NOT LISTED FOR SALE

2405 Farnam St Unit 2403 Davenport, IA 52803

Near North Side Neighborhood

Estimated Value: $151,000 - $154,000

6 Beds
2 Baths
2,088 Sq Ft
$73/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $140,900 $67 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,074/month

21 Days on Market

About This Home

As of July 2021

Fantastic investment opportunity, 2 unit side by side duplex available in Central Davenport, close to schools, shopping, and VanderVeer Park! Home is split down the middle with the exact same floor plan on both sides of the property. Each unit has dual entrances either into the front living room space or into the kitchen from the side. Units are 3 bedrooms & 1 full bath in the upper level, attic access for additional storage, with the living room, dining room and kitchen on the main floor. Property is located on a nice corner lot, with beautiful perennial landscaping, mature trees, and a back patio. The detached 2 car garage has a divider in the middle so that each tenant may have their own covered parking spot, and also has an additional parking slab for a third vehicle. 2403 is currently occupied with a long term tenant. All utilities between the two units are separate, and each tenant pays their own. Schedule your private showing today!

Last Agent to Sell the Property

Jennifer Johnston

Haven. Real Estate License #S68513000/475.192243 Listed on: 05/14/2021

Co-Listed By

Beth Nolting

RE/MAX Concepts Bettendorf License #S57061000/475.185764

Last Buyer's Agent

Amanda Duprey

RE/MAX Concepts Bettendorf License #S66747000/475.182702

RE/MAX Concepts Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,498

Year Built

  • Built in 1910

Lot Details

  • 9,148

Schools

  • Davenport Elementary School
  • Davenport High School

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,498

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Duplex/Side by Side
  • Legal Description: Sec:24 Twp:78 Rng:03PT E/2 SW/4 SEC24-78-3 COM 25' N OF NW COR LOT 10 BLK 8 SLAYMAKER'S SUB-E 150 N
  • Lvt Date: 05/14/2021
  • Year Built: 1910
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Number Washers: 1
  • Basement: Concrete
  • Price Per Sq Ft: 67.48
  • Total Sq Ft: 2088

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached, On-Street Parking, Parking Slab, Shared Garage
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 123
  • Laundry Facilities: Units Hook-Ups
  • Water Sewer Expenses: 45

Schools

  • Elementary School: Davenport
  • Middle School: Davenport
  • High School: Davenport
  • Elementary School: Davenport
  • High School: Davenport

Lot Info

  • Estimated Lot Size: 60X150
  • Estimated Number of Acres: 0.21
  • Lot Description: Corner
  • Subdivision: Slaymaker
  • Additional Assessor Parcel Numbers: C25054
  • Geo Subdivision: IA

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 6600
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 2498
  • Parcel Id Number Tax Id: C0035-35
  • Tax Year: 2019

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 6600
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

MLS Schools

  • Middle School: Davenport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2023
Sold by
Nielson Amy and Nielson Christian Trevor
Bought by
2405 Farnam St Property Llc
Total Days on Market
21
Current Estimated Value
$152,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Outstanding Balance
$114,161
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$47,753

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 29, 2021
Sold by
Cee Vance J
Bought by
Nielson Amy and Nielson Christian Trevor
Seller's Agent
Jennifer Johnston
Haven. Real Estate
Buyer's Agent
Amanda Duprey
RE/MAX Concepts Bettendorf
List Price
$149,900
Sold Price
$140,900
Premium/Discount to List
-$9,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.64%
Original Mortgage
$105,675
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2020
Sold by
Cee Trevor L
Bought by
Cee Vance J
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
2405 Farnam St Property Llc -- Boston National Title
Nielson Amy $141,000 None Listed On Document
Cee Vance J -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2405 Farnam St Property Llc $116,250
Previous Owner Nielson Amy $105,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $140,900 -2.8% $67 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
06/01/2021 06/01/21 Price Changed $144,900 -3.3% $69 / Sq Ft
05/14/2021 05/14/21 For Sale $149,900 -- $72 / 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 $2,584 $148,210 $33,000 $115,210
2023 $2,650 $148,210 $33,000 $115,210
2022 $2,814 $124,070 $25,500 $98,570
2021 $2,662 $124,070 $25,500 $98,570
2020 $2,498 $118,320 $25,500 $92,820
2019 $2,472 $113,390 $25,500 $87,890
2018 $2,382 $113,390 $25,500 $87,890
2017 $603 $111,750 $25,500 $86,250
2016 $2,194 $103,540 $0 $0
2015 $2,194 $107,000 $0 $0
2014 $2,302 $107,000 $0 $0
2013 $2,066 $0 $0 $0
2012 -- $108,470 $22,660 $85,810
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Johnston

    Seller's Agent in 2021

    Jennifer Johnston

    Haven. Real Estate

    (563) 370-6420

    11 in this area

    145 Total Sales

    Jennifer Johnston
    Section Image
  • Beth Nolting

    Seller Co-Listing Agent in 2021

    Beth Nolting

    RE/MAX

    (563) 570-0144

    40 in this area

    390 Total Sales

    Beth Nolting
    Section Image
  • Amanda Duprey

    Buyer's Agent in 2021

    Amanda Duprey

    RE/MAX

    (623) 341-7724

    8 in this area

    106 Total Sales

    Amanda Duprey
    Section Image
  • Richard Bassford

    Buyer Co-Listing Agent in 2021

    Richard Bassford

    RE/MAX

    (309) 292-3681

    45 in this area

    1,700 Total Sales

    Richard Bassford
    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4221584

RMLS Alliance

APN: C0035-35

Iowa Scott County Davenport 52803 Near North Side

2405 Farnam St Unit 2403, Davenport, IA

This home is located at 2405 Farnam St Unit 2403, Davenport, IA 52803 since 14 May 2021 and is currently estimated at $152,883, approximately $73 per square foot. This property was built in 1910. 2405 Farnam St Unit 2403 is a home located in Scott County with nearby schools including Garfield Elementary School, Sudlow Intermediate School, and Central High 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.

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