NOT LISTED FOR SALE

100 W 7th St Monticello, IA 52310

Estimated Value: $92,000 - $131,000

2 Beds
2 Baths
1,492 Sq Ft
$75/Sq Ft Est. Value

Last Sold March 23, 2022

Last sale price $85,000 $57 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $715/month

83 Days on Market

Highlights

  • Forced Air Cooling System
  • 7 Car Garage
  • 3-minute walk to The Great Jones County Fair

About This Home

As of March 2022

So much potential in this investment property! Downstairs opens up to a large lobby area with a kitchen and office space. The upstairs has great rental income with a 2 bedroom/1bath apartment. In the back there are two single car garages that could bring in separate income also. Full size basement with a washer and dryer and lots of room for storage. Property is on a busy corner lot and has access to the main road in Monticello with lots of traffic for a business. Large area for parking. With a little love this property could have great potential. Make sure to schedule your appointment for a tour today!
Potential 8.45% Cap. Previous rental income of $1450/month ($700 upstairs and $750 in the downstairs unit). Property also brings in $200/month in garage rent.

Last Agent to Sell the Property

Deena Pata

Skogman Realty Listed on: 12/09/2021

Skogman Realty

Last Buyer's Agent

Jami Gordon

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,499

Year Built

  • 1945

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 66 x 93

Parking

  • 7 Car Garage

Home Design

  • 1,492 Sq Ft Home
  • Frame Construction
  • Aluminum Siding
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $16,000
  • Net Operating Income $11,500

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,499

Year Built

1945

Lot Details

0

Listing Details

  • Acres: 0.1400
  • City Name: Monticello
  • Expense Info: Owner Provided
  • Gross Tax: 1499
  • List User Cell Phone: 319-651-0132
  • Miscellaneous: Basement, Common Laundry-Owned, Garage, Parking Spaces, Sep. Meter – Electric, Ten Storag
  • Net Tax: 1475
  • Noof Units Efficiency: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.77982
  • Ratio Close Price By Original Li: 0.71429
  • Ratio Current Price By Sq Ft: 56.97
  • Total Sq Ft: 1492
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: res/comm
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum, Vinyl

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Schools

  • Elementary School: Monticello
  • Middle School: Monticello
  • High School: Monticello

Lot Info

  • Lot Size: 66 x 93

Rental Info

  • Owner Pays: Water, Gas
  • Total Expenses: 4500

Multi Family

  • Gross Income: 16000
  • Net Operating Income: 11500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2014
Sold by
Zirkelbach Kevin D
Bought by
Zirkelbach Raymond
Current Estimated Value
$111,556
Source: Public Records

Range of Values:

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Average Value
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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
Zirkelbach Raymond $55,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2022 03/23/22 Sold $85,000 -22.0% $57 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/01/2022 02/01/22 Price Changed $109,000 -5.2% $73 / Sq Ft
01/19/2022 01/19/22 Price Changed $115,000 -3.4% $77 / Sq Ft
12/09/2021 12/09/21 For Sale $119,000 -- $80 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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 $1,488 $79,580 $9,210 $70,370
2023 $1,420 $79,580 $9,210 $70,370
2022 $986 $49,090 $9,210 $39,880
2021 $986 $49,090 $9,210 $39,880
2020 $1,042 $49,090 $9,210 $39,880
2019 $1,262 $57,080 $0 $0
2018 $1,196 $57,080 $0 $0
2017 $1,288 $57,750 $0 $0
2016 $1,318 $57,750 $0 $0
2015 $1,318 $57,750 $0 $0
2014 $1,170 $68,290 $0 $0
2013 $1,480 $68,290 $12,010 $56,280
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Deena Pata

    Skogman Realty

    (319) 651-0132

    1 in this area

    55 Total Sales

    Deena Pata
    Section Image
  • Jami Gordon

    Buyer's Agent in 2022

    Jami Gordon

    Pinnacle Realty LLC

    (319) 343-7653

    1 in this area

    85 Total Sales

    Jami Gordon
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2108281

Cedar Rapids Area Association of REALTORS®

APN: 02-21-277-014

Iowa Jones County Monticello 52310

100 W 7th St, Monticello, IA

This home is located at 100 W 7th St, Monticello, IA 52310 since 09 December 2021 and is currently estimated at $111,556, approximately $74 per square foot. This property was built in 1945. 100 W 7th St is a home located in Jones County with nearby schools including Shannon Elementary School, Carpenter Elementary School, and Monticello Middle 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.

Cedar Rapids Area Association of REALTORS® 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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