NOT LISTED FOR SALE

601 8th St Silvis, IL 61282

Estimated Value: $151,134 - $225,000

4 Beds
2 Baths
1,920 Sq Ft
$94/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $110,000 $57 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,264/month

34 Days on Market

About This Home

As of March 2020

WELL KEPT SILVIS DUPLEX FOR SALE. TURNKEY INVESTMENT. FULLY OCCUPIED WITH LONG TERM TENANTS. ALL SEPARATE METERS AND UTILITIES. SHARED DETACHED 2 CAR GARAGE AND 1 DRIVEWAY SPOT PER UNIT. RENT IS $665 PER UNIT WITH ROOM TO INCREASE. IN UNIT LAUNDRY HOOK UPS.

Last Agent to Sell the Property

Robert Bermes

RE/MAX Concepts Bettendorf License #471.017546/B65095000 Listed on: 01/18/2020

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Tim Hernandez

eXp Realty License #S67860000/475.190352

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,715

Year Built

  • Built in 1975

Lot Details

  • 0.93

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • Garage
  • Garage Door Opener

Schools

  • United Township High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, lawn care, snow removal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,715

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: LOT 12 AND PT OL 1 EXC E 57.5 FT OF N 82.5 FT AND EXC W 250 FT FRANDSENS PARK RIDGE ADD
  • Lvt Date: 01/18/2020
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available, Garage Door Opener(s)
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Daylight, Full
  • Price Per Sq Ft: 57.29
  • Total Sq Ft: 1920

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Paved

Garage/Parking

  • Garage Parking: Detached
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Units Hook-Ups

Schools

  • High School: United Township
  • High School: United Township

Lot Info

  • Estimated Lot Size: 40750
  • Estimated Number of Acres: 0.93
  • Lot Description: Cul-De-Sac
  • Subdivision: Frandsen Park Ridge
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities, Lawn Care, Snow Removal
  • Gross Annual Rent Income: 15960

Tax Info

  • Annual Taxes: 3714.64
  • Parcel Id Number Tax Id: 0931412011
  • Tax Year: 2018

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 31920
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2020
Closed on
May 5, 2020
Sold by
Saki & Sons Properties Llc
Bought by
Reynolds Justin
Seller's Agent
Robert Bermes
RE/MAX Concepts Bettendorf
Buyer's Agent
Tim Hernandez
eXp Realty
List Price
$110,000
Sold Price
$110,000
Current Estimated Value
$174,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,751
Avg. Annual Appreciation
8.57%
Original Mortgage
$99,000
Outstanding Balance
$92,140
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$79,056
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
Reynolds Justin $110,000 Bozeman Neighbour Patton & Noe
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Justin $99,000
Closed Reynolds Justin $5,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $110,000 0.0% $57 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
01/18/2020 01/18/20 For Sale $110,000 -- $57 / 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 $4,043 $43,125 $4,090 $39,035
2023 $4,043 $41,449 $3,931 $37,518
2022 $3,864 $40,320 $3,824 $36,496
2021 $3,785 $38,547 $3,656 $34,891
2020 $3,769 $38,052 $3,609 $34,443
2019 $3,731 $37,360 $3,543 $33,817
2018 $3,715 $37,360 $3,543 $33,817
2017 $3,677 $36,663 $3,477 $33,186
2016 $4,227 $41,912 $3,460 $38,452
2015 $4,218 $41,090 $3,392 $37,698
2014 $957 $40,059 $3,306 $36,753
2013 $957 $40,059 $3,306 $36,753
Source: Public Records

Agents Affiliated with this Home

  • Robert Bermes

    Seller's Agent in 2020

    Robert Bermes

    RE/MAX

    (630) 915-2686

    17 in this area

    176 Total Sales

    Section Image
  • Tim Hernandez

    Buyer's Agent in 2020

    Tim Hernandez

    eXp Realty

    (563) 508-7221

    6 in this area

    269 Total Sales

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAQC4208860

RMLS Alliance

APN: 09-31-412-011

Illinois Rock Island County Silvis 61282

601 8th St, Silvis, IL

This home is located at 601 8th St, Silvis, IL 61282 since 18 January 2020 and is currently estimated at $179,784, approximately $93 per square foot. This property was built in 1975. 601 8th St is a home located in Rock Island County with nearby schools including George O Barr School, Silvis Junior High School, and United Township 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.

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