NOT LISTED FOR SALE

5517 34th Ave Moline, IL 61265

Estimated Value: $345,205 - $554,000

4 Beds
2 Baths
4,250 Sq Ft
$97/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $300,000 $71 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,000/month

125 Days on Market

About This Home

As of October 2021

6-plex in a great neighborhood. Great investment opportunity. Must give 48 hour notice to show.

Last Agent to Sell the Property

Gary Simatovich

RE/MAX Best Commercial License #S65752000 Listed on: 05/12/2021

RE/MAX Best Commercial

Co-Listed By

David Ryan

RE/MAX Best Commercial License #B42926000/475.122478

Last Buyer's Agent

Dollie Means

RE/MAX Concepts Bettendorf License #B61229000/475.134472

RE/MAX Concepts Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,909

Year Built

  • Built in 1979

Lot Details

  • Lot Dimensions are 140 x 145

Home Design

  • 4,250 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Separate Meters
  • Private Water Source

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,748
  • Fuel Expense $1,748
  • Maintenance Expense $3,771
  • Water Sewer Expense $1,748
  • Operating Expense $10,473
  • Gross Income $45,060
  • Net Operating Income $34,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,909

Year Built

Built in 1979

Lot Details

0.4 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1979
  • Legal Description: SUPVR ASST MAP LOT 219 SHEET 29
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick

Utilities

  • Electric: Separate Meters
  • Water Source: Private
  • Heat/Ventilation: Other

Fee Information

  • Water Sewer Expenses: 1748

Lot Info

  • Lot Dimensions: 140 x 145
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 4250

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 34587
  • Fuel Expense: 1748
  • ElectricExpense: 1748
  • GrossIncome: 45060
  • Maintenance Expense: 3771
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 10473

Tax Info

  • Tax Annual Amount: 8909

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Oct 13, 2021
Sold by
Dwyer David W and Dwyer Judith L
Bought by
Cer Bawi And Mercy Renting Property Llc
Seller's Agent
Gary Simatovich
RE/MAX Best Commercial
Buyer's Agent
Dollie Means
RE/MAX Concepts Bettendorf
List Price
$340,000
Sold Price
$300,000
Premium/Discount to List
-$40,000
-11.76%
Current Estimated Value
$413,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,801
Avg. Annual Appreciation
7.58%
Original Mortgage
$240,000
Outstanding Balance
$218,858
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$194,943
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cer Bawi And Mercy Renting Property Llc $300,000 Alvine Robert H
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cer Bawi And Mercy Renting Property Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $300,000 -11.8% $71 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $340,000 -- $80 / 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 $9,876 $102,618 $18,148 $84,470
2023 $9,876 $94,492 $16,711 $77,781
2022 $9,071 $90,683 $16,037 $74,646
2021 $8,989 $86,695 $15,332 $71,363
2020 $8,953 $85,246 $15,076 $70,170
2019 $8,703 $83,904 $14,839 $69,065
2018 $8,703 $82,641 $14,615 $68,026
2017 $8,495 $81,340 $14,385 $66,955
2016 $8,255 $78,818 $13,939 $64,879
2015 $8,013 $77,031 $13,623 $63,408
2014 $1,935 $77,801 $13,759 $64,042
2013 $1,935 $77,801 $13,759 $64,042
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Gary Simatovich

    RE/MAX Best Commercial

    Section Image

  • D

    Seller Co-Listing Agent in 2021

    David Ryan

    RE/MAX Best Commercial

    (563) 271-4444

    3 in this area

    26 Total Sales

    David Ryan
    Section Image
  • Dollie Means

    Buyer's Agent in 2021

    Dollie Means

    RE/MAX Concepts Bettendorf

    (563) 639-9173

    10 in this area

    77 Total Sales

    Dollie Means
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4221500

Midwest Real Estate Data (MRED)

APN: 17-11-227-001

Illinois Rock Island County Moline 61265

5517 34th 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

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