NOT LISTED FOR SALE

Estimated Value: $199,900

4 Beds
4 Baths
5,140 Sq Ft
$39/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $180,000 $35 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,454/month

75 Days on Market

About This Home

As of June 2022

Vacant 7-unit rehab opportunity! This building has 6 one-bedroom apartments and 1 two-bedroom apartment with the first floor featuring high ceilings! The apt complex is currently vacant; each unit is in a different stage of turnover and the roof needs to be replaced. All utilities are split and currently off. Separate furnace/central air in each unit. The building was occupied as recently as February 2022, and all utilities and mechanicals were functional at last use. The 4-car garage is currently used as storage by owner. Ample parking spaces beside property! Laundry hook-ups in basement. Numbers based on Pro Forma. Principal Partners of Good Real Estate LLC are licensed agents in Iowa and Illinois. Proof of Funds required for walk through.

Last Agent to Sell the Property

Kate Grant

Realty One Group Opening Doors License #S67239000/475186484 Listed on: 03/19/2022

Realty One Group Opening Doors

Last Buyer's Agent

UNREPRESENTED Properties

Unrepresented Properties License #0000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,600

Year Built

  • Built in 1910

Lot Details

  • 5,663

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Rock Island High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,600

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Apartment Building
  • Legal Description: LOT 19 IRA WEATHERHEADS ADDITION S 10 FT L 20 & ALL
  • Lvt Date: 03/19/2022
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Block, Concrete
  • Price Per Sq Ft: 35.02
  • Total Sq Ft: 5140

Exterior Features

  • Exterior: Brick, Stucco
  • Road Access: Curbs & Gutters, Paved

Garage/Parking

  • Number Parking Spaces: 9

Utilities

  • Heating Cooling: Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 375
  • Garbage Collection Exp: 750
  • Water Sewer Expenses: 120

Schools

  • High School: Rock Island
  • High School: Rock Island

Lot Info

  • Estimated Lot Size: 54X110
  • Estimated Number of Acres: 0.13
  • Lot Description: Corner, Level
  • Subdivision: Ira Weatherhead
  • Geo Subdivision: IL

Rental Info

  • Gross Annual Rent Income: 101520
  • Management Expense: 5076

Tax Info

  • Annual Taxes: 3599.64
  • Parcel Id Number Tax Id: 07-35-309-047
  • Tax Year: 2020

Multi Family

  • Total Number Units: 7
  • Gross Annual Income: 152280
  • Total Number Central Air Units: 8
  • Total Number Electric Meters: 8
  • Total Number Gas Meters: 8
  • Total Number Heating Units: 8
  • Total Number Water Heaters: 8
  • Total Number Water Meters: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2020
Sold by
Cromer Sandra S
Bought by
First Financial Group Llc
Current Estimated Value
$199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Outstanding Balance
$31,357
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$168,543
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
First Financial Group Llc $150,000 Churchill & Churchill Pc
First Financial Group Llc $75,000 Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Good Real Estate Llc $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2022 06/02/22 Sold $180,000 -20.0% $35 / Sq Ft
03/19/2022 03/19/22 For Sale $225,000 -- $44 / 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 $4,139 $40,578 $1,749 $38,829
2023 $4,139 $38,720 $1,669 $37,051
2022 $3,683 $35,496 $1,548 $33,948
2021 $3,647 $34,066 $1,486 $32,580
2020 $3,600 $33,235 $1,450 $31,785
2019 $3,597 $33,235 $1,450 $31,785
2018 $3,460 $32,584 $1,422 $31,162
2017 $3,351 $32,102 $1,401 $30,701
2016 $3,231 $31,473 $1,374 $30,099
2015 $3,098 $29,832 $1,302 $28,530
2014 -- $24,912 $1,309 $23,603
2013 -- $24,912 $1,309 $23,603
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4231208

RMLS Alliance

APN: 07-35-309-047