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Preston Heights 60433
8 Luana Road
$172,000
● House - Off Market

8 Luana Road

Joliet, IL 60433
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$179,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Must See!Nothing to do but move into this 3 bed 1 bath updated ranch home.Fresh paint & new laminate flooring through out the home.Updated kitchen with new appliances,granite counter tops & back splash.Update bathroom.1-car detached garage Nice size fenced yard.Drive way has ample parking space.Sold AS-IS.
Unit Size
864 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11901367)

Price History

Date / Event Date Event Price
Nov 6, 2023 Sold
Premium
Sold
Oct 6, 2023 Listed by RE/MAX Action $179,900
Listed by RE/MAX Action

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 5
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 864
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,691
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,728
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 24
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTON HEIGHTS
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 4 BLOCK 7 IN PRESTON HEIGHTS, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC. 27, T35N-R10E.

Neighborhood

  • School District Name: Laraway Community Consolidated School District 70C
  • Census Tract: 883100

Geography

  • Parcel: 30-07-27-109-004
  • Block: 7
  • Lot: 4
  • Meridian: SEC 27 TWN 35N RNG 10E
  • Municipality: JOLIET
  • Latitude: 41.4927
  • Longitude: -88.0791

    Address

  • Full Address: 8 Luana Rd
  • Address - House Number: 8
  • Address - Street Name: Luana
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Joliet
  • Carrier Code: C092
  • 4-Digit Zip Code: 3118
  • Zip Code: 60433

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $192,628
  • Tax Rate Code Area: 3043

    Appraisal Valuation

  • Standard Deviation: 0.0874
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 92
  • Final Value: 177,760
  • High Value: 193,308
  • Low Value: 162,212

    Market Valuation

  • Market Total Value: $86,088
  • Market Land Value: $17,892
  • Market Improvement Value: $68,196

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,696
  • Assessed Land Value: $5,964
  • Assessed Improvements Value: $22,732

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 06, 2023
  • Current Sale Recording Date: Nov 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 58532
  • Previous Sale Recording Date: Aug 22, 2023
  • Previous Sale Contract Date: Aug 11, 2023
  • Previous Sale Amount: $80,200
  • Previous Sale Document Type: 64
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 Preston Heights

Stats & Trends

Median Asking:

$220,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

50

Average Home Size

2357 ft²

Average Home Age

43.7 years

Currently For Sale

6 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: Ayesha Afaq, RE/MAX Action
Last Updated: 3 years ago
Data Source: MRED, MLS# 11901367
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 8 Luana Road built and last sold?
The property at 8 Luana Road was built in 1954 and last sold on Nov 6, 2023 for $172,000.
How much is this home worth?
The estimated value of the home located at 8 Luana Road is $0.
What are some comparable homes to 8 Luana Road?
There are currently no comparable homes to 8 Luana Road.
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