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Will 60451
1241 Ottawa Drive
$225,000
● House - Off Market

1241 Ottawa Drive

NEW LENOX, IL 60451
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,700 Ft²
$441,128
RealtyHop Estimate
91.88%
Since Sep 1, 2008
National-US
Primary Model

About This Property

Fantastic home on 1/2 acre+ lot  with peaceful setting, surro unded by nature. Professionally landscaped in front and rear. Enjoy the rear fenced yard while sitting in your cozy 4 season room w/pana ramic views!! Also features wood stove in family room. This home is neat,clean,& well taken care of. News inc. carpet,well pump,newers:rof,siding,ac,furnace,bath remods,fixtures,etc. bring your fussiest buyers!!
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$135
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1976

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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.

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,056
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 3,264
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAUK PRAIRIE ESTATES
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 14 IN SAUK PRAIRIE ESTATES UNIT 2, BEING A SUB OF PRT OF THE E1/2 OF THE NW1/4 OF SEC. 2, T34N-R11E.

Neighborhood

  • School District Name: Manhattan School District 114
  • Census Tract: 883510

Geography

  • Parcel: 14-12-02-101-012
  • Lot: 14
  • Meridian: SEC 02 TWN 34N RNG 11E
  • Municipality: MANHATTAN
  • Latitude: 41.468
  • Longitude: -87.9391

    Address

  • Full Address: 1241 Ottawa Dr
  • Legal Unit: 2
  • Address - House Number: 1241
  • Address - Street Name: Ottawa
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: New Lenox
  • Carrier Code: R003
  • 4-Digit Zip Code: 2827
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $828,892
  • Tax Rate Code Area: 1402

    Appraisal Valuation

  • Standard Deviation: 0.1504
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 81
  • Final Value: 337,336
  • High Value: 388,081
  • Low Value: 286,591

    Market Valuation

  • Market Total Value: $285,750
  • Market Land Value: $50,400
  • Market Improvement Value: $235,350

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $95,250
  • Assessed Land Value: $16,800
  • Assessed Improvements Value: $78,450

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 08, 2022
  • Current Sale Recording Date: Apr 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29611
  • Previous Sale Recording Date: Sep 18, 2020
  • Previous Sale Contract Date: Jul 29, 2020
  • Previous Sale Amount: $262,000
  • Previous Sale Document Type: 71
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 Will

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2355 ft²

Average Home Age

31.1 years

Currently For Sale

1496 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: April Blair, CRIS REALTY
Data Source: MRED, MLS# MRD06937310
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 1241 Ottawa Drive built and last sold?
The property at 1241 Ottawa Drive was built in 1976 and last sold on Apr 8, 2022 for $315,000.
How much is this home worth?
The estimated value of the home located at 1241 Ottawa Drive is $0.
What are some comparable homes to 1241 Ottawa Drive?
There are currently no comparable homes to 1241 Ottawa Drive.
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