NOT LISTED FOR SALE

Estimated Value: $102,000 - $461,000

Studio
-- Bath
-- Sq Ft
0.58 Acres

Last Sold December 27, 2017

Last sale price $177,500

Est. 58% increase in value since last sale

Current estimated payment $1,739/month

309 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 3-minute walk to Velie Park
  • Forced Air Heating and Cooling System

About This Home

As of December 2017

Historic 6,500 SF 3 story frame home with gorgeous view of downtown Moline and the Mississippi River. Once occupied by John Deere s granddaughter, this home was converted to apartments in 1936. Now a 6-plex, 4 units have been partially finished on the 2nd and 3rd floors; all materials are present to finish the one and two bedroom units. The main floor is a 3 bedroom, 2 bath apartment currently owner occupied, but will vacate after closing. New plumbing, electrical and sprinkler system. Appraised at $285,000; for sale at $60,000 below appraisal value. Please call Listing Agent 24 hours prior to showing.

Last Agent to Sell the Property

David Levin

Hawkeye Commercial Real Estate License #475.081178/B27165000 Listed on: 12/04/2016

Last Buyer's Agent

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000/475.142927

RE/MAX Concepts Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $760

Year Built

  • Built in 1916

Lot Details

  • 0.58

Home Design

  • Frame Construction
  • Wood Siding
  • Stone Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Wood Flooring
  • 0.58 Acre Lot

Community Details

  • 6 Units

Listing and Financial Details

  • The owner pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$760

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Ownership Type: Individual
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Estimated Age: Older
  • Sale Price Includes: Building,Land
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • OwnerPays: All Utilities
  • Possible Use: Multi-Family

Exterior Features

  • Construction Materials: Stone, Frame, Wood Siding
  • Frontage Type: Paved

Utilities

  • Cooling: Central Air
  • Water Source: Municipal Water
  • Heat/Ventilation: Forced Air,Gas

Lot Info

  • Lot Size Acres: 0.58
  • Lot Size Sq Ft: 25265
  • Zoning: R-2
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: None
  • Board Number: 30

Multi Family

  • NumberOfUnitsTotal: 6

Tax Info

  • Tax Annual Amount: 759.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2023
Sold by
Windmill Farm Investments Llc
Bought by
Saigon Investments Llc
Current Estimated Value
$280,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,930
Outstanding Balance
$311,119
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$30,328

Purchase Details

Listed on
Dec 4, 2016
Closed on
Dec 22, 2017
Sold by
Albers Julie K
Bought by
Windmill Farm Investments Llc
Seller's Agent
David Levin
Hawkeye Commercial Real Estate
Buyer's Agent
Richard Bassford
RE/MAX Concepts Bettendorf
List Price
$285,000
Sold Price
$177,500
Premium/Discount to List
-$107,500
-37.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$247,500
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Saigon Investments Llc $400,000 None Listed On Document
Windmill Farm Investments Llc $177,500 Andich Stephen G
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saigon Investments Llc $319,930
Previous Owner Windmill Farm Investments Llc $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2017 12/27/17 Sold $177,500 -37.7% --
10/09/2017 10/09/17 Pending -- -- --
12/04/2016 12/04/16 For Sale $285,000 -- --
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 $11,857 $134,395 $9,602 $124,793
2023 $11,857 $128,485 $9,180 $119,305
2022 $5,122 $56,292 $9,180 $47,112
2021 $5,105 $53,765 $8,768 $44,997
2020 $5,130 $53,445 $8,716 $44,729
2019 $5,043 $52,193 $8,512 $43,681
2018 $4,768 $49,918 $8,411 $41,507
2017 $4,090 $48,891 $8,238 $40,653
2016 $1,196 $13,233 $8,100 $5,133
2015 $760 $7,933 $7,933 $0
2014 -- $8,081 $8,081 $0
2013 -- $8,081 $8,081 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC7036355

Midwest Real Estate Data (MRED)

APN: 08-32-333-017