NOT LISTED FOR SALE

Estimated Value: $297,377

-- Bed
-- Bath
8,314 Sq Ft
$36/Sq Ft Est. Value

Last Sold June 06, 2014

Last sale price $160,000 $19 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,944/month

149 Days on Market

About This Home

As of June 2014

Modernistic motel that is still operational. 24 units includes manager's living quarters. 12 buildings and 1.87 acres. Lot goes north to the railroad tracks. Some tenants have lived there for 12 years. Could be transformed into multi-family.

Last Agent to Sell the Property

David Levin

Hawkeye Commercial Real Estate License #475.081178/B27165000 Listed on: 11/20/2013

Last Buyer's Agent

David Ryan

RE/MAX Best Commercial License #B42926000/475.122478

RE/MAX Best Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,252

Year Built

  • Built in 1944

Lot Details

  • 1.87

Home Design

  • Duplex

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for all

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,252

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Style: Side by Side
  • Sub Type: Multi-Family
  • Year Built: 1944
  • Handicap Modified: Yes
  • Miscellaneous: Resident Manager
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Total Sq Ft: 8314
  • Other Access: None
  • Estimated Lot Sq Ft: 78,655.69 SF

Exterior Features

  • Exterior Finish: Wood Siding, Other Exterior Finish
  • Frontage Access: Paved 2Lane, Inside Lot
  • Insulation: Roof, Side Walls
  • Roof Construction: Flat, Other Roof Construction
  • Wall Construction: Frame

Garage/Parking

  • Garages: Yes

Utilities

  • Cooling: Individual Units
  • Heating: Forced Air, Gas, Individual Units, Zones
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 1.87
  • Zoning: NC
  • Geo Subdivision: IL

Rental Info

  • Common Laundry: Yes
  • Owner Pays: All
  • Sale Lease Includes: Building, Land
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 8252.44
  • Parcel Id Number Tax Id: 08-6284
  • Tax Incentive: In City Limit
  • Tax Year: 2012

Multi Family

  • Total Number Units: 24

Range of Values:

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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

Mortgage History

Date Status Borrower Loan Amount
Closed Gta Motel Llc $177,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2014 06/06/14 Sold $160,000 -28.9% $19 / Sq Ft
04/18/2014 04/18/14 Pending -- -- --
11/20/2013 11/20/13 For Sale $225,000 -- $27 / 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 $9,510 $107,790 $43,344 $64,446
2023 $9,510 $103,050 $41,438 $61,612
2022 $9,376 $103,050 $41,438 $61,612
2021 $9,344 $98,424 $39,578 $58,846
2020 $939 $97,837 $39,342 $58,495
2019 $9,232 $95,544 $38,420 $57,124
2018 $9,018 $94,417 $37,964 $56,453
2017 $8,818 $92,475 $37,183 $55,292
2016 $8,715 $90,929 $36,561 $54,368
2015 $8,531 $89,059 $35,809 $53,250
2014 -- $90,645 $36,447 $54,198
2013 -- $90,645 $36,447 $54,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAQC7030458

RMLS Alliance

APN: 08-34-211-001