NOT LISTED FOR SALE

3525 38th Ave Moline, IL 61265

Rockview Estates Neighborhood

Estimated Value: $211,000 - $328,000

Studio
-- Bath
2,016 Sq Ft
$130/Sq Ft Est. Value

Last Sold June 10, 2024

Last sale price $272,000 $135 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,573/month

154 Days on Market

Highlights

  • Tile Flooring
  • Central Air
  • Wood Siding

About This Home

As of June 2024

Here is your chance to add substantial cashflow to your investment portfolio. Meticulously updated 6 unit multifamily investment property for sale in Moline IL. Great location just north of John Deere Rd with an ideal mix of shopping, entertainment, restaurants and easy access to the new I-74 bridge. Unit mix includes Four (4) 1bd/1ba units on the upper level and two (2) 2bd/1ba units on the main level. All units have been newly renovated, new roof 2023, newer water heaters, new decking for the second level 2022. Rents avg between $700-$825. Please contact listing agent for current rent-roll and financials.

Last Agent to Sell the Property

Jake Eikenberry

Hawkeye Commercial Real Estate License #S69739000/ 475199521 Listed on: 12/11/2023

Last Buyer's Agent

Jill Sorrell

Mel Foster Co. Clinton License #S62818000/475.163185

Mel Foster Co. Clinton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,438

Lot Details

  • 0.59 Acre Lot

Home Design

  • Frame Construction
  • Wood Siding
  • Stone Siding
  • Stucco

Interior Spaces

  • 2,016 Sq Ft Home
  • Tile Flooring

Utilities

  • Central Air
  • Heating System Uses Gas
  • Private Water Source

Community Details

  • 6 Units

Listing and Financial Details

  • The owner pays for insurance, management, taxes, trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,438

Lot Details

0.59 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Ownership Type: LLC
  • Information: 24-Hr Notice Required
  • Sale Price Includes: Building,Land
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Tile
  • OwnerPays: Insurance, Management, Taxes, Trash Collection
  • Possible Use: Multi-Family

Exterior Features

  • Construction Materials: Stone, Stucco, Wood Siding, Frame
  • Frontage Type: City Street

Utilities

  • Cooling: Central Air
  • Water Source: Private
  • Heat/Ventilation: Gas

Lot Info

  • Lot Size Acres: 0.59
  • Lot Size Sq Ft: 25500
  • Zoning: R-2
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 2016

Rental Info

  • Board Number: 30

Multi Family

  • Existing Lease Type: Other
  • NumberOfUnitsTotal: 6

Tax Info

  • Tax Annual Amount: 2438.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Jun 10, 2024
Sold by
Mhb Homes 1 Llc
Bought by
Jdtf Llc
Seller's Agent
Jake Eikenberry
Hawkeye Commercial Real Estate
Buyer's Agent
Jill Sorrell
Mel Foster Co. Clinton
List Price
$399,000
Sold Price
$272,000
Premium/Discount to List
-$127,000
-31.83%
Current Estimated Value
$261,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,455
Avg. Annual Appreciation
-2.27%

Purchase Details

Closed on
Aug 11, 2023
Sold by
Mhb Homes Llc
Bought by
Mhb Homes 1 Llc

Purchase Details

Closed on
Dec 23, 2020
Sold by
Midwest Homebuyers Llc
Bought by
Mhb Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2020
Sold by
Norris Richard A and Norris Cheryl K
Bought by
Midwest Homebuyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Jdtf Llc $272,000 Gomez Title
Mhb Homes 1 Llc -- None Listed On Document
Mhb Homes Llc -- Brooks Law Firm Pc
Midwest Homebuyers Llc $150,000 Katz Nowinski Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mhb Homes Llc $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2024 06/10/24 Sold $272,000 -31.8% $135 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
12/11/2023 12/11/23 For Sale $399,000 -- $198 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $2,698 $38,194 $6,250 $31,944
2023 $2,698 $35,169 $5,755 $29,414
2022 $2,514 $33,751 $5,523 $28,228
2021 $2,410 $32,267 $5,280 $26,987
2020 $2,381 $31,728 $5,192 $26,536
2019 $2,352 $31,228 $5,110 $26,118
2018 $2,286 $30,757 $5,033 $25,724
2017 $2,238 $30,273 $4,954 $25,319
2016 $2,186 $29,334 $4,800 $24,534
2015 $2,139 $28,669 $4,691 $23,978
2014 -- $28,956 $4,738 $24,218
2013 -- $28,956 $4,738 $24,218
Source: Public Records

Agents Affiliated with this Home

  • Jake Eikenberry

    Seller's Agent in 2024

    Jake Eikenberry

    Hawkeye Commercial Real Estate

    (563) 370-1605

    2 in this area

    56 Total Sales

    Jake Eikenberry
    Section Image
  • Jill Sorrell

    Buyer's Agent in 2024

    Jill Sorrell

    Mel Foster Co. Clinton

    (815) 535-1591

    1 in this area

    214 Total Sales

    Jill Sorrell
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4248894

Midwest Real Estate Data (MRED)

APN: 17-09-419-002

Illinois Rock Island County Moline 61265 Rockview Estates

3525 38th Ave, Moline, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.