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Joliet 60435 Glenwood Manor
712 Fairlane Drive
$360,000
● House - Off Market

712 Fairlane Drive

Joliet, IL 60435
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,132 Ft²
$2,415
Est. Monthly
6.18%
Cap Rate

About This Property

PERFECT LOCATION Move right in! This custom two story home located in Glenwood Manor subdivision sits on a dead-end street. Featuring three large bedrooms, the primary with 2 closets and the second and third bedrooms have walk-in closets. Spacious eat in kitchen, formal dining room, formal living room, main floor laundry and a large family room. Perfect for hosting! The basement is partially finished, can be used as a second family room or rec room. 2.5 car garage with a workshop area. The spacious backyard is fully fenced in. BUYERS TO ASUME  SOLAR PANELS LEASE  Schedule your appointment today!
Unit Size
2,132 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$169
Property Type
House
Property Taxes
$647
HOA Dues
-
Year Built
1987

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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
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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 Cover: 0
  • Basement Type: 8
  • Basement Area: 340
  • Garage Type: 1
  • Garage Square Area: 540
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,516
  • Total Building Area: 3,012
  • Building Area: 2,132
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,132
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENWOOD
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 303 IN GLENWOOD MANOR UNIT 6, A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 12, T35N-R9E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 883206

Geography

  • Parcel: 05-06-12-218-015
  • Lot: 303
  • Meridian: SEC 12 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5353
  • Longitude: -88.15

    Address

  • Full Address: 712 Fairlane Dr
  • Legal Unit: 6
  • Address - House Number: 712
  • Address - Street Name: Fairlane
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C018
  • 4-Digit Zip Code: 5156
  • Zip Code: 60435

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $774,316
  • Tax Rate Code Area: 0510

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 317,167
  • High Value: 362,194
  • Low Value: 272,139

    Market Valuation

  • Market Total Value: $273,255
  • Market Land Value: $46,542
  • Market Improvement Value: $226,713

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $91,085
  • Assessed Land Value: $15,514
  • Assessed Improvements Value: $75,571

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Nov 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: R2020104222
  • Previous Sale Recording Date: Jul 14, 1987
  • Previous Sale Contract Date: Jul 14, 1987
  • Previous Sale Amount: $112,300
  • 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 Glenwood Manor

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$192

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1753 ft²

Average Home Age

56.9 years

Currently For Sale

0 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 2338 Carnation Drive, Crest Hill, IL, 60403

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 924 ft²
2338 Carnation Drive #1, Crest Hill, IL, 60403 Listing by Jacqueline Dix

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Regi Ortega, Century 21 TK Realty
Data Source: MRED, MLS# MRD12323262
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 712 Fairlane Drive built and last sold?
The property at 712 Fairlane Drive was built in 1987 and last sold on Oct 13, 2020 for $256,000.
How much is this home worth?
The estimated value of the home located at 712 Fairlane Drive is $0.
What are some comparable homes to 712 Fairlane Drive?
There are currently no comparable homes to 712 Fairlane Drive.
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