503 Herkimer St Joliet, IL 60432
Northeast Joliet NeighborhoodEstimated Value: $228,000 - $341,000
6
Beds
3
Baths
--
Sq Ft
5,663
Sq Ft Lot
About This Home
As of October 2019Well-maintained and updated 2-unit building featuring newer plumbing, electrical, and HVAC systems throughout. First floor unit is a duplex down, with 2 additional bedrooms and bathroom. Flooring in public areas and bathrooms is tile, and bedrooms are carpeted throughout the building. Newer front porch with landscaping. 2-car garage built about 15 years ago, with second floor 440 square foot loft/storage space with high ceilings. Great location in downtown Joliet. This property will not last long! Amazing rental opportunity for investor or owner occupied. Currently rented below market rate, room for future rental increase and profit potential.
Last Agent to Sell the Property
Dream Town Real Estate License #475178874 Listed on: 09/11/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,044
Year Built
- 1902
Lot Details
- 5,663
Parking
- 2 Car Detached Garage
- Garage ceiling height seven feet or more
- Garage Door Opener
- Parking Included in Price
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 45x143
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2019
Closed on
Oct 29, 2019
Sold by
Gutierrez Oscar
Bought by
Reyes Bulmaro
Seller's Agent
Martha Turner
Dream Town Real Estate
Buyer's Agent
Margarita Binetti
HomeSmart Connect LLC
List Price
$195,000
Sold Price
$197,000
Premium/Discount to List
$2,000
1.03%
Total Days on Market
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,586
Avg. Annual Appreciation
6.06%
Original Mortgage
$190,425
Outstanding Balance
$171,721
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$102,063
Purchase Details
Closed on
Feb 5, 2007
Sold by
Gutierrez Oscar and Gutierrez Arturo
Bought by
Gutierrez Oscar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 28, 2005
Sold by
Cervantes Wilibaldo and Cervantes Cecilia
Bought by
Gutierrez Arturo and Gutierrez Oscar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,600
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Joliet, IL
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reyes Bulmaro | $197,000 | None Available | |
| Gutierrez Oscar | -- | The Talon Group | |
| Gutierrez Arturo | $148,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reyes Bulmaro | $190,425 | |
| Closed | Reyes Bulmaro | $6,000 | |
| Previous Owner | Gutierrez Oscar | $135,700 | |
| Previous Owner | Gutierrez Oscar | $20,000 | |
| Previous Owner | Gutierrez Arturo | $140,600 | |
| Previous Owner | Cervantes Wilibaldo | $64,000 | |
| Previous Owner | Cervantes Wilibaldo | $54,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2019 10/29/19 | Sold | $197,000 | +1.0% | -- |
| 09/17/2019 09/17/19 | Pending | -- | -- | -- |
| 09/11/2019 09/11/19 | For Sale | $195,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $4,330 | $53,043 | $7,416 | $45,627 |
| 2022 | $3,877 | $47,981 | $6,708 | $41,273 |
| 2021 | $3,648 | $44,813 | $6,265 | $38,548 |
| 2020 | $3,432 | $42,558 | $5,950 | $36,608 |
| 2019 | $3,224 | $39,552 | $5,530 | $34,022 |
| 2018 | $3,044 | $36,548 | $5,110 | $31,438 |
| 2017 | $2,813 | $33,229 | $4,646 | $28,583 |
| 2016 | $2,628 | $30,449 | $4,266 | $26,183 |
| 2015 | $2,548 | $28,550 | $4,000 | $24,550 |
| 2014 | $2,548 | $28,450 | $4,000 | $24,450 |
| 2013 | $2,548 | $30,457 | $4,470 | $25,987 |
Source: Public Records
Agents Affiliated with this Home
-
Martha Turner
Seller's Agent in 2019
Martha Turner
Dream Town Real Estate
(312) 282-7481
24 Total Sales
-
Margarita Binetti
Buyer's Agent in 2019
Margarita Binetti
The McDonald Group
(773) 551-2144
34 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10514606
APN: 07-10-120-012
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.
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
- 562 N Eastern Ave
- 456 Collins St
- 412 Elwood Ave
- 554 E Jackson St
- 557 E Jackson St
- 624 Collins St
- 251 E Jackson St
- Lot 6 Block 4 N Broadway St
- 524 N Broadway St
- 512 N Hickory St
- 301 Lime St
- 608 E Washington St
- 203 Moran St
- 827 Summit St
- 320 N Hickory St
- 910 Summit St
- 340 Pine St
- 819 Elizabeth St
- 310 Pine St
- 214 N Hickory St
- 503 Herkimer St
- 501 Herkimer St
- 505 Herkimer St
- 509 Herkimer St
- 500 N Eastern Ave Unit AVE-502
- 504 N Eastern Ave
- 506 N Eastern Ave
- 463 Herkimer St
- 508 N Eastern Ave
- 513 Herkimer St
- 515 Herkimer St
- 510 N Eastern Ave
- 306 Ohio St
- 308 Ohio St
- 464 N Eastern Ave
- 512 N Eastern Ave Unit AVE-514
- 459 Herkimer St
- 462 N Eastern Ave
- 352 Ohio St
- 458 N Eastern Ave