NOT LISTED FOR SALE

105 N Monroe St Monroe, IA 50170

Studio
5 Baths
3,715 Sq Ft
6,468 Sq Ft Lot

Sale Details

Date Sold: November 25, 2020

Last sale price $210,000 $57 Per Sq Ft

20 Days on Market

Highlights

  • 5 Kitchens
  • Laundry Room
  • 1-minute walk to Monroe Town Square
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of November 2020

INVESTMENT OPPORTUNITY! Cash flowing 5-plex, fully occupied, in a great small Iowa community with many great jobs within 15-20 minutes.
Each unit is a 2 bed/1 bath and each unit has its own washer and dryer.
The current Gross Revenue is $2,580 with rents needing and ready to be increased in 4 out of 5 units. Gross Potential Revenue is $2,900.

Last Agent to Sell the Property

Crystal Arguello

Realty ONE Group Impact Listed on: 09/18/2020

Realty ONE Group Impact

Last Buyer's Agent

Joshua DeWaard

Century 21 Signature

Century 21 Signature
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,286

Year Built

  • Built in 1955

Lot Details

  • 6,468 Sq Ft Lot
  • Lot Dimensions are 49x132

Parking

  • Driveway

Home Design

  • 3,715 Sq Ft Home
  • Block Foundation
  • Asphalt Shingled Roof

Kitchen

  • 5 Kitchens
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Additional Features

  • Finished Basement

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 1736236003

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,286

Year Built

Built in 1955

Lot Details

6,468 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 61.91
  • Sp Amt Sq Ft: 56.53
  • Termite: Call Listing Agent
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 5
  • Stoves Total: 5
  • Interior Amenities: 1st Flr Laundry, 2nd Flr Laundry
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • First Floor Full Bathrooms: 5
  • Basement Description: Finished
  • Kitchens: 5
  • Laundry: Yes
  • Included Items: Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 3715
  • Total Sq Ft: 3715

Exterior Features

  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Pine

Garage/Parking

  • Driveway: Concrete, None

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central, Window Unit
  • Heat: Electric Forced Air, Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Lot Info

  • Acres: 0.1485
  • Lot S F: 6468
  • Lot Size: 49X132
  • Assessor Parcel Number: 1736236003
  • Zoning: multi

Rental Info

  • Deposit: Yes

Tax Info

  • Gross Taxes: 2286.00
  • Net Taxes: 2286.00

Multi Family

  • Total Units: 5

MLS Schools

  • School District: Pcm (Prairie City-Monroe)

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2021
Sold by
Hakeman and Susie
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Outstanding Balance
$212,733
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 18, 2020
Closed on
Nov 24, 2020
Sold by
Future Capital Llc
Bought by
Hakeman Matthew and Hakeman Susie
Seller's Agent
Crystal Arguello
Realty ONE Group Impact
Buyer's Agent
Joshua DeWaard
Century 21 Signature
List Price
$230,000
Sold Price
$210,000
Premium/Discount to List
-$20,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Hakeman Matthew $210,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $244,800
Closed Hakeman Properties Llc $244,800
Previous Owner Hakeman Matthew $168,000
Previous Owner Future Capital Llc $177,045
Previous Owner Herrema Dennis J $127,981
Previous Owner Herrema Dennis J $111,992
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/25/2020 11/25/20 Sold $210,000 -8.7% $57 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $230,000 +281.7% $62 / Sq Ft
01/17/2020 01/17/20 Sold $60,250 0.0% $16 / Sq Ft View Prior Sale
01/03/2020 01/03/20 Pending -- -- --
01/18/2019 01/18/19 For Sale $60,225 -- $16 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,556 $105,150 $9,800 $95,350
2024 $1,692 $105,150 $9,800 $95,350
2023 $1,690 $105,150 $9,800 $95,350
2022 $3,636 $80,420 $9,800 $70,620
2021 $2,110 $162,460 $9,800 $152,660
2020 $2,110 $84,490 $7,790 $76,700
2019 $2,562 $0 $0 $0
2018 $2,562 $0 $0 $0
2017 $2,806 $0 $0 $0
2016 $2,806 $0 $0 $0
2015 $2,838 $0 $0 $0
2014 $2,850 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 614392

Des Moines Area Association of REALTORS®
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