NOT LISTED FOR SALE
Studio
-- Bath
30,780 Sq Ft
5,401 Sq Ft Lot

Sale Details

Date Sold: February 25, 2022

Last sale price $1,140,000 $37 Per Sq Ft

32 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • 3-minute walk to Cottingham & Butler Plaza

About This Home

As of February 2022

The property consists of two buildings. One with 12 apartments and 2 store fronts and the second with 4 apartments and 2 store fronts. The building hallways are linked together on second and third floor. The property has an elevator, four off street parking stalls, tenant pays gas and electric.

Last Agent to Sell the Property

Tom Kelzer

River Run Realty LLC Listed on: 11/04/2021

Last Buyer's Agent

Jared Althoff

Keller Williams Legacy Group

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 5,401

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof
  • Hardboard

Interior Spaces

  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available

Listing and Financial Details

  • Tenant pays for gas, electric
  • The owner pays for water, trash
  • Assessor Parcel Number 1024454010 and 1024454011
  • $65,000 Seller Concession

Community Details

Building Details

  • Insurance Expense $8,942
  • Utility Expense $7,272
  • Real Estate Tax Expense $12,262
  • Net Operating Income $102,409

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

5,401 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: 5 Or More Units
  • Year Built: 19001930
  • Lvt Date: 11/06/2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Estimated Total Above Ground Sq Ft: 30780
  • Estimated Finished Sq Ft: 30780
  • Estimated Sq Ft: 30780
  • Estimated Main Sq Ft: 10260
  • Estimated Upper Sq Ft: 20520
  • Basement: Full

Exterior Features

  • Foundation: Rock
  • Roof: Flat, Rubber
  • Siding: Brick, Hardboard

Garage/Parking

  • Parking: Off Street, On Street

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas
  • Heat Type: Forced Air

Condo/Co-op/Association

  • Amenities: Smoke Detectors, Laundry Facilities

Lot Info

  • Lot Size: 10,260 SF
  • Parcel Id Number: 1024454010 and 1024454011
  • Zoning: Commercial MultiResidenti

Rental Info

  • Owner Pays: Water, Trash
  • Tenant Pays: Gas, Electric

Multi Family

  • Number Of Units: 16

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
May 31, 2022
Sold by
Bought by

Purchase Details

Listed on
Nov 4, 2021
Closed on
Feb 25, 2022
Sold by
Bought by
Seller's Agent
Tom Kelzer
River Run Realty LLC
Buyer's Agent
Jared Althoff
Keller Williams Legacy Group
List Price
$1,100,000
Sold Price
$1,140,000
Premium/Discount to List
$40,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
0.0355%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2009
Sold by
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
$494,712
Interest Rate
0.0505%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 13, 2007
Sold by
Bought by
Source: Public Records
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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
$1,140,000 None Listed On Document
$494,500 None Available
$520,000 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
Previous Owner $1,300,000
Previous Owner $95,921
Previous Owner $494,712
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
02/25/2022 02/25/22 Sold $1,140,000 +3.6% $37 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
12/06/2021 12/06/21 For Sale $1,100,000 0.0% $36 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,100,000 -- $36 / Sq Ft
Source: East Central Iowa 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 $11,608 $711,500 $43,900 $667,600
2024 $11,608 $646,700 $39,000 $607,700
2023 $11,380 $646,700 $39,000 $607,700
2022 $6,514 $343,790 $38,990 $304,800
2021 $6,514 $343,790 $38,990 $304,800
2020 $7,310 $343,790 $38,990 $304,800
2019 $6,566 $343,790 $38,990 $304,800
2018 $6,758 $301,273 $34,167 $267,106
2017 $6,558 $301,273 $34,167 $267,106
2016 $6,708 $273,112 $34,167 $238,945
2015 -- $273,112 $34,167 $238,945
2014 $6,470 $259,710 $32,490 $227,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: ECR143666

East Central Iowa Association of REALTORS®

APN: 10-24-454-011

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