NOT LISTED FOR SALE

Estimated Value: $133,000 - $152,000

6 Beds
2 Baths
2,432 Sq Ft
$58/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $120,000 $49 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $953/month

5 Days on Market

Highlights

  • 4 Car Detached Garage
  • Asbestos
  • Level Lot
  • Forced Air Heating System

About This Home

As of March 2023

Turn key investment opportunity, $1,820 gross monthly rents! Side by side duplex with 2 car garage and good rental history. Separately metered, tenants pay their own utilities and are responsible for own lawn and snow care. Currently managed by McDonnell property management. Photos are prior to current tenants. Seller is a licensed Realtor in IA and IL. Seller plans to do a 1031 exchange. 48 hour notice for showings.

Last Agent to Sell the Property

Mike Pezley

RE/MAX Concepts Bettendorf License #S58232000/475.136516 Listed on: 01/21/2023

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Lonni Swain

RE/MAX Concepts Bettendorf License #S33715000/475.142004

RE/MAX Concepts Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,128

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 50x150
  • Level Lot

Home Design

  • 2,432 Sq Ft Home
  • Stone Foundation
  • Shingle Roof
  • Asbestos

Parking

  • 4 Car Detached Garage
  • Alley Access

Schools

  • Davenport High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Mitchell Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, lawn care, snow removal
  • Assessor Parcel Number G0016-48

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,128

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1920
  • New Construction: No
  • Structure Type: Two or More Story
  • PricePerSqFt: 49.34
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: None

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Alley
  • Construction Type: Abestos
  • Foundation Details: Stone
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Alley Access, Detached
  • Total Parking Spaces: 4

Utilities

  • Heating: Forced Air, Gas, Central Air
  • Laundry Features: Units Hook-Ups
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 2
  • NumberOfGasMeters: 2
  • NumberOfElectricMeters: 2
  • NumberofWaterMeters: 2
  • NumberOfRanges: 2
  • NumberofRefrigerators: 2

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Davenport

Lot Info

  • Lot Size: 50X150
  • Parcel #: G0016-48

Rental Info

  • Tenant Pays: All Utilities, Lawn Care, Snow Removal

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2468
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 21840
  • Resident Manager Expense: 1747
  • Annual Operating Expense: 2647

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2023
Closed on
Mar 24, 2023
Sold by
Cinnamyl Ladys Ventures Llc
Bought by
T & S Management Llc
Seller's Agent
Mike Pezley
RE/MAX Concepts Bettendorf
Buyer's Agent
Lonni Swain
RE/MAX Concepts Bettendorf
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%
Views
51
Current Estimated Value
$139,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,902
Avg. Annual Appreciation
6.98%
Original Mortgage
$96,000
Outstanding Balance
$61,286
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$78,584

Purchase Details

Closed on
Dec 11, 2009
Sold by
Pezley Mike A and Pezley Kathy L
Bought by
Cinnamyl Ladys Ventures Llc Series K

Purchase Details

Closed on
Aug 31, 2009
Sold by
Cinnamyl Ladys Ventures Llc
Bought by
Pazley Mike A and Pezley Kathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
5.27%
Mortgage Type
New Conventional
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
T & S Management Llc $120,000 --
Cinnamyl Ladys Ventures Llc Series K -- None Available
Pazley Mike A -- Gomez Title & Closing Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open T & S Management Llc $96,000
Previous Owner Pazley Mike A $66,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $120,000 -4.0% $49 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/21/2023 01/21/23 For Sale $125,000 -- $51 / Sq Ft
Source: RMLS Alliance

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 $2,128 $122,060 $22,500 $99,560
2023 $2,544 $122,060 $22,500 $99,560
2022 $2,744 $114,890 $16,250 $98,640
2021 $2,466 $114,890 $16,250 $98,640
2020 $2,274 $104,650 $16,250 $88,400
2019 $2,287 $100,000 $16,250 $83,750
2018 $2,301 $100,000 $16,250 $83,750
2017 $2,274 $100,000 $16,250 $83,750
2016 $2,630 $100,000 $0 $0
2015 $2,190 $92,210 $0 $0
2014 $2,048 $92,210 $0 $0
2013 $2,012 $0 $0 $0
2012 -- $99,910 $17,850 $82,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4239960

RMLS Alliance

APN: G0016-48