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Ottawa 61350
722 State Street
$180,000
● House - Off Market

722 State Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,497 Ft²
$211,607
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

House Tastefully Rehabbed!!  New furnace and air conditioning unit, new water heater, new quartz countertops, new SS refrigerator and stove. new flooring, new drywall through out the house.  New plumbing and electrical systems. Main floor master bedroom, spacious kitchen/Dining area/Living room open floor concept. Finished basement with a bedroom, recreation room, laundry room and a full new bathroom.  Two car garage and a big back yard.
Unit Size
1,497 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$124
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1925

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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 #11097099)

Price History

Date / Event Date Event Price
Aug 3, 2021 Sold
Premium
Sold
May 21, 2021 Listed by Century 21 Affiliated - Aurora $184,900
Listed by Century 21 Affiliated - Aurora

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 10,454
  • Total Building Area: 1,497
  • Gross Building Area: 1,497
  • Building Area: 1,497
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,497
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAYS ADD
  • Land Acres: 0000000240
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: DAY'S ADD TO OTTAWA, LT 11 BLK 23 SEC 14-33-3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-237-004
  • Block: 23
  • Lot: 11
  • Meridian: SEC 14 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.333
  • Longitude: -88.8396

    Address

  • Full Address: 722 State St
  • Address - House Number: 722
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C014
  • 4-Digit Zip Code: 3947
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $526,844
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.2128
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 214,072
  • High Value: 259,642
  • Low Value: 168,502

    Market Valuation

  • Market Total Value: $165,789
  • Market Land Value: $21,183
  • Market Improvement Value: $144,606

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,263
  • Assessed Land Value: $7,061
  • Assessed Improvements Value: $48,202

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-13093
  • Previous Sale Recording Date: Mar 05, 2021
  • Previous Sale Contract Date: Feb 05, 2021
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 20

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y
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:

$229,000

Sale Price/ft²

$157

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1769 ft²

Average Home Age

53.8 years

Currently For Sale

65 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: Jose Terrazas, Century 21 Affiliated - Aurora
Last Updated: 3 years ago
Data Source: MRED, MLS# 11097099
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 722 State Street built and last sold?
The property at 722 State Street was built in 1925 and last sold on Jul 29, 2021 for $180,000.
How much is this home worth?
The estimated value of the home located at 722 State Street is $0.
What are some comparable homes to 722 State Street?
There are currently no comparable homes to 722 State Street.
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