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Ottawa 61350
631 Cornell Street
$23,731
● House - Off Market

631 Cornell Street

OTTAWA, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$38,049
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Enjoy the private fenced back yard from both the inside and outside of this home. Large windows give marvelous view of the back yard that has patio and beautiful shade tree. Home features main level laundry, living room and dining room.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
-
Price per sqft
$21
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1953

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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 #09613687)

Price History

Date / Event Date Event Price
Jun 9, 2017 Sold
Premium
Sold
May 2, 2017 Listed by Janko Realty & Development $23,700
Listed by Janko Realty & Development

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 7,841
  • Total Building Area: 1,272
  • Gross Building Area: 1,272
  • Building Area: 1,272
  • 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: COLLEGE HILL 2ND ADD
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COLLEGE HILL 2ND PT LOT 17 SW 1/4 NE 1/4 SEC 14 S60' L 1 & N6' LOT 2 BLK 20

Neighborhood

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

Geography

  • District: SO
  • Section: 14
  • Parcel: 22-14-226-006
  • Block: 20
  • Lot: 17-2
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3343
  • Longitude: -88.8435

    Address

  • Full Address: 631 Cornell St
  • Address - House Number: 631
  • Address - Street Name: Cornell
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3823
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $452,036
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.4476
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 10
  • Final Value: 24,708
  • High Value: 35,768
  • Low Value: 13,647

    Market Valuation

  • Market Total Value: $126,804
  • Market Land Value: $28,269
  • Market Improvement Value: $98,535

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,268
  • Assessed Land Value: $9,423
  • Assessed Improvements Value: $32,845

    Sales

  • Current Sale Contract Date: Jun 09, 2017
  • Current Sale Recording Date: Jun 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201708737
  • Previous Sale Recording Date: Apr 28, 2017
  • Previous Sale Contract Date: Jan 13, 2017
  • Previous Sale Amount: $74,180
  • Previous Sale Document Type: 27
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

$157

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1779 ft²

Average Home Age

47.5 years

Currently For Sale

68 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

Rentals Near You

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MRED

Listed by: Barbara Bryant, Janko Realty & Development
Last Updated: 2 years ago
Data Source: MRED, MLS# 09613687
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 631 Cornell Street built and last sold?
The property at 631 Cornell Street was built in 1953 and last sold on Jun 9, 2017 for $21,731.
How much is this home worth?
The estimated value of the home located at 631 Cornell Street is $33,493.
What are some comparable homes to 631 Cornell Street?
There are currently no comparable homes to 631 Cornell Street.
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