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Joliet 60586
7600 LOCUST Lane
$330,000
● House - Off Market

7600 LOCUST Lane

Plainfield, IL 60586
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$335,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Bright and Open Floor Plan with Full Finished Basement with lots of space for entertaining. Updated Kitchen with brand new stainless steel appliances and granite counters and white and grey cabinets. Large family room with fireplace and slider to outside patio and large fenced yard. 3 large bedrooms upstairs with updated shared hall bath with granite counter, sink and tub. New lighting throughout. The entire above grade of the home has been freshly painted and brand new carpet in bedrooms in modern grey colors. The main floor has high quality laminate wood flooring. New sump pump, and ejector sump pump. 2 car attached garage. Quiet Street. Home is conveniently located close to Schools and shopping.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
House
Property Taxes
$549
HOA Dues
$25
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 3 years ago (MRED MLS #11882057)

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold
Premium
Sold
Sep 13, 2023 Listed by Coldwell Banker Realty $335,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 650
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AUTUMN FIELDS SUB
  • Land Acres: 0000000187
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: LT 182 AUTUMN FIELDS SUB UNIT 1 CITY OF JOLIET

Neighborhood

  • School District Name: Plainfield School District 202
  • Census Tract: 890702

Geography

  • Assessors Map Reference: 3415-A6
  • Parcel: 06-25-375-007
  • Lot: 182
  • Municipality: NA-AU-SAY TOWNSHIP
  • Latitude: 41.5664
  • Longitude: -88.2682

    Address

  • Full Address: 7600 Locust Ln
  • Address - House Number: 7600
  • Address - Street Name: Locust
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Plainfield
  • Carrier Code: R003
  • 4-Digit Zip Code: 2530
  • Zip Code: 60586

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $659,352
  • Tax Rate Code Area: NS004

    Appraisal Valuation

  • Standard Deviation: 0.0918
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 92
  • Final Value: 329,579
  • High Value: 359,849
  • Low Value: 299,309

    Market Valuation

  • Market Total Value: $266,391
  • Market Land Value: $40,302
  • Market Improvement Value: $226,089

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,797
  • Assessed Land Value: $13,434
  • Assessed Improvements Value: $75,363

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14414
  • Previous Sale Recording Date: Aug 23, 2006
  • Previous Sale Contract Date: Jul 20, 2006
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 71
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

1917 ft²

Average Home Age

40.3 years

Currently For Sale

269 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 6901 Creekside Drive, Plainfield, IL, 60586

$2,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,727 ft²
6901 Creekside Drive, Plainfield, IL, 60586 Listing by Abha Dey

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Karen Spangler, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11882057
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 7600 Locust Lane built and last sold?
The property at 7600 Locust Lane was built in 2004 and last sold on Oct 12, 2023 for $330,000.
How much is this home worth?
The estimated value of the home located at 7600 Locust Lane is $0.
What are some comparable homes to 7600 Locust Lane?
There are currently no comparable homes to 7600 Locust Lane.
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