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Ottawa 61350
401 Adams Street
$130,000
● House - Off Market

401 Adams Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,100 Ft²
$139,518
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

MUST SEE!! Well built 3 Bedroom 1.5 bath Home with many up-dates.  New furnace and A/C in 2022. New windows, carpet, patio, exterior doors, new double garage door, screened in porch, exterior of home painted all in 2022.  Large New Exterior Shed (Amish Built) in 2022 (20 x 12).  Interior Painted in 2021.  Roof new in 2020,  Washer, Dryer, Stove, and Refrigerator stay.  2 car detached garage.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$127
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1900

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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.

Last updated: 2 years ago (MRED MLS #11797964)

Price History

Date / Event Date Event Price
Jul 6, 2023 Sold
Premium
Sold
Jun 2, 2023 Listed by Washington Square, Realtors $139,900
Listed by Washington Square, Realtors

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 6,534
  • Total Building Area: 1,020
  • Gross Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLOVERS ADD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GLOVER'S ADD TO OTTAWA LOT 1 BLK 6

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963600

Geography

  • District: SO
  • Parcel: 22-14-106-001
  • Block: 6
  • Lot: 1
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3375
  • Longitude: -88.8469

    Address

  • Full Address: 401 Adams St
  • Address - House Number: 401
  • Address - Street Name: Adams
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 5103
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $376,286
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 241,415
  • High Value: 339,189
  • Low Value: 143,640

    Market Valuation

  • Market Total Value: $105,555
  • Market Land Value: $25,422
  • Market Improvement Value: $80,133

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,185
  • Assessed Land Value: $8,474
  • Assessed Improvements Value: $26,711

    Sales

  • Current Sale Contract Date: Jul 05, 2023
  • Current Sale Recording Date: Jul 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-06680
  • Previous Sale Recording Date: Nov 24, 2014
  • Previous Sale Contract Date: Nov 18, 2014
  • Previous Sale Amount: $37,500
  • Previous Sale Document Type: 71

    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

Rentals Near You

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MRED

Listed by: James Rice, Washington Square, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 11797964
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 401 Adams Street built and last sold?
The property at 401 Adams Street was built in 1900 and last sold on Jul 5, 2023 for $130,000.
How much is this home worth?
The estimated value of the home located at 401 Adams Street is $0.
What are some comparable homes to 401 Adams Street?
There are currently no comparable homes to 401 Adams Street.
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