NOT LISTED FOR SALE

124 E 2nd St Muscatine, IA 52761

Estimated Value: $340,247

-- Bed
-- Bath
2,800 Sq Ft
$122/Sq Ft Est. Value

Last Sold November 11, 2020

Last sale price $265,000 $95 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,252/month

143 Days on Market

About This Home

As of November 2020

Beautifully restored historic building in the heart of Downtown Muscatine with great views of the Mississippi River and rare 11 spot parking lot. This building was completely gutted and restored with all new mechanicals ,interior walls, wiring, plumbing. roof,windows and more in 2000.This renovation was done with attention to detail keeping the historic features and charm. The storefront is aprox. 2800 sf. and features the original tin ceiling wood floors and a huge skylight allowing lots of natural light. On level 2 you will find a 2 bedroom 2 bath apartment (aprox 1200Sf) with laundry and a nice patio with river views. Level 3 has an additional 1 bedroom apartment with private laundry. This building has great occupancy history and is currently completely rented. Tenants pay all utilities and maintenance of parking lot.

Last Agent to Sell the Property

Steve Armstrong

RE/MAX Professionals License #B58800000 Listed on: 06/12/2020

RE/MAX Professionals

Last Buyer's Agent

Non-Member Non-Member

Non-Member

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,610

Lot Details

  • 6,098

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for trash, gas, electric, heating, cooling, water/sewer
  • The owner pays for real estate taxes, insurance

Property Details

Property Type

Other

Est. Annual Taxes

$4,610

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Other, Retail
  • Lvt Date: 06/12/2020
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood
  • Total Building Sq Ft: 4800
  • Estimated Lot Sq Ft: 6280 sqft.

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: City Street
  • Insulation: Unknown
  • Roof Construction: Flat
  • Wall Construction: Brick

Utilities

  • Cooling: Central Air
  • Heating: Gas, Electric
  • Water Supply: City on Premises

Lot Info

  • Estimated Number of Acres: 0.14
  • Zoning: C2
  • Geo Subdivision: IA

Rental Info

  • Owner Pays: Real Estate Taxes, Insurance
  • Tenant Pays: Trash, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: Month to Month

Tax Info

  • Annual Taxes: 4610.19
  • Parcel Id Number Tax Id: 0835488013
  • Estimated Taxes Sq Ft: 1.04
  • Tax Incentive: Other Tax Incentive
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Dec 8, 2020
Sold by
Historic Muscatine Inc
Bought by
Grace And Roses Llc
Seller's Agent
Steve Armstrong
RE/MAX Professionals
Buyer's Agent
Non-Member Non-Member
Non-Member
List Price
$325,000
Sold Price
$265,000
Premium/Discount to List
-$60,000
-18.46%
Current Estimated Value
$340,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,247
Avg. Annual Appreciation
5.22%
Original Mortgage
$185,500
Outstanding Balance
$165,445
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$174,802
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
Grace And Roses Llc $265,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grace And Roses Llc $185,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2020 11/11/20 Sold $265,000 -11.6% $95 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
09/18/2020 09/18/20 Price Changed $299,900 -7.7% $107 / Sq Ft
06/12/2020 06/12/20 For Sale $325,000 -- $116 / 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
2025 $5,296 $272,730 $37,360 $235,370
2024 $5,296 $269,510 $37,360 $232,150
2023 $5,646 $267,370 $37,360 $230,010
2022 $5,606 $265,950 $37,360 $228,590
2021 $5,606 $258,670 $37,360 $221,310
2020 $3,274 $145,450 $29,020 $116,430
2019 $3,440 $140,160 $0 $0
2018 $3,500 $140,160 $0 $0
2017 $3,500 $132,130 $0 $0
2016 $3,564 $132,130 $0 $0
2015 $3,564 $119,740 $0 $0
2014 $2,726 $119,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Armstrong

    Seller's Agent in 2020

    Steve Armstrong

    RE/MAX

    (563) 299-8596

    405 Total Sales

    Steve Armstrong
    Section Image

  • N

    Buyer's Agent in 2020

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: RMLS Alliance

MLS Number: QC4212328

RMLS Alliance

APN: 0835488013

Iowa Muscatine County Muscatine 52761

124 E 2nd St, Muscatine, IA

This home is located at 124 E 2nd St, Muscatine, IA 52761 since 12 June 2020 and is currently estimated at $340,247, approximately $121 per square foot. 124 E 2nd St is a home located in Muscatine County with nearby schools including Susan Clark Junior High School, Muscatine High School, and Saints Mary and Matthias Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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