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Will 60432
831 Porter Street
$210,000
● House - Off Market

831 Porter Street

Joliet, IL 60432
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
816 Ft²
$225,079
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Beautify single family home sitting on a massive lot. House features 2 beds plus 2 additional rooms in basement, 1.5 baths, central air and a 780 sqft garage! Professionally landscaped with paver driveway and privacy gate.
Unit Size
816 Ft²
Days on Market
-
Land Size
-
Price per sqft
$270
Property Type
House
Property Taxes
$310
HOA Dues
-
Year Built
1918

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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.

Last updated: 3 years ago (MRED MLS #11369295)

Price History

Date / Event Date Event Price
Jul 25, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Cobblestone Realty Inc $220,000
Listed by Cobblestone Realty Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • 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: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 780
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,408
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 816
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKSIDE
  • Land Acres: 0000000261
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 18 19 IN BROOKSIDE SUB, A SUB OF PRT OF THE SE1/4 SEC 2 T35N-R10E.

Neighborhood

  • School District Name: Joliet Public School District 86
  • Census Tract: 882200

Geography

  • Parcel: 30-07-02-409-015
  • Lot: 18
  • Meridian: SEC 02 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.5407
  • Longitude: -88.0517

    Address

  • Full Address: 831 Porter St
  • Address - House Number: 831
  • Address - Street Name: Porter
  • Address - Suffix Type: St
  • State: IL
  • City Name: Joliet
  • Carrier Code: C051
  • 4-Digit Zip Code: 1459
  • Zip Code: 60432

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $415,780
  • Tax Rate Code Area: 3031

    Appraisal Valuation

  • Standard Deviation: 0.1604
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 213,957
  • High Value: 248,288
  • Low Value: 179,626

    Market Valuation

  • Market Total Value: $153,405
  • Market Land Value: $14,373
  • Market Improvement Value: $139,032

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,135
  • Assessed Land Value: $4,791
  • Assessed Improvements Value: $46,344

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 18, 2022
  • Current Sale Recording Date: Oct 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 77033
  • Previous Sale Recording Date: May 23, 2000
  • Previous Sale Contract Date: May 15, 2000
  • Previous Sale Amount: $74,000
  • 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 Will

Stats & Trends

Median Asking:

$389,990

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2347 ft²

Average Home Age

33.8 years

Currently For Sale

1501 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

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MRED

Listed by: Mauricio Lopez, Cobblestone Realty Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11369295
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 831 Porter Street built and last sold?
The property at 831 Porter Street was built in 1918 and last sold on Jul 18, 2022 for $210,000.
How much is this home worth?
The estimated value of the home located at 831 Porter Street is $219,687.
What are some comparable homes to 831 Porter Street?
There are currently no comparable homes to 831 Porter Street.
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