 Berta Drive, Crest Hill, IL, 60403

$2,375 /mo

  • 2 Beds
  • 1 Bath
  • 1,300 ft²
1467 Berta Drive, Crest Hill, IL, 60403 Listing by William Neuman

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sharon Thomas, Karges Realty
Data Source: MRED, MLS# MRD12397051
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 710 Cornelia Street built and last sold?
The property at 710 Cornelia Street was built in 1954 and last sold on Sep 24, 2021 for $251,000.
How much is this home worth?
The estimated value of the home located at 710 Cornelia Street is $325,570.
What are some comparable homes to 710 Cornelia Street?
There are currently no comparable homes to 710 Cornelia Street.
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