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Ottawa 61350
321 Boyce Memorial Drive
$50,000
● House - Off Market

321 Boyce Memorial Drive

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,220 Ft²
$73,353
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Greater starter or fixer upper! 2 BR, 1 Ba with front sun porch, detached garage. Property sold as-is.
Unit Size
1,220 Ft²
Days on Market
-
Land Size
-
Price per sqft
$41
Property Type
House
Property Taxes
$174
HOA Dues
-
Year Built
1937

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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 #10370344)

Price History

Date / Event Date Event Price
Jun 27, 2019 Sold
Premium
Sold
May 7, 2019 Listed by RE/MAX 1st Choice $49,900
Listed by RE/MAX 1st Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • 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: 6,098
  • Total Building Area: 896
  • Gross Building Area: 896
  • Building Area: 896
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 896
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PT SE1/4 SW1/4 SEC 10-33-3, N50' S402.5' W120' E150.5' KNOWN AS LT 2

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962800

Geography

  • District: OT
  • Parcel: 21-10-303-002
  • Lot: 2
  • Meridian: SEC 10 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3403
  • Longitude: -88.8652

    Address

  • Full Address: 321 Boyce Memorial Dr
  • Address - House Number: 321
  • Address - Street Name: Boyce Memorial
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C017
  • 4-Digit Zip Code: 3257
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $256,046
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 104,868
  • High Value: 119,145
  • Low Value: 90,590

    Market Valuation

  • Market Total Value: $89,946
  • Market Land Value: $17,709
  • Market Improvement Value: $72,237

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,982
  • Assessed Land Value: $5,903
  • Assessed Improvements Value: $24,079

    Sales

  • Current Sale Contract Date: Jun 27, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201907635
  • Previous Sale Recording Date: Mar 18, 2014
  • Previous Sale Contract Date: Feb 14, 2014
  • Previous Sale Amount: $28,000
  • Previous Sale Document Type: 33

    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

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MRED

Listed by: Jamie Unholz, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 10370344
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 321 Boyce Memorial Drive built and last sold?
The property at 321 Boyce Memorial Drive was built in 1937 and last sold on Jun 27, 2019 for $50,000.
How much is this home worth?
The estimated value of the home located at 321 Boyce Memorial Drive is $0.
What are some comparable homes to 321 Boyce Memorial Drive?
There are currently no comparable homes to 321 Boyce Memorial Drive.
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