NOT LISTED FOR SALE

501 2nd Ave Ottawa, IL 61350

Estimated Value: $142,000 - $181,000

3 Beds
1 Bath
1,256 Sq Ft
$126/Sq Ft Est. Value

Last Sold April 09, 2020

Last sale price $20,000 $16 Per Sq Ft

Est. 693% increase in value since last sale

Current estimated payment $1,157/month

13 Days on Market

Highlights

  • Corner Lot
  • Living Room
  • Dining Room
  • 1 Car Detached Garage
  • Laundry Room
  • 4-minute walk to Kiwanis Park

About This Home

As of April 2020

3 bedroom 1 bath home with one car garage on corner lot. Large living room and formal dining room. Lots of potential.

Last Agent to Sell the Property

Andrea Greenwalt

Janko Realty & Development - Peru Listed on: 03/05/2020

Last Buyer's Agent

Timothy O'Loughlin

Premier Region Real Estate License #471008961

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 7,187 Sq Ft Lot
  • Lot Dimensions are 60 x 120
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,256 Sq Ft Home
  • 1.5-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Partial Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 1256
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • List Price: 20000
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 141

Lot Info

  • Lot Size Acres: 0.165
  • Lot Dimensions: 60 X 120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 18

Tax Info

  • Tax Annual Amount: 2227.92
  • Tax Year: 2018
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 6, 2020
Sold by
Hud
Bought by
Raspatello Richard and Raspatello Rhonda
Seller's Agent
Andrea Greenwalt
Janko Realty & Development - Peru
Buyer's Agent
Timothy O'Loughlin
Premier Region Real Estate
List Price
$20,000
Sold Price
$20,000
Current Estimated Value
$158,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,659
Avg. Annual Appreciation
45.33%

Purchase Details

Closed on
Apr 25, 2019
Sold by
Lasalle County Sheriff
Bought by
Jp Morgan Chase Bank

Purchase Details

Closed on
Feb 16, 2019
Sold by
Jp Morgan Chase Bank
Bought by
Hud

Purchase Details

Closed on
Apr 11, 2007
Sold by
Garland Brian
Bought by
Osman Darlene L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,100
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2006
Sold by
Scidmore Susan B
Bought by
Garland Brian
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
Raspatello Richard -- None Available
Jp Morgan Chase Bank -- None Available
Hud -- None Available
Osman Darlene L $79,000 None Available
Garland Brian $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Osman Darlene L $71,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2020 04/09/20 Sold $20,000 0.0% $16 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $20,000 -- $16 / 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 $3,811 $36,863 $6,432 $30,431
2023 $3,581 $33,900 $5,915 $27,985
2022 $3,310 $30,950 $10,133 $20,817
2021 $3,123 $29,017 $9,500 $19,517
2020 $2,962 $27,667 $9,058 $18,609
2019 $2,970 $26,835 $8,786 $18,049
2018 $2,228 $26,150 $8,562 $17,588
2017 $2,157 $25,582 $8,376 $17,206
2016 $2,063 $24,669 $8,077 $16,592
2015 $1,940 $23,609 $7,730 $15,879
2012 -- $24,068 $7,880 $16,188
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10658017

Midwest Real Estate Data (MRED)

APN: 22-13-107009