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Ottawa 61350
704 Marcy Street
$150,000
● House - Off Market

704 Marcy Street

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,270 Ft²
$158,409
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Wonderful location! Two large bedrooms, one bath home with attached one car garage on the south side.  Full unfinished basement.  Updated windows.  Private backyard could easily be fenced in. All appliances included. Central air.  Must see to appreciate.
Unit Size
1,270 Ft²
Days on Market
-
Land Size
-
Price per sqft
$125
Property Type
House
Property Taxes
$461
HOA Dues
-
Year Built
1950

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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.

Last updated: 3 years ago (MRED MLS #11838275)

Price History

Date / Event Date Event Price
Oct 26, 2023 Sold
Premium
Sold
Jul 20, 2023 Listed by Coldwell Banker Real Estate Group $159,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 1,270
  • Gross Building Area: 1,270
  • Building Area: 1,270
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,270
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BESTMANNS RESUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BESTMAN'S RESUBD OF SUBD LOT 18 N PT LOT 21 SEC 14 LOT 3 BLK 18

Neighborhood

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

Geography

  • District: SO
  • Section: 14
  • Parcel: 22-14-233-002
  • Block: 18
  • Lot: 18-3
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3334
  • Longitude: -88.8452

    Address

  • Full Address: 704 Marcy St
  • Address - House Number: 704
  • Address - Street Name: Marcy
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3873
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 274,019
  • High Value: 384,998
  • Low Value: 163,039

    Market Valuation

  • Market Total Value: $155,253
  • Market Land Value: $29,616
  • Market Improvement Value: $125,637

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,751
  • Assessed Land Value: $9,872
  • Assessed Improvements Value: $41,879

    Sales

  • Current Sale Contract Date: Oct 26, 2023
  • Current Sale Recording Date: Oct 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-11252

    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:

$227,200

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1783 ft²

Average Home Age

48.6 years

Currently For Sale

67 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# 11838275
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 704 Marcy Street built and last sold?
The property at 704 Marcy Street was built in 1950 and last sold on Oct 26, 2023 for $150,000.
How much is this home worth?
The estimated value of the home located at 704 Marcy Street is $164,422.
What are some comparable homes to 704 Marcy Street?
There are currently no comparable homes to 704 Marcy Street.
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