NOT LISTED FOR SALE

1040 Washington Ave Bennett, IA 52721

Estimated Value: $419,000 - $720,056

3 Beds
3 Baths
2,538 Sq Ft
$230/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $650,000 $256 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,335/month

125 Days on Market

Highlights

  • 40 Acre Lot
  • 1 Fireplace
  • Living Room
  • Ranch Style House
  • 3 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of October 2024

Less than one hour from Cedar Rapids and the Quad Cities, this 3 bed/3 bath log cabin sits among gently rolling hills in eastern Cedar County. This home is 2,538 finished square feet with oak cabinets and an open floor plan. The stone fireplace connects the kitchen and living room and takes your eyes up the vaulted ceilings to the exposed beams. The main floor has 2bd/2bth and a laundry room. Above the main floor is a loft with 1bd/1bth. The walk-out basement is finished with a living room, full bathroom, and extra recreational space. If you work from home, you’ll have access to 5G fiber internet that extends to the 40X70 metal shop. The outbuilding has heat and electricity. An equally desirable part of this property is the 40 acres that it sits on. Rows of evergreens and oak trees outline the perimeter which creates perfect seclusion and bedding for wildlife. Mowed trails throughout the property are great for hiking or riding horses and ATV’s. Two naturally occurring ponds don’t sustain water but fill up during wet seasons and attract all kinds of waterfowl. Abundant deer and pheasant population, this property is a wildlife sanctuary. There are 29 total acres enrolled in CRP programs. One expires in 2026 paying $2,223 annually and the second expires in 2032 paying $4,536 annually. To experience everything this property has to offer you must see it in person. Reach out to the listing agent to schedule your private showing - 319-432-3420

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,378

Year Built

  • Built in 1988

Lot Details

  • 40 Acre Lot

Home Design

  • Ranch Style House
  • Log Siding

Interior Spaces

  • 2,538 Sq Ft Home
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Finished Basement

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

Parking

  • 3 Car Detached Garage
  • Heated Garage

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Well
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,378

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Acreage
  • Accessible: None
  • Legal Description: 1040 Washington Ave, Bennett IA 52721
  • Year Built: 1988
  • OFFICELIST_ADDRESS: 1040 Washington Avenue
  • Distribute To Internet: Yes
  • List Office I D: 1035
  • Sales Office I D: 1035
  • Selling Agent: 5551
  • Street Designation: Avenue
  • Building Style: Ranch
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Bedrooms: 3
  • Bedroom 1: (1st) Bedroom
  • Bedroom 2: (2nd) Bedroom
  • Bedroom 3: (3rd) Bedroom
  • Bedroom 4: (4th) Bedroom
  • Total Bathrooms: 3
  • Basement: Walkout, Full, Finished (Livable)
  • Dining Room: Dining Room
  • Family Room: Family Room
  • Kitchen: Kitchen
  • Living Room: Living Room
  • Price Per S Q F T: 256.11
  • Above Grade Finished Sq Ft: 2538
  • Fireplace: Yes
  • Total Finished Sq Ft: 2538

Exterior Features

  • Exterior: Log Siding

Garage/Parking

  • Description: Detached Garage, Heated Garage
  • Fuel: Propane, Wood

Utilities

  • Air Conditioner: Central
  • Garage Stalls: 3
  • Heating: Forced Air, Fireplace
  • Sewer: Septic System
  • Water: Well

Fee Information

  • Tax Class: SINGLE FAMILY

Lot Info

  • New Develop: No
  • Acres: 40
  • Geo Update Timestamp: 2024-05-09
  • Assessment Pending: Unknown
  • Homestead Description: None
  • Lot Dimensions: 40 Acres
  • Lot Size Sq Ft: 1742400
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2023
  • Gross Taxes: 3378
  • Net Taxes: 3352

MLS Schools

  • School District: 3691 - North Cedar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Nov 26, 2024
Sold by
Heredia Jason M and Chang Wai Seng
Bought by
Forty Oaks Llc
List Price
$775,000
Sold Price
$650,000
Premium/Discount to List
-$125,000
-16.13%
Views
145
Current Estimated Value
$582,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,486
Avg. Annual Appreciation
-8.40%
Original Mortgage
$487,500
Outstanding Balance
$481,094
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$101,420

Purchase Details

Listed on
May 10, 2024
Closed on
Oct 25, 2024
Sold by
Camp Climb Llc
Bought by
Heredia Jason M and Chang Wai Seng
List Price
$775,000
Sold Price
$650,000
Premium/Discount to List
-$125,000
-16.13%
Views
145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$481,094
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$101,420

Purchase Details

Closed on
Mar 15, 2021
Sold by
Shaul Mark E and Shaul Carla J
Bought by
Camp Climb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Forty Oaks Llc -- None Listed On Document
Heredia Jason M $650,000 None Listed On Document
Heredia Jason M $650,000 None Listed On Document
Camp Climb Llc $550,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heredia Jason M $487,500
Closed Heredia Jason M $487,500
Previous Owner Camp Climb Llc $511,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold $650,000 -10.3% $256 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
08/04/2024 08/04/24 Price Changed $725,000 -4.0% $286 / Sq Ft
07/05/2024 07/05/24 Price Changed $755,000 -2.6% $297 / Sq Ft
05/10/2024 05/10/24 For Sale $775,000 -- $305 / Sq Ft
Source: NoCoast MLS

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 $2,910 $259,040 $5,700 $253,340
2024 $2,910 $243,480 $4,680 $238,800
2023 $2,732 $234,010 $4,680 $229,330
2022 $2,612 $197,830 $3,690 $194,140
2021 $1,942 $197,830 $3,690 $194,140
2020 $1,868 $145,920 $3,980 $141,940
2019 $1,944 $145,980 $0 $0
2018 $1,892 $146,330 $0 $0
2017 $1,860 $140,130 $0 $0
2016 $1,850 $140,130 $0 $0
2015 $1,852 $142,090 $0 $0
2014 $1,772 $142,090 $0 $0
Source: Public Records

Map

Source: NoCoast MLS

MLS Number: NOC6317196

NoCoast MLS

APN: 0340-08-26-200-003-0