For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Joliet 60436 Reedwood
8 Park Drive
$140,000
● House - Off Market

8 Park Drive

Joliet, IL 60436
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$181,800
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Sold before print   3 bedroom, 1 bath ranch. Full, partially finished basement with fireplace and laundry area. Dry bar. Generac, whole house emergency electric generator. 1 car attached garage. Leaf guard gutter system. Freshly painted. Newer appliances. Shed
Unit Size
1,120 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$125
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #10947127)

Price History

Date / Event Date Event Price
Jan 5, 2021 Sold
Premium
Sold
Dec 4, 2020 Listed by Coldwell Banker Real Estate Group $140,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • 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: 8
  • Basement Area: 1,120
  • Garage Type: 1
  • Garage Square Area: 252
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,493
  • Total Building Area: 2,492
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANKIN TERRACE
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 44 IN BRANKIN TERRACE, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 17, T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882701

Geography

  • Parcel: 30-07-17-202-007
  • Lot: 44
  • Meridian: SEC 17 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5225
  • Longitude: -88.1076

    Address

  • Full Address: 8 Park Dr
  • Address - House Number: 8
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Joliet
  • Carrier Code: C085
  • 4-Digit Zip Code: 1410
  • Zip Code: 60436

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $441,078
  • Tax Rate Code Area: 3011

    Appraisal Valuation

  • Standard Deviation: 0.2388
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 66
  • Final Value: 182,246
  • High Value: 225,770
  • Low Value: 138,721

    Market Valuation

  • Market Total Value: $161,283
  • Market Land Value: $26,781
  • Market Improvement Value: $134,502

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,761
  • Assessed Land Value: $8,927
  • Assessed Improvements Value: $44,834

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 21, 2020
  • Current Sale Recording Date: Mar 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021026088

    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 Reedwood

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$201

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1601 ft²

Average Home Age

83.6 years

Currently For Sale

7 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 1712 Arden Place, Joliet, IL, 60435

$2,795 /mo

  • 4 Beds
  • 2 Baths
  • 2,240 ft²
1712 Arden Place, Joliet, IL, 60435 Listing by Joseph Diaz
Unit for rent at 915 N Vine Street, Joliet, IL, 60435

$2,700 /mo

  • 5 Beds
  • 2 Baths
  • 1,905 ft²
915 N Vine Street, Joliet, IL, 60435 Listing by Lynn Herrington

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gerald Shepich, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 10947127
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 8 Park Drive built and last sold?
The property at 8 Park Drive was built in 1975 and last sold on Dec 21, 2020 for $140,000.
How much is this home worth?
The estimated value of the home located at 8 Park Drive is $0.
What are some comparable homes to 8 Park Drive?
There are currently no comparable homes to 8 Park Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Joliet Homes for Sale
Joliet Houses for Sale
Joliet Condos for Sale
Joliet Townhouses for Sale
Joliet Multifamily for Sale
Joliet Land for Sale
Joliet Commercial for Sale
Joliet Homes with Basements
Nearby Cities
Naperville Homes for Sale
Orland Park Homes for Sale
Plainfield Homes for Sale
Bolingbrook Homes for Sale
Tinley Park Homes for Sale
Oak Lawn Homes for Sale
Oswego Homes for Sale
Yorkville Homes for Sale
Nearby Property Records
Will County, IL Property Records
Kendall County, IL Property Records
Grundy County, IL Property Records
DuPage County, IL Property Records
Cook County, IL Property Records
Kankakee County, IL Property Records
Kane County, IL Property Records
DeKalb County, IL Property Records
Neighborhoods
Gresham Real Estate
West Pullman Real Estate
South Chicago Real Estate
Roseland Real Estate
Far Southeast Real Estate
Beverly Real Estate
Chatham Real Estate
Far East Real Estate
Nearby Counties
Downers Grove Homes for Sale
Thornton Homes for Sale
Worth Homes for Sale
Wheatland Homes for Sale
Bremen Homes for Sale
Orland Homes for Sale
Plainfield Homes for Sale
Rich Homes for Sale
Top Real Estate Agents
Top Agents in Reedwood
Top Agents in Joliet
Top Agents in Naperville
Top Agents in Downers Grove
Top Agents in Thornton
Top Agents in Worth
Top Agents in Wheatland
Top Agents in Bremen