NOT LISTED FOR SALE

507 8th Ave Silvis, IL 61282

Estimated Value: $76,000 - $94,000

2 Beds
1 Bath
852 Sq Ft
$99/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $57,000 $67 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $585/month

5 Days on Market

Highlights

  • Ranch Style House
  • Garage
  • Replacement Windows
  • Stepless Entry

About This Home

As of May 2021

Affordable living in a convenient location! This home is a great opportunity for someone who wants to stop paying rent, or for someone downsizing. First time home buyer? You've found "the one". Located right on the East Moline / Silvis border. Schedule your showing today!

Last Agent to Sell the Property

Cory Horsman

RE/MAX Concepts Bettendorf License #S66237000/475.186165 Listed on: 03/31/2021

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Leila Vold

NextHome QC Realty License #S67094000/475.184781

NextHome QC Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 7,405

Home Design

  • Ranch Style House

Interior Spaces

  • 1 Full Bathroom
  • Replacement Windows
  • Oven or Range

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Accessible Home Design

  • Stepless Entry
  • Ramp on the main level

Utilities

  • Cable TV Available

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Legal Description: Supvr Asst Map Lot 439-29 Sheet 67
  • Lvt Date: 03/31/2021
  • Year Built: 1950
  • Senior Community: No
  • Ada Features: Level, Ramped Main Level, Zero Step Entry
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Refrigerator, Range/Oven, Washer
  • Interior Amenities: Cable Tv Available, Garage Door Opener(s)
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 12x9.02, On Level: Main, Flooring: Carpet
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: Full
  • Bedroom 2: Dimensions: 15x7.05, On Level: Main, Flooring: Carpet
  • Bedroom 2 Egress Window: Yes
  • Informal Dining Room: Dimensions: 7.04x5.07, On Level: Main, Flooring: Laminate
  • Kitchen: Dimensions: 15.01x6.06, On Level: Main, Flooring: Laminate
  • Kitchen Dining: Dining Informal
  • Laundry: Dimensions: 8.1x7.05, On Level: Main, Flooring: Carpet
  • Living Room: Dimensions: 17.01x15.01, On Level: Main, Flooring: Carpet
  • Price Per Sq Ft: 66.9
  • Finished Sq Ft: 852
  • Total Sq Ft: 852
  • Finished Main Level Sq Ft: 852

Exterior Features

  • Exterior: Aluminum Siding
  • Exterior Amenities: Replacement Windows
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Garage Yn: Yes
  • Number Cars: 1
  • Number Of Garage Remotes: 1

Utilities

  • Heating Cooling: Gas, Water Heater - Gas, Central Air
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Estimated Lot Size: 56 x 137
  • Estimated Number of Acres: 0.176
  • Lot Description: Level
  • Additional Assessor Parcel Numbers: 09-31-413-027
  • Geo Subdivision: IL

Tax Info

  • Parcel Id Number Tax Id: 06-714-27
  • Tax Exemptions: Senior Freeze
  • Tax Year: 2020

MLS Schools

  • High School School District: United Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
May 5, 2021
Sold by
Alexander Alvarez
Bought by
Davis Precious R
Seller's Agent
Cory Horsman
RE/MAX Concepts Bettendorf
Buyer's Agent
Leila Vold
NextHome QC Realty
List Price
$54,900
Sold Price
$57,000
Premium/Discount to List
$2,100
3.83%
Current Estimated Value
$84,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,393
Avg. Annual Appreciation
8.77%
Original Mortgage
$51,300
Outstanding Balance
$44,838
Interest Rate
1.32%
Mortgage Type
New Conventional
Estimated Equity
$39,555

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 12, 2020
Sold by
Sue Stevenson Marion
Bought by
Alvarez Alexander
Seller's Agent
UNREPRESENTED Properties
Unrepresented Properties
Buyer's Agent
Cory Horsman
RE/MAX Concepts Bettendorf
List Price
$43,000
Sold Price
$43,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.12%
Original Mortgage
$41,710
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Davis Precious R $57,000 Gomez Title
Alvarez Alexander $43,000 Gomez Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Precious R $51,300
Previous Owner Alvarez Alexander $41,710
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2021 05/07/21 Sold $57,000 +3.8% $67 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $54,900 +27.7% $64 / Sq Ft
08/13/2020 08/13/20 Sold $43,000 0.0% $50 / Sq Ft View Prior Sale
07/10/2020 07/10/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $43,000 -- $50 / 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 $1,713 $24,270 $4,853 $19,417
2023 $1,713 $22,746 $4,548 $18,198
2022 $1,746 $24,220 $4,842 $19,378
2021 $2,274 $23,155 $4,629 $18,526
2020 $0 $0 $0 $0
2019 $4,823 $22,443 $4,487 $17,956
2018 $0 $22,443 $4,487 $17,956
2017 $0 $22,024 $4,403 $17,621
2016 $0 $21,914 $4,381 $17,533
2015 $0 $20,202 $4,039 $16,163
2014 -- $19,696 $3,938 $15,758
2013 -- $19,696 $3,938 $15,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4220096

RMLS Alliance

APN: 09-31-413-027