NOT LISTED FOR SALE

1516 N 2974th Rd Ottawa, IL 61350

Estimated Value: $313,000 - $343,920

3 Beds
2 Baths
1,900 Sq Ft
$174/Sq Ft Est. Value

Last Sold April 02, 2019

Last sale price $183,000 $96 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,444/month

143 Days on Market

Highlights

  • 1.32 Acre Lot
  • Living Room with Fireplace
  • Ranch Style House
  • Deck
  • Wooded Lot
  • Bonus Room

About This Home

As of April 2019

This stylish ranch is located in a very desirable area of Terra Cotta Estates, on a large corner lot, located in Wallace School district. Inside are 3 bedrooms, 2 full baths, 2 fireplaces, eat-in kitchen, breezeway between home and garage, and partially finished basement. Endless potential here at this home. Upstairs the rooms are all nice sized, with the livng room having the woodburning fireplace (flue cleaning recommended) Downstairs you will find a large family room with fireplace (needs connection to flue) that connects to the large western style bar room that has a wet bar, and small kitchenette with real saddle stools. Upstairs, the Kitchen includes all stainless steel appliances (stove, refrigerator, microwave). Laundry room in the basement includes washer & dryer. Home sits on approx 1.32 Acres (mol) approximately. Nice over sized 3 car garage, (approx 36x24) with heat source. Land has many mature trees on the lot. Located near to interstates, yet nice rural area.

Last Agent to Sell the Property

Alice Green

Starved Rock Realty Listed on: 09/25/2018

Last Buyer's Agent

Shawn Sell

RE/MAX 1st Choice

RE/MAX 1st Choice

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,396

Year Built

  • Built in 1977

Lot Details

  • 1.32 Acre Lot
  • Lot Dimensions are 144x244
  • Corner Lot
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,900 Sq Ft Home
  • Wet Bar
  • Bar
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Bonus Room
  • Unfinished Attic

Kitchen

  • Range
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Breezeway
  • Porch

Schools

  • Wallace Elementary School
  • Ottawa Township High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Private Water Source
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,396

Year Built

Built in 1977

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1977
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Bar-Wet, First Floor Bedroom, First Floor Full Bath
  • LivingArea: 1900
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room,Basement
  • Attic: Unfinished
  • Flooring: Carpet
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio, Porch, Breezeway
  • Foundation Details: Concrete Perimeter
  • List Price: 186100
  • Lot Features: Corner Lot, Irregular Lot, Wooded
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Driveway
  • ParkingTotal: 9
  • Driveway: Asphalt
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Paved
  • Master Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Wallace Elementary School
  • High School: Ottawa Township High School
  • Middle/Junior School: Wallace Elementary School
  • Middle/Junior School District: 195

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.32
  • Lot Dimensions: 144X244
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 18
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5396.24
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2018
Closed on
Apr 2, 2019
Sold by
Hart Marcel and Glennie Anderson Estate
Bought by
Holmes Troy
Seller's Agent
Alice Green
Starved Rock Realty
Buyer's Agent
Shawn Sell
RE/MAX 1st Choice
List Price
$195,000
Sold Price
$183,000
Premium/Discount to List
-$12,000
-6.15%
Current Estimated Value
$330,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,022
Avg. Annual Appreciation
9.23%
Original Mortgage
$177,510
Outstanding Balance
$157,328
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$163,546
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Holmes Troy $165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Troy $177,510
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2019 04/02/19 Sold $183,000 -1.7% $96 / Sq Ft
02/15/2019 02/15/19 Pending -- -- --
12/10/2018 12/10/18 Price Changed $186,100 -2.0% $98 / Sq Ft
10/24/2018 10/24/18 Price Changed $189,900 -2.6% $100 / Sq Ft
09/25/2018 09/25/18 For Sale $195,000 -- $103 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,642 $107,880 $12,773 $95,107
2023 $6,944 $96,554 $11,432 $85,122
2022 $6,387 $87,633 $14,039 $73,594
2021 $6,037 $82,138 $13,159 $68,979
2020 $5,701 $78,026 $12,500 $65,526
2019 $5,716 $77,231 $12,373 $64,858
2018 $5,596 $75,377 $12,076 $63,301
2017 $5,396 $73,068 $11,706 $61,362
2016 $5,116 $69,935 $11,204 $58,731
2015 $4,849 $66,713 $10,688 $56,025
2012 -- $72,932 $11,685 $61,247
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10095408

Midwest Real Estate Data (MRED)

APN: 21-03-102011