NOT LISTED FOR SALE

615 Webster St Ottawa, IL 61350

Estimated Value: $49,000

6 Beds
7 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold July 06, 2016

Last sale price $50,000

Est. 2% decrease in value since last sale

Current estimated payment $307/month

53 Days on Market

About This Home

As of July 2016

Investors take notice in this bank owned 7 unit building close to downtown with tons of potential. 6 - 1 bedroom units and 1 efficiency unit. 2+ car garage with alley access. Boiler heat throughout. A few of the units needs some TLC, efficiency unit on the main floor has updated kitchen and bath. All measurements are approximate

Last Agent to Sell the Property

Gina Stoudt

Legacy Realty Latta Young License #471017746 Listed on: 02/29/2016

Last Buyer's Agent

Shawn Brown

The Chrysalis Group License #475168629

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,260 Sq Ft Lot
  • Lot Dimensions are 55 x132

Parking

  • 6 to 12 Parking Spaces

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Basement

  • Exterior Basement Entry
  • Basement Cellar

Utilities

  • No Cooling
  • Hot Water Heating System

Community Details

  • 7 Units

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Lot Details

7,260 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Built Before 1978 (Y/N): No
  • Information: Short Notice OK,Show-Key in Listing Office,REO/Lender Owned
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 6
  • Possible Use: Multi-Family
  • Basement Description: Cellar
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 1
  • Ranges: 1
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Misc Outside: Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Heat/Ventilation: Hot Water
  • Leased Washer Dryer YN: No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 55 X132
  • Lot Size Sq Ft: 7260
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17

Multi Family

  • NumberOfUnitsTotal: 7
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 4559.9
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2024
Sold by
Ferrari Kimberly
Bought by
Lasalle County Star Properties Llc
Current Estimated Value
$49,000

Purchase Details

Closed on
Feb 8, 2019
Sold by
Ferrari Kimberly
Bought by
Lasalle County Star Properties Llc

Purchase Details

Listed on
Feb 29, 2016
Closed on
Jul 6, 2016
Sold by
Ottawa Savings Bank
Bought by
Ferrari Kimberly
Seller's Agent
Gina Stoudt
Legacy Realty Latta Young
Buyer's Agent
Shawn Brown
The Chrysalis Group
List Price
$99,900
Sold Price
$50,000
Premium/Discount to List
-$49,900
-49.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2015
Sold by
Riebe John E
Bought by
Ottawa Savings Bank

Purchase Details

Closed on
Oct 4, 2009
Sold by
Riebe Renee J
Bought by
Riebe John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,418
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 2007
Sold by
Kirkpatrick Mary E
Bought by
Riebe John E and Riebe Renee J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,600
Interest Rate
6.18%
Mortgage Type
FHA
Source: Public Records
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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
Lasalle County Star Properties Llc -- None Available
Lasalle County Star Properties Llc -- None Available
Ferrari Kimberly $50,000 --
Ottawa Savings Bank -- --
Riebe John E -- None Available
Riebe John E $157,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferrari Kimberly $40,000
Previous Owner Riebe John E $524,418
Previous Owner Riebe John E $153,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2016 07/06/16 Sold $50,000 -49.9% --
04/22/2016 04/22/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $99,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $5,205 $50,536 $8,697 $41,839
2023 $5,323 $50,536 $8,697 $41,839
2022 $5,090 $47,676 $8,205 $39,471
2021 $5,126 $47,676 $8,205 $39,471
2020 $5,100 $47,676 $8,205 $39,471
2019 $5,275 $47,676 $8,205 $39,471
2018 $5,269 $47,676 $8,205 $39,471
2017 $5,249 $47,676 $8,205 $39,471
2016 $5,043 $45,632 $7,853 $37,779
2015 $2,397 $43,529 $7,491 $36,038
2012 -- $47,586 $8,189 $39,397
Source: Public Records

Agents Affiliated with this Home

  • Gina Stoudt

    Seller's Agent in 2016

    Gina Stoudt

    Legacy Realty Latta Young

    (815) 302-4641

    28 in this area

    45 Total Sales

    Gina Stoudt
    Section Image
  • Shawn Brown

    Buyer's Agent in 2016

    Shawn Brown

    The Chrysalis Group

    (815) 324-4373

    43 in this area

    107 Total Sales

    Shawn Brown
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09152960

Midwest Real Estate Data (MRED)

APN: 21-11-316003

Illinois La Salle County Ottawa 61350

615 Webster St, Ottawa, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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