NOT LISTED FOR SALE

Estimated Value: $558,693

Studio
-- Bath
9,504 Sq Ft
$59/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $511,600 $54 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,273/month

90 Days on Market

About This Home

As of March 2024

Great investment opportunity in Moline! 12 unit brick building with eight 2 bedroom units and four 1 bedroom units. Coin operated laundry for additional income as well. Tenants pay electric. Owner pays water/sewer garbage.

Last Agent to Sell the Property

Dave Rossa

Mel Foster Co. Davenport License #475.106756/S38561000 Listed on: 10/27/2023

Mel Foster Co. Davenport

Last Buyer's Agent

Shannon Lough

Milltown Realty, LLC License #475.154024/B63405000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,225

Year Built

  • Built in 1963

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 172 x 119 x 153 x 110

Home Design

  • 9,504 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction

Utilities

  • Hot Water Heating System

Community Details

  • 12 Units
  • Operating Expense $43,737

Listing and Financial Details

  • The owner pays for common area maintenance, gas, insurance, taxes, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,225

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT 2 AND 3 DON BEALERS 1ST SUBD
  • Information: 24-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • Sale Price Includes: Building,Land
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • OwnerPays: Common Area Maintenance, Gas, Insurance, Taxes, Trash Collection, Water
  • Possible Use: Multi-Family

Exterior Features

  • Construction Materials: Brick, Frame
  • Frontage Type: Paved

Utilities

  • Water Source: Municipal Water
  • Heat/Ventilation: Hot Water

Lot Info

  • Lot Size Acres: 0.43
  • Lot Dimensions: 172 x 119 x 153 x 110
  • Lot Size Sq Ft: 18730
  • Zoning: Comme
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 9504

Rental Info

  • Board Number: 30

Multi Family

  • NumberOfUnitsTotal: 12
  • OperatingExpense: 43737

Tax Info

  • Tax Annual Amount: 16224.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Mar 7, 2024
Sold by
Niska Douglas R and Niska Judy R
Bought by
Walker Heights Llc
Seller's Agent
Dave Rossa
Mel Foster Co. Davenport
Buyer's Agent
Shannon Lough
Milltown Realty, LLC
List Price
$600,000
Sold Price
$511,600
Premium/Discount to List
-$88,400
-14.73%
Current Estimated Value
$558,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,093
Avg. Annual Appreciation
4.74%
Original Mortgage
$358,120
Outstanding Balance
$263,740
Interest Rate
7.15%
Mortgage Type
New Conventional
Estimated Equity
$294,953
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Walker Heights Llc $511,600 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Heights Llc $358,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2024 03/08/24 Sold $511,600 -14.7% $54 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
10/27/2023 10/27/23 For Sale $600,000 -- $63 / 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 $16,456 $186,515 $17,335 $169,180
2023 $16,456 $178,313 $16,573 $161,740
2022 $16,225 $178,313 $16,573 $161,740
2021 $16,169 $170,308 $15,829 $154,479
2020 $16,249 $169,293 $15,735 $153,558
2019 $15,974 $165,325 $15,366 $149,959
2018 $15,605 $163,380 $15,184 $148,196
2017 $15,260 $160,020 $14,872 $145,148
2016 $15,080 $157,345 $14,623 $142,722
2015 $14,762 $154,108 $14,322 $139,786
2014 $3,595 $156,853 $14,577 $142,276
2013 $3,595 $156,853 $14,577 $142,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4247630

Midwest Real Estate Data (MRED)

APN: 08-32-450-004