NOT LISTED FOR SALE

228 State St Ottawa, IL 61350

Estimated Value: $163,000 - $207,000

3 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold November 30, 2020

Last sale price $100,000

Est. 83% increase in value since last sale

Current estimated payment $1,451/month

43 Days on Market

Highlights

  • 1 Car Detached Garage
  • Tandem Garage
  • Heating System Uses Natural Gas

About This Home

As of November 2020

Perfect location that is close to Allen Park and a walk downtown Ottawa. Close to downtown shopping and restaurants. This is a well maintained rental unit. It's perfect for an Investor or for someone to live in the home and receive rental income.

Last Agent to Sell the Property

Carrie Perez Poundstone

HomeSmart Connect LLC License #475150852 Listed on: 09/15/2020

HomeSmart Connect LLC

Last Buyer's Agent

Robin Allotta

Compass License #475107645

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,236

Lot Details

  • 6,098

Parking

  • 1 Car Detached Garage
  • Tandem Garage
  • Parking Space is Owned

Home Design

  • Converted Dwelling

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Ottawa Township High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50x118
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,236

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • List Price: 119000
  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Tandem
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Public

Schools

  • High School: Ottawa Township High School
  • Middle/Junior School District: 141

Lot Info

  • Lot Dimensions: 50X118
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4235.58
  • Tax Year: 2019

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Nov 30, 2020
Sold by
Creedon Timothy J
Bought by
Penzien Mark Edward
Seller's Agent
Carrie Perez Poundstone
HomeSmart Connect LLC
Buyer's Agent
Robin Allotta
Compass
List Price
$129,000
Sold Price
$100,000
Premium/Discount to List
-$29,000
-22.48%
Current Estimated Value
$183,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,157
Avg. Annual Appreciation
11.85%
Original Mortgage
$80,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2008
Sold by
Bruner Suzanne Lee
Bought by
Creedon Timothy J and Tjc Land Trust 59
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Penzien Mark Edward $100,000 None Available
Creedon Timothy J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Penzien Mark Edward $93,750
Closed Penzien Mark Edward $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $100,000 -16.0% --
10/28/2020 10/28/20 Pending -- -- --
10/10/2020 10/10/20 Price Changed $119,000 -7.8% --
09/15/2020 09/15/20 For Sale $129,000 -- --
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 $5,435 $52,576 $5,462 $47,114
2023 $5,107 $48,350 $5,023 $43,327
2022 $4,721 $44,143 $11,209 $32,934
2021 $4,454 $41,387 $10,509 $30,878
2020 $4,224 $39,461 $10,020 $29,441
2019 $4,236 $38,275 $9,719 $28,556
2018 $4,124 $37,298 $9,471 $27,827
2017 $4,018 $36,488 $9,265 $27,223
2016 $3,889 $35,186 $8,934 $26,252
2015 $3,711 $33,674 $8,550 $25,124
2012 -- $34,330 $8,716 $25,614
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10861668

Midwest Real Estate Data (MRED)

APN: 22-11-426014