NOT LISTED FOR SALE

412 4th Ave Ottawa, IL 61350

Estimated Value: $200,196 - $245,000

4 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold September 28, 2018

Last sale price $118,000

Est. 91% increase in value since last sale

Current estimated payment $1,652/month

7 Days on Market

Highlights

  • Rooftop Deck
  • Porch
  • Paved or Partially Paved Lot
  • 2 Car Detached Garage
  • Patio

About This Home

As of September 2018

2 unit all brick duplex on south side of Ottawa. Tenants have lived in building for over 5 years.

Last Agent to Sell the Property

Doug Biederstedt

Doug Biederstedt Listed on: 08/15/2018

Last Buyer's Agent

Joan Eslinger

Advantage Realty, Inc. License #471003332

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $402

Year Built

  • Built in 1935

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms
  • Shower Body Spray

Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Outdoor Features

  • Rooftop Deck
  • Patio
  • Porch

Schools

  • Lincoln Elementary: K-4Th Grade
  • Shepherd Middle School
  • Ottawa Township High School

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $15,600
  • Net Operating Income $10,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$402

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1935
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: TV-Cable
  • Basement Description: Cellar
  • Bathroom Amenities: Full Body Spray Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio, Porch, Roof Deck
  • Foundation Details: Block
  • Patio And Porch Features: Patio, Porch, Deck
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 5,000

Schools

  • Elementary School: LINCOLN ELEMENTARY: K-4TH GRADE
  • High School: OTTAWA TOWNSHIP HIGH SCHOOL
  • Middle/Junior School: SHEPHERD MIDDLE SCHOOL

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 60X120
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 10600
  • GrossIncome: 15600
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 402
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2018
Closed on
Sep 28, 2018
Sold by
Zemaitis Richard G and Zemaitis Nancy A
Bought by
Home Pointe Properties Llc
Seller's Agent
Doug Biederstedt
Doug Biederstedt
Buyer's Agent
Joan Eslinger
Advantage Realty, Inc.
List Price
$124,500
Sold Price
$118,000
Premium/Discount to List
-$6,500
-5.22%
Current Estimated Value
$225,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,799
Avg. Annual Appreciation
9.39%
Original Mortgage
$55,420
Outstanding Balance
$48,330
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$177,469

Purchase Details

Closed on
Sep 12, 2012
Sold by
Zemaitis Richard G and Zemaitis Nancy A
Bought by
Zemaitis Richard G and Zemaitis Nancy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Home Pointe Properties Llc $118,000 None Available
Zemaitis Richard G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Home Pointe Properties Llc $55,420
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $118,000 -5.2% --
08/22/2018 08/22/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $124,500 -- --
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 $5,627 $54,433 $9,821 $44,612
2023 $5,287 $50,058 $9,032 $41,026
2022 $4,888 $45,702 $8,246 $37,456
2021 $4,612 $42,848 $7,731 $35,117
2020 $4,373 $40,854 $7,371 $33,483
2019 $4,385 $39,625 $7,149 $32,476
2018 $4,269 $38,613 $6,966 $31,647
2017 $3,819 $34,679 $6,815 $27,864
2016 $4,026 $36,427 $6,572 $29,855
2015 $3,842 $34,862 $6,290 $28,572
2012 -- $35,543 $6,413 $29,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10053039

Midwest Real Estate Data (MRED)

APN: 22-13-103002