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LaSalle 61350
1709 N 2479th Road
$455,000
● House - Off Market

1709 N 2479th Road

Ottawa, IL 61350
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,970 Ft²
$3,124
Est. Monthly
6.21%
Cap Rate

About This Property

Well Maintained home with 3 bedrooms on the main level and one bedroom upper level.  Located South Ottawa in Grand Ridge School District. Home sits on 1.72 acres and is beautifully landscaped surrounded by wooded trees and borders Covel Creek. Walk in Closets in all bedrooms. Solid 6 panel oak doors, heated garage, new 2021 Generac, water heater new 2023.  Out door living with screen porch and living room French doors to deck.  Vaulted ceiling in living room with gas fireplace. Room sizes and square footage approximate.
Unit Size
2,970 Ft²
Days on Market
-
Land Size
1.72 acres
Price per sqft
$160
Property Type
House
Property Taxes
$792
HOA Dues
-
Year Built
-

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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: 3 years ago (MRED MLS #11979125)

Price History

Date / Event Date Event Price
Feb 15, 2024 Sold
Premium
Sold
Feb 12, 2024 Listed by Coldwell Banker Real Estate Group $475,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

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: 108,029
  • Total Building Area: 0
  • Building Area: 0

    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: BLUFF CREEK
  • Land Acres: 0000002480
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BLUFF CREEK SUB LOT 1709

Neighborhood

  • School District Name: Grand Ridge Community Consolidated School District 95
  • Census Tract: 963500

Geography

  • District: SO
  • Parcel: 22-36-100-003
  • Lot: 1709
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.2938
  • Longitude: -88.8353

    Address

  • Full Address: 1709 N 2479th Rd
  • Address - House Number: 1709
  • Street Direction: N
  • Address - Street Name: 2479th
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R004
  • 4-Digit Zip Code: 9359
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: SO004

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 471,753
  • High Value: 565,751
  • Low Value: 377,755

    Market Valuation

  • Market Total Value: $410,850
  • Market Land Value: $56,175
  • Market Improvement Value: $354,675

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $136,950
  • Assessed Land Value: $18,725
  • Assessed Improvements Value: $118,225

    Sales

  • Current Sale Contract Date: Feb 15, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024-01527

    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:

$207,500

Sale Price/ft²

$146

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3073 ft²

Average Home Age

71.4 years

Currently For Sale

282 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: Theresa Poundstone, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11979125
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 1709 North 2479th Road built and last sold?
The property at 1709 North 2479th Road was built in and last sold on Feb 15, 2024 for $455,000.
How much is this home worth?
The estimated value of the home located at 1709 North 2479th Road is $0.
What are some comparable homes to 1709 North 2479th Road?
There are currently no comparable homes to 1709 North 2479th Road.
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