NOT LISTED FOR SALE

1560 7th Ave Moline, IL 61265

Overlook Neighborhood

Estimated Value: $279,652

4 Beds
2 Baths
6,876 Sq Ft
$41/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $335,000 $49 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $1,742/month

77 Days on Market

About This Home

As of December 2021

All brick 6 unit investment property in the Heart of Downtown Moline. Walking distance to restaurants, riverfront and shopping. New boiler system was installed in 2017, new gutters in 2021 and the property has updated vinyl windows. All units are 2 bedroom, 1 bath and rent for $650 monthly.

Last Agent to Sell the Property

George Karfis

LPT Realty, LLC License #S64164000/475.170028 Listed on: 08/11/2021

Last Buyer's Agent

Connie Coster

Ruhl&Ruhl REALTORS Bettendorf License #S39875000/475.126841

Ruhl&Ruhl REALTORS Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,651

Year Built

  • Built in 1920

Lot Details

  • 0.3

Home Design

  • Concrete Foundation

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Moline High School

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,651

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Apartment Building
  • Legal Description: HEALEYS SUBD OF L 1-2 & E 14 L 3 BL 2 ATKINSONS SUB OF O L 20 E 50' L 1
  • Lvt Date: 08/11/2021
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dryers: 1
  • Number of Ranges: 6
  • Number Refrigerators: 6
  • Number Washers: 1
  • Basement: Concrete, Full, Unfinished
  • Price Per Sq Ft: 48.72
  • Total Sq Ft: 6876

Exterior Features

  • Exterior: Brick
  • Road Access: Curbs & Gutters

Garage/Parking

  • Garage Parking: Alley
  • Number Parking Spaces: 10

Utilities

  • Heating Cooling: Gas, Hot Water, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 1275
  • Gas Expense: 2821
  • Laundry Facilities: Common
  • Number Window Units: 6

Schools

  • High School: Moline

Lot Info

  • Estimated Lot Size: 50x54
  • Lot Description: Corner, Level
  • Zoning: 0040 Residential
  • Subdivision: Healey
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 46800

Tax Info

  • Annual Taxes: 5650.96
  • Parcel Id Number Tax Id: 08-32-420-003
  • Tax Year: 2020

Multi Family

  • Total Number Units: 6
  • Gross Annual Income: 47100
  • Total Number Electric Meters: 7
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2021
Closed on
Dec 9, 2021
Sold by
Parkwild Properties Llc
Bought by
Mlj Real Estate Holdings Llc
Seller's Agent
George Karfis
LPT Realty, LLC
Buyer's Agent
Connie Coster
Ruhl&Ruhl REALTORS Bettendorf
List Price
$395,000
Sold Price
$335,000
Premium/Discount to List
-$60,000
-15.19%
Current Estimated Value
$279,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,348
Original Mortgage
$256,000
Outstanding Balance
$236,657
Interest Rate
3.5%
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
Mlj Real Estate Holdings Llc $335,000 Gomez Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mlj Real Estate Holdings Llc $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2021 12/09/21 Sold $335,000 -15.2% $49 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $395,000 0.0% $57 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $395,000 -- $57 / 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 $9,122 $103,396 $4,284 $99,112
2023 $9,122 $62,011 $4,096 $57,915
2022 $5,642 $62,011 $4,096 $57,915
2021 $5,623 $59,227 $3,912 $55,315
2020 $5,651 $58,874 $3,889 $54,985
2019 $5,398 $57,494 $3,798 $53,696
2018 $5,398 $56,517 $3,753 $52,764
2017 $5,279 $55,355 $3,676 $51,679
2016 $5,217 $54,430 $3,615 $50,815
2015 $5,107 $53,311 $3,541 $49,770
2014 $1,205 $54,898 $3,647 $51,251
2013 $1,205 $54,898 $3,647 $51,251
Source: Public Records

Agents Affiliated with this Home

  • George Karfis

    Seller's Agent in 2021

    George Karfis

    LPT Realty, LLC

    (563) 370-0002

    1 in this area

    41 Total Sales

    George Karfis
    Section Image
  • Connie Coster

    Buyer's Agent in 2021

    Connie Coster

    Ruhl&Ruhl REALTORS Bettendorf

    (309) 292-1881

    1 in this area

    156 Total Sales

    Connie Coster
    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4225147

RMLS Alliance

APN: 08-32-420-003

Illinois Rock Island County Moline 61265 Overlook

1560 7th Ave, Moline, IL

Not Listed for Sale

MultiFamily

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