$77,000
SOLD JUN 17, 2024

1016 Pearl St Grinnell, IA 50112

-- Bed
-- Bath
1,350 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$57 Per Sq Ft

25% Below List Price

167 Days on Market

About This Home

As of June 2024

Looking for an affordable rental property. 2 Units each with 1 bedroom 1 full bath, kitchen and living room. South unit has laundry on second floor. Alley access with parking. Ask agent for rental information. Both units are rented month to month lease right now. No interior pictures due to renter privacy. All showings need to be after 2pm.

Last Agent to Sell the Property

Robin Marcinik

Grinnell Realty LLC Listed on: 11/29/2023

Last Buyer's Agent

Robin Marcinik

Grinnell Realty LLC Listed on: 11/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Home Design

  • Duplex
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,350 Sq Ft Home
  • 1.5-Story Property

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $825
  • Maintenance Expense $760
  • Gross Income $12,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,404

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Accessible: None
  • Legal Description: WEST GRINNELL LOT 14 BLOCK 2
  • Year Built: 1900
  • Stories: 1.5 Stories
  • OFFICELIST_ADDRESS: 1016 Pearl Street
  • Distribute To Internet: Yes
  • List Office I D: 585
  • Sales Office I D: 585
  • Selling Agent: 1675
  • Street Designation: Street
  • Building Style: Duplex Side x Side
  • Unit 1 Air Conditioning: Window
  • Unit 1 Appliances: Range, Refrigerator, Washer, Dryer
  • Unit 1 Bathrooms Description: Upper Level Full Bath
  • Unit 1 B1 Level: Upper
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Kitchen Level: Main
  • Unit 1 Living Room Level: Main
  • Unit 1 Number of Units: 1
  • Unit 1 Rooms Total: 3
  • Unit 2 Air Conditioning: Window
  • Unit 2 Appliances: Range, Refrigerator
  • Unit 2 Bathrooms Description: Upper Level Full Bath
  • Unit 2 B1 Level: Upper
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Kitchen Level: Main
  • Unit 2 Living Room Level: Main
  • Unit 2 Number of Units: 1
  • Unit 2 Rooms Total: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Number of Ranges: One Per Unit
  • Basement: Slab
  • Price Per S Q F T: 57.04
  • Above Grade Finished Sq Ft: 1350
  • Fireplace: No
  • Total Finished Sq Ft: 1350

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt Shingles

Garage/Parking

  • Fuel: Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Fee Information

  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.17
  • Geo Update Timestamp: 2023-11-29
  • Total Assessed Value: 101950
  • Assessment Pending: No
  • Homestead Description: None
  • Lot Dimensions: 50X150
  • Lot Size Sq Ft: 7405.2
  • Lot Size Units: Acres

Multi Family

  • Expense Insurance: 825
  • Expense Maintenance: 760
  • Expense Water Sewer: 83.18
  • Number Of Refrigerators: One Per Unit
  • Total Units: 2

Tax Info

  • Tax Year: 2022
  • Gross Taxes: 1404
  • Net Taxes: 1404

MLS Schools

  • School District: 2709 - Grinnell-Newburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Jun 17, 2024
Sold by
K & D Properties Llp
Bought by
Holder Hobey and Holder Brooke
Seller's Agent
Robin Marcinik
Grinnell Realty LLC
Buyer's Agent
Robin Marcinik
Grinnell Realty LLC
List Price
$102,000
Sold Price
$77,000
Premium/Discount to List
-$25,000
-24.51%
Views
174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.55%
Original Mortgage
$57,750
Outstanding Balance
$57,316
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$43,927

Purchase Details

Listed on
Aug 13, 2010
Closed on
Jun 15, 2012
Sold by
Jay Giles K and Jay Tomma Lou
Bought by
K & D Properties Llp
Seller's Agent
Robin Marcinik
Grinnell Realty LLC
Buyer's Agent
Robin Marcinik
Grinnell Realty LLC
List Price
$45,000
Sold Price
$37,400
Premium/Discount to List
-$7,600
-16.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%
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 Type Sale Price Title Company
Warranty Deed $77,000 None Listed On Document
Warranty Deed $37,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $57,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $122,500 -5.0% $91 / Sq Ft
04/23/2025 04/23/25 For Sale $129,000 +67.5% $96 / Sq Ft
06/17/2024 06/17/24 Sold $77,000 -24.5% $57 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
11/29/2023 11/29/23 For Sale $102,000 +172.7% $76 / Sq Ft
06/21/2012 06/21/12 Sold $37,400 -16.9% $28 / Sq Ft
05/22/2012 05/22/12 Pending -- -- --
08/13/2010 08/13/10 For Sale $45,000 -- $33 / 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
2024 $1,678 $101,950 $15,000 $86,950
2023 $1,404 $101,950 $15,000 $86,950
2022 $1,392 $74,260 $11,930 $62,330
2021 $1,392 $70,050 $11,250 $58,800
2020 $1,124 $57,820 $11,250 $46,570
2019 $1,140 $57,820 $11,250 $46,570
2018 $1,122 $57,820 $11,250 $46,570
2017 $1,146 $57,820 $11,250 $46,570
2016 $860 $57,820 $11,250 $46,570
2015 -- $43,520 $10,770 $32,750
2014 -- $43,520 $10,770 $32,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6313351

NoCoast MLS

APN: 180-0697900