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Ottawa 61350
1521 Birchlawn Place
$229,000
● House - Off Market

1521 Birchlawn Place

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$1,506
Est. Monthly
12.36%
Cap Rate

About This Property

Welcome to this well-maintained single-story brick ranch home offering classic charm and modern convenience.  Nestled on a quiet dead-end street, this property features great curb appeal, wide concrete driveway, and manicured landscaping.  Inside boasts modern updates including grey shaker kitchen cabinets, quartz counters and stainless appliance package.  Spacious living room with lots of windows, full basement for potential of more living space, and fenced in backyard.
Unit Size
1,120 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$204
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1955

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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
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 7,405
  • Total Building Area: 1,120
  • Gross Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HESS & HESS SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HESS & HESS SUB OF LT 37 & PT LT 36 OTTAWA CITY ADD, LT 2 BLK 2 SEC 15-33-3

Neighborhood

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

Geography

  • District: OT
  • Parcel: 21-15-201-003
  • Block: 2
  • Lot: 37-2
  • Meridian: SEC 15 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3386
  • Longitude: -88.863

    Address

  • Full Address: 1521 Birchlawn Pl
  • Address - House Number: 1521
  • Address - Street Name: Birchlawn
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C017
  • 4-Digit Zip Code: 3403
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $362,578
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 260,653
  • High Value: 366,218
  • Low Value: 155,087

    Market Valuation

  • Market Total Value: $134,880
  • Market Land Value: $27,999
  • Market Improvement Value: $106,881

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $44,960
  • Assessed Land Value: $9,333
  • Assessed Improvements Value: $35,627

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 09, 2022
  • Current Sale Document Type: 4
  • Current Sale Input Document Number: 2022-15525

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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

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: Phil Makarewicz, Keller Williams Innovate
Data Source: MRED, MLS# MRD12455315
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 1521 Birchlawn Place built and last sold?
The property at 1521 Birchlawn Place was built in 1955 and last sold on Dec 8, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 1521 Birchlawn Place is $0.
What are some comparable homes to 1521 Birchlawn Place?
There are currently no comparable homes to 1521 Birchlawn Place.
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