NOT LISTED FOR SALE

2408 E 53rd St Davenport, IA 52807

North Side Neighborhood

Estimated Value: $1,331,233

-- Bed
-- Bath
3,646 Sq Ft
$365/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $850,000 $233 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,686/month

About This Home

As of August 2021

Building currently occupied by Wise Guys Pizza & More. Tenant relocating to smaller take-out/delivery concept. Freestanding building suitable for restaurant retail or office uses. Adjacent to regional draws such as Costco and Portillo's. 32,000 vehicles per day based on data prior to Costco and Portillo's. 56 on-sire parking spaces. Listing agent is a principal in Glory, LLC (owner of property)

Last Agent to Sell the Property

Chris Wilkins

Hawkeye Commercial Real Estate License #B37729000/475.139041 Listed on: 01/05/2021

Last Buyer's Agent

Chris Wilkins

Hawkeye Commercial Real Estate License #B37729000/475.139041 Listed on: 01/05/2021

Property Details

Property Type

  • Other

Year Built

  • Built in 1996

Lot Details

  • 1.04

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area maintenance, janitorial, trash, snow/lawn, gas, electric, heating, cooling, water/sewer, management
  • The owner pays for structural maintenance

Property Details

Property Type

Other

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Restaurant, Retail
  • Lvt Date: 01/12/2021
  • Year Built: 1996
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Tile/Vinyl
  • Other Access: None
  • Total Building Sq Ft: 3646
  • Estimated Lot Sq Ft: 45415

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Paved 4Lane
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 56

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Security System: Yes
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 1.04
  • Zoning: C-2
  • Geo Subdivision: IA
  • Property Use: Freestanding Building, Office Building, Street Retail

Rental Info

  • Lease Dollar Sq Ft: 19.5
  • Lease Type: Net
  • Owner Pays: Structural Maintenance
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area Maint, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer, Management
  • Terms Lease: 5 Years

Tax Info

  • Annual Taxes: 24444
  • Parcel Id Number Tax Id: Y0721-03A
  • Tax Incentive: In City Limit
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
Jul 13, 2021
Sold by
Glory Llc
Bought by
Ruppel Iowa Llc
Seller's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
Buyer's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,331,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,233
Avg. Annual Appreciation
11.45%

Purchase Details

Listed on
Nov 6, 2017
Closed on
Jan 3, 2018
Sold by
Jersey Meadows Commercial Developers Lc
Bought by
Glory Llc
Seller's Agent
Ryan Fick
Mel Foster Co. Davenport
Buyer's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
List Price
$816,379
Sold Price
$816,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.12%
Original Mortgage
$505,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Ruppel Iowa Llc $850,000 None Listed On Document
Glory Llc $816,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glory Llc $505,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $850,000 0.0% $233 / Sq Ft
01/05/2021 01/05/21 For Sale $850,000 +4.1% $233 / Sq Ft
01/04/2018 01/04/18 Sold $816,379 0.0% $224 / Sq Ft View Prior Sale
11/06/2017 11/06/17 Pending -- -- --
11/06/2017 11/06/17 For Sale $816,379 -- $224 / 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 $31,200 $993,900 $272,490 $721,410
2023 $17,948 $993,900 $272,490 $721,410
2022 $24,666 $569,170 $272,490 $296,680
2021 $24,666 $773,860 $272,490 $501,370
2020 $24,444 $773,860 $272,490 $501,370
2019 $21,258 $690,300 $272,490 $417,810
2018 $124 $690,300 $272,490 $417,810
2017 $6,213 $690,300 $272,490 $417,810
2016 $22,128 $0 $0 $0
2015 $22,128 $0 $0 $0
2014 $23,388 $0 $0 $0
2013 $26,558 $0 $0 $0
2012 -- $805,800 $354,400 $451,400
Source: Public Records

Agents Affiliated with this Home

  • Chris Wilkins

    Seller's Agent in 2021

    Chris Wilkins

    Hawkeye Commercial Real Estate

    (563) 505-4741

    31 in this area

    99 Total Sales

    Chris Wilkins
    Section Image

  • R

    Seller's Agent in 2018

    Ryan Fick

    [Mel Foster Brand]

    (563) 508-0224

    4 in this area

    77 Total Sales

    Ryan Fick
    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4218110

RMLS Alliance

APN: Y0721-03A

Iowa Scott County Davenport 52807 North Side

2408 E 53rd St, Davenport, IA

This home is located at 2408 E 53rd St, Davenport, IA 52807 since 05 January 2021 and is currently estimated at $1,331,233, approximately $365 per square foot. This property was built in 1996. 2408 E 53rd St is a home located in Scott County with nearby schools including Eisenhower 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.

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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