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LaSalle 61350
1680 N 2501st Road
$134,500
● Land - Off Market

1680 N 2501st Road

OTTAWA, IL 61350
bedrooms
Studio
bathrooms
0 Bath
$278,905
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

7.63 acre lot with Covel Creek frontage. Close to town and schools.  Great place for a growing family that likes the outdoors.
Unit Size
-
Days on Market
-
Land Size
7.63 acres
Price per sqft
-
Property Type
Land
Property Taxes
$212
HOA Dues
-
Year Built
-

Payment Calculator

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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 #09154721)

Price History

Date / Event Date Event Price
Aug 4, 2017 Sold
Premium
Sold
Mar 2, 2016 Listed by RE/MAX 1st Choice $174,900
Listed by RE/MAX 1st Choice

Property Highlights

Building Info

Overview

    General

  • 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: 332,363
  • Total Building Area: 2,126
  • Gross Building Area: 2,126
  • Building Area: 2,126
  • 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: EDGEWHITE SUB
  • Land Acres: 0000007630
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: EDGEWHITE SUB, LT 1680 SEC 26-33-3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-26-413-007
  • Lot: 1680
  • Meridian: SEC 26 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.2969
  • Longitude: -88.8396

    Address

  • Full Address: 1680 N 2501st Rd
  • Address - House Number: 1680
  • Street Direction: N
  • Address - Street Name: 2501st
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R004
  • 4-Digit Zip Code: 9355
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,012,218
  • Tax Rate Code Area: SO002

    Appraisal Valuation

  • Standard Deviation: 0.2273
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 68
  • Final Value: 405,671
  • High Value: 497,894
  • Low Value: 313,448

    Market Valuation

  • Market Total Value: $366,564
  • Market Land Value: $110,766
  • Market Improvement Value: $255,798

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $122,188
  • Assessed Land Value: $36,922
  • Assessed Improvements Value: $85,266

    Sales

  • Current Sale Contract Date: Jul 25, 2017
  • Current Sale Recording Date: Aug 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201712977
  • Previous Sale Recording Date: Mar 30, 2016
  • Previous Sale Contract Date: Mar 07, 2016
  • Previous Sale Amount: $158,000
  • Previous Sale Document Type: 55

    Financing

  • First Mortgage Financing Type: VAR
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:

$207,500

Sale Price/ft²

$146

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3056 ft²

Average Home Age

71.4 years

Currently For Sale

284 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

Rentals Near You

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MRED

Listed by: Thomas Haeberle, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 09154721
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 1680 North 2501st Road built and last sold?
The property at 1680 North 2501st Road was built in and last sold on Jul 25, 2017 for $134,500.
How much is this home worth?
The estimated value of the home located at 1680 North 2501st Road is $176,649.
What are some comparable homes to 1680 North 2501st Road?
There are currently no comparable homes to 1680 North 2501st Road.
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