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Ottawa 61350
905 State Street
$242,500
● House - Off Market

905 State Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,768 Ft²
$1,652
Est. Monthly
10.14%
Cap Rate

About This Property

So many updates in this south side home on a double lot.  Kitchen is open to family room and dining area. All appliances included in kitchen. Family room has gas fireplace. Master suite features walk-in closet and private bath with double sinks.  Sliding doors off kitchen lead to deck and private backyard with 2.5 car garage plus a 10X16 storage shed.   Main floor laundry.  Beautiful woodwork throughout and hardwood floors. New roof on house, shed and garage in 2017. Furnace new in 2019. This one is a must see!
Unit Size
1,768 Ft²
Days on Market
-
Land Size
-
Price per sqft
$136
Property Type
House
Property Taxes
$473
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 #11926632)

Price History

Date / Event Date Event Price
Jan 16, 2024 Sold
Premium
Sold
Nov 13, 2023 Listed by Coldwell Banker Real Estate Group $240,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

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: 6,534
  • Total Building Area: 1,768
  • Gross Building Area: 1,768
  • Building Area: 1,768
  • 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: MCCARTY & WHITES SUB
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: MCCARTY & WHITE'S SUB, LTS 1 & 2 BLK 1 SEC 14-33-3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-404-007
  • Block: 1
  • Lot: 1-2
  • Meridian: SEC 14 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3314
  • Longitude: -88.8402

    Address

  • Full Address: 905 State St
  • Address - House Number: 905
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C014
  • 4-Digit Zip Code: 3950
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1069
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 89
  • Final Value: 238,986
  • High Value: 264,551
  • Low Value: 213,422

    Market Valuation

  • Market Total Value: $177,162
  • Market Land Value: $34,566
  • Market Improvement Value: $142,596

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,054
  • Assessed Land Value: $11,522
  • Assessed Improvements Value: $47,532

    Sales

  • Current Sale Contract Date: Jan 12, 2024
  • Current Sale Recording Date: Jan 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024-00552
  • Previous Sale Recording Date: Mar 02, 2015
  • Previous Sale Contract Date: Feb 17, 2015
  • Previous Sale Amount: $157,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

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MRED

Listed by: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11926632
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 905 State Street built and last sold?
The property at 905 State Street was built in 1925 and last sold on Jan 12, 2024 for $242,500.
How much is this home worth?
The estimated value of the home located at 905 State Street is $0.
What are some comparable homes to 905 State Street?
There are currently no comparable homes to 905 State Street.
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