NOT LISTED FOR SALE

522 3rd Ave Ottawa, IL 61350

Estimated Value: $176,000 - $199,000

3 Beds
1.5 Baths
1,856 Sq Ft
$99/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $135,000 $73 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,290/month

75 Days on Market

Highlights

  • 2 Car Detached Garage
  • Laundry Room
  • Dining Room
  • Living Room
  • Forced Air Heating and Cooling System
  • 5-minute walk to Kiwanis Park

About This Home

As of December 2022

Welcome to this lovely home with many updates that are tasteful and match well with the original gorgeous trim, doors, and hardwood floor of a 1930's home. Enter through the front door to be greeted by an entry and dining room ahead, living room and den to the left, and stairs to the right. Through the dining room is an updated kitchen with stainless steel appliances, updated cabinets/countertops and concave accent ceiling with can lighting. Half bath on one side and mud room and rear entry on the other side. Upstairs features three bedrooms, one with a walk-in closet, and updated bathroom with tile surround. Features private fenced-in back yard, playset, 2 car garage. Roof within 5 years old. Room and lot sizes approximate. Easy to tour. 3D virtual tour available, click the link. Being sold "As-Is" no exceptions. Priced to sell - don't wait!

Last Agent to Sell the Property

Arezo Shannon

United Real Estate - Chicago License #475205188 Listed on: 08/30/2022

United Real Estate - Chicago

Last Buyer's Agent

Tammy Barry

Homesmart Realty Group IL License #475168055

Homesmart Realty Group IL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,109

Year Built

  • Built in 1885

Lot Details

  • 7,405

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,856 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Schools

  • Ottawa Township High School

Additional Features

  • Lot Dimensions are 50 x 80
  • Forced Air Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,109

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1885
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Rebuilt Year: 1930
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1856
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Ottawa Township High School

Lot Info

  • Lot Dimensions: 50 X 80
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 3108.86
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Dec 8, 2022
Sold by
Wallace Bryce T and Wallace Samantha R
Bought by
Gerkitz Scott Edward James
Seller's Agent
Arezo Shannon
United Real Estate - Chicago
Buyer's Agent
Tammy Barry
Homesmart Realty Group IL
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%
Views
23
Current Estimated Value
$183,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,813
Avg. Annual Appreciation
10.65%
Original Mortgage
$129,450
Outstanding Balance
$125,657
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$58,156

Purchase Details

Listed on
Feb 19, 2014
Closed on
May 14, 2014
Sold by
Durdan Edward T and Durdan Sara E
Bought by
Wallace Bryce T and Wallace Samantha R
Seller's Agent
Wendy Fulmer
Coldwell Banker Today's, Realtors
Buyer's Agent
Wendy Fulmer
Coldwell Banker Today's, Realtors
List Price
$149,999
Sold Price
$141,000
Premium/Discount to List
-$8,999
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.50%

Purchase Details

Closed on
Nov 18, 2005
Sold by
Margarete Werner Declaration Of Trust
Bought by
Durdan Edward T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
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
Gerkitz Scott Edward James $135,000 None Available
Wallace Bryce T $141,000 None Available
Durdan Edward T $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerkitz Scott Edward James $129,450
Previous Owner Durdan Edward T $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2022 12/20/22 Sold $135,000 -3.6% $73 / Sq Ft
11/14/2022 11/14/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $140,000 0.0% $75 / Sq Ft
11/09/2022 11/09/22 Price Changed $140,000 -6.7% $75 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $150,000 +6.4% $81 / Sq Ft
05/14/2014 05/14/14 Sold $141,000 -6.0% $74 / Sq Ft View Prior Sale
03/25/2014 03/25/14 Pending -- -- --
02/19/2014 02/19/14 For Sale $149,999 -- $79 / 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 $3,961 $44,317 $6,432 $37,885
2023 $3,671 $40,755 $5,915 $34,840
2022 $3,338 $37,209 $8,008 $29,201
2021 $3,109 $34,886 $7,508 $27,378
2020 $2,918 $33,263 $7,159 $26,104
2019 $2,906 $32,263 $6,944 $25,319
2018 $2,813 $31,440 $6,767 $24,673
2017 $2,594 $29,550 $6,620 $22,930
2016 $2,615 $29,660 $6,384 $23,276
2015 $2,467 $28,386 $6,110 $22,276
2012 -- $28,939 $6,229 $22,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11617561

Midwest Real Estate Data (MRED)

APN: 22-13-109005