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501 Elm Street

501 Elm Street, Ottawa, IL 61350
Property in Ottawa
Sold Nov 27, 2019
$378,000
$377,700 by First National Bank
Mortgage
Local assessors in Ottawa, IL have categorized 501 Elm Street as a residential type of property. The home was built in 1916 and is 108 years old. The property's lot size has been calculated to be 5,663 square feet. If we look only at the heated or air conditioned part of the building, then 501 Elm Street has a total of 798 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Nov 15, 2019 for $378,000. That's $473.68 per sqft. 501 Elm Street was last assessed in 2022. The total value of the property was assessed at $16,887. Specifically, the land the property is located on was valued at $4,901. While improvements on the property were assessed at a total of $11,986. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,803. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 798
  • Gross Building Area: 798
  • Building Area: 798
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 798
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HESS' ADD
  • Land Acres: 0.13
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: HESS' ADD TO OTTAWA, LT 16 BLK 3 SEC 10-33-3

Ownership

  • Current Owner : WESBECKER PROPERTIES LLC
  • Previous Owner : HANSON MICHELLE
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962800

Geography

  • District: OT
  • Parcel: 21-10-416-019
  • Block: 3
  • Lot: 16
  • Meridian: SEC 10 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3431
  • Longitude: -88.8617

    Address

  • Full Address: 501 Elm St
  • Address - House Number: 501
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C005
  • 4-Digit Zip Code: 3201
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,803
  • Tax Rate Code Area: OT002

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $377,700
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Nov 27, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $377,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $50,661
  • Market Land Value: $14,703
  • Market Improvement Value: $35,958

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $16,887
  • Assessed Land Value: $4,901
  • Assessed Improvements Value: $11,986

    Sales

  • Current Sale Contract Date: Nov 15, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Transaction ID: 11707888896
  • Current Sale Price: $378,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201916367

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK
  • First Mortgage Transaction Date: Nov 27, 2019
  • First Mortgage Loan Amount: $377,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Ottawa



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Frequently Asked Questions

What neighborhood is 501 Elm Street located in?
The 501 Elm Street is a located in the neighborhood of Ottawa in Ottawa, Ottawa.
What is the average sales price for listings in 501 Elm Street?
The average sales price for units in 501 Elm Street is $0 currently.

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