Posts Tagged ‘Davenport NOW’

Robson Homes Now Building at Prairie Heights in Davenport

Tuesday, November 23rd, 2010

Ruhl&Ruhl REALTORS and Robson Homes are pleased to announce that construction is now under way on the first phase of a new townhome-style condominium project at Prairie Heights, Davenport’s finest new neighborhood. With a traditional neighborhood design, Prairie Heights features large green spaces, expansive pedestrian walkways, adjacent city parks and the City of Davenport’s newly opened branch library.

The new townhomes feature nearly 1,400 square feet of finished living space, complete with 3 bedrooms, 2-1/2 bathrooms, attached two-car garages and full basements ready to be finished, with an egress window and a 3/4 bath rough-in. The master bedroom suite features a vaulted ceiling with a walk-in closet and master bath. Other details include oil-rubbed bronze fixtures, frieze carpet, and rounded drywall corners.

With introductory pricing starting at $139,900, these homes are eligible for the Davenport NOW tax incentive program. The first phase will be ready for occupancy in the very near future.

Robson Homes, established by Joe Robson in 1995, specializes in the construction and development of condos, townhouses and single family homes. Robson Homes started building in Cedar Rapids, Iowa, but the popularity of their homes has allowed them to expand their operations to Iowa communities such as Cedar Falls, Waterloo, North Liberty, and now the Quad Cities. Robson Homes prides themselves on maintaining a high level of quality with affordability.

Please go to RuhlHomes.com/RobsonHomes for more details or call Natalie Glynn of Ruhl&Ruhl Realtors at 563-508-5086 or your Realtor.

A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin.  Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company.  Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois.  In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage.  For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com .

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Scott County New Home Sales Grow in 2010

Monday, November 22nd, 2010

Scott County year-to-date new house sales, as reported by the Quad City Area Realtor Association’s Multiple Listing Service, have shown a 27.6% increase in unit sales, when compared with the first ten months of sales in 2009. 

The month of October saw exactly the same number of both closed and pended new house sales as recorded during October of 2009.  Houses in the $225,000-$300,000 and $300,000-$400,000 prices ranges continued to show the strongest growth with a combined growth of over 32% more sales than the same period in 2009.  While house sales above $400,000 have not increased, recent sales have picked up to the point where the 2010 figures are nearly now the same as 2009.  While sales are up, overall new house inventory is about 10% below the levels of this time last year. 

Sales of new condos in Scott County have not kept pace with new house sales, as overall unit sales have slipped 11.4%, compared to the first ten months of last year.  Condo sales remain heavily concentrated in the under $300,000 price range.  Despite slowed sales, the number of available new condos in inventory is 37.5% lower than at the same time in 2009.

 Overall, combined sales of new homes and condos remain 13% above the figures reported a year ago. 

A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin.  Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company.  Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois.  In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage.  For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com .

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Why wait? Davenport NOW!

Friday, October 15th, 2010

Davenport NOW, a city established, tax incentive program that launched in July of 2009, provides a 50% rebate of the City’s share of property taxes for 10 years to people who build a home or renovate an existing property in Davenport, Iowa.

With the Davenport NOW program there has never been a better time to make Davenport your home.  Davenport NOW was passed by Alderman to improve economic development, as well as provide more opportunities to small business owners in the construction and remodeling fields.

As of August 2010, Davenport NOW has assisted with 160 projects, with a city investment through real estate tax rebates of more than $750,000. Properties in the program have also increased in assessed value by $27,880,539. 

In August of 2010, the Davenport City Council approved the expansion of the Davenport NOW program to include a special program for historic properties, which provides an additional tax benefit to homeowners completing historic improvements to their property.  Applicants can receive a rebate on the value of the improvements of up to 100% of the city’s share of your property taxes for 10 years.   Under both programs, eligible participants may choose a single one-time payment or multiple payments over ten years.

To qualify for the Davenport or Historic Davenport NOW programs this is some of the criteria:

  • The property must be in a local or national historic district or listed on the national registry of historic properties.
  • The property must be a single family, owner occupied home.
  • Improvements must lead to a minimum $5,000 increase in assessed value.
  • Exterior improvements must receive a certificate of appropriateness from the Davenport Historic Preservation Commission.  City staff can assist you in submitting your improvements for approval.
  • The home must be built as new construction or purchased new.

According to City ordinance, both business and residential property owners may be eligible, as long as the owner occupies the structure.  Rental property improvements may also be eligible, but not new rental properties or those converting owner-occupied structures into rental properties.

For more information or to see if you qualify, contact the City of Davenport at 563-888-3380 or CityofDavenportIowa.com.

Keep checking RuhlHomes.com for the most up to date information on the Quad Cities real estate market!

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Davenport, IA Passes Tax-Rebate Program: Davenport NOW

Friday, June 26th, 2009

DAVENPORT– Aldermen Wednesday approved a tax-rebate program for new home construction they hope will spur economic development.

The program, known as Davenport NOW, rebates 50 percent of the city’s portion of taxes on new assessed value for construction of more than $5,000, which includes additions to existing structures, for 10 years.

According to the ordinance, both businss and residential property owners are eligible, as long as the owner occupies the structure. Rental property improvements also will be eligible, but not new rental properties or those converting owner-occupied structures into rental properties.

Proponents said the program was a good incentive for new construction. That means more business for a myriad of small business, said Mayor Bill Gluba.

“It’s pretty simple,” he said. “We’re going to lower the taxes of people who improve our city.”

Ald. Nathan Brown, 1st Ward, who cast the only vote in opposition, echoed complaints that the program will help people fix up homes but does nothing for those who always have kept their properties in good shape.

“This is saying, “Welcome to Davenport. We”ll lower your taxes if you”re new,” he said.

The city gets about 40 percent of property taxes, with school districts receiving about 50 percent and the last 10 percent going to various places. The city’s tax rate is 15.58 percent, which would be cut in half for those qualifying under the Davenport NOW program.

Davenport NOW cannot be used with any other city economic development programs.

“This might be one way people can fix up their homes or historical buildings,” said Ald. Jeff Justin, 6th Ward. “The council as a whole wants lower taxes for everyone. I know I do.”

Article taken from Quad City Times.  Click here to view the full article.

Visit RuhlHomes.com today or call us toll free at (866) 441-1776.

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