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LaSalle 61350
6 Oak Terrace
$175,000
● House - Off Market

6 Oak Terrace

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,612 Ft²
$173,908
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Three bedroom, three bath ranch on the north side of Ottawa.  Full basement, 2 car attached garage. Large 3/4 acre lot. Wallace School District. Motivated Seller
Unit Size
1,612 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$109
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1977

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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.

Last updated: 3 years ago (MRED MLS #11828152)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jul 10, 2023 Listed by Coldwell Banker Real Estate Group $175,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • 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: 33,106
  • Total Building Area: 1,612
  • Gross Building Area: 1,612
  • Building Area: 1,612
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,612
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK VIEW SUB
  • Land Acres: 0000000760
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OAK VIEW SUBD LOT 3009 BLK 1 (EX PT N OF CREEK

Neighborhood

  • School District Name: Wallace Community Consolidated School District 195
  • Census Tract: 962600

Geography

  • District: WA
  • Parcel: 13-35-306-019
  • Block: 1
  • Lot: 3009
  • Municipality: WALLACE TOWNSHIP
  • Latitude: 41.3697
  • Longitude: -88.8499

    Address

  • Full Address: 6 Oak Ter
  • Address - House Number: 6
  • Address - Street Name: Oak
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C018
  • 4-Digit Zip Code: 1133
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: WA002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 315,389
  • High Value: 443,123
  • Low Value: 187,654

    Market Valuation

  • Market Total Value: $218,313
  • Market Land Value: $36,897
  • Market Improvement Value: $181,416

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,771
  • Assessed Land Value: $12,299
  • Assessed Improvements Value: $60,472

    Sales

  • Current Sale Contract Date: Sep 01, 2023
  • Current Sale Recording Date: Sep 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-09455
  • Previous Sale Recording Date: Feb 23, 2023
  • Previous Sale Contract Date: Feb 23, 2023
  • Previous Sale Document Type: 26

    Financing

  • First Mortgage Financing Type: FIX

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
  • Previous 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 LaSalle

Stats & Trends

Median Asking:

$209,000

Sale Price/ft²

$148

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3051 ft²

Average Home Age

74.8 years

Currently For Sale

285 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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MRED

Listed by: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11828152
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 6 Oak Terra Drive built and last sold?
The property at 6 Oak Terra Drive was built in 1977 and last sold on Sep 1, 2023 for $175,000.
How much is this home worth?
The estimated value of the home located at 6 Oak Terra Drive is $0.
What are some comparable homes to 6 Oak Terra Drive?
There are currently no comparable homes to 6 Oak Terra Drive.
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