Megan Burgmeier Pierce
Red Tree Realty/REAL Broker, LLC
(815) 554-5566
153 Total Sales
12 in Bettendorf
$194K - $280K Price Range
2440 Shaker Ct Bettendorf, IA 52722
Bettendorf Area
--
Bed
--
Bath
11,744
Sq Ft
0.51
Acre Lot
Highlights
- 0.52 Acre Lot
- Forced Air Heating and Cooling System
- Wood Siding
About This Home
As of December 2024If you're looking for a fantastic investment, look no further! Right in the heart of Bettendorf, this turnkey 10-unit apartment building has been completely renovated. Each apartment comes with 2 bedrooms, 1 bathroom, & 2 parking spaces. It's been updated with all modern fixtures, including new furnaces & central air units. There's a laundry room with coin-operated machines, & each unit has a storage cage in the basement. Plus, there are separate gas & electric meters for each unit. Current market rate for rent is $995 plus utilities. The location is super convenient too, close to schools & right near I-74, so getting around is a breeze. Projected income for the property stands at $133,490 with rent, laundry, pet fees, & utility recovery offering strong cash flow. There's also an opportunity for value add, with raw space that can be converted into an additional 1-bed apartment for an estimated $70k, potentially generating $775-800 in monthly rent. With full occupancy anticipated in weeks, this property is read to deliver solid returns! Seller is a REALTOR Licensed in IA, IL & FL.
Last Agent to Sell the Property
Robert Bermes
RE/MAX Concepts Bettendorf License #471.017546/B65095000 Listed on: 09/18/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,316
Year Built
- Built in 1975
Lot Details
- 22,433 Sq Ft Lot
- Lot Dimensions are 18x31x41x40x169x174x218
Home Design
- 11,744 Sq Ft Home
- Brick Exterior Construction
- Wood Siding
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Community Details
- 10 Units
Listing and Financial Details
- Tenant pays for air conditioning, heat
- The owner pays for insurance, taxes, snow removal, trash collection, water
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2024
Closed on
Dec 6, 2024
Sold by
Bought by
Seller's Agent
Robert Bermes
RE/MAX Concepts Bettendorf
Buyer's Agent
Jesse Hammes
Cornerstone Partners QC - Real Broker, LLC
List Price
$1,050,000
Sold Price
$920,000
Premium/Discount to List
-$130,000
-12.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Outstanding Balance
$909,345
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Aug 12, 2022
Closed on
Sep 29, 2022
Sold by
Bought by
Seller's Agent
Kate Howard
eXp Realty
Buyer's Agent
Robert Bermes
RE/MAX Concepts Bettendorf
List Price
$699,000
Sold Price
$760,000
Premium/Discount to List
$61,000
8.73%
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%
Original Mortgage
$708,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 23, 2010
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bettendorf, IA
-
Megan Burgmeier Pierce
-
Geri Doyle
Geri Doyle
Mel Foster Co. Davenport
(563) 484-2857
423 Total Sales
477 in Bettendorf
$90K - $1.5M Price Range
-
Erin McChesney
Erin McChesney
Haven. Real Estate
(309) 865-5843
144 Total Sales
7 in Bettendorf
$139K - $390K Price Range
-
Tracy Smyser
Tracy Smyser
RE/MAX Concepts Bettendorf
(563) 726-0217
60 Total Sales
2 in Bettendorf
$225,000 Price Range
-
Shueree Boley
Shueree Boley
Haven. Real Estate
(563) 296-3746
145 Total Sales
7 in Bettendorf
$139K - $390K Price Range
-
Kaitlyn Woods
Kaitlyn Woods
RE/MAX Concepts Bettendorf
(779) 243-6919
79 Total Sales
53 in Bettendorf
$91K - $730K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $920,000 | None Listed On Document | ||
| $760,000 | None Listed On Document | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $925,000 | ||
| Previous Owner | $708,000 | ||
| Previous Owner | $190,000 | ||
| Previous Owner | $199,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/16/2024 12/16/24 | Sold | $920,000 | -12.4% | $78 / Sq Ft | |
| 11/11/2024 11/11/24 | Pending | -- | -- | -- | |
| 09/18/2024 09/18/24 | For Sale | $1,050,000 | +38.2% | $89 / Sq Ft | |
| 09/29/2022 09/29/22 | Sold | $760,000 | +8.7% | $65 / Sq Ft | View Prior Sale |
| 08/19/2022 08/19/22 | Pending | -- | -- | -- | |
| 08/12/2022 08/12/22 | For Sale | $699,000 | -- | $60 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $10,396 | $817,500 | $131,400 | $686,100 |
| 2024 | $10,316 | $672,200 | $89,800 | $582,400 |
| 2023 | $11,610 | $672,200 | $89,800 | $582,400 |
| 2022 | $11,494 | $659,640 | $89,760 | $569,880 |
| 2021 | $11,494 | $659,640 | $89,760 | $569,880 |
| 2020 | $8,004 | $441,010 | $50,490 | $390,520 |
| 2019 | $8,236 | $441,010 | $50,490 | $390,520 |
| 2018 | $8,238 | $441,010 | $50,490 | $390,520 |
| 2017 | $2,453 | $441,010 | $50,490 | $390,520 |
| 2016 | $7,356 | $394,320 | $0 | $0 |
| 2015 | $7,356 | $394,320 | $0 | $0 |
| 2014 | $7,446 | $394,320 | $0 | $0 |
| 2013 | $7,286 | $0 | $0 | $0 |
| 2012 | -- | $428,620 | $50,490 | $378,130 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2024
Robert Bermes
RE/MAX Concepts Bettendorf
-
Jesse Hammes
Buyer's Agent in 2024
Jesse Hammes
Cornerstone Partners QC - Real Broker, LLC
(563) 579-0777
92 Total Sales
-
K
Seller's Agent in 2022
Kate Howard
eXp Realty
-
M
Seller Co-Listing Agent in 2022
Megan Schrup
Exchange Brokers
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: QC4256601
APN: 842119105
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.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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