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Ottawa 61350
728 Tomahawk Drive
$139,000
● House - Off Market

728 Tomahawk Drive

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,077 Ft²
$819
Est. Monthly
17.82%
Cap Rate

About This Property

SOUTH SIDE OTTAWA RANCH HOME - Welcome home to this inviting (2) Bedroom, (1) Bath, Family Room, (2) Car Detached Garage with Spacious Workshop, This home offers comfortable one-level living with a functional layout perfect for first-time buyers, downsizers, or investors. Outside, enjoy a private yard with plenty of space for gardening, outdoor entertaining, or simply unwinding. The detached garage provides secure parking and additional storage options. Don't miss this affordable opportunity to own a well-maintained ranch-style home! Sold AS-IS with no repairs to be made by Estate/Sellers
Unit Size
1,077 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
$136
HOA Dues
-
Year Built
1958

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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: 2 years ago (MRED MLS #12287527)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Premium
Sold
Feb 15, 2025 In contract -
In contract
Feb 12, 2025 Listed by RE/MAX 1st Choice $139,000
Listed by RE/MAX 1st Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 7,841
  • Total Building Area: 1,077
  • Gross Building Area: 1,077
  • Building Area: 1,077
  • 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: TOMAHAWK TERRACE 5TH ADD
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TOMAHAWK TERRACE 5TH ADD LOT 100

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-13-320-013
  • Lot: 100
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3282
  • Longitude: -88.8304

    Address

  • Full Address: 728 Tomahawk Dr
  • Address - House Number: 728
  • Address - Street Name: Tomahawk
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C011
  • 4-Digit Zip Code: 4616
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $165,284
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 117,539
  • High Value: 133,541
  • Low Value: 101,536

    Market Valuation

  • Market Total Value: $107,715
  • Market Land Value: $15,672
  • Market Improvement Value: $92,043

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,905
  • Assessed Land Value: $5,224
  • Assessed Improvements Value: $30,681

    Sales

  • Current Sale Contract Date: May 31, 2006
  • Current Sale Recording Date: May 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2006-13567
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:

$229,700

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

Rentals Near You

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MRED

Listed by: DeAnna Carlson, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 12287527
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 728 Tomahawk Drive built and last sold?
The property at 728 Tomahawk Drive was built in 1958 and last sold on May 31, 2006 for $110,000.
How much is this home worth?
The estimated value of the home located at 728 Tomahawk Drive is $0.
What are some comparable homes to 728 Tomahawk Drive?
There are currently no comparable homes to 728 Tomahawk Drive.
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