NOT LISTED FOR SALE

518 N Raynor Ave Unit 520 Joliet, IL 60435

Cathedral Area Neighborhood

Estimated Value: $267,319 - $336,000

4 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold October 06, 2016

Last sale price $162,000

Est. 89% increase in value since last sale

Current estimated payment $2,285/month

84 Days on Market

Highlights

  • Prairie Architecture
  • 1 Car Detached Garage
  • Heating System Uses Steam
  • Screened Porch
  • Ceiling Fan
  • 5-minute walk to Preservation Park

About This Home

As of October 2016

ALL BRICK 2 UNIT. EACH UNIT HAS SEPARATE BASEMENT WITH LAUNDRY HOOK UP AND STOOL. GREAT INCOME = EXCELLENT RETURN ON INVESTMENT. Good condition all around and VERY steady tenants. Water est. $120/mo. Gas est. $180/mo. City rental certificate expires 7/31/2018. One boiler serves both units. Appliances 2012 & 2014. New kitchen & flooring in 520.

Last Agent to Sell the Property

Timothy Brophy

Dow Realty License #471015222 Listed on: 06/15/2016

Last Buyer's Agent

Victoria Dillon

RE/MAX Ultimate Professionals License #475130405

RE/MAX Ultimate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,360

Year Built

  • Built in 1926

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 59 x 124
  • Paved or Partially Paved Lot

Parking

  • 1 Car Detached Garage
  • No Garage
  • Off Alley Parking
  • Parking Included in Price

Home Design

  • Prairie Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Screened Porch
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Farragut Elementary School
  • Hufford Junior High School
  • Joliet Central High School

Utilities

  • Heating System Uses Steam

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $26,400
  • Net Operating Income $15,251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,360

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Prairie
  • New Construction: No
  • Year Built: 1926
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch, Porch Screened
  • Foundation Details: Block
  • List Price: 179500
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Off Alley
  • ParkingTotal: 5
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 11149

Schools

  • Elementary School: FARRAGUT ELEMENTARY SCHOOL
  • High School: JOLIET CENTRAL HIGH SCHOOL
  • Middle/Junior School: HUFFORD JUNIOR HIGH SCHOOL
  • Middle/Junior School District: 86

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 59 X 124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 15251
  • GrossIncome: 26400
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5359.96
  • Tax Year: 2015
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2016
Closed on
Sep 15, 2016
Sold by
Rizzuto Peter G and Rizzuto Jodi A
Bought by
Cantu Gregory A
Seller's Agent
Timothy Brophy
Dow Realty
Buyer's Agent
Victoria Dillon
RE/MAX Ultimate Professionals
List Price
$179,500
Sold Price
$162,000
Premium/Discount to List
-$17,500
-9.75%
Current Estimated Value
$306,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,830
Avg. Annual Appreciation
7.35%

Purchase Details

Closed on
Jun 17, 2004
Sold by
Nettles Nellie B and Vaughn Deborah P
Bought by
Rizzuto Peter G and Rizzuto Jodi A

Purchase Details

Closed on
Jul 10, 2002
Sold by
Strahanoski Paul R
Bought by
Nettles Nellie B and Vaughn Deborah P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
6.82%

Purchase Details

Closed on
Jul 29, 1994
Sold by
Kuech Judith K
Bought by
Strahanoski Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,900
Interest Rate
8.41%
Source: Public Records

Range of Values:

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Average Value
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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
Cantu Gregory A $162,000 Fidelity National Title Ins
Rizzuto Peter G $245,000 Chicago Title Insurance Comp
Nettles Nellie B $203,000 First American Title
Strahanoski Paul R $121,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nettles Nellie B $182,700
Previous Owner Strahanoski Paul R $108,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2016 10/06/16 Sold $162,000 -9.7% --
09/07/2016 09/07/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $179,500 0.0% --
07/14/2016 07/14/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $179,500 -- --
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 $7,905 $100,555 $20,377 $80,178
2023 $7,905 $89,343 $18,105 $71,238
2022 $7,464 $80,817 $16,377 $64,440
2021 $7,094 $75,481 $15,296 $60,185
2020 $6,831 $71,682 $14,526 $57,156
2019 $6,402 $66,619 $13,500 $53,119
2018 $6,134 $61,559 $12,475 $49,084
2017 $5,781 $55,968 $11,342 $44,626
2016 $5,536 $51,512 $10,398 $41,114
2015 $5,336 $48,300 $9,750 $38,550
2014 $5,336 $48,050 $9,700 $38,350
2013 $5,336 $52,416 $10,758 $41,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09258820

Midwest Real Estate Data (MRED)

APN: 30-07-09-115-028