NOT LISTED FOR SALE

1017 Michigan St Storm Lake, IA 50588

Estimated Value: $140,000 - $244,000

-- Bed
1 Bath
2,568 Sq Ft
$76/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $164,000 $64 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,374/month

17 Days on Market

About This Home

As of July 2019

Great Investment opportunity. This 5 unit complex has 2-2 bedroom unit at $600.00 per month and 3-1 bedroom units at $425 per month. Tenants pay utilities. Great rental income history

Last Agent to Sell the Property

Steve Brashears

Compass Real Estate of NW IA License #S58624 Listed on: 05/06/2019

Compass Real Estate of NW IA

Last Buyer's Agent

Joseph Aube

Real Estate Specialists License #B28920

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,348

Year Built

  • Built in 1940

Lot Details

  • 10,620 Sq Ft Lot

Home Design

  • 2,568 Sq Ft Home

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Internet Available

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 0131034380002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,348

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Legal Description: Per Abstract
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2568
  • Main Level Sq Ft: 2568
  • Price Per Sq Ft: 63.86

Exterior Features

  • Road Frontage: 90

Garage/Parking

  • Internet: Yes

Utilities

  • Air Conditioning Type: Window Unit
  • Flood Insurance: Not Required
  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Type: City
  • Water Type: Central Well

Lot Info

  • Acres: 0.22
  • Lot Sq Ft: 10620
  • Parcel Number: 0131034380002

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Tenant
  • Paid By Water: Tenant

Tax Info

  • Year: 2017
  • Gross Taxes: 3348

Multi Family

  • Rental Income: 29700
  • Electric Separate By Unit: Yes
  • Heat Separate By Unit: Yes
  • Number Of Units: 5
  • Water Separate By Unit: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2024
Sold by
Medina Amy and Mendoza Jose Jesus
Bought by
M & J Four Properties Llc
Current Estimated Value
$191,964
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
M & J Four Properties Llc -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2019 07/01/19 Sold $164,000 -3.5% $64 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $169,900 -- $66 / Sq Ft
Source: Northwest Iowa Regional Board 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 $3,870 $202,740 $15,280 $187,460
2023 $3,485 $202,740 $15,280 $187,460
2022 $3,006 $155,900 $15,280 $140,620
2021 $3,006 $117,880 $16,500 $101,380
2020 $3,411 $117,880 $16,500 $101,380
2019 $3,116 $117,880 $16,500 $101,380
2018 $3,348 $108,790 $16,500 $92,290
2017 $3,518 $108,790 $16,500 $92,290
2016 $3,690 $108,790 $16,500 $92,290
2015 $3,690 $108,790 $0 $0
2014 $3,772 $108,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Brashears

    Seller's Agent in 2019

    Steve Brashears

    Compass Real Estate of NW IA

    (712) 299-4684

    176 Total Sales

    Section Image
  • Joseph Aube

    Buyer's Agent in 2019

    Joseph Aube

    Real Estate Specialists

    (712) 299-1545

    215 Total Sales

    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 804882

Northwest Iowa Regional Board of REALTORS®

APN: 10-34-380-002

Iowa Buena Vista County Storm Lake 50588

1017 Michigan St, Storm Lake, IA

This home is located at 1017 Michigan St, Storm Lake, IA 50588 since 06 May 2019 and is currently estimated at $193,892, approximately $75 per square foot. This property was built in 1940. 1017 Michigan St is a home located in Buena Vista County with nearby schools including East Early Childhood Center, Storm Lake Elementary School, and Storm Lake 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.

Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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