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Ottawa 61350
808 Pearl Street
$115,000
● House - Off Market

808 Pearl Street

OTTAWA, IL 61350
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,671 Ft²
$343,341
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

Contemporary style home on historic Pearl St. Unique design. 3 bed, 3 bath, open layout with vaulted ceilings. Full basement ready for finishing with 8' ceilings. Pella windows. Built-in shelving with Liv Rm/Dining Combo. 2.5 Car garage with concrete driveway.  Add'l large lot on the west side of home for sale for $29,900. Taxes reflect $268,536 value and can be reassessed of the sale price. $3000 buyer rebate!
Unit Size
1,671 Ft²
Days on Market
-
Land Size
-
Price per sqft
$95
Property Type
House
Property Taxes
$687
HOA Dues
-
Year Built
1962

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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 #07854567)

Price History

Date / Event Date Event Price
Nov 2, 2012 Sold
Premium
Sold
Jul 12, 2011 Listed by RE/MAX 1st Choice $159,000
Listed by RE/MAX 1st Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 14,151
  • Total Building Area: 1,974
  • Gross Building Area: 1,974
  • Building Area: 1,974
  • 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: GREENS ADD
  • Land Acres: 0000000324
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GREENS ADD, LTS 9 & 10 BLK 9 SEC 12-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962300

Geography

  • District: OT
  • Parcel: 21-12-140-015
  • Block: 9
  • Lot: 9-10
  • Meridian: SEC 12 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3479
  • Longitude: -88.8282

    Address

  • Full Address: 808 Pearl St
  • Address - House Number: 808
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C012
  • 4-Digit Zip Code: 3050
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $444,510
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 165,564
  • High Value: 188,105
  • Low Value: 143,022

    Market Valuation

  • Market Total Value: $142,902
  • Market Land Value: $44,652
  • Market Improvement Value: $98,250

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,634
  • Assessed Land Value: $14,884
  • Assessed Improvements Value: $32,750

    Sales

  • Current Sale Contract Date: Oct 27, 2012
  • Current Sale Recording Date: Nov 19, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2012-25056
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

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MRED

Listed by: Thomas Haeberle, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 07854567
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 808 Pearl Street built and last sold?
The property at 808 Pearl Street was built in 1962 and last sold on Oct 27, 2012 for $115,000.
How much is this home worth?
The estimated value of the home located at 808 Pearl Street is $0.
What are some comparable homes to 808 Pearl Street?
There are currently no comparable homes to 808 Pearl Street.
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