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Ottawa 61350
1608 Dairy Lane
$192,000
● House - Off Market

1608 Dairy Lane

OTTAWA, IL 61350
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,891 Ft²
$362,344
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

3 bedroom, brick ranch with finished basement located on large lot in Countryside Subdivision.  Eat in kitchen features vaulted ceilings and breakfast bar. Master suite with bathroom. 3 car garage large fenced in yard.
Unit Size
1,891 Ft²
Days on Market
-
Land Size
-
Price per sqft
$116
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1992

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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.

Last updated: 2 years ago (MRED MLS #09246748)

Price History

Date / Event Date Event Price
Mar 29, 2017 Sold
Premium
Sold
Jun 3, 2016 Listed by RE/MAX 1st Choice $219,900
Listed by RE/MAX 1st Choice

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 15,246
  • Total Building Area: 1,890
  • Gross Building Area: 1,890
  • Building Area: 1,890
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,890
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRYSIDE SUB UNIT 2
  • Land Acres: 0000000350
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COUNTRYSIDE SUB UNIT II, LT 20 SEC 23-33-3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-23-101-023
  • Lot: 20
  • Meridian: SEC 23 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3208
  • Longitude: -88.8503

    Address

  • Full Address: 1608 Dairy Ln
  • Legal Unit: 2
  • Address - House Number: 1608
  • Address - Street Name: Dairy
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C015
  • 4-Digit Zip Code: 4760
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $788,046
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.2396
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 66
  • Final Value: 290,188
  • High Value: 359,739
  • Low Value: 220,637

    Market Valuation

  • Market Total Value: $254,061
  • Market Land Value: $38,838
  • Market Improvement Value: $215,223

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $84,687
  • Assessed Land Value: $12,946
  • Assessed Improvements Value: $71,741

    Sales

  • Current Sale Contract Date: Aug 18, 2020
  • Current Sale Recording Date: Aug 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202012675
  • Previous Sale Recording Date: Mar 31, 2017
  • Previous Sale Contract Date: Mar 29, 2017
  • Previous Sale Amount: $194,000
  • Previous Sale Document Type: 27

    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: Thomas Haeberle, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 09246748
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 1608 Dairy Lane built and last sold?
The property at 1608 Dairy Lane was built in 1992 and last sold on Aug 18, 2020 for $245,000.
How much is this home worth?
The estimated value of the home located at 1608 Dairy Lane is $0.
What are some comparable homes to 1608 Dairy Lane?
There are currently no comparable homes to 1608 Dairy Lane.
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