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Ottawa 61350
772 ADAMS Street
$181,000
● House - Off Market

772 ADAMS Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,537 Ft²
$183,964
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Brick ranch home located on the south side of Ottawa offering 1537sf of living space, 3bed, 1.5 bath, partially finished basement and detached 1 car garage.  Large living room with hardwood floors, updated flooring in kitchen and dining room.  FHA, USDA and VA loans are welcome!
Unit Size
1,537 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$120
Property Type
House
Property Taxes
$480
HOA Dues
-
Year Built
1952

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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 #11747017)

Price History

Date / Event Date Event Price
Aug 30, 2023 Sold
Premium
Sold
Mar 28, 2023 Listed by RE/MAX 1st Choice $185,000
Listed by RE/MAX 1st Choice

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 6,098
  • Total Building Area: 1,484
  • Gross Building Area: 1,484
  • Building Area: 1,484
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COOLEYS SUB OF 19
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COOLEY'S SUBD LOT 19 NE 1/4 SEC 14 LOT 9 BLK 2

Neighborhood

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

Geography

  • District: SO
  • Section: 14
  • Parcel: 22-14-232-012
  • Block: 2
  • Lot: 19-9
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3319
  • Longitude: -88.8462

    Address

  • Full Address: 772 Adams St
  • Address - House Number: 772
  • Address - Street Name: Adams
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3806
  • 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: 297,203
  • High Value: 417,571
  • Low Value: 176,834

    Market Valuation

  • Market Total Value: $190,593
  • Market Land Value: $26,826
  • Market Improvement Value: $163,767

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $63,531
  • Assessed Land Value: $8,942
  • Assessed Improvements Value: $54,589

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-09028
  • Previous Sale Recording Date: May 04, 2012
  • Previous Sale Contract Date: May 04, 2012
  • Previous Sale Document Type: 69

    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

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: Phil Makarewicz, RE/MAX 1st Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11747017
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 772 Adams Street built and last sold?
The property at 772 Adams Street was built in 1952 and last sold on Aug 30, 2023 for $181,000.
How much is this home worth?
The estimated value of the home located at 772 Adams Street is $193,246.
What are some comparable homes to 772 Adams Street?
There are currently no comparable homes to 772 Adams Street.
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