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Ottawa 61350
2613 Cherie Lane
$270,000
● House - Off Market

2613 Cherie Lane

Ottawa, IL 61350
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,300 Ft²
$1,919
Est. Monthly

About This Property

Welcome to 2613 Cherie Ln. Ottawa IL.  This move in ready home is located on the north side of Ottawa in Wallace school district, easy I80 access along with close by shopping & dining.  Offering 4 bedrooms, 1.5 baths, spacious living room and lots of windows for natural sunlight, this home offers comfortable living in a convenient location.  Lower level has a bright and airy family room, laundry room/half bath combo right off the garage.  Large deck with easy kitchen access perfect for grilling and enjoying the seasons.  Lots of updates including new vinyl plank flooring throughout home installed in 2017, new water heater and water softener 2017, new roof 2017, water heater 2025, and a new concrete driveway in 2016.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$212
Property Type
House
Property Taxes
$568
HOA Dues
-
Year Built
1983

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • 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: 6,970
  • Total Building Area: 1,770
  • Gross Building Area: 1,770
  • Building Area: 1,770
  • 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: GRACEFIELD SUB
  • Land Acres: 0000000160
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GRACEFIELD SUBD, LT 3 BLK 2 SEC 36-34-3

Neighborhood

  • School District Name: Wallace Community Consolidated School District 195
  • Census Tract: 962600

Geography

  • District: DA
  • Parcel: 14-36-326-003
  • Block: 2
  • Lot: 3
  • Meridian: SEC 36 TWN 34 RNG 03
  • Municipality: DAYTON TOWNSHIP
  • Latitude: 41.3698
  • Longitude: -88.8311

    Address

  • Full Address: 2613 Cherie Ln
  • Address - House Number: 2613
  • Address - Street Name: Cherie
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C018
  • 4-Digit Zip Code: 1056
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $558,974
  • Tax Rate Code Area: DA005

    Appraisal Valuation

  • Standard Deviation: 0.2396
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 66
  • Final Value: 237,491
  • High Value: 294,412
  • Low Value: 180,570

    Market Valuation

  • Market Total Value: $190,038
  • Market Land Value: $32,598
  • Market Improvement Value: $157,440

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,346
  • Assessed Land Value: $10,866
  • Assessed Improvements Value: $52,480

    Sales

  • Current Sale Contract Date: Jun 08, 2017
  • Current Sale Recording Date: Jun 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201708213

    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 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

Unit for rent at 1952 Columbus Street, Ottawa, IL, 61350

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
1952 Columbus Street, Ottawa, IL, 61350 Listing by Delores Barrera

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Phil Makarewicz, Keller Williams Innovate
Data Source: MRED, MLS# MRD12579845
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 2613 Cherie Lane built and last sold?
The property at 2613 Cherie Lane was built in 1983 and last sold on Jun 8, 2017 for $160,000.
How much is this home worth?
The estimated value of the home located at 2613 Cherie Lane is $275,112.
What are some comparable homes to 2613 Cherie Lane?
There are currently no comparable homes to 2613 Cherie Lane.
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