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Ottawa 61350
1115 Marcy Street
$169,000
● House - Off Market

1115 Marcy Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,475 Ft²
$181,175
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Three bedroom, 1.5 bathroom, 2-story Colonial style home on Ottawa's southside. The original and current owners have taken great care of this home and it shows pride of ownership from top to bottom. Features include a spacious living room with an open staircase and bay window. First floor powder room. The kitchen has ample cabinets and includes appliances. The dining room is off the kitchen and has a bay window for natural light and bright kitchen/dining area. The upper level has 3 bedrooms all with parquet wood floors and a shared master bathroom. Full basement perfect for finishing. Private fenced back yard with storage shed and patio. Recent updates include HVAC 2 years +/- and some replacement windows.
Unit Size
1,475 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$114
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1969

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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 #11222144)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Sep 17, 2021 Listed by Coldwell Banker Real Estate Group $167,500
Listed by Coldwell Banker Real Estate Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • 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: 7,405
  • Total Building Area: 1,388
  • Gross Building Area: 1,388
  • Building Area: 1,388
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLEGE HILL SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COLLEGE HILL SUB, LT 7 BLK 4 SEC 14-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963500

Geography

  • District: SO
  • Parcel: 22-14-422-009
  • Block: 4
  • Lot: 7
  • Meridian: SEC 14 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3266
  • Longitude: -88.8457

    Address

  • Full Address: 1115 Marcy St
  • Address - House Number: 1115
  • Address - Street Name: Marcy
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C016
  • 4-Digit Zip Code: 4327
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $447,960
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 152,870
  • High Value: 173,683
  • Low Value: 132,056

    Market Valuation

  • Market Total Value: $143,661
  • Market Land Value: $22,245
  • Market Improvement Value: $121,416

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,887
  • Assessed Land Value: $7,415
  • Assessed Improvements Value: $40,472

    Sales

  • Current Sale Contract Date: Jan 14, 2022
  • Current Sale Recording Date: Jan 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-00818

    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

1780 ft²

Average Home Age

48 years

Currently For Sale

71 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: George Shanley, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11222144
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 1115 Marcy Street built and last sold?
The property at 1115 Marcy Street was built in 1969 and last sold on Jan 14, 2022 for $169,000.
How much is this home worth?
The estimated value of the home located at 1115 Marcy Street is $0.
What are some comparable homes to 1115 Marcy Street?
There are currently no comparable homes to 1115 Marcy Street.
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