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Ottawa 61350
713 3rd Street
$91,000
● House - Off Market

713 3rd Street

OTTAWA, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
860 Ft²
$176,390
RealtyHop Estimate
85.67%
Since Apr 1, 2008
National-US
Primary Model

About This Property

3BR home has been recently updated & tastefully decorated throughout. Kitchen w/newer laminate flooring; all new carpeting in entire home; new Trane  furnace is 90% efficient. Appliances, including stackable washer/dryer and celing fans to stay. Nice yard, this home is in 'move-in' condition. All dimensions are approximate.
Unit Size
860 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$110
Property Type
House
Property Taxes
$145
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.

Property Highlights

Air Conditioning
Garage
Parking Available

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: 7,405
  • Total Building Area: 816
  • Gross Building Area: 816
  • Building Area: 816
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOETSCHS SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GOETSCH'S SUB OF LTS 11 & 12 OF SUB W1/2 NW1/4 SEC 13-33-3, LT 8 BLK 5

Neighborhood

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

Geography

  • District: SO
  • Section: 13
  • Parcel: 22-13-131-003
  • Block: 5
  • Lot: 11-8
  • Meridian: SEC 13 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3334
  • Longitude: -88.8344

    Address

  • Full Address: 713 3rd Ave
  • Address - House Number: 713
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C011
  • 4-Digit Zip Code: 4013
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $266,058
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1112
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 88
  • Final Value: 155,504
  • High Value: 172,808
  • Low Value: 138,200

    Market Valuation

  • Market Total Value: $92,634
  • Market Land Value: $22,014
  • Market Improvement Value: $70,620

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,878
  • Assessed Land Value: $7,338
  • Assessed Improvements Value: $23,540

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-14190
  • Previous Sale Recording Date: May 26, 2016
  • Previous Sale Contract Date: May 23, 2016
  • Previous Sale Amount: $63,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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

54

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

Unit for rent at 611 Webster Street, Ottawa, IL, 61350

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
611 Webster Street #B, Ottawa, IL, 61350 Listing by Irina Allison

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Julie Berber, Coldwell Banker The Real Estate Group
Data Source: MRED, MLS# MRD06803750
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 713 3rd Avenue built and last sold?
The property at 713 3rd Avenue was built in 1953 and last sold on Oct 31, 2022 for $133,000.
How much is this home worth?
The estimated value of the home located at 713 3rd Avenue is $159,905.
What are some comparable homes to 713 3rd Avenue?
There are currently no comparable homes to 713 3rd Avenue.
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