$240,000
SOLD MAR 29, 2017

1017 N Summit St Iowa City, IA 52245

Goosetown Neighborhood
5 Beds
4 Baths
1,648 Sq Ft
0.69 Acres

Recently Sold

$146 Per Sq Ft

4% Below List Price

25 Days on Market

Highlights

  • Living Room
  • Community Playground
  • Property is near schools
  • City High School Rated A-
  • Park
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

RARE IOWA CITY INVESTMENT OPPORTUNITY Location! Location! Location! This duplex offers a tranquil setting accessible to I-80, the bus line, downtown & more. Tenants enjoy a private deck & walk out patio overlooking a large private yard with organic garden beds. New Roof '15, New Vinyl Siding '15, added ridge vent, newer water heaters in both units, bathrooms updated '17, installed new garbage disposals & appliance updates '15. Potential to add 3rd unit! Call LA to schedule showing ASAP!

Last Agent to Sell the Property

Evie Boyens

Keller Williams Legacy Group IC Branch Listed on: 02/27/2017

Last Buyer's Agent

Mark Paterno

Urban Acres Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,714

Year Built

  • Built in 1975

Home Design

  • Poured Concrete

Interior Spaces

  • 1,648 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Hoover Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1003484001

Community Details

Overview

  • 2 Units
  • D A Dewey's Addition Subdivision

Recreation

  • Community Playground
  • Park

Building Details

  • Maintenance Expense $2,500
  • Water Sewer Expense $100
  • Gross Income $11,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,714

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: RARE IOWA CITY INVESTMENT OPPORTUNITY Location! Location! Location! This duplex offers a tranquil setting accessible to I-80, the bus line, downtown & more. Tenants enjoy a private deck & walk out patio overlooking a large private yard with organic garden beds. New Roof '15, New Vinyl Siding '15, added ridge vent, newer water heaters in both units, bathrooms updated '17, installed new garbage disposals & appliance updates '15. Potential to add 3rd unit! Call LA to schedule showing ASAP!
  • Year Built: 1975
  • Tax Year Report: 2015
  • Subdivision: D A DEWEY'S ADDITION
  • Rental Permit: Yes
  • Water Annually: 100
  • Directions: N Dodge to N Summit
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Park, Playground, Sidewalks, Street Lights, Close to School, Close to Shopping, On Bus Line
  • Basement Remarks: Poured Concrete, Full, Walkout
  • Possession R: Immediate, Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Sq Ft Above: 1648
  • Lower Level Sq Ft: 1648

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Electric, Gas, Central, Forced Air

Schools

  • Elementary School: Hoover
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Hoover

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: Irregular
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 4366.48
  • Assessor Parcel Number: 1003484001

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jul 3, 2021
Sold by
Noelis Properties Llc Series 4
Bought by
Tsang Pak Wah and Tsoi Man H
Seller's Agent
Mark Paterno
Urban Acres Real Estate
Buyer's Agent
Tom Kaut
Urban Acres Real Estate
List Price
$435,000
Sold Price
$404,500
Premium/Discount to List
-$30,500
-7.01%
Current Estimated Value
$426,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,145
Avg. Annual Appreciation
1.02%
Original Mortgage
$301,500
Outstanding Balance
$276,512
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$145,056

Purchase Details

Closed on
Feb 15, 2018
Sold by
Mize Brandon L
Bought by
Noelis Properties Llc

Purchase Details

Closed on
Oct 5, 2011
Sold by
Zeithamel Leo R
Bought by
Quinn Patrick B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,423
Interest Rate
4.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $404,500 None Available
Special Warranty Deed -- None Available
Warranty Deed $220,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $301,500 New Conventional
Previous Owner $214,423 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $404,500 -7.0% $245 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $435,000 +81.3% $264 / Sq Ft
03/29/2017 03/29/17 Sold $240,000 -4.0% $146 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $249,900 -- $152 / Sq Ft
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
2024 $6,714 $356,860 $63,590 $293,270
2023 $6,334 $356,860 $63,590 $293,270
2022 $5,514 $292,230 $60,050 $232,180
2021 $5,492 $266,250 $60,050 $206,200
2020 $5,492 $254,000 $56,520 $197,480
2019 $4,886 $239,200 $56,520 $182,680
2018 $4,886 $222,340 $52,990 $169,350
2017 $4,834 $222,340 $52,990 $169,350
2016 $4,366 $202,580 $52,990 $149,590
2015 $4,366 $202,580 $52,990 $149,590
2014 $4,270 $197,380 $52,990 $144,390
Source: Public Records

Agents Affiliated with this Home

  • Mark Paterno

    Seller's Agent in 2021

    Mark Paterno

    Urban Acres Real Estate

    (319) 936-7447

    3 in this area

    147 Total Sales

    Section Image
  • Ross Nusser

    Seller Co-Listing Agent in 2021

    Ross Nusser

    Urban Acres Real Estate Corridor

    (319) 331-5206

    4 in this area

    179 Total Sales

    Section Image
  • Tom Kaut

    Buyer's Agent in 2021

    Tom Kaut

    Urban Acres Real Estate

    (319) 631-5288

    5 in this area

    283 Total Sales

    Section Image

  • E

    Seller's Agent in 2017

    Evie Boyens

    Keller Williams Legacy Group IC Branch

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20171381

Iowa City Area Association of REALTORS®

APN: 1003484001

Iowa Johnson County Iowa City 52245 Goosetown

1017 N Summit St, Iowa City, IA

This home is located at 1017 N Summit St, Iowa City, IA 52245 and is currently priced at $240,000, approximately $145 per square foot. This property was built in 1975. 1017 N Summit St is a home located in Johnson County with nearby schools including Horace Mann Elementary School, Southeast Junior High School, and City 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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it 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 accurate by the MLS.

Nearby Homes