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Peru 61354
627 8th Street
$40,000
● House - Off Market

627 8th Street

Peru, IL 61354
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,522 Ft²
$72,316
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

Charming 4-bedroom home on corner lot. Lovely hardwood floors & built in cabinetry. Freshly painted interior. Natural woodwork. Spacious dining room with built in hutch. Some newer flooring. Covered front porch, 2 car garage. Room to roam. Spacious home ready to move into & priced to sell! Centrally located to schools & shopping.
Unit Size
1,522 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$31
Property Type
House
Property Taxes
$144
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 #10141835)

Price History

Date / Event Date Event Price
Feb 13, 2019 Sold
Premium
Sold
Nov 19, 2018 Listed by Coldwell Banker Today's, Realtors $47,900
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: 5,227
  • Total Building Area: 1,522
  • Gross Building Area: 1,522
  • Building Area: 1,522
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,522
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLANCHARDS ADD
  • Land Acres: 0000000120
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: BLANCHARDS ADD, LT 7 & W10' LT 8 BLK 28 SEC 16-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963000

Geography

  • District: PE
  • Parcel: 17-16-249-007
  • Block: 28
  • Lot: 7-8
  • Meridian: SEC 16 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3315
  • Longitude: -89.1142

    Address

  • Full Address: 627 8th St
  • Address - House Number: 627
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C007
  • 4-Digit Zip Code: 2323
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $116,104
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 61
  • Final Value: 57,556
  • High Value: 73,140
  • Low Value: 41,971

    Market Valuation

  • Market Total Value: $43,746
  • Market Land Value: $10,674
  • Market Improvement Value: $33,072

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,582
  • Assessed Land Value: $3,558
  • Assessed Improvements Value: $11,024

    Sales

  • Current Sale Contract Date: Feb 08, 2019
  • Current Sale Recording Date: Feb 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201901629
  • Previous Sale Recording Date: Jan 24, 2007
  • Previous Sale Contract Date: Jan 11, 2007
  • Previous Sale Amount: $70,500
  • Previous Sale Document Type: 20
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: Bonnie Lester, Coldwell Banker Today's, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 10141835
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 627 8th Street built and last sold?
The property at 627 8th Street was built in 1915 and last sold on Feb 8, 2019 for $40,000.
How much is this home worth?
The estimated value of the home located at 627 8th Street is $0.
What are some comparable homes to 627 8th Street?
There are currently no comparable homes to 627 8th Street.
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