NOT LISTED FOR SALE

107 W 9th St Unit A, B & C Tipton, IA 52772

Estimated Value: $87,000 - $180,000

4 Beds
3 Baths
1,990 Sq Ft
$68/Sq Ft Est. Value

Last Sold September 01, 2017

Last sale price $80,000 $40 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $957/month

63 Days on Market

Highlights

  • Golf Course Community
  • Living Room
  • Property is near schools
  • Tennis Courts
  • Park
  • Radiant Heating System

About This Home

As of September 2017

Large Triplex with a lot of potential. Unit needs some updating. Each unit gets a single car garage. Also (2) two car garages that could be rented as a storage unit and a separate two car garage that could also be rented. Owner pays water and tenants pay rest of utilities. Unit B is currently not rented and is in process of being renovated. All units have electric radiant heat.

Last Listed By

Jeff Wallick

Keller Williams Legacy Group Listed on: 06/16/2017

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,450

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 100 x 142

Interior Spaces

  • 1,990 Sq Ft Home
  • Living Room
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Location

  • Property is near schools
  • Property is near shops

Schools

  • Tipton Elementary And Middle School
  • Tipton High School

Utilities

  • No Cooling
  • Radiant Heating System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 048007313570030

Community Details

Overview

  • 3 Units
  • Jennings Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,450

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Large Triplex with a lot of potential. Unit needs some updating. Each unit gets a single car garage. Also (2) two car garages that could be rented as a storage unit and a separate two car garage that could also be rented. Owner pays water and tenants pay rest of utilities. Unit B is currently not rented and is in process of being renovated. All units have electric radiant heat.
  • Year Built: 1899
  • Tax Year Report: 2016
  • Subdivision: Jennings
  • Directions: I-80 East to Exit 267 (Tipton) and North on Hwy 38 to Tipton. Left on W 9th Street. House is 2nd one on the left, go past and turn left on Linn Street and turn left into first alley to back of property where garages are to park.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Golf Course, Park, Playground, Sidewalks, Street Lights, Tennis Courts, Close to School, Close to Shopping
  • Basement Remarks: Stone, Full
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 1990
  • Lower Level Sq Ft: 1246

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Electric, Radiant, None

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Tipton
  • Middle School: Tipton
  • High School: Tipton
  • High School: Tipton
  • Jr Middle School: Tipton
  • Elementary School: Tipton

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 100 x 142
  • Zoning: Multi Family

Tax Info

  • Gross Tax County City: 2698
  • Assessor Parcel Number: 048007313570030

Multi Family

  • Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 30, 2017
Sold by
Peters Glen T and Peters Heather L
Bought by
Reichert Jacob and Pelzer Jerrad
Seller's Agent
Jeff Wallick
Keller Williams Legacy Group
Buyer's Agent
Jeff Wallick
Keller Williams Legacy Group
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Total Days on Market
63
Current Estimated Value
$135,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,738
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
Jun 27, 2007
Sold by
Peters Glen T and Peters Heather L
Bought by
Reichert Jacob and Pelzer Jerrad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,286
Interest Rate
6.5%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
Not Available
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
Reichert Jacob -- None Available
Reichert Jacob $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reichert Jacob $91,286
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2017 09/01/17 Sold $80,000 -11.0% $40 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $89,900 -- $45 / 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 $2,450 $140,110 $22,500 $117,610
2023 $2,450 $142,250 $22,500 $119,750
2022 $2,470 $106,670 $22,500 $84,170
2021 $2,458 $106,670 $22,500 $84,170
2020 $2,502 $106,670 $22,500 $84,170
2019 $2,078 $85,180 $22,500 $84,170
2018 $2,512 $98,690 $0 $0
2017 $2,572 $94,500 $0 $0
2016 $2,698 $94,500 $0 $0
2015 $2,894 $94,500 $0 $0
2014 $2,894 $94,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20173729

Iowa City Area Association of REALTORS®

APN: 0480-07-31-357-003-0