NOT LISTED FOR SALE

506 S May St Joliet, IL 60436

Reedwood Neighborhood

Estimated Value: $229,000 - $247,016

3 Beds
1 Bath
1,100 Sq Ft
$216/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $140,000 $127 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,665/month

24 Days on Market

Highlights

  • Fenced Yard
  • Enclosed Patio or Porch
  • Central Air
  • 2 Car Detached Garage
  • 1-Story Property
  • Paved or Partially Paved Lot

About This Home

As of August 2019

Cute as can be ranch home with lots of recent updates and over sized 2 car garage!! FULLY fenced yard with entertaining space, mature trees and a shed for added storage. SS appliances in your updated and open kitchen, brand new furnace, newer roof, windows and water heater! Original hardwood floors through the main living area. THIS 3 BEDROOM HOME IS READY FOR ITS NEW OWNERS!

Last Agent to Sell the Property

Sarah Toso

RE/MAX Ultimate Professionals License #475173799 Listed on: 06/21/2019

RE/MAX Ultimate Professionals

Last Buyer's Agent

Kenneth Pytlewski

Oak Leaf Realty License #471007171

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,089

Year Built

  • Built in 1951

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 59x131
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,089

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1951
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 1100
  • Room Type: Enclosed Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Crawl
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 139888
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Lights, Street Paved
  • Master Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 86

Lot Info

  • Lot Size Acres: 0.18
  • Lot Dimensions: 59X131
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3089
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2019
Closed on
Aug 15, 2019
Sold by
Penhale Christopher M and Penhale Janna L
Bought by
Moats Kaylan A
Seller's Agent
Sarah Toso
RE/MAX Ultimate Professionals
Buyer's Agent
Kenneth Pytlewski
Oak Leaf Realty
List Price
$139,888
Sold Price
$140,000
Premium/Discount to List
$112
0.08%
Current Estimated Value
$237,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,754
Avg. Annual Appreciation
8.99%
Original Mortgage
$133,000
Outstanding Balance
$119,125
Interest Rate
4.87%
Mortgage Type
New Conventional
Estimated Equity
$118,629

Purchase Details

Closed on
Apr 10, 2012
Sold by
Penhale Christopher M and Penhale Janna L
Bought by
Penhale Christopher M and Penhale Janna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2006
Sold by
Marino Joel R and Marino Jennifer
Bought by
Penhale Christopher M and Wilke Janna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 1998
Sold by
Preisch Gregory M J and Preisch Julie A
Bought by
Marino Joel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
7.02%

Purchase Details

Closed on
Mar 9, 1994
Sold by
Norton Robert L and Norton Joyce A
Bought by
Preisch Gregory M and Preisch Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,350
Interest Rate
7.04%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Moats Kaylan A $140,000 Fidelity National Title Ins
Penhale Christopher M -- Lsi
Penhale Christopher M $149,000 Multiple
Marino Joel R $97,000 --
Preisch Gregory M $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moats Kaylan A $133,000
Previous Owner Penhale Christopher M $145,000
Previous Owner Penhale Christopher M $149,000
Previous Owner Marino Joel R $87,300
Previous Owner Preisch Gregory M $70,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2019 08/20/19 Sold $140,000 +0.1% $127 / Sq Ft
07/15/2019 07/15/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $139,888 -- $127 / Sq Ft
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
2024 $4,898 $66,483 $15,355 $51,128
2023 $4,898 $59,070 $13,643 $45,427
2022 $4,380 $53,433 $12,341 $41,092
2021 $4,126 $49,905 $11,526 $38,379
2020 $3,886 $47,393 $10,946 $36,447
2019 $3,656 $44,046 $10,173 $33,873
2018 $3,337 $39,493 $9,109 $30,384
2017 $3,089 $35,906 $8,282 $27,624
2016 $2,794 $31,992 $7,587 $24,405
2015 -- $28,950 $7,150 $21,800
2014 -- $28,800 $7,100 $21,700
2013 -- $29,819 $7,909 $21,910
Source: Public Records

Agents Affiliated with this Home

  • Sarah Toso

    Seller's Agent in 2019

    Sarah Toso

    RE/MAX

    (815) 603-7493

    2 in this area

    436 Total Sales

    Sarah Toso
    Section Image

  • K

    Buyer's Agent in 2019

    Kenneth Pytlewski

    Oak Leaf Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10426443

Midwest Real Estate Data (MRED)

APN: 30-07-17-407-003

Illinois Will County Joliet 60436 Reedwood

506 S May St, Joliet, IL

This home is located at 506 S May St, Joliet, IL 60436 since 21 June 2019 and is currently estimated at $237,754, approximately $216 per square foot. This property was built in 1951. 506 S May St is a home located in Will County with nearby schools including Lynne Thigpen Elementary School, Dirksen Junior High School, and Joliet Central High School.

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