When was property at 502 Buchanan Street built and last sold?

The property at 502 Buchanan Street was built in 1925 and last sold on Apr 30, 2021 for $88,000.

How much is this home worth?

The estimated value of the home located at 502 Buchanan Street is $153,175.

What are some comparable homes to 502 Buchanan Street?

There are currently no comparable homes to 502 Buchanan Street.

Ottawa

61350

502 Buchanan Street

$90,000

● House - Off Market

502 Buchanan Street

Ottawa, IL 61350

2 Beds

2 Baths, 1 Half Bath

1,100 Ft²

$116,135

RealtyHop Estimate

21.61%

Since May 1, 2021

National-US

Primary Model

About This Property

One story, two - three bedroom, bath and a half home with large living room, Kitchen, Dining with one car attached garage, basement all on a corner lot in walking distance to shopping. Just 15 minute drive to Starved Rock and Buffalo Rock State Park.

Unit Size

1,100 Ft²

Days on Market

Land Size

0.09 acres

Price per sqft

$87

Property Type

House

Property Taxes

$240

HOA Dues

Year Built

1925

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #10955432)

Price History

Date / Event	Date	Event
Mar 17, 2025	Sold	Premium
Sold
Feb 12, 2025	In contract	-
In contract
Feb 7, 2025	Listed by TCG Realty	$149,000
Listed by TCG Realty

	Welcome to this charming, updated one-story home located on a desirable corner lot in a peaceful neighborhood. This cozy 2-bedroom, 1.5-bathroom home is ready for you to move in and make it your own. Also boasting a main floor laundry with included machines, a new roof (2024), and updated electrical panel. The attached one car garage offers direct access, while the updated flooring throughout adds a fresh, modern touch. This home is truly turnkey, offering an ideal location and all the right features for easy living!
Apr 30, 2021	Sold	Premium
Sold
Dec 17, 2020	Listed by Washington Square, Realtors	$95,500
Listed by Washington Square, Realtors

Property Highlights

Building Info

Overview

General

Year Built: 1925

Effective Year Built: 1925
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: 3,920

Total Building Area: 1,188
Gross Building Area: 1,188
Building Area: 1,188
Building Area Measurement: T

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 1,188
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: ASSESSORS SUB OF O L S SW 1/4 SEC 11-33
Land Acres: 0000000090
Standard Land Use Code: 1999
County Land Use Code: 0040
Legal Description 1: ASSESSORS SUB OL SEC 11-33-3, S50' SL 3 W1/2 TRACTS COMPOSED OF PT LTS 32 & 33 SEC 11-33-3, S OF MAIN ST, E OF BUCHANAN ST, N

Neighborhood

School District Name: Ottawa Elementary School District 141

Census Tract: 962800

Geography

District: OT

Parcel: 21-11-308-006
Lot: 32-34
Meridian: SEC 11 TWN 33 RNG 03
Municipality: OTTAWA TOWNSHIP
Latitude: 41.3452
Longitude: -88.8516

Address

Full Address: 502 Buchanan St

Address - House Number: 502
Address - Street Name: Buchanan
Address - Suffix Type: St
State: IL
City Name: Ottawa
Carrier Code: C001
4-Digit Zip Code: 3336
Zip Code: 61350

Valuation

Tax

Tax Year: 2022

Tax Amount: $315,098
Tax Rate Code Area: OT002

Appraisal Valuation

Standard Deviation: 0.2707

Valuation Date: Jun 14, 2023
Confidence Score: 61
Final Value: 108,169
High Value: 137,457
Low Value: 78,880

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Type:

Premium

Market Valuation

Market Total Value: $88,539

Market Land Value: $22,161
Market Improvement Value: $66,378

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $29,513
Assessed Land Value: $7,387
Assessed Improvements Value: $22,126

Sales

Current Sale Contract Date: Apr 30, 2021

Current Sale Recording Date: May 03, 2021
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2021-06741

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Ottawa

Stats & Trends

Median Asking:

$229,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

Average Home Size

1734 ft²

Average Home Age

52 years

Currently For Sale

67 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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Listed by: Katie Troccoli, Washington Square, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 10955432

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.

502 Buchanan Street

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Ottawa

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions