NOT LISTED FOR SALE

1718 8th Ave Moline, IL 61265

Downtown Moline Neighborhood

Estimated Value: $162,053

Studio
1 Bath
1,920 Sq Ft
$84/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $158,000 $82 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,239/month

9 Days on Market

About This Home

As of September 2024

This mix space Commercial/Residential 8 unit building consisting of 2 upper residential units, a 1 bedroom 1 bath (needs a kitchen addition) and a 2 bedroom 1 bath, plus 6 1-office suites. These suites share a common area and 2 half baths. Unit 5 $200, Unit 6 $250, Unit 7 $250, Unit 8 $450 (1 office $250 and 1 mini office $200.)

Last Agent to Sell the Property

Eric Ryden

Quad Cities Iowa Realty - Moline License #471.010835/B42437000 Listed on: 08/06/2024

Quad Cities Iowa Realty - Moline

Last Buyer's Agent

Ethan Simons

NAI Ruhl Commercial Company License #S65924000/475.178290

NAI Ruhl Commercial Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,727

Year Built

  • Built in 1952

Lot Details

  • Lot Dimensions are 84x127x95x34x92

Home Design

  • 1,920 Sq Ft Home
  • Block Foundation
  • Aluminum Siding

Utilities

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

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $2,989
  • Water Sewer Expense $838
  • Operating Expense $5,551
  • Gross Income $38,030
  • Net Operating Income $27,752

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,727

Year Built

Built in 1952

Lot Details

0.25 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1952
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Lot 1 Supvr Asst Map Lot 454 Sheet 17 Oakwold
  • Information: Show-Key in Listing Office
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • Foundation Details: Block
  • Frontage Type: Paved

Utilities

  • Cooling: Central Air
  • Electric: Shared Meters
  • Heat/Ventilation: Forced Air,Gas

Fee Information

  • Water Sewer Expenses: 838

Lot Info

  • Lot Dimensions: 84x127x95x34x92
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: Other, None
  • Board Number: 30

Building Info

  • BuildingAreaTotal: 1920

Multi Family

  • Net Operating Income: 27752
  • ElectricExpense: 2989
  • GrossIncome: 38030
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 5551

Tax Info

  • Tax Annual Amount: 4726.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Sep 12, 2024
Sold by
Fullerlove Ronald E and Fullerlove Georgette K
Bought by
Ram 8 Llc
Seller's Agent
Eric Ryden
Quad Cities Iowa Realty - Moline
Buyer's Agent
Ethan Simons
NAI Ruhl Commercial Company
List Price
$175,000
Sold Price
$158,000
Premium/Discount to List
-$17,000
-9.71%
Views
17
Current Estimated Value
$162,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,053
Avg. Annual Appreciation
1.76%
Original Mortgage
$139,650
Outstanding Balance
$123,114
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$38,939
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
Ram 8 Llc $158,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ram 8 Llc $139,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2024 09/13/24 Sold $158,000 -9.7% $82 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $175,000 -- $91 / Sq Ft
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 $4,843 $54,888 $7,800 $47,088
2023 $4,843 $52,474 $7,457 $45,017
2022 $4,775 $52,474 $7,457 $45,017
2021 $4,758 $50,118 $7,122 $42,996
2020 $4,782 $49,820 $7,080 $42,740
2019 $4,701 $48,652 $6,914 $41,738
2018 $4,592 $48,079 $6,832 $41,247
2017 $4,491 $47,090 $6,691 $40,399
2016 $4,438 $46,303 $6,579 $39,724
2015 $4,344 $45,351 $6,444 $38,907
2014 $1,058 $46,159 $6,559 $39,600
2013 $1,058 $46,159 $6,559 $39,600
Source: Public Records

Agents Affiliated with this Home

  • Eric Ryden

    Seller's Agent in 2024

    Eric Ryden

    Quad Cities Iowa Realty - Moline

    (309) 277-9701

    3 in this area

    740 Total Sales

    Eric Ryden
    Section Image
  • Ethan Simons

    Buyer's Agent in 2024

    Ethan Simons

    NAI Ruhl Commercial Company

    (309) 281-9183

    5 in this area

    41 Total Sales

    Ethan Simons
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4255231

Midwest Real Estate Data (MRED)

APN: 08-32-400-002

Illinois Rock Island County Moline 61265 Downtown Moline

1718 8th Ave, Moline, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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