NOT LISTED FOR SALE

3425 E Locust St Davenport, IA 52803

East End Neighborhood
-- Bed
-- Bath
3,343 Sq Ft
2.52 Acres

Last Sold May 15, 2019

Last sale price $1,450,000 $434 Per Sq Ft

437 Days on Market

About This Home

As of May 2019

Opportunity to own and occupy a well located and highly visible office building while enjoying rental income from two other tenants. 3,741 SF is vacant and ready to occupy on 2nd floor. The balance of building occupied by a law firm (3,343 SF) and MARCO Group (25,607 SF). Net leases with operating expenses budgeted at $5.01/SF. Well positioned property to serve entire QC. Quick access to I-74. Vacant space available for lease at $10.00/SF net. Call LA for details and showing instructions.

Last Agent to Sell the Property

Richard Schaefer

NAI Ruhl Commercial Company License #S32803000/475.140021 Listed on: 12/12/2017

NAI Ruhl Commercial Company

Last Buyer's Agent

Richard Schaefer

NAI Ruhl Commercial Company License #S32803000/475.140021 Listed on: 12/12/2017

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Year Built

  • Built in 1975

Lot Details

  • 2.52

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

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

Property Details

Property Type

Other

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Year Built: 1975
  • Handicap Modified: Unknown
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Common Hallway: Yes
  • Flooring: Carpeted
  • Total Building Sq Ft: 28950
  • Estimated Lot Sq Ft: 110,000 SF

Exterior Features

  • Exterior Finish: Brick, Glass
  • Frontage Access: Paved 4Lane, Corner Lot, City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Brick, Frame

Garage/Parking

  • Numberparking Spaces Allocated: 30

Utilities

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

Lot Info

  • Estimated Number of Acres: 2.52
  • Zoning: C-2
  • Geo Subdivision: IA
  • Property Use: Office Building

Rental Info

  • Lease Dollar Sq Ft: 10
  • Lease Type: Net
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area Maint, Janitorial, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: 3 Years, 4 Years, 5 Years

Tax Info

  • Annual Taxes: 54756
  • Parcel Id Number Tax Id: N2902B15
  • Estimated Taxes Sq Ft: 1.78
  • Tax Incentive: In City Limit
  • Tax Year: 2017

Multi Family

  • Expenses: P

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2025
Sold by
Marko Thomas G and Marko Marlys L
Bought by
Taylor Jody K
Total Days on Market
437

Purchase Details

Closed on
Feb 11, 2025
Sold by
Himmelman Douglas J and Himmelman Jodene L
Bought by
Marturano Anthony

Purchase Details

Closed on
Dec 8, 2022
Sold by
Senne Property Investments Ia Llc Series
Bought by
Shine Bright Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,880,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2022
Sold by
Siemsen Richard A
Bought by
Siemsen Cyndi J and Rails Lori J

Purchase Details

Closed on
Mar 22, 2022
Sold by
Behrens Wayne A and Behrens Mary E
Bought by
Behrens Wayne A and Behrens Mary E

Purchase Details

Closed on
Feb 9, 2022
Sold by
Kaufmann Christopher W and Kaufmann Amy L
Bought by
Hill Oxford Three Llc

Purchase Details

Closed on
Dec 6, 2021
Sold by
Fentress Arnold R
Bought by
Premier Custom Homes Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Taylor Jody K $130,000 None Listed On Document
Marturano Anthony $295,000 None Listed On Document
Shine Bright Properties Llc $1,600,000 --
Siemsen Cyndi J -- None Listed On Document
Behrens Wayne A -- None Listed On Document
Hill Oxford Three Llc $136,500 Brooks Law Firm Pc
Premier Custom Homes Llc $63,000 Fairfield Tricia S
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shine Bright Properties Llc $2,880,000
Previous Owner Absolute Balance Chiropractic $150,000
Previous Owner Senne Property Investment $1,160,000
Previous Owner Hayden Emily $115,000
Previous Owner 3425 East Locust Street Llc $11,000,000
Closed Shine Bright Properties Llc $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $1,450,000 -4.9% $434 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
12/12/2017 12/12/17 For Sale $1,525,000 0.0% $456 / Sq Ft
07/12/2017 07/12/17 Rented $177,179 0.0% --
07/05/2017 07/05/17 Under Contract -- -- --
05/27/2016 05/27/16 For Rent $177,179 -- --
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 $64,430 $2,109,560 $474,310 $1,635,250
2023 $58,258 $1,975,050 $474,310 $1,500,740
2022 $58,248 $1,715,100 $474,310 $1,240,790
2021 $58,248 $1,715,100 $474,310 $1,240,790
2020 $57,860 $1,715,100 $474,310 $1,240,790
2019 $54,686 $1,633,940 $474,310 $1,159,630
2018 $54,756 $1,633,940 $474,310 $1,159,630
2017 $14,699 $1,633,180 $474,310 $1,158,870
2016 $53,594 $1,610,200 $0 $0
2015 $53,594 $1,610,200 $0 $0
2014 $55,234 $1,610,200 $0 $0
2013 $60,404 $0 $0 $0
2012 -- $1,630,000 $389,100 $1,240,900
Source: Public Records

Agents Affiliated with this Home

  • Richard Schaefer

    Seller's Agent in 2019

    Richard Schaefer

    NAI Ruhl Commercial Company

    (563) 823-5118

    58 Total Sales

    Richard Schaefer
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAQC7040074

RMLS Alliance

APN: N2902B15

Iowa Scott County Davenport 52803 East End

3425 E Locust St, Davenport, IA

This home is located at 3425 E Locust St, Davenport, IA 52803 since 12 December 2017. This property was built in 1975. 3425 E Locust St is a home located in Scott County with nearby schools including McKinley 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.

Nearby Homes