NOT LISTED FOR SALE

1103 W 5th St Unit 1, 2, 3 Storm Lake, IA 50588

Estimated Value: $116,000 - $192,000

-- Bed
3 Baths
1,444 Sq Ft
$107/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $99,000 $69 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $1,110/month

20 Days on Market

About This Home

As of November 2018

Great money maker! Looking for a chance to build your investment portfolio? This triplex just West of downtown Storm Lake may be just what you are looking for. Three units bring in $1850 in rent every month. There are Two 2 bedroom units that rent for $650/month and one large 1 bedroom that is currently rented for $550. All units have their own electric meter. Owner pays for water sewer. Some work has been completed in the basement for a possible additional unit. This space could also be used for storage or a common laundry setup. There is a one car garage for the owner's use and plenty of off street parking. Crunch the numbers for yourself. This is moneymaker.

Last Agent to Sell the Property

Robert Smith

Rob Smith Homes & Land License #B60368 Listed on: 10/18/2018

Co-Listed By

Michelle Smith

Rob Smith Homes & Land License #S33159

Last Buyer's Agent

Robert Smith

Rob Smith Homes & Land License #B60368 Listed on: 10/18/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,992

Year Built

  • Built in 1900

Lot Details

  • 0.46

Parking

  • 1 Car Detached Garage

Home Design

  • 1,444 Sq Ft Home

Additional Features

  • 0.46 Acre Lot
  • Baseboard Heating

Community Details

  • 3 Units
  • Gross Income $1,850

Listing and Financial Details

  • Assessor Parcel Number 1404232010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,992

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Legal Description: THE EAST ONE HUNDRED TWENTY-SEVEN AND ONE TENTHS (127.1) FEET OF THE SOUTH ONE HUNDRED SIXTY-FIVE AND THIRTY-FIVE ONE HUNDREDTHS (165.35) FEET, EXCEPT THE SOUTH EIGHT (8) FEET, OF LOT THIRTEEN (13), EARLY'S ADDITION TO THE CITY OF STORM LAKE, IOWA.
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1444
  • Main Level Sq Ft: 1444
  • Price Per Sq Ft: 68.56

Garage/Parking

  • Garage Type: Detached
  • Internet: Yes
  • Driveway: Crushed Rock
  • Garage Spaces: 1

Utilities

  • Fuel Type: Electric
  • Heat Type: Baseboard
  • Sewer Type: City
  • Water Type: City

Lot Info

  • Acres: 0.46
  • Lot Sq Ft: 19,999
  • Parcel Number: 1404232010

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Owner
  • Paid By Water: Tenant

Tax Info

  • Year: 2017
  • Gross Taxes: 1992

Multi Family

  • Rental Income: 1850
  • Electric Separate By Unit: Yes
  • Gross Income: 1850
  • Heat Separate By Unit: Yes
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2018
Closed on
Nov 14, 2018
Sold by
Rodriguez Rolando V
Bought by
Smith Dillan
Seller's Agent
Robert Smith
Rob Smith Homes & Land
Buyer's Agent
Robert Smith
Rob Smith Homes & Land
List Price
$99,000
Sold Price
$99,000
Current Estimated Value
$153,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,801
Avg. Annual Appreciation
8.19%
Original Mortgage
$107,100
Outstanding Balance
$94,943
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$72,428
Source: Public Records

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
Smith Dillan $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Dillan $107,100
Previous Owner Funk Johan G $9,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $99,000 0.0% $69 / Sq Ft
10/25/2018 10/25/18 For Sale $99,000 -- $69 / Sq Ft
Source: Northwest Iowa Regional Board 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 $3,122 $170,150 $20,020 $150,130
2023 $2,692 $163,500 $20,020 $143,480
2022 $2,406 $120,590 $20,020 $100,570
2021 $2,406 $94,330 $21,620 $72,710
2020 $2,726 $94,330 $21,620 $72,710
2019 $1,854 $94,330 $21,620 $72,710
2018 $1,992 $64,690 $21,620 $43,070
2017 $2,092 $64,690 $21,620 $43,070
2016 $2,194 $64,690 $21,620 $43,070
2015 $2,194 $64,690 $0 $0
2014 $2,242 $64,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robert Smith

    Rob Smith Homes & Land

    (712) 291-0027

    165 Total Sales

    Robert Smith
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Michelle Smith

    Rob Smith Homes & Land

    (712) 291-0027

    167 Total Sales

    Michelle Smith
    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 802965

Northwest Iowa Regional Board of REALTORS®

APN: 14-04-232-010

Iowa Buena Vista County Storm Lake 50588

1103 W 5th St Unit 1, 2, 3, Storm Lake, IA

This home is located at 1103 W 5th St Unit 1, 2, 3, Storm Lake, IA 50588 since 18 October 2018 and is currently estimated at $153,801, approximately $106 per square foot. This property was built in 1900. 1103 W 5th St Unit 1, 2, 3 is a home located in Buena Vista County with nearby schools including East Early Childhood Center, Storm Lake Elementary School, and Storm Lake Middle 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.

Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and 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.

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