Seller's Agent in 2023
Mike Pezley
RE/MAX
(563) 505-3796
3 in this area
166 Total Sales
1216 16th St Rock Island, IL 61201
Broadway NeighborhoodEstimated Value: $92,000 - $106,157
--
Bed
--
Bath
2,791
Sq Ft
$36/Sq Ft
Est. Value
Highlights
- 4 Car Detached Garage
- Level Lot
- 5-minute walk to Hauberg Estate Park
- Forced Air Heating System
About This Home
As of March 2023Over 12% cap rate! Turnkey investment opportunity! This is an upper and lower conversion that is separately metered. Downstairs has a beautiful decorative fireplace, original woodwork, access to basement with laundry hookups. Both units are advertised as 2 bedrooms but really could be used as 3. In back is a large shed for tenants and a two car garage currently used by owner. there are two water meters but owner pays water. sewer and garbage and includes in rent. Need 24 hour to show. See attached investment analysis.
Last Agent to Sell the Property
RE/MAX Concepts Bettendorf License #S58232000/475.136516 Listed on: 11/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,158
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 54x121
- Level Lot
Home Design
- Shingle Roof
- Stucco
Interior Spaces
- 2,791 Sq Ft Home
- Basement Fills Entire Space Under The House
Parking
- 4 Car Detached Garage
- Parking Pad
- On-Street Parking
Schools
- Rock Island High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- Black Hawk Subdivision
Listing and Financial Details
- Assessor Parcel Number 16-02-203-010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2022
Closed on
Mar 23, 2023
Sold by
Bierman Timothy J
Bought by
Mcdowell Terry R and Summage Redell K
Seller's Agent
Mike Pezley
RE/MAX Concepts Bettendorf
Buyer's Agent
Kathy Meyer
Ruhl&Ruhl REALTORS Moline
List Price
$100,000
Sold Price
$86,000
Premium/Discount to List
-$14,000
-14%
Views
130
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,289
Avg. Annual Appreciation
6.68%
Original Mortgage
$68,250
Outstanding Balance
$36,808
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$64,481
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcdowell Terry R | $86,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcdowell Terry R | $68,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2023 03/24/23 | Sold | $86,000 | -3.4% | $31 / Sq Ft |
| 02/05/2023 02/05/23 | Pending | -- | -- | -- |
| 02/02/2023 02/02/23 | Price Changed | $89,000 | -3.2% | $32 / Sq Ft |
| 01/11/2023 01/11/23 | Price Changed | $91,900 | -0.1% | $33 / Sq Ft |
| 12/08/2022 12/08/22 | Price Changed | $92,000 | -8.0% | $33 / Sq Ft |
| 11/07/2022 11/07/22 | For Sale | $100,000 | -- | $36 / Sq Ft |
Source: RMLS Alliance
Tax History Compared to Growth
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 | $2,419 | $23,709 | $2,556 | $21,153 |
| 2023 | $2,419 | $22,623 | $2,439 | $20,184 |
| 2022 | $2,179 | $21,002 | $2,290 | $18,712 |
| 2021 | $2,158 | $20,156 | $2,198 | $17,958 |
| 2020 | $2,130 | $19,664 | $2,144 | $17,520 |
| 2019 | $2,652 | $19,664 | $2,144 | $17,520 |
| 2018 | $2,652 | $24,979 | $2,102 | $22,877 |
| 2017 | $2,569 | $24,610 | $2,071 | $22,539 |
| 2016 | $2,477 | $24,127 | $2,030 | $22,097 |
| 2015 | $2,375 | $22,869 | $1,924 | $20,945 |
| 2014 | -- | $22,996 | $1,935 | $21,061 |
| 2013 | -- | $22,996 | $1,935 | $21,061 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Pezley
-
Kathy Meyer
Buyer's Agent in 2023
Kathy Meyer
Ruhl&Ruhl REALTORS Moline
(309) 737-5323
1 in this area
139 Total Sales
Map
Source: RMLS Alliance
MLS Number: QC4238532
APN: 16-02-203-010
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