NOT LISTED FOR SALE

Estimated Value: $266,152

6 Beds
3 Baths
11,244 Sq Ft
$24/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $195,000 $17 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,958/month

22 Days on Market

About This Home

As of December 2020

The original Sonneville complex in Old Town Moline! 3 store fronts, 5 one bedroom apartments, one vacant house, and 6 garages. Current owner bought this on contract in 1997, and re-fi'd in 2013 (see assessor's page) Some leases are in place, some renters are month-to-month. One garage is leased for $25 per month. It's a diamond in the rough with potential to be so cool! Fully occupied except for the house which has moisture damage from a broken gas line so there's no heat. Priced to sell at appraised value for the condition it's in. The appraisal and some notes are in the disclosure section.

Last Agent to Sell the Property

Candice Shamsie

Ruhl&Ruhl REALTORS Moline Brokerage Phone: 309-743-8000 License #471.008914/S38828000 Listed on: 09/24/2020

Ruhl&Ruhl REALTORS Moline

Last Buyer's Agent

Dan Ryan

RE/MAX Best Commercial License #B42898000/475.142840

RE/MAX Best Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,611

Year Built

  • Built in 1920

Home Design

  • 11,244 Sq Ft Home
  • Brick Exterior Construction

Additional Features

  • Lot Dimensions are 90 x 130
  • Separate Meters

Community Details

Overview

  • 9 Units

Building Details

  • Fuel Expense $3,912
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,136
  • Operating Expense $9,895
  • Gross Income $17,100
  • Net Operating Income $7,205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,611

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1920
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT 2 AND 3 BLOCK 1 SWEENEY & JACKSON 2ND ADD W 26.1 FT EX N 22 FT W 21 BLK 1
  • Information: No Sign on Property
  • Estimated Age: Older
  • Actual Status: Closed
  • Attribution Contact: OFFC: 309-743-8000
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5

Exterior Features

  • Construction Materials: Brick, Vinyl Siding, Wood Siding

Utilities

  • Electric: Separate Meters

Fee Information

  • Water Sewer Expenses: 2136

Lot Info

  • Lot Dimensions: 90 X 130
  • Zoning: comme
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: Other
  • Board Number: 30

Building Info

  • BuildingAreaTotal: 11244

Multi Family

  • Net Operating Income: 7205
  • Fuel Expense: 3912
  • GrossIncome: 17100
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 9895

Tax Info

  • Tax Annual Amount: 6611

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Dec 15, 2020
Sold by
B & B Qca Rentals Llc
Bought by
Anderson Global Investments Llc
Seller's Agent
Candice Shamsie
Ruhl&Ruhl REALTORS Moline
Buyer's Agent
Dan Ryan
RE/MAX Best Commercial
List Price
$215,000
Sold Price
$195,000
Premium/Discount to List
-$20,000
-9.3%
Current Estimated Value
$266,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,152
Avg. Annual Appreciation
6.37%
Original Mortgage
$156,000
Outstanding Balance
$128,920
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$137,232
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
Anderson Global Investments Llc $195,000 Mason & Scott Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Global Investments Llc $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2020 12/23/20 Sold $195,000 -9.3% $17 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $215,000 -- $19 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,810 $77,190 $12,137 $65,053
2023 $6,810 $73,795 $11,603 $62,192
2022 $6,715 $73,795 $11,603 $62,192
2021 $6,692 $70,482 $11,082 $59,400
2020 $6,725 $70,062 $11,016 $59,046
2019 $6,611 $68,420 $10,758 $57,662
2018 $6,458 $67,614 $10,630 $56,984
2017 $6,315 $66,223 $10,411 $55,812
2016 $6,241 $65,116 $10,237 $54,879
2015 $6,109 $63,776 $10,026 $53,750
2014 -- $64,912 $10,205 $54,707
2013 -- $64,912 $10,205 $54,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4215560

Midwest Real Estate Data (MRED)

APN: 17-05-123-018