Seller's Agent in 2018
Matt Karjalahti
RE/MAX
(641) 260-0672
148 Total Sales
1109 West St Grinnell, IA 50112
--
Bed
--
Bath
10,768
Sq Ft
0.95
Acres
Highlights
- 18 Kitchens
- No HOA
- Forced Air Heating and Cooling System
About This Home
As of October 2018Huge investment potential 2 BLOCKS FROM GRINNELL COLLEGE! 3 apartment buildings with 16 2 bedroom units, 2 1 bedroom units, 14 garage units, & 2 commercial retail/office units. 1109 & 1115 West St. Very low vacancy. Average rent of about $600.00 for the 2 bedroom units, $445.00 for the one bedroom units, $50.00 for the one stall garages, Most of the units have been greatly renovated and improved. After much hard work and a lot of capital, these properties have been transformed into some of the nicest apartment rentals in Grinnell. Representing a large fraction of Grinnell's rental marketshare, and in their current condition, these remarkable properties will be able to produce generous income for many years to come. Don't miss out on the opportunity of these proven and producing income properties.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $14,334
Year Built
- Built in 1975
Lot Details
- 0.95
Home Design
- 10,768 Sq Ft Home
- Brick Exterior Construction
- Metal Roof
Parking
- 4 Car Detached Garage
- Gravel Driveway
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Radiant Heating System
Additional Features
- 18 Kitchens
- 0.95 Acre Lot
Community Details
- No Home Owners Association
- 18 Units
Listing and Financial Details
- Assessor Parcel Number 0475800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 19, 2024
Sold by
Longview Capital Llc
Bought by
Longview Capital Holdings Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Longview Capital Holdings Llc | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Prairie Jewel Apartment | $2,142,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2018 10/23/18 | Sold | $997,000 | 0.0% | $93 / Sq Ft |
| 10/23/2018 10/23/18 | Sold | $997,000 | -9.4% | $93 / Sq Ft |
| 10/23/2018 10/23/18 | Pending | -- | -- | -- |
| 08/08/2018 08/08/18 | Pending | -- | -- | -- |
| 06/10/2018 06/10/18 | For Sale | $1,100,000 | 0.0% | $102 / Sq Ft |
| 05/16/2018 05/16/18 | For Sale | $1,100,000 | -- | $102 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $2,428 | $147,470 | $21,370 | $126,100 |
| 2023 | $2,266 | $147,470 | $21,370 | $126,100 |
| 2022 | $3,396 | $119,800 | $27,830 | $91,970 |
| 2021 | $3,396 | $119,800 | $27,830 | $91,970 |
| 2020 | $3,154 | $106,040 | $27,830 | $78,210 |
| 2019 | $2,630 | $106,040 | $27,830 | $78,210 |
| 2018 | $1,948 | $88,880 | $23,120 | $65,760 |
| 2017 | $2,008 | $88,880 | $23,120 | $65,760 |
| 2016 | $2,054 | $88,880 | $23,120 | $65,760 |
| 2015 | -- | $88,880 | $23,120 | $65,760 |
| 2014 | -- | $86,120 | $23,120 | $63,000 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Karjalahti
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 562605
APN: 180-0475800
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