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Ottawa 61350
627 MARCY Street
$38,292
● House - Off Market

627 MARCY Street

OTTAWA, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,376 Ft²
$60,575
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

3 BEDROOM HOME WITH FULL BASEMENT AND DETACHED GARAGE. NEWER HVAC. HUD OWNED HOME. CASE #132-205101. SOLD "AS IS" INSURED STATUS:IN. 203K ELIGIBLE.  "EQUAL HOUSING OPPORTUNITY"
Unit Size
1,376 Ft²
Days on Market
-
Land Size
-
Price per sqft
$22
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
1917

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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: 2 years ago (MRED MLS #08270504)

Price History

Date / Event Date Event Price
Apr 4, 2013 Sold
Premium
Sold
Feb 14, 2013 Listed by RE/MAX Realty of Joliet $30,000
Listed by RE/MAX Realty of Joliet

Property Highlights

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • 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: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COOLEYS ADD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COOLEY'S SUB OF LTS 2 & 15 NE1/4 SEC 14-33-3, LT 2 OF LT 2

Neighborhood

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

Geography

  • District: SO
  • Section: 14
  • Parcel: 22-14-224-016
  • Block: 2
  • Lot: 2-15
  • Meridian: SEC 14 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3342
  • Longitude: -88.8458

    Address

  • Full Address: 627 Marcy St
  • Address - House Number: 627
  • Address - Street Name: Marcy
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3851
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $321,820
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 122,510
  • High Value: 139,189
  • Low Value: 105,830

    Market Valuation

  • Market Total Value: $108,276
  • Market Land Value: $22,608
  • Market Improvement Value: $85,668

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,092
  • Assessed Land Value: $7,536
  • Assessed Improvements Value: $28,556

    Sales

  • Current Sale Contract Date: Jul 03, 2012
  • Current Sale Recording Date: Jan 24, 2013
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2013-01581
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:

$229,700

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1752 ft²

Average Home Age

50.6 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

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MRED

Listed by: Ronald Gersch, RE/MAX Realty of Joliet
Last Updated: 2 years ago
Data Source: MRED, MLS# 08270504
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 627 Marcy Street built and last sold?
The property at 627 Marcy Street was built in 1917 and last sold on Jul 3, 2012 for $0.
How much is this home worth?
The estimated value of the home located at 627 Marcy Street is $0.
What are some comparable homes to 627 Marcy Street?
There are currently no comparable homes to 627 Marcy Street.
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