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Ottawa 61350
2714 Cherie Lane
$185,000
● House - Off Market

2714 Cherie Lane

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,970 Ft²
$248,315
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Spacious home located in Wallace school district offering 1970sf of finished living space, 3 bedrooms, 2.5 baths, attached 2 car garage, and a fenced in yard for all your furry friends. First level features living room/dining/kitchen combo, with lower level boasting large family room with brick fireplace, half-bath and garage access.  Upper level features all bedrooms, full hall bath, and master bedroom equipped with master bath and walk-in closet.  Recent updates include all new carpeting, new vinyl double pane windows, new front door and back patio slider, roof 2004, furnace & A/C approx. 2014, new vinyl fence and new garage door and opener.  VA, USDA & FHA loans are welcome, schedule your private showing today.
Unit Size
1,970 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$96
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1976

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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 #10902749)

Price History

Date / Event Date Event Price
Dec 4, 2020 Sold
Premium
Sold
Oct 12, 2020 Listed by RE/MAX 1st Choice $189,000
Listed by RE/MAX 1st Choice

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 9,148
  • Total Building Area: 1,974
  • Gross Building Area: 1,974
  • Building Area: 1,974
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,974
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRACEFIELD SUB
  • Land Acres: 0000000210
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GRACEFIELD SUB, LT 5 BLK 3 SEC 36-34-3

Neighborhood

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

Geography

  • District: DA
  • Parcel: 14-36-327-005
  • Block: 3
  • Lot: 5
  • Meridian: SEC 36 TWN 34 RNG 03
  • Municipality: DAYTON TOWNSHIP
  • Latitude: 41.3715
  • Longitude: -88.8301

    Address

  • Full Address: 2714 Cherie Ln
  • Address - House Number: 2714
  • Address - Street Name: Cherie
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C018
  • 4-Digit Zip Code: 1039
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $476,960
  • Tax Rate Code Area: DA005

    Appraisal Valuation

  • Standard Deviation: 0.2521
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 64
  • Final Value: 211,541
  • High Value: 264,873
  • Low Value: 158,208

    Market Valuation

  • Market Total Value: $164,796
  • Market Land Value: $32,598
  • Market Improvement Value: $132,198

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $54,932
  • Assessed Land Value: $10,866
  • Assessed Improvements Value: $44,066

    Sales

  • Current Sale Contract Date: Oct 28, 2016
  • Current Sale Recording Date: Oct 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201616540

    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:

$229,900

Sale Price/ft²

$157

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1780 ft²

Average Home Age

48 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: Phil Makarewicz, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 10902749
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 2714 Cherie Lane built and last sold?
The property at 2714 Cherie Lane was built in 1976 and last sold on Oct 28, 2016 for $139,000.
How much is this home worth?
The estimated value of the home located at 2714 Cherie Lane is $0.
What are some comparable homes to 2714 Cherie Lane?
There are currently no comparable homes to 2714 Cherie Lane.
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