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Ottawa 61350
529 Pearl Street
$325,000
● House - Off Market

529 Pearl Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,668 Ft²
$2,106
Est. Monthly
7.63%
Cap Rate
Unit Size
1,668 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$195
Property Type
House
Property Taxes
$509
HOA Dues
-
Year Built
1925

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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

Garage
Air Conditioning
Fireplace

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: 10,454
  • Total Building Area: 1,478
  • Gross Building Area: 1,478
  • Building Area: 1,478
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,478
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENS ADD
  • Land Acres: 0000000240
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GREEN'S ADD, W1/2 LT 2 (EX E4 1/2') & LT 3 BLK 13 SEC 12-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962300

Geography

  • District: OT
  • Parcel: 21-12-142-007
  • Block: 13
  • Lot: 2-3
  • Meridian: SEC 12 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3473
  • Longitude: -88.8333

    Address

  • Full Address: 529 Pearl St
  • Address - House Number: 529
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C012
  • 4-Digit Zip Code: 3043
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.2128
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 71
  • Final Value: 239,667
  • High Value: 290,685
  • Low Value: 188,648

    Market Valuation

  • Market Total Value: $174,363
  • Market Land Value: $37,548
  • Market Improvement Value: $136,815

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,121
  • Assessed Land Value: $12,516
  • Assessed Improvements Value: $45,605

    Sales

  • Current Sale Contract Date: Sep 26, 2022
  • Current Sale Recording Date: Oct 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-12790

    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

$156

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1737 ft²

Average Home Age

49.5 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 615 Green Street, Ottawa, IL, 61350

$950 /mo

  • 2 Beds
  • 1 Bath
  • 600 ft²
615 Green Street #LOWER, Ottawa, IL, 61350 Listing by Shawn Sell
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: DeAnna Carlson, RE/MAX 1st Choice
Data Source: MRED, MLS# MRD12323753
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 529 Pearl Street built and last sold?
The property at 529 Pearl Street was built in 1925 and last sold on Sep 26, 2022 for $215,000.
How much is this home worth?
The estimated value of the home located at 529 Pearl Street is $0.
What are some comparable homes to 529 Pearl Street?
There are currently no comparable homes to 529 Pearl Street.
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