$90,000
SOLD DEC 5, 2024

1218 E 2nd St Muscatine, IA 52761

4 Beds
2 Baths
1,760 Sq Ft
6,142 Sq Ft Lot

Recently Sold

$51 Per Sq Ft

5% Below List Price

23 Days on Market

About This Home

As of December 2024

Duplex with a strong rental history. There are two apartments with 2 bedrooms and 1 bathroom each. In-unit laundry hookups. Both apartments are occupied with stable renters. All utilities are separate and are paid by the renters. There is ample off street parking behind the building. Driveway has shared access to the house next door but driveway is a part of this parcel. Good mechanicals and a new roof was installed in 2024. Minimal interior photos because units are occupied. 36 hour notice to show. Rents are currently below market rate.

Last Agent to Sell the Property

ANDREW ANDERSON

RUHL & RUHL REALTORS License #S64481000 Listed on: 10/10/2024

RUHL & RUHL REALTORS

Last Buyer's Agent

CAROLINA PONCE

RE/MAX PROFESSIONALS License #S69280000

RE/MAX PROFESSIONALS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,184

Year Built

  • Built in 1900

Parking

  • 6 Car Garage

Home Design

  • 1,760 Sq Ft Home

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0836187009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,184

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Items That Stay: Refrigerator, Stove
  • Zoning: C-1
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Above Grade Sq Ft: 1760.00
  • Basement YN: Yes

Garage/Parking

  • Garage Stalls Parking: 6.00

Utilities

  • Utilities Providers City Sewer: YES
  • Utilities Providers City Water: YES
  • Utilities Providers Electricity: MPW
  • Utilities Providers Heat: Gas
  • Utilities Providers Natural Gas: Alliant
  • Utilities Providers Water Heater: gas
  • Number Electric Meters: 2
  • Number Furnaces: 2
  • Number Water Heaters: 2
  • Number Water Meters: 2

Schools

  • School District: Muscatine
  • School District: Muscatine

Lot Info

  • Prop Grp ID: 19990816212109142258000000
  • Lot Size: 6131

Tax Info

  • Gross Taxes: 1185.00
  • Named Parcel Number: 0836187009

Multi Family

  • No. of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Dec 5, 2024
Sold by
John A Summy Trust and Summy Rodney
Bought by
Carrizalez Jorge Vazquez and De-Alba-Vazquez Laura E
Seller's Agent
ANDREW ANDERSON
RUHL & RUHL REALTORS
Buyer's Agent
CAROLINA PONCE
RE/MAX PROFESSIONALS
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Views
22
Current Estimated Value
$89,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$459
Avg. Annual Appreciation
0.88%
Original Mortgage
$67,500
Outstanding Balance
$66,948
Interest Rate
6.54%
Mortgage Type
Credit Line Revolving
Estimated Equity
$23,598

Purchase Details

Closed on
Jun 27, 2017
Sold by
Castro Luis and Castro Rosa Maria
Bought by
Tapia Rachael

Purchase Details

Closed on
Feb 24, 2017
Sold by
Johnson Chad
Bought by
Castro Luis and Castro Rosa Marie

Purchase Details

Closed on
Mar 13, 2014
Sold by
Community Bank
Bought by
Hawkeye Homes Llc
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 Type Sale Price Title Company
Warranty Deed $90,000 None Listed On Document
Land Contract $36,000 None Available
Quit Claim Deed -- None Available
Deed $42,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $67,500 Credit Line Revolving
Closed $0 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $90,000 -5.3% $51 / Sq Ft
11/02/2024 11/02/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $95,000 -- $54 / Sq Ft
Source: Muscatine Multiple Listing Service

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 $1,184 $68,100 $16,690 $51,410
2023 $1,184 $68,052 $16,695 $51,357
2022 $1,204 $59,430 $15,750 $43,680
2021 $1,204 $58,990 $15,750 $43,240
2020 $1,134 $52,670 $12,930 $39,740
2019 $1,182 $53,500 $0 $0
2018 $1,166 $53,500 $0 $0
2017 $1,166 $51,120 $0 $0
2016 $1,156 $51,120 $0 $0
2015 $1,156 $49,480 $0 $0
2014 $1,126 $49,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Muscatine Multiple Listing Service

MLS Number: 24-609

Muscatine Multiple Listing Service

APN: 0836187009