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Ottawa 61350
1249 TOWER Drive
Photo of 1249 TOWER Drive

1

Map

$40,900
● Land - For Sale

1249 TOWER Drive

Ottawa, IL 61350
bedrooms
Studio
bathrooms
0 Bath
$207
Est. Monthly

About This Property

DESIRABLE LOT IN POPULAR PEMBROOK SUBD FEATURING 4 ACRE RECREATIONAL PARK INCLUDING BASKETBALL & TENNIS COURTS, BASE BALL AREA, SHELTERS & PLAYGROUND. EXCLUSIVE TO HOMEOWNERS.  CITY WATER/SEWER. NEED TO PLANT 2 TREES & POUR SIDEWALK IN FRONT YARD. LOT 85X175x150
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$6
HOA Dues
-
Year Built
-

Listed By

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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.

Property Highlights

Exterior Details
Lot Size Area: 13939.2
Lot Size Units: Square Feet
Lot Size Acres: 0.32
Lot Size Square Feet: 13939.2
Lot Size Dimensions: 85X175
Financial Details
Tax Annual Amount: $68

Building Info

Overview

    General

  • 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: 13,939
  • Total Building Area: 0
  • Building Area: 0

    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: V
  • Subdivision: PEMBROOK SUB (P-2)
  • Land Acres: 0000000320
  • Standard Land Use Code: 8001
  • County Land Use Code: 0032
  • Legal Description 1: PEMBROOK SUBD PHASE II, LT 39 SEC 22-33-3

Neighborhood

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

Geography

  • District: SO
  • Subdivision Phase Number: 2
  • Parcel: 22-22-206-004
  • Lot: 39
  • Meridian: SEC 22 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3232
  • Longitude: -88.8619

    Address

  • Full Address: 1249 Tower Dr
  • Address - House Number: 1249
  • Address - Street Name: Tower
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R004
  • 4-Digit Zip Code: 9145
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,916
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SO001

    Market Valuation

  • Market Total Value: $1,647
  • Market Land Value: $1,647

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $549
  • Assessed Land Value: $549
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:

$229,500

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1766 ft²

Average Home Age

51 years

Currently For Sale

70 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 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
Data Source: MRED, MLS# MRD12509242
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 1249 Tower Drive built and last sold?
The property at 1249 Tower Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1249 Tower Drive is $41,309.
What are some comparable homes to 1249 Tower Drive?
There are currently no comparable homes to 1249 Tower Drive.
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