NOT LISTED FOR SALE

411 Summit St Joliet, IL 60435

Saint John's Neighborhood

Estimated Value: $264,000 - $443,000

12 Beds
6 Baths
-- Sq Ft
0.29 Acres

Last Sold February 09, 2016

Last sale price $230,000

Est. 47% increase in value since last sale

Current estimated payment $2,496/month

63 Days on Market

About This Home

As of February 2016

Don't miss this great investment opportunity. This unique property feature 6 sunny units. Each has 2 bedrooms and 1 bath that has identical floor plans. All units are rented out. Rents are lower than market due to long term tenants... Tenants pay own gas and electric. coin operating washer and dryer in basement. Each unit has large storage locker and parking space. All units are in very good condition. It has great income potential.

Last Agent to Sell the Property

Ken Yung

Charles Rutenberg Realty Listed on: 11/02/2015

Charles Rutenberg Realty

Last Buyer's Agent

Maribel Martinez

Karges Realty License #471010710

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,487

Year Built

  • 1965

Lot Details

  • 0.29

Basement

  • Basement Cellar

Community Details

  • Insurance Expense $2,800

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,487

Year Built

1965

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Total Annual Income: 40800
  • Total Monthly Income: 3400
  • Number Of Stories: 2
  • Estimated Year Built: 1965
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1965

Interior Features

  • Basement: Cellar

Exterior Features

  • Acreage: 0.29

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Forced Air, Gas
  • Water Expense: 3300

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 900

Lot Info

  • Lot Dimensions: 59' X 211'
  • Parcel Identification Number: 30070922602100

Rental Info

  • Gross Rental Income: 40800
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Insurance Expense: 2800

Tax Info

  • Taxes: 5655.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2015
Closed on
Feb 5, 2016
Sold by
Takaki Virginia
Bought by
Paramo Management & Consulting Company
Seller's Agent
Ken Yung
Charles Rutenberg Realty
Buyer's Agent
Maribel Martinez
Karges Realty
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Total Days on Market
63
Current Estimated Value
$337,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,000
Avg. Annual Appreciation
2.82%
Original Mortgage
$161,000
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 1, 2014
Sold by
Chicago Title Land Trust Company
Bought by
Takaki Virginia

Purchase Details

Closed on
Nov 29, 1993
Sold by
Takaki Mclean
Bought by
Amerifed Fsb

Purchase Details

Closed on
Feb 26, 1992
Bought by
Chicago Title La
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Paramo Management & Consulting Company $230,000 Greater Illinois Title Co
Takaki Virginia -- Chicago Title Land Trust Co
Amerifed Fsb -- --
Chicago Title La $112,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Paramo Management & Consulting Company $161,000
Closed Paramo Management & Consulting Company $161,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2016 02/09/16 Sold $230,000 -8.0% --
01/04/2016 01/04/16 Pending -- -- --
11/02/2015 11/02/15 For Sale $250,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $8,487 $95,140 $12,721 $82,419
2022 $7,948 $86,061 $11,507 $74,554
2021 $7,554 $80,378 $10,747 $69,631
2020 $7,167 $76,332 $10,206 $66,126
2019 $6,817 $70,940 $9,485 $61,455
2018 $6,532 $65,552 $8,765 $56,787
2017 $6,156 $59,598 $7,969 $51,629
2016 $5,898 $54,872 $7,306 $47,566
2015 $5,655 $51,450 $6,850 $44,600
2014 $5,655 $51,200 $6,800 $44,400
2013 $5,655 $54,283 $7,565 $46,718
Source: Public Records

Agents Affiliated with this Home

  • Ken Yung

    Seller's Agent in 2016

    Ken Yung

    Charles Rutenberg Realty

    (312) 810-5297

    19 Total Sales

    Section Image
  • Maribel Martinez

    Buyer's Agent in 2016

    Maribel Martinez

    Karges Realty

    (815) 955-0762

    6 in this area

    116 Total Sales

    Maribel Martinez
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09077125

Midwest Real Estate Data (MRED)

APN: 07-09-226-021

Illinois Will County Joliet 60435 Saint John's

411 Summit St, Joliet, IL

This home is located at 411 Summit St, Joliet, IL 60435 since 02 November 2015 and is currently estimated at $337,000. This property was built in 1965. 411 Summit St is a home located in Will County with nearby schools including Farragut Elementary School, Hufford Junior High School, and Joliet Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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 Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes