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Ottawa 61350
1251 Tower Drive
$246,000
● House - Off Market

1251 Tower Drive

OTTAWA, IL 61350
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,900 Ft²
$464,494
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

Brand new construction 3-4 bedroom ranch on corner lot in popular Pembrook Subd. Future 4th bedroom on its own level. Extra 12x12 storage. Partial Ledgestone front. Open floor plan with plant shelf. Kitchen boasts 6x6 pantry & desk area.  Anderson windows. Pre-plumbed in basement for future bath. 400 sq ft of attic space framed, insulated for future finishing of 4th bedroom. Quality throughout. Park Assoc fee.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$131
Property Type
House
Property Taxes
$4
HOA Dues
$25
Year Built
2007

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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

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • 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: 16,117
  • Total Building Area: 1,978
  • Gross Building Area: 1,978
  • Building Area: 1,978
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,978
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEMBROOK SUB (P-2)
  • Land Acres: 0000000370
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PEMBROOK SUB PHASE II, LT 38 SEC 22-33-3

Neighborhood

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

Geography

  • District: SO
  • Subdivision Phase Number: 2
  • Parcel: 22-22-206-005
  • Lot: 38
  • Meridian: SEC 22 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3233
  • Longitude: -88.8623

    Address

  • Full Address: 1251 Tower Dr
  • Address - House Number: 1251
  • 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: $815,840
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.2568
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 299,971
  • High Value: 377,026
  • Low Value: 222,917

    Market Valuation

  • Market Total Value: $246,858
  • Market Land Value: $49,968
  • Market Improvement Value: $196,890

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $82,286
  • Assessed Land Value: $16,656
  • Assessed Improvements Value: $65,630

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-04729
  • Previous Sale Recording Date: May 09, 2008
  • Previous Sale Contract Date: May 09, 2008
  • Previous Sale Amount: $246,000
  • Previous Sale Document Type: 71

    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:

$229,500

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, ABR,CRS,GRI, Haeberle & Associates Inc.
Data Source: MRED, MLS# MRD06449773
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 1251 Tower Drive built and last sold?
The property at 1251 Tower Drive was built in 2007 and last sold on May 11, 2023 for $305,000.
How much is this home worth?
The estimated value of the home located at 1251 Tower Drive is $238,510.
What are some comparable homes to 1251 Tower Drive?
There are currently no comparable homes to 1251 Tower Drive.
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