NOT LISTED FOR SALE

2956 E 1489th Rd Ottawa, IL 61350

Estimated Value: $689,000 - $1,577,242

1.48 Acres
$668,072 Price per Acre
64,469 Sq Ft Lot

Last Sold August 09, 2019

Last sale price $30,000

Est. 3,398% increase in value since last sale

Current estimated payment $6,998/month

152 Days on Market

About This Lot

As of August 2019

1.48-acre wooded lot in upscale Shadow Ridge subdivision. Approximately 1/3 of the lot is grass with the remaining 2/3 heavily wooded. Trees in the central portion of the lot have already been cleared for your future home location. A beautiful row of mature evergreen trees provides privacy to the south. Close to downtown Ottawa but still retains a distant rural quality. Minutes from I-80. Located in desired Wallace Grade School district. Subdivision improvements including natural gas and electric services have been installed. Recently repaved streets with curb and gutter. Well-manicured common areas maintained by a very friendly and accommodating home owners association. A great opportunity to build your custom home in this prestigious neighborhood.

Last Agent to Sell the Property

Melissa Hulse

RE/MAX 1st Choice Listed on: 02/20/2019

Last Buyer's Agent

Nijas Banushi

Charles Rutenberg Realty License #475000236

Charles Rutenberg Realty

Property Details

Property Type

  • Land

Lot Details

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • General Information: School Bus Service
  • Ownership: Fee Simple w/ HO Assn.
  • Current Use: Platted
  • Subdivision Lot Number: 6
  • Utilities To Site: Electric to Site, Gas to Site
  • Zoning Type: SINGL
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Road Surface: Asphalt

Exterior Features

  • Lot Size: 1.0-1.99 Acres
  • Acreage: 1.48
  • Frontage Access: Township Road
  • Front Footage: 120

Schools

  • Junior High Dist: 195

Lot Info

  • Lot Dimensions: 150X3361X303X300
  • Estimated Land Sq Ft: 64469
  • Parcel Identification Number: 2104200030

Tax Info

  • Taxes: 125.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2023
Sold by
Djk Custom Homes Inc
Bought by
Banushi Remzi and Banushi Mine
Current Estimated Value
$1,049,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$486,230
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$502,517

Purchase Details

Closed on
Apr 12, 2022
Sold by
Banushi Remzi
Bought by
D J K Custom Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
4.42%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 20, 2019
Closed on
Aug 9, 2019
Sold by
Etscheid Douglas H and Etscheid Freida M
Bought by
Banushi Remzi
Seller's Agent
Melissa Hulse
RE/MAX 1st Choice
Buyer's Agent
Nijas Banushi
Charles Rutenberg Realty
List Price
$49,900
Sold Price
$30,000
Premium/Discount to List
-$19,900
-39.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
71.93%

Purchase Details

Closed on
Feb 23, 2018
Sold by
Dhr Development Llc
Bought by
Etscheid Douglas H and Etscheid Freida M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Banushi Remzi $1,338,000 None Available
D J K Custom Homes Inc -- None Available
Banushi Remzi $30,000 None Available
Etscheid Douglas H $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banushi Remzi $500,000
Previous Owner D J K Custom Homes Inc $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2019 08/09/19 Sold $30,000 -14.3% --
07/22/2019 07/22/19 Pending -- -- --
06/29/2019 06/29/19 Price Changed $35,000 -22.0% --
06/03/2019 06/03/19 Price Changed $44,900 -6.3% --
05/11/2019 05/11/19 Price Changed $47,900 -4.0% --
02/20/2019 02/20/19 For Sale $49,900 -- --
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 $18,781 $256,381 $25,842 $230,539
2023 $10,773 $229,465 $23,129 $206,336
2022 $1,642 $20,992 $20,992 $0
2021 $1,560 $19,676 $19,676 $0
2020 $1,479 $18,691 $18,691 $0
2019 $132 $1,647 $1,647 $0
2018 $130 $1,607 $1,607 $0
2017 $125 $1,558 $1,558 $0
2016 $119 $1,491 $1,491 $0
2015 $57 $1,422 $1,422 $0
2012 -- $1,554 $1,554 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10277888

Midwest Real Estate Data (MRED)

APN: 21-04-200030