NOT LISTED FOR SALE

503 Herkimer St Joliet, IL 60432

Northeast Joliet Neighborhood

Estimated Value: $242,000 - $298,000

6 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot Lot

Sale Details

Date Sold: October 29, 2019

Last sale price $197,000

Est. 39% increase in value since last sale

Current estimated payment $1,849 / mo

6 Days on Market

About This Home

As of October 2019

Well-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

Martha Turner

Baird & Warner License #475178874 Listed on: 09/11/2019

Baird & Warner

Last Buyer's Agent

Margarita Binetti

HomeSmart Connect LLC License #471001199

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,044

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,044

Lot Details

5,663 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 0000
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Range Hood

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 45X143
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3043.95
  • Tax Year: 2018

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

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
Baird & Warner
Buyer's Agent
Margarita Binetti
HomeSmart Connect LLC
List Price
$195,000
Sold Price
$197,000
Premium/Discount to List
$2,000
1.03%
Current Estimated Value
$274,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,691
Avg. Annual Appreciation
5.22%
Original Mortgage
$190,425
Outstanding Balance
$170,089
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$104,602

Purchase Details

Closed on
Feb 5, 2007
Sold by
Gutierrez Oscar and Gutierrez Arturo
Bought by
Gutierrez Oscar

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
Source: Public Records
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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
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
Previous Owner Gutierrez Arturo $140,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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
2024 $4,598 $59,700 $8,347 $51,353
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

    Baird & Warner

    (312) 282-7481

    27 Total Sales

    Martha Turner
    Section Image
  • Margarita Binetti

    Buyer's Agent in 2019

    Margarita Binetti

    The McDonald Group

    (773) 551-2144

    41 Total Sales

    Margarita Binetti
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10514606

Midwest Real Estate Data (MRED)

APN: 30-07-10-120-012

Illinois Will County Joliet 60432 Northeast Joliet

503 Herkimer St, Joliet, IL

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) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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