NOT LISTED FOR SALE

Estimated Value: $699,566

-- Bed
-- Bath
-- Sq Ft
0.82 Acres

Last Sold July 07, 2021

Last sale price $600,000

Est. 17% increase in value since last sale

Current estimated payment $4,930/month

85 Days on Market

About This Home

As of July 2021

This 18-unit apartment building is an excellent investment. Very well maintained. New roof & attic insulation 2018. Newer furnaces with 5 new units ready to install when needed. It also has a 2 bedroom manager apartment which could rent for $850 or higher. This property has too many extras and info to list.

Last Agent to Sell the Property

Tony Savala

RE/MAX Concepts Bettendorf License #475.141970/S36309000 Listed on: 02/16/2021

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Tony Savala

RE/MAX Concepts Bettendorf License #475.141970/S36309000 Listed on: 02/16/2021

RE/MAX Concepts Bettendorf

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,387

Year Built

  • Built in 1977

Lot Details

  • 0.82

Utilities

  • Forced Air Zoned Cooling and Heating System

Listing and Financial Details

  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$11,387

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment, Multi-Family
  • Exemptions: Owner Occ
  • Lvt Date: 02/19/2021
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Tile/Vinyl
  • Total Building Sq Ft: 8000
  • Estimated Lot Sq Ft: 35760

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Frontage Road
  • Insulation: Roof
  • Roof Construction: Asphalt/Fiberglass, Comp Shingle
  • Wall Construction: Brick

Garage/Parking

  • Garages: Yes

Utilities

  • Cooling: Central Air, Individual Control, Individual Units
  • Heating: Electric, Forced Air, Individual Units
  • Water Supply: Municipal/City

Association/Amenities

  • Amenities: Cable

Lot Info

  • Estimated Number of Acres: 0.82
  • Zoning: commercial
  • Estimated Land Size: 120x298
  • Geo Subdivision: IL

Rental Info

  • Common Laundry: Yes
  • Owner Pays: All
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 11386.84
  • Parcel Id Number Tax Id: 16-14-305-001
  • Tax Incentive: Other Tax Incentive
  • Tax Year: 2019

Multi Family

  • Total Number Units: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
Jun 22, 2021
Sold by
Wiborg James S
Bought by
Lingafelter Properties Llc
Seller's Agent
Tony Savala
RE/MAX Concepts Bettendorf
Buyer's Agent
Tony Savala
RE/MAX Concepts Bettendorf
List Price
$675,000
Sold Price
$600,000
Premium/Discount to List
-$75,000
-11.11%
Current Estimated Value
$699,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,566
Avg. Annual Appreciation
3.78%
Original Mortgage
$450,000
Outstanding Balance
$87,452
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$612,114

Purchase Details

Closed on
Jul 1, 1981
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
Lingafelter Properties Llc $600,000 Mason And Scott Pc
-- $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lingafelter Properties Llc $182,000
Open Lingafelter Properties Llc $450,000
Previous Owner Wiborg James S $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Sold $600,000 -11.1% --
05/12/2021 05/12/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $675,000 0.0% --
02/25/2021 02/25/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $675,000 -- --
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 $13,414 $133,294 $25,547 $107,747
2023 $13,414 $121,952 $23,373 $98,579
2022 $12,667 $123,839 $23,735 $100,104
2021 $11,780 $117,606 $22,540 $95,066
2020 $11,517 $114,403 $21,926 $92,477
2019 $11,387 $113,270 $21,709 $91,561
2018 $10,856 $110,292 $21,138 $89,154
2017 $10,549 $106,626 $20,436 $86,190
2016 $10,225 $106,626 $20,436 $86,190
2015 $10,209 $106,626 $20,436 $86,190
2014 $2,470 $107,431 $20,590 $86,841
2013 $2,470 $107,431 $20,590 $86,841
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4219019

RMLS Alliance

APN: 16-14-305-001