NOT LISTED FOR SALE

Davenport, IA 52803

Central Davenport Neighborhood

Estimated Value: $104,000 - $144,000

3 Beds
4 Baths
2,942 Sq Ft
$43/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $78,000 $27 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $820/month

6 Days on Market

About This Home

As of March 2020

Cash flow generator here. $1,925 in monthly gross rents priced to sell at $18,750 per unit. Fully occupied Davenport 4-plex in good rental area located close to bus, shopping, schools and parks. All units have individual electric meters as well as separate heat and central air. Interior of entire building was redone in 2019. Property being offered as-is. Management requests minimum 48 hours notice for showings. Please do not disturb tenants without management present. Contact listing agent to schedule showings. Buyer and buyer's agent to verify all measurements.

Last Agent to Sell the Property

Ethan Simons

NAI Ruhl Commercial Company License #S65924000/475.178290 Listed on: 01/09/2020

NAI Ruhl Commercial Company

Last Buyer's Agent

Ethan Simons

NAI Ruhl Commercial Company License #S65924000/475.178290 Listed on: 01/09/2020

NAI Ruhl Commercial Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,447

Home Design

  • Quadruplex

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Davenport High School

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Four-Plex
  • Legal Description: Smith & Kelly's Add s 100
  • Lvt Date: 01/09/2020
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Price Per Sq Ft: 26.51
  • Total Sq Ft: 2942

Exterior Features

  • Exterior: Vinyl Siding

Garage/Parking

  • Garage Parking: On-Street Parking

Utilities

  • Heating Cooling: Forced Air, Central Air
  • Water Sewer: Public Sewer, Public Water

Schools

  • High School: Davenport

Lot Info

  • Estimated Lot Size: 6435
  • Lot Description: Level
  • Subdivision: Smith & Kelly
  • Geo Subdivision: IA

Rental Info

  • Gross Annual Rent Income: 23100

Tax Info

  • Annual Taxes: 2302
  • Parcel Id Number Tax Id: F0017-35
  • Tax Year: 2018

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 23100
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Mar 11, 2020
Sold by
Grace Brothers Properties Llc
Bought by
Long Brady
Seller's Agent
Ethan Simons
NAI Ruhl Commercial Company
Buyer's Agent
Ethan Simons
NAI Ruhl Commercial Company
List Price
$74,900
Sold Price
$78,000
Premium/Discount to List
$3,100
4.14%
Current Estimated Value
$127,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,461
Avg. Annual Appreciation
8.85%
Original Mortgage
$78,000
Outstanding Balance
$68,798
Interest Rate
3.4%
Mortgage Type
VA
Estimated Equity
$58,663

Purchase Details

Closed on
Oct 23, 2009
Sold by
Northwest Bank & Trust
Bought by
Grace Brothers Properties Llc

Purchase Details

Closed on
Jan 13, 2009
Sold by
Young Jason and Young Sara A
Bought by
Northwest Bank & Trust Company
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
Long Brady $78,000 None Available
Grace Brothers Properties Llc $55,000 None Available
Northwest Bank & Trust Company -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Long Brady $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2020 03/24/20 Sold $78,000 +4.1% $27 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $74,900 -- $25 / 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
2025 $1,838 $102,830 $12,870 $89,960
2024 $1,794 $102,830 $12,870 $89,960
2023 $2,012 $102,830 $12,870 $89,960
2022 $2,205 $90,900 $12,870 $78,030
2021 $2,012 $87,180 $12,870 $74,310
2020 $2,932 $84,580 $12,870 $71,710
2019 $2,669 $77,830 $12,870 $64,960
2018 $2,775 $77,830 $12,870 $64,960
2017 $3,417 $77,830 $12,870 $64,960
2016 $3,050 $86,200 $0 $0
2015 $2,928 $86,200 $0 $0
2014 $3,092 $86,200 $0 $0
2013 $3,286 $0 $0 $0
2012 -- $86,200 $12,900 $73,300
Source: Public Records

Agents Affiliated with this Home

  • Ethan Simons

    Seller's Agent in 2020

    Ethan Simons

    NAI Ruhl Commercial Company

    (309) 281-9183

    1 in this area

    40 Total Sales

    Ethan Simons
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Source: RMLS Alliance

MLS Number: RMAQC4208618

RMLS Alliance

APN: F0017-35

Iowa Scott County Davenport 52803

Central Davenport

Not Listed for Sale

MultiFamily

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