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Ottawa 61350
629 3rd Avenue
$145,000
● House - Off Market

629 3rd Avenue

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,152 Ft²
$144,088
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to this charming ranch style home! An inviting front porch and fresh landscaping welcomes you home! This 3 bed, 2 bath house offers three main floor bedrooms, with a private master bedroom boasting an en-suite bathroom. The updated eat in kitchen has a large amount of cabinet space and plenty of room for a separate table. Laundry has been conveniently relocated to the main floor.  Also, in addition to the front porch, this home offers a large side porch, accessible from the kitchen and dining area that is perfect for entertaining.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$126
Property Type
House
Property Taxes
$181
HOA Dues
-
Year Built
1910

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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

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 7,405
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND THIRD ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HIGHLAND 3RD ADD TO OTTAWA, LT 8 BLK 16 SEC 13-33-3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-13-116-008
  • Block: 16
  • Lot: 8
  • Meridian: SEC 13 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3348
  • Longitude: -88.8351

    Address

  • Full Address: 629 3rd Ave
  • Address - House Number: 629
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C006
  • 4-Digit Zip Code: 4011
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $231,366
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.2392
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 52
  • Final Value: 69,983
  • High Value: 86,725
  • Low Value: 53,240

    Market Valuation

  • Market Total Value: $64,419
  • Market Land Value: $21,183
  • Market Improvement Value: $43,236

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,473
  • Assessed Land Value: $7,061
  • Assessed Improvements Value: $14,412

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-08254
  • Previous Sale Recording Date: Jan 06, 2022
  • Previous Sale Contract Date: Dec 28, 2021
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 71

    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:

$229,250

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: Kimberly Hanouw, TCG Realty
Data Source: MRED, MLS# MRD11792891
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 629 3rd Avenue built and last sold?
The property at 629 3rd Avenue was built in 1910 and last sold on Aug 11, 2023 for $145,000.
How much is this home worth?
The estimated value of the home located at 629 3rd Avenue is $150,828.
What are some comparable homes to 629 3rd Avenue?
There are currently no comparable homes to 629 3rd Avenue.
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