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LaSalle 61350
1650 N 2501st Road S
$165,000
● House - Off Market

1650 N 2501st Road S

OTTAWA, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,827 Ft²
$263,943
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

LOCATION, LOCATION!!  Beautiful Brick home in a great rural location (right near Pine Hills Golf Course), with many new up-dates. New appliances, many new windows, kitchen has been re-done, and new siding on family room  3 large bedrooms, 2 bathrooms (Master Bath-whirl pool tub) , cozy gas fireplace, vaulted ceilings, custom book shelves, skylights, and huge bay window.  There is an extra lot, and shed that are part of  this gorgeous property.  Homew Warranty is furnished!! A "DEFINITE MUST SEE"!
Unit Size
1,827 Ft²
Days on Market
-
Land Size
-
Price per sqft
$94
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1958

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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.

Last updated: 2 years ago (MRED MLS #09577510)

Price History

Date / Event Date Event Price
Apr 2, 2018 Sold
Premium
Sold
Mar 28, 2017 Listed by Starved Rock Realty $172,000
Listed by Starved Rock Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 23,958
  • Total Building Area: 1,627
  • Gross Building Area: 1,627
  • Building Area: 1,627
  • Building Area Measurement: T

    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: R
  • Subdivision: HAWTHORN HILLS RESUB
  • Land Acres: 0000000550
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HAWTHORN HILLS RESUB, LTS 1 & 2 SEC 26-33-3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-26-302-020
  • Lot: 1-2
  • Meridian: SEC 26 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.2981
  • Longitude: -88.8481

    Address

  • Full Address: 1650 N 2501st Rd
  • Address - House Number: 1650
  • Street Direction: N
  • Address - Street Name: 2501st
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R004
  • 4-Digit Zip Code: 9350
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $522,918
  • Tax Rate Code Area: SO002

    Appraisal Valuation

  • Standard Deviation: 0.21
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 71
  • Final Value: 225,374
  • High Value: 272,724
  • Low Value: 178,025

    Market Valuation

  • Market Total Value: $189,369
  • Market Land Value: $27,777
  • Market Improvement Value: $161,592

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,123
  • Assessed Land Value: $9,259
  • Assessed Improvements Value: $53,864

    Sales

  • Current Sale Contract Date: Apr 02, 2018
  • Current Sale Recording Date: Apr 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201803795
  • Previous Sale Recording Date: Oct 24, 2014
  • Previous Sale Contract Date: Oct 23, 2014
  • Previous Sale Amount: $170,000
  • 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 LaSalle

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$147

Below Asking

0.02%

Average Days on Market

51

Average Home Size

3089 ft²

Average Home Age

71.8 years

Currently For Sale

278 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: James Rice, Starved Rock Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 09577510
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 1650 North 2501st Road built and last sold?
The property at 1650 North 2501st Road was built in 1958 and last sold on Apr 2, 2018 for $165,000.
How much is this home worth?
The estimated value of the home located at 1650 North 2501st Road is $0.
What are some comparable homes to 1650 North 2501st Road?
There are currently no comparable homes to 1650 North 2501st Road.
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