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Ottawa 61350
1520 Birchlawn Place
$169,900
● House - Off Market

1520 Birchlawn Place

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$1,157
Est. Monthly
16.79%
Cap Rate

About This Property

This charming 3-bedroom, 1-story ranch is just off Ottawa Avenue, offering quick access to local state parks, the interstate, downtown, and more. Inside, you'll find a spacious eat-in kitchen with warm wood cabinetry and included appliances, plus a large living room with an entry closet. Three comfortable bedrooms share a full bath, and the middle bedroom opens to a bright 15x17 three-season sunroom-perfect as a family room or retreat. Enjoy the large yard in this quiet neighborhood. Recent updates include a new roof (2021), new garage, and new vinyl flooring (2024). A solid home in a prime location, ready for your personal touch!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$170
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1953

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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

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 9,539
  • Total Building Area: 1,000
  • Gross Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HESS & HESS SUB
  • Land Acres: 0000000219
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HESS & HESS SUB, LT 7 BLK 1 (EX E4') SEC 15-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962800

Geography

  • District: OT
  • Parcel: 21-15-200-011
  • Block: 1
  • Lot: 7
  • Meridian: SEC 15 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3389
  • Longitude: -88.8634

    Address

  • Full Address: 1520 Birchlawn Pl
  • Address - House Number: 1520
  • Address - Street Name: Birchlawn
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C017
  • 4-Digit Zip Code: 3404
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $318,814
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 107,300
  • High Value: 121,908
  • Low Value: 92,691

    Market Valuation

  • Market Total Value: $107,583
  • Market Land Value: $30,936
  • Market Improvement Value: $76,647

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,861
  • Assessed Land Value: $10,312
  • Assessed Improvements Value: $25,549

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-07128
  • Previous Sale Recording Date: Feb 22, 2008
  • Previous Sale Contract Date: Feb 21, 2008
  • Previous Sale Amount: $119,000
  • 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 Ottawa

Stats & Trends

Median Asking:

$229,700

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1752 ft²

Average Home Age

50.6 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
Data Source: MRED, MLS# MRD12444578
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 1520 Birchlawn Place built and last sold?
The property at 1520 Birchlawn Place was built in 1953 and last sold on Apr 28, 2021 for $122,000.
How much is this home worth?
The estimated value of the home located at 1520 Birchlawn Place is $0.
What are some comparable homes to 1520 Birchlawn Place?
There are currently no comparable homes to 1520 Birchlawn Place.
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