NOT LISTED FOR SALE

1001 S Downey St West Branch, IA 52358

Estimated Value: $970,200

27.48 Acres
$35,306 Price per Acre
1,197,029 Sq Ft Lot

Last Sold December 01, 2021

Last sale price $645,000

Est. 50% increase in value since last sale

Current estimated payment $5,110/month

79 Days on Market

About This Lot

As of December 2021

May lease land until closing. Subject to seasonal annual Ag lease. One Reserve Prospect.

Last Agent to Sell the Property

Jeff Edberg

Lepic-Kroeger, REALTORS Listed on: 06/28/2021

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Kimberly Bockenstedt

RE/MAX Affiliates

RE/MAX Affiliates

Property Details

Property Type

  • Land

Lot Details

  • 27.48 Acre Lot
  • Lot Dimensions are 1029x1167x1026x1551
  • Property fronts a county road
  • Gentle Sloping Lot
  • Property is zoned HCI

Schools

  • West Branch Elementary And Middle School
  • West Branch High School

Utilities

  • Internet Available
  • Phone Available

Community Details

  • Proctor & Gamble 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0500-13-17-100-001-0

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: LOTS/LAND
  • Type: Commercial
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Remarks: 27.48 acres of HCI (Highway Commercial Industrial) land near Acciona Wind Energy & Proctor & Gamble facilities. This parcel is served by City water and sewer, natural gas, electric and high speed telecom. Zoning allows industrial and warehouse uses and has close proximity to I-80 via West Branch interchange. Parcel is for sale OR land lease for $2160 per acre per year NNN. West Branch and Cedar County have expressed a willingness to aid with development.
  • T Val: 645000
  • Potential Use: Commercial/Industrial
  • Section: 8
  • Subdivision: Proctor & Gamble 2nd Add
  • Directions: I-80 to West Branch exit, south on Baker Ave. Parcel is located at the southeast corner of Baker Ave & 300th St.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: County/City Road

Utilities

  • Internet: Yes
  • Utilities Available: Electricity, Natural Gas, Sewer, Telephone, Water-City

Schools

  • High School: West Branch
  • Jr Middle School: West Branch
  • Elementary School: West Branch

Lot Info

  • Acreage: 27.48
  • Geo Subdivision: IA
  • Lot Dimensions: 1029x1167x1026x1551
  • Zoning: HCI
  • Estimated Lot Sq Ft: 20-50 Acres
  • Present Use: Undeveloped Land, Working Farm
  • Topology: Gentle Rolling

Tax Info

  • Assessor Parcel Number: 0500-13-17-100-001-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Nov 22, 2021
Sold by
Rummells Farms Inc
Bought by
Bedrock Llc
Seller's Agent
Jeff Edberg
Lepic-Kroeger, REALTORS
Buyer's Agent
Kimberly Bockenstedt
RE/MAX Affiliates
List Price
$741,960
Sold Price
$645,000
Premium/Discount to List
-$96,960
-13.07%
Current Estimated Value
$970,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,200
Original Mortgage
$655,000
Outstanding Balance
$580,651
Interest Rate
3.09%
Mortgage Type
New Conventional
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
Bedrock Llc $645,000 Schmit Gary J
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bedrock Llc $655,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2021 12/01/21 Sold $645,000 -13.1% --
06/28/2021 06/28/21 For Sale $741,960 -- --
Source: Iowa City 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
2025 $66 $3,900 $3,900 $0
2024 $66 $70,730 $70,730 $0
2023 $1,188 $70,730 $70,730 $0
2022 $1,368 $70,730 $70,730 $0
2021 $1,432 $70,730 $70,730 $0
2020 $1,386 $70,730 $70,730 $0
2019 $1,290 $70,730 $0 $0
2018 $1,262 $70,730 $0 $0
2017 $1,262 $66,490 $0 $0
2016 $1,260 $66,490 $0 $0
2015 $2,336 $122,670 $0 $0
2014 $2,336 $122,670 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Edberg

    Seller's Agent in 2021

    Jeff Edberg

    Lepic-Kroeger, REALTORS

    (319) 331-6187

    1 in this area

    178 Total Sales

    Jeff Edberg
    Section Image
  • Kimberly Bockenstedt

    Buyer's Agent in 2021

    Kimberly Bockenstedt

    RE/MAX Affiliates

    (319) 631-3042

    4 in this area

    184 Total Sales

    Kimberly Bockenstedt
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202103788

Iowa City Area Association of REALTORS®

APN: 0500-13-17-100-001-0

Iowa Cedar County West Branch 52358

1001 S Downey St, West Branch, IA

Not Listed for Sale

Lots

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Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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