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Ottawa 61350
501 Cassidy Avenue
$220,000
● House - Off Market

501 Cassidy Avenue

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$482,784
RealtyHop Estimate
110.00%
Since Nov 1, 2009
National-US
Primary Model

About This Property

Brand new 3 bedroom, 1700 sq ft ranch built in new SouthRidge Subdivision by Leamy Construction. Gorgeous kitchen with granite tops, island and raised bar.  Vinyl siding with brick accent andcovered porch entry. Open vaulted living/dining/kitchen area.Stone fireplace in living room Master bedroom tray ceiling. Master separate wing of house for privacy. No association fee.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$139
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008

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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.

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • 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: 11,326
  • Total Building Area: 1,625
  • Gross Building Area: 1,625
  • Building Area: 1,625
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,625
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH RIDGE SUB (P-1)
  • Land Acres: 0000000260
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH RIDGE SUB PHASE 1, LT 13 SEC 24-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963500

Geography

  • District: SO
  • Subdivision Phase Number: 1
  • Parcel: 22-24-104-001
  • Lot: 13
  • Meridian: SEC 24 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.321
  • Longitude: -88.8337

    Address

  • Full Address: 501 Cassidy Ave
  • Address - House Number: 501
  • Address - Street Name: Cassidy
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R005
  • 4-Digit Zip Code: 2308
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $946,100
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.2568
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 263,312
  • High Value: 330,950
  • Low Value: 195,675

    Market Valuation

  • Market Total Value: $265,398
  • Market Land Value: $36,747
  • Market Improvement Value: $228,651

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,466
  • Assessed Land Value: $12,249
  • Assessed Improvements Value: $76,217

    Sales

  • Current Sale Contract Date: Jul 18, 2022
  • Current Sale Recording Date: Jul 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-09530
  • Previous Sale Recording Date: Oct 19, 2009
  • Previous Sale Contract Date: Oct 15, 2009
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First 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 Ottawa

Stats & Trends

Median Asking:

$229,500

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1766 ft²

Average Home Age

51 years

Currently For Sale

70 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

Unit for rent at 611 Webster Street, Ottawa, IL, 61350

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
611 Webster Street #B, Ottawa, IL, 61350 Listing by Irina Allison

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Theresa Poundstone, ABR,CRS,GRI, Haeberle & Associates Inc.
Data Source: MRED, MLS# MRD06669052
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 501 Cassidy Avenue built and last sold?
The property at 501 Cassidy Avenue was built in 2008 and last sold on Jul 18, 2022 for $220,000.
How much is this home worth?
The estimated value of the home located at 501 Cassidy Avenue is $237,484.
What are some comparable homes to 501 Cassidy Avenue?
There are currently no comparable homes to 501 Cassidy Avenue.
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