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Ottawa 61350
716 Arch Street
$223,300
● House - Off Market

716 Arch Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,479 Ft²
$1,570
Est. Monthly
11.39%
Cap Rate

About This Property

All Brick ranch, 3 bedrooms, 2 bath home located South Ottawa.   Large back yard partially fenced with Private Patio. Main floor laundry room with utility sink.  Recent updates include hardwood floors refinished and hall bathroom vanity.  New washer and dryer 2024 and Air conditioning updated in 2022.  Great natural light throughout.  Kitchen island and two stools stay as well as kitchen appliances and washer and dryer.  Extra concrete pad for extra parking.  Come see this lovely home today.
Unit Size
1,479 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$152
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
1969

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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 #12106334)

Price History

Date / Event Date Event Price
Sep 24, 2024 Sold
Premium
Sold
Aug 22, 2024 In contract -
In contract
Aug 9, 2024 Relisted $225,000
Relisted
Jul 13, 2024 In contract -
In contract
Jul 9, 2024 Listed by Coldwell Banker Real Estate Group $225,000
Listed by Coldwell Banker Real Estate Group
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • 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: 15,682
  • Total Building Area: 1,479
  • Gross Building Area: 1,479
  • Building Area: 1,479
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,479
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHITES JOSEPH ADD
  • Land Acres: 0000000360
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WHITE'S SUB NE1/4 SW1/4 SEC 13-33-3, LT 4 (EX BEG NE COR, W92.90' S164.46' E19.99' S140' E73' N304.8' POB

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963500

Geography

  • District: SO
  • Section: 13
  • Parcel: 22-13-308-013
  • Lot: 4
  • Meridian: SEC 13 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3295
  • Longitude: -88.83

    Address

  • Full Address: 716 Arch St
  • Address - House Number: 716
  • Address - Street Name: Arch
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C011
  • 4-Digit Zip Code: 4515
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $509,796
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.2414
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 66
  • Final Value: 190,315
  • High Value: 236,271
  • Low Value: 144,360

    Market Valuation

  • Market Total Value: $161,007
  • Market Land Value: $28,032
  • Market Improvement Value: $132,975

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,669
  • Assessed Land Value: $9,344
  • Assessed Improvements Value: $44,325
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

Unit for rent at 208 Nebraska Street, Ottawa, IL, 61350

$1,325 /mo

  • 2 Beds
  • 1 Bath
  • 875 ft²
208 Nebraska Street #A, Ottawa, IL, 61350 Listing by Alice Green

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Theresa Poundstone, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12106334
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 716 Arch Street built and last sold?
The property at 716 Arch Street was built in 1969 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 716 Arch Street is $231,032.
What are some comparable homes to 716 Arch Street?
There are currently no comparable homes to 716 Arch Street.
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