See Home Value
Naperville 60540
8s040 Olesen Drive
$1,305,000 - $1,593,000
Land - Off Market

8s040 Olesen Drive

Naperville, IL 60540
bedrooms
Studio
bathrooms
0 Bath
Transfer

About This Property

Investors, this is for you! Guesthouse has current 3 year lease at $4,000 a month. Great investment that can be split into 3 lots! Large wooded scenic lot on Olesen Rd near Hobson Rd minutes from downtown Naperville.  You can live in the coach house already built on the property while you build your dream home! The coach house was 100% rebuilt and remodeled with architectural permits and plans provided to the county. Fully permitted job includes new studs, roof, windows, flooring, electrical, plumbing, drywall, insulation....everything! Naperville school district 203 is one of the most affluent communities/zip codes in the Midwest. There is no other lot  like this in school district 203, zoned for horses, close to downtown.
Unit Size
-
Days on Market
-
Land Size
4.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,336
HOA Dues
-
Year Built
1935

Price History

Date / Event Date Event Price
Apr 26, 2024 No longer available -
No longer available
Apr 25, 2024 In contract -
In contract
Oct 27, 2023 Price Decreased $1,449,900
↓ $50K (3.3%)
Price Decreased
Jul 12, 2023 Price Decreased $1,499,900
↓ $99K (6.2%)
Price Decreased
Jul 9, 2023 Relisted $1,599,000
Relisted
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 696
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 213,444
  • Total Building Area: 2,221
  • Gross Building Area: 2,221
  • Building Area: 2,221
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,221
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: W FREDENHAGENS PLAT
  • Land Acres: 4.9
  • Legal Description 1: W FREDENHAGENS PLAT OF SURVEY TRACT A

Ownership

  • Is Owner Occupied: unknown
  • Vacant Flag: unknown
  • Vacant Flag Date: Jan 15, 2024

Neighborhood

  • School District Name: Naperville Community Unit District 203
  • School Tax School District: DISTRICT 203
  • Census Tract: 846208

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3142-B5
  • Subdivision Tract Number: A
  • Parcel: 08-29-100-001
  • Municipality: LISLE
  • Latitude: 41.7549
  • Longitude: -88.1247

    Address

  • Full Address: 8s040 Olesen Dr
  • Address - House Number: 8s040
  • Address - Street Name: Olesen
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Naperville
  • Carrier Code: C043
  • 4-Digit Zip Code: 8227
  • Zip Code: 60540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,675
  • Tax Rate Code Area: 8086

    Appraisal Valuation

  • Standard Deviation: 0.1249
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 86
  • Final Value: 975,021
  • High Value: 1,096,862
  • Low Value: 853,180

    Market Valuation

  • Market Total Value: $814,860
  • Market Land Value: $323,580
  • Market Improvement Value: $491,280

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $271,620
  • Assessed Land Value: $107,860
  • Assessed Improvements Value: $163,760



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$1,490,000 Mar 21, 2023
-
$1,131/mo
Commercial
Loft
-
2,617 ft²
$569/ft²
$1,490,000 Mar 9, 2022
-
$1,131/mo
House
4 Beds
3 Baths
2,421 ft²
$599/ft²
$1,449,900 May 15, 2023
-
$1,336/mo
House
3 Beds
2 Baths
2,144 ft²
$548/ft²
$1,175,000 Jan 31, 2024
-
$986/mo

About Naperville


Similar Homes for Sale

Unit for sale at 7S731 Olesen Drive, Naperville, IL 60540

$1,175,000

  • 3 Beds
  • 2 Baths
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7S731 Olesen Drive, Naperville, IL 60540 Listing by Nathan Stillwell

Nearby Rentals

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Unit for rent at 654 Melody Lane, Naperville, IL, 60540

$2,650 /mo

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654 Melody Lane, Naperville, IL, 60540 Listing by Alice Chin
Unit for rent at 19 Foxcroft Road, Naperville, IL, 60565

$1,650 /mo

  • 1 Bed
  • 1 Bath
  • 755 ft²
19 Foxcroft Road #219, Naperville, IL, 60565 Listing by Carelys Hepburn


Frequently Asked Questions

When was property at 8S040 Olesen Drive built and last sold?
The property at 8S040 Olesen Drive was built in 1935 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8S040 Olesen Drive is $1,614,990.
What are some comparable homes to 8S040 Olesen Drive?
Homes that are comparable to 8S040 Olesen Drive include a house property at 7S731 Olesen Drive, a land property at 25W710 75th Street, a house property at 8S040 Olesen Drive.

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