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Ottawa 61350
1113 Mulberry Street
$119,000
● House - Off Market

1113 Mulberry Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,250 Ft²
$123,036
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

3 Bedroom home with 1 bath located westside of Ottawa. Spacious eat-in kitchen with oak cabinets, snack bar and sliding door from dining area to exterior. Taxes are assessed non-owner occupied, agent owned property, rental since purchased in 2005. Basement under front portion with crawl in back portion.  Main level bath and laundry. Electric breaker box main level in rear northwest bedroom closet. Home Warranty negotiable.  Some newer windows in front bedroom and kitchen area.  Main floor laundry.  All appliances included. Living room furniture, kitchen table and stools negotiable. Seller willing to negotiate a flooring allowance with acceptable offer.  Concrete Driveway/apron has parking 2 cars.
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$95
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1931

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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 #11454275)

Price History

Date / Event Date Event Price
Aug 24, 2022 Sold
Premium
Sold
Jul 5, 2022 Listed by Coldwell Banker Real Estate Group $119,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • 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: 1,164
  • Gross Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STATES ADD
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: STATE'S ADD, S50' LT 10 BLK 44 SEC 11-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962700

Geography

  • District: OT
  • Parcel: 21-11-113-015
  • Block: 44
  • Lot: 10
  • Meridian: SEC 11 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3513
  • Longitude: -88.8535

    Address

  • Full Address: 1113 Mulberry St
  • Address - House Number: 1113
  • Address - Street Name: Mulberry
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C013
  • 4-Digit Zip Code: 1831
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $378,604
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1319
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 73
  • Final Value: 102,252
  • High Value: 115,741
  • Low Value: 88,762

    Market Valuation

  • Market Total Value: $106,383
  • Market Land Value: $17,709
  • Market Improvement Value: $88,674

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,461
  • Assessed Land Value: $5,903
  • Assessed Improvements Value: $29,558

    Sales

  • Current Sale Contract Date: Aug 24, 2022
  • Current Sale Recording Date: Aug 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2022-11170
  • Previous Sale Recording Date: Feb 22, 2017
  • Previous Sale Contract Date: Dec 20, 2016
  • Previous Sale Document Type: 27

    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 Ottawa

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$157

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1781 ft²

Average Home Age

48.3 years

Currently For Sale

67 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

Unit for rent at 615 Green Street, Ottawa, IL, 61350

$950 /mo

  • 2 Beds
  • 1 Bath
  • 600 ft²
615 Green Street #LOWER, Ottawa, IL, 61350 Listing by Shawn Sell
Unit for rent at 611 Webster Street, Ottawa, IL, 61350

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
611 Webster Street #B, Ottawa, IL, 61350 Listing by Irina Allison

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Theresa Poundstone, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11454275
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 1113 Mulberry Street built and last sold?
The property at 1113 Mulberry Street was built in 1931 and last sold on Aug 24, 2022 for $119,000.
How much is this home worth?
The estimated value of the home located at 1113 Mulberry Street is $126,838.
What are some comparable homes to 1113 Mulberry Street?
There are currently no comparable homes to 1113 Mulberry Street.
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