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Peru 61354
2322 1st Street
$93,500
● House - Off Market

2322 1st Street

Peru, IL 61354
bedrooms
5 Beds
bathrooms
1 Bath
square feet
1,525 Ft²
$106,918
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

5 bedroom home with many improvements.  New windows, all new indoor trim, roof replaced in 2020, carpet and wood laminate new as well.  New kitchen flooring.  Refrigerator and Stove replaced in 2019, Dishwasher in 2015, New kitchen sink in 2020.  New water heater and furnace in 2019.  This home is the definition of "Move In Ready".  Fenced in back yard and nice patio area.  All appliances stay.  It's a Must See!
Unit Size
1,525 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$62
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
1915

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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: 2 years ago (MRED MLS #11221107)

Price History

Date / Event Date Event Price
Oct 28, 2021 Sold
Premium
Sold
Sep 16, 2021 Listed by Coldwell Banker Today's, Realtors $95,000
Listed by Coldwell Banker Today's, Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • 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: 6,098
  • Total Building Area: 1,323
  • Gross Building Area: 1,323
  • Building Area: 1,323
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,178
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SMITH & SKINKLES ADD
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SMITH & SKINKLES ADD, E50' LT 4 BLK 81 SEC 17-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963200

Geography

  • District: PE
  • Parcel: 17-17-348-002
  • Block: 81
  • Lot: 4
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3246
  • Longitude: -89.1365

    Address

  • Full Address: 2322 1st St
  • Address - House Number: 2322
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C001
  • 4-Digit Zip Code: 3241
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $161,338
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 61
  • Final Value: 108,088
  • High Value: 137,355
  • Low Value: 78,821

    Market Valuation

  • Market Total Value: $80,934
  • Market Land Value: $12,813
  • Market Improvement Value: $68,121

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,978
  • Assessed Land Value: $4,271
  • Assessed Improvements Value: $22,707

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-16857
  • Previous Sale Recording Date: Sep 02, 2005
  • Previous Sale Contract Date: Aug 30, 2005
  • Previous Sale Amount: $88,000
  • 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 Peru

Stats & Trends

Median Asking:

$179,950

Sale Price/ft²

$150

Below Asking

0.03%

Average Days on Market

53

Average Home Size

1728 ft²

Average Home Age

95.3 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: Garry Schroeder, Coldwell Banker Today's, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 11221107
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 2322 1st Street built and last sold?
The property at 2322 1st Street was built in 1915 and last sold on Oct 28, 2021 for $93,500.
How much is this home worth?
The estimated value of the home located at 2322 1st Street is $95,950.
What are some comparable homes to 2322 1st Street?
There are currently no comparable homes to 2322 1st Street.
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