NOT LISTED FOR SALE

101 W Reed St Red Oak, IA 51566

Estimated Value: $57,000 - $412,000

4 Beds
2 Baths
2,540 Sq Ft
$81/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $46,000 $18 Per Sq Ft

Est. 348% increase in value since last sale

Current estimated payment $1,134/month

4 Days on Market

Highlights

  • Forced Air Heating System
  • Community Deck or Porch
  • 4-minute walk to Fountain Park Farmer's Mkt

About This Home

As of May 2021

This is a solid investment property with strong return on investment. Both units are currently rented with one-year written lease contracts. There are two, 2-bedroom apartments with living room, dining room, kitchen, and washer/dryer hookups in the basement. Both apartments are setup with separate furnaces, water meters, and electric boxes. There is a shared porch on the front and off-street parking in the rear.

Last Agent to Sell the Property

Audie Rainey

Rubey Realty License #*** Listed on: 03/19/2021

Last Buyer's Agent

Audie Rainey

Rubey Realty License #*** Listed on: 03/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $488

Year Built

  • Built in 1900

Lot Details

  • 5,052 Sq Ft Lot
  • Lot Dimensions are 45x112

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Frame Construction
  • Slate

Interior Spaces

  • 2,540 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • 200+ Amp Service

Community Details

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $750
  • Trash Expense $600
  • Gross Income $11,880

Additional Features

  • 2 Units
  • Community Deck or Porch

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$488

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: ORIG PLAT LT 12 BLK 25
  • Municipality: Red Oak
  • Section Number: 28
  • Year Built: 1900
  • Stories: 2 Stories
  • Inspections: Self Inspected
  • OFFICELIST_ADDRESS: 101 W Reed Street
  • Distribute To Internet: Yes
  • InternetOptions: Cable
  • Listing Entry Date Time: 2021-03-19
  • List Office I D: 352
  • Sales Office I D: 352
  • Selling Agent: 1247
  • Share Listings With: Broker Reciprocity, CoreLogic Listing License, Homes.com, Realtor.com, RPR Listing License
  • Street Designation: Street
  • Building Style: Duplex Up and Down
  • Unit 1 Air Conditioning: Window
  • Unit 1 Amenities: Porch, Kitchen Window, Hardwood Floors
  • Unit 1 Appliances: Range, Refrigerator
  • Unit 1 Bathrooms Description: Main Floor Full Bath
  • Unit 1 Special Search: Main Floor Bedroom
  • Unit 1 Annual Rent: 5940
  • Unit 1 B1 Level: Main
  • Unit 1 B2 Level: Main
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Dining Room Level: Main
  • Unit 1 Exp: 200
  • Unit 1 Kitchen Level: Main
  • Unit 1 Living Room Level: Main
  • Unit 1 Month Rent: 495
  • Unit 1 Number of Units: 1
  • Unit 1 Rooms Total: 6
  • Unit 1 Sq Ft: 1228
  • Unit 2 Air Conditioning: Window
  • Unit 2 Amenities: Porch, Kitchen Window, Hardwood Floors
  • Unit 2 Appliances: Range, Refrigerator
  • Unit 2 Bathrooms Description: Upper Level Full Bath
  • Unit 2 Annual Rent: 5940
  • Unit 2 B1 Level: Upper
  • Unit 2 B2 Level: Upper
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Dining Room Level: Upper
  • Unit 2 Exp: 125
  • Unit 2 Kitchen Level: Upper
  • Unit 2 Living Room Level: Upper
  • Unit 2 Month Rent: 495
  • Unit 2 Number of Units: 1
  • Unit 2 Rooms Total: 6
  • Unit 2 Sq Ft: 1228
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: Two
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Basement: Full, Unfinished
  • Main Floor Sq Ft: 1270
  • Price Per S Q F T: 18.11
  • Above Grade Finished Sq Ft: 2540
  • Below Grade Finished Sq Ft: 2540
  • Below Grade Total Sq Ft: 1228
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Slate
  • Fencing: None
  • Foundation Size: 1228
  • Pool: None
  • Road Frontage: City Street, Paved Streets, Curbs, Sidewalks
  • Construction Type: Frame

Garage/Parking

  • Description: Driveway - Gravel, Gravel Lot
  • Fuel: Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected
  • Electric: 200+ Amp Service

Condo/Co-op/Association

  • Shared: Porch
  • Common Features: Blinds/Shades, Hardwood, W/D Hookups

Association/Amenities

  • Complex/Development/Subdivision: Red Oak

Fee Information

  • Expense Repair: 1000
  • Annual Expense: 4338
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Red Oak
  • School District Number: 5463
  • School District Phone: 712-623-6600

Lot Info

  • Acres: 0.12
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Description: Corner Lot
  • Lot Dimensions: 45X112
  • Lot Size Sq Ft: 5052

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Multi Family

  • Expense Insurance: 1500
  • Expense Maintenance: 750
  • Expenses: 4338
  • Expense Trash: 600
  • Number Of Refrigerators: Two
  • Tenant Expenses: Cable T.V., Electricity, Fuel, Insurance, Water
  • Total Units: 2
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Tax With Assessments: 488
  • Tax Year: 2020
  • Gross Taxes: 488

MLS Schools

  • School District: 5463 - Red Oak
  • School District Name: Red Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
Mcintyre Properties Llc
Bought by
Red Oak Hazel Rose 101 Mo Trust and Consier
Current Estimated Value
$206,244
Source: Public Records

Range of Values:

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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
Red Oak Hazel Rose 101 Mo Trust $46,000 None Listed On Document
Red Oak Hazel Rose 101 Mo Trust $46,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2021 05/25/21 Sold $46,000 +2.4% $18 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $44,900 -- $18 / Sq Ft
Source: NoCoast MLS

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 $492 $69,320 $4,410 $64,910
2024 $472 $20,990 $3,310 $17,680
2023 $480 $20,990 $3,310 $17,680
2022 $450 $17,790 $3,310 $14,480
2021 $450 $17,790 $3,310 $14,480
2020 $450 $16,880 $3,310 $13,570
2019 $544 $18,650 $3,310 $15,340
2018 $524 $20,700 $0 $0
2017 $524 $20,700 $0 $0
2015 $496 $20,700 $0 $0
2014 $640 $25,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Audie Rainey

    Seller's Agent in 2021

    Audie Rainey

    Rubey Realty

    (712) 621-1818

    39 in this area

    66 Total Sales

    Audie Rainey
    Section Image
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Map

Source: NoCoast MLS

MLS Number: NOC5727627

NoCoast MLS

APN: 600-62-81-590130-00

Iowa Montgomery County Red Oak 51566

101 W Reed St, Red Oak, IA

This home is located at 101 W Reed St, Red Oak, IA 51566 since 19 March 2021 and is currently estimated at $206,244, approximately $81 per square foot. This property was built in 1900. 101 W Reed St is a home located in Montgomery County with nearby schools including Red Oak Early Childhood Center, Red Oak Middle School, and Red Oak Junior/Senior High 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.

NoCoast MLS 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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