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Genoa 60135
1008 Joel Lane
$205,000
● House - Off Market

1008 Joel Lane

GENOA, IL 60135
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,820 Ft²
$337,792
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

New Construction!Available October 2016.1820 square foot 3 bed 2.5 bath 2 story home with 3 car garage!. Standard features include Dovetail Cabinetry, Hardwood Floors, Granite Countertops, Smart Home Technology, and Masonry Accents on Exterior.Featuring 2 x 6 construction and numerous energy saving features, Stainless Steel appliances, Ceramic tile in Bathrooms and Laundry room. Located in the desirable Oak Creek Estates which is situated between the Oak Club Golf Course and Kishwaukee River in Genoa IL. Act quickly this model constructed new starts at $214,000! Broker interest in lots at Oak Creek Estates. Check back for new photos as construction progresses.
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$113
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #09268594)

Price History

Date / Event Date Event Price
Mar 22, 2017 Sold
Premium
Sold
Jun 24, 2016 Listed by Hoffman Realty $205,000
Listed by Hoffman Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 732
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK CREEK ESTATES
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 45 - OAK CREEK ESTATES UNIT 4 - PHASE 1

Neighborhood

  • School District Name: Genoa-Kingston Community Unit School District 424
  • Census Tract: 000100

Geography

  • Account Number: 0225427005
  • District: KI
  • Subdivision Phase Number: I
  • Parcel: 02-25-427-005
  • Lot: 45
  • Municipality: KINGSTON
  • Latitude: 42.0837
  • Longitude: -88.7088

    Address

  • Full Address: 1008 Joel Ln
  • Legal Unit: 4
  • Address - House Number: 1008
  • Address - Street Name: Joel
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Genoa
  • Carrier Code: R002
  • 4-Digit Zip Code: 7531
  • Zip Code: 60135

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $810,188
  • Tax Rate Code Area: KI21

    Appraisal Valuation

  • Standard Deviation: 0.1668
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 78
  • Final Value: 319,156
  • High Value: 372,421
  • Low Value: 265,891

    Market Valuation

  • Market Total Value: $286,959
  • Market Land Value: $21,486
  • Market Improvement Value: $265,473

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,653
  • Assessed Land Value: $7,162
  • Assessed Improvements Value: $88,491

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 15, 2018
  • Current Sale Recording Date: Jun 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018005935
  • Previous Sale Recording Date: Mar 23, 2017
  • Previous Sale Contract Date: Mar 22, 2017
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Genoa

Stats & Trends

Median Asking:

$299,950

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1687 ft²

Average Home Age

19.1 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: , Hoffman Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09268594
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 listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1008 Joel Lane built and last sold?
The property at 1008 Joel Lane was built in and last sold on Jun 15, 2018 for $213,000.
How much is this home worth?
The estimated value of the home located at 1008 Joel Lane is $0.
What are some comparable homes to 1008 Joel Lane?
There are currently no comparable homes to 1008 Joel Lane.
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