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Ottawa 61350
1121 Meadowview Lane
$380,000
● House - Off Market

1121 Meadowview Lane

Ottawa, IL 61350
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,621 Ft²
$2,618
Est. Monthly
8.08%
Cap Rate

About This Property

Wonderful 2 story home on Ottawa's south side.  5 bedrooms, 3.5 baths.  Full partially finished basement.  Three car attached garage.
Unit Size
2,621 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
$777
HOA Dues
-
Year Built
2003

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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: 3 years ago (MRED MLS #12102399)

Price History

Date / Event Date Event Price
Aug 15, 2024 Sold
Premium
Sold
Jul 5, 2024 Listed by Coldwell Banker Real Estate Group $375,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 14,810
  • Total Building Area: 2,304
  • Gross Building Area: 2,304
  • Building Area: 2,304
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEER RUN ESTATES PHASE II
  • Land Acres: 0000000340
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: DEER RUN ESTATES PHASE II LOT 5

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963600

Geography

  • District: SO
  • Subdivision Phase Number: 2
  • Parcel: 22-14-349-004
  • Lot: 5
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3305
  • Longitude: -88.8538

    Address

  • Full Address: 1121 Meadowview Ln
  • Address - House Number: 1121
  • Address - Street Name: Meadowview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C016
  • 4-Digit Zip Code: 4276
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $855,794
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.4476
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 10
  • Final Value: 267,034
  • High Value: 386,569
  • Low Value: 147,498

    Market Valuation

  • Market Total Value: $258,066
  • Market Land Value: $42,090
  • Market Improvement Value: $215,976

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,022
  • Assessed Land Value: $14,030
  • Assessed Improvements Value: $71,992
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:

$227,200

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1783 ft²

Average Home Age

48.6 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

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MRED

Listed by: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12102399
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 1121 Meadowview Lane built and last sold?
The property at 1121 Meadowview Lane was built in 2003 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1121 Meadowview Lane is $0.
What are some comparable homes to 1121 Meadowview Lane?
There are currently no comparable homes to 1121 Meadowview Lane.
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