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LaSalle 61350
3020 E 1489 Road
$22,500
● Land - Off Market

3020 E 1489 Road

Ottawa, IL 61350
bedrooms
Studio
bathrooms
0 Bath
$30,500
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

1.25 acre lot in Trails of Terra Cotta Phase II. Winding streets. Underground utilities. Wallace Grade School district. Agent owned.
Unit Size
-
Days on Market
-
Land Size
1.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$7
HOA Dues
-
Year Built
-

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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: 3 years ago (MRED MLS #09790974)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
Oct 31, 2017 Listed by RE/MAX 1st Choice $29,500
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: 54,450
  • 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: V
  • Subdivision: TRAILS OF TERRA COTTA (P-2)
  • Land Acres: 0000001250
  • Standard Land Use Code: 8008
  • County Land Use Code: 0021
  • Legal Description 1: TRAILS OF TERRA COTTA PHASE II, LT 3020 SEC 33-34-3

Neighborhood

  • School District Name: Wallace Community Consolidated School District 195
  • Census Tract: 962200

Geography

  • District: WA
  • Subdivision Phase Number: 2
  • Parcel: 13-33-401-009
  • Lot: 3020
  • Meridian: SEC 33 TWN 34 RNG 03
  • Municipality: WALLACE TOWNSHIP
  • Latitude: 41.3743
  • Longitude: -88.8764

    Address

  • Full Address: 3020 E 1489th Rd
  • Address - House Number: 3020
  • Street Direction: E
  • Address - Street Name: 1489th
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R001
  • 4-Digit Zip Code: 9000
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: WA002

    Market Valuation

  • Market Total Value: $2,751
  • Market Land Value: $2,751

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,009
  • Assessed Land Value: $1,009

    Sales

  • Current Sale Contract Date: Feb 24, 2024
  • Current Sale Recording Date: Feb 26, 2024
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2024-01770
  • Previous Sale Recording Date: Aug 22, 2022
  • Previous Sale Contract Date: Aug 11, 2022
  • Previous Sale Amount: $4,500
  • Previous Sale Document Type: 69

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Type:
    Premium
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:

$209,950

Sale Price/ft²

$148

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3100 ft²

Average Home Age

73.4 years

Currently For Sale

279 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: Thomas Haeberle, RE/MAX 1st Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 09790974
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 3020 East 1489th Road built and last sold?
The property at 3020 East 1489th Road was built in and last sold on Feb 24, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 3020 East 1489th Road is $0.
What are some comparable homes to 3020 East 1489th Road?
There are currently no comparable homes to 3020 East 1489th Road.
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