Sold Aug 30, 2011
$156,000
Seller
$152,045
by Wells Fargo Bank Na
Mortgage Due Sep 01, 2041
Sold Mar 28, 2005
$118,500
Buyer
Seller
$141,500
by Ottawa Savings Bank
Mortgage Due Apr 01, 2035
401 2nd Avenue has been categorized by the local assessors in Ottawa, IL as a residential type of property.
The building on the property was first built in 1895 and is 129 years old.
The area measurement of the land has been determined as 7,405 square feet.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 401 2nd Avenue sold most recently in Aug 25, 2011 for a total of $156,000. If you work out the math, that's approximately a cost of $84.87 per sqft. Before that, the property was also sold for $118,500 in Feb 21, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,644 in taxes each year. 401 2nd Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $49,427. If we break it down further, the land itself was valued at $7,146. Improvements to the property, however, were assessed at a total of $42,281. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 401 2nd Avenue sold most recently in Aug 25, 2011 for a total of $156,000. If you work out the math, that's approximately a cost of $84.87 per sqft. Before that, the property was also sold for $118,500 in Feb 21, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,644 in taxes each year. 401 2nd Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $49,427. If we break it down further, the land itself was valued at $7,146. Improvements to the property, however, were assessed at a total of $42,281. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.
This property description is generated based on publicly available data.
401 2nd Avenue, Ottawa, IL 61350
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