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Ottawa 61350
638 Pearl Street
$145,500
● House - Off Market

638 Pearl Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,370 Ft²
$1,052
Est. Monthly
17.04%
Cap Rate

About This Property

3 bedroom 1 bath home with large living room with fireplace, formal dining room, screened porch and 1 car detached garage in charming area. Buyer to verify all listing information. HUD CASE #132-256235. Property is owned by the US Dept. of HUD, seller makes no representations or warranties as to property condition, HUD Homes are sold "as-is", IE, Subject to appraisal, EHO. Seller has no records or reports pertaining to Lead based paint and/or lead based paint hazards.to closing; seller will prosecute trespassers. All showing agents must sign in at the property for EVERY showing.
Unit Size
1,370 Ft²
Days on Market
-
Land Size
-
Price per sqft
$120
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 1954
  • Effective Year Built: 1954
  • 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: 9,556
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • 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: GREENS ADD
  • Land Acres: 0000000219
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GREENS ADD, E20' LT 15 & ALL LT 16 BLK 7 SEC 12-33-3

Neighborhood

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

Geography

  • District: OT
  • Parcel: 21-12-138-012
  • Block: 7
  • Lot: 15-16
  • Meridian: SEC 12 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3479
  • Longitude: -88.831

    Address

  • Full Address: 638 Pearl St
  • Address - House Number: 638
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C012
  • 4-Digit Zip Code: 3046
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $308,768
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.2414
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 66
  • Final Value: 184,813
  • High Value: 229,440
  • Low Value: 140,186

    Market Valuation

  • Market Total Value: $145,980
  • Market Land Value: $34,707
  • Market Improvement Value: $111,273

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,660
  • Assessed Land Value: $11,569
  • Assessed Improvements Value: $37,091

    Sales

  • Current Sale Contract Date: Mar 19, 1996
  • Current Sale Recording Date: Jul 06, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 22
  • Current Sale Input Document Number: 2010-13981
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:

$229,500

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: Andrea Greenwalt, Janko Realty & Development - Peru
Data Source: MRED, MLS# MRD12483759
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 638 Pearl Street built and last sold?
The property at 638 Pearl Street was built in 1954 and last sold on Mar 19, 1996 for $200,000.
How much is this home worth?
The estimated value of the home located at 638 Pearl Street is $0.
What are some comparable homes to 638 Pearl Street?
There are currently no comparable homes to 638 Pearl Street.
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