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Peru 61354
2127 Meadow Lawn Lane
$179,000
● House - Off Market

2127 Meadow Lawn Lane

Peru, IL 61354
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,077 Ft²
$1,133
Est. Monthly
14.06%
Cap Rate

About This Property

Lovely and well-maintained 3-bedroom, 1-bath ranch home in a quiet North Peru subdivision, close to schools and shopping. Features an open floor plan with vinyl plank flooring throughout, main level laundry, and a bright, sunny living area with abundant windows. Tastefully decorated and move-in ready with a new sewer line from house to street. Includes a large 2-car detached garage with a newer garage door, a carport and a fenced in yard.
Unit Size
1,077 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1958

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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.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 6,970
  • Total Building Area: 1,077
  • Gross Building Area: 1,077
  • Building Area: 1,077
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,077
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ST JOHNS 2ND ADD
  • Land Acres: 0000000160
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: ST JOHNS 2ND ADD, LT 49 SEC 8-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963100

Geography

  • District: PE
  • Parcel: 17-08-411-005
  • Lot: 49
  • Meridian: SEC 08 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3407
  • Longitude: -89.1282

    Address

  • Full Address: 2127 Meadow Lawn Ln
  • Address - House Number: 2127
  • Address - Street Name: Meadow Lawn
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Peru
  • Carrier Code: C008
  • 4-Digit Zip Code: 1211
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 124,108
  • High Value: 141,005
  • Low Value: 107,210

    Market Valuation

  • Market Total Value: $108,927
  • Market Land Value: $21,840
  • Market Improvement Value: $87,087

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,309
  • Assessed Land Value: $7,280
  • Assessed Improvements Value: $29,029

    Sales

  • Current Sale Contract Date: Jun 08, 2022
  • Current Sale Recording Date: Jun 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-07519

    Financing

  • First Mortgage Financing Type: FIX
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 Peru

Stats & Trends

Median Asking:

$179,450

Sale Price/ft²

$151

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1638 ft²

Average Home Age

95 years

Currently For Sale

14 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: Wendy Fulmer, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12352433
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 2127 Meadow Lawn Lane built and last sold?
The property at 2127 Meadow Lawn Lane was built in 1958 and last sold on Jun 8, 2022 for $75,000.
How much is this home worth?
The estimated value of the home located at 2127 Meadow Lawn Lane is $0.
What are some comparable homes to 2127 Meadow Lawn Lane?
There are currently no comparable homes to 2127 Meadow Lawn Lane.
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