NOT LISTED FOR SALE

111 E 7th St Ames, IA 50010

Brandshell Neighborhood

Estimated Value: $154,000 - $184,000

2 Beds
2 Baths
-- Sq Ft
1930 Built

Last Sold March 10, 2015

Last sale price $97,000

Est. 67% increase in value since last sale

Current estimated payment $1,001/month

62 Days on Market

Highlights

  • Wood Flooring
  • Property near a hospital
  • Forced Air Heating and Cooling System
  • 1 Car Detached Garage
  • 1-Story Property
  • 4-minute walk to Bandshell Park

About This Home

As of March 2015

Great cash flow on this Duplex. Close to hospital. Leases expire 7-31-15. Updates: windows, water heaters, furnace, ca.

Last Agent to Sell the Property

Denny Thompson

FURMAN REALTY License #S24968 Listed on: 12/03/2014

Last Buyer's Agent

Denny Thompson

FURMAN REALTY License #S24968 Listed on: 12/03/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,275

Year Built

  • Built in 1930

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • 1-Story Property
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Location

  • Property near a hospital
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0902401100

Community Details

Overview

  • 2 Units
  • (2) Refrig,,Stoves, W/D Association

Building Details

  • Operating Expense $2,175
  • Gross Income $12,600
  • Net Operating Income $10,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,275

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size: 4500
  • Garage Yn: Yes
  • Unit Levels: One
  • Year Built: 1930
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Vinyl2: Yes
  • Floor:Hardwood: Yes
  • Exterior:Stucco: Yes
  • Foundation:Crawl Space: Yes
  • Features:Cable TV: Yes
  • Features:Hospital: Yes
  • Annual Expenses: 2175.0
  • Income Expenses Net Income: 10425.0
  • Features:School: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Hardwood

Exterior Features

  • Construction Type: Stucco
  • Foundation Details: Crawl Space

Garage/Parking

  • Garage Spaces: 1.0
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Name: (2) refrig,,stoves, w/d

Schools

  • Junior High Dist: Ames

Lot Info

  • Parcel #: 0902401100
  • Zoning: UCRM

Rental Info

  • Who Pays Trash: Tenant
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12600.0
  • Property Net Operating Income: 10425.0
  • Annual Operating Expense: 2175.0

Tax Info

  • Tax Annual Amount: 1275.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2022
Sold by
Azam Asia
Bought by
Sma Associates Llc
Current Estimated Value
$162,472

Purchase Details

Listed on
Dec 3, 2014
Closed on
Mar 10, 2015
Sold by
Roden Lawrence N
Bought by
Azam Syed and Azam Asia
Seller's Agent
Denny Thompson
FURMAN REALTY
Buyer's Agent
Denny Thompson
FURMAN REALTY
List Price
$110,000
Sold Price
$97,000
Premium/Discount to List
-$13,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$67,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2006
Sold by
Roden Lawrence N
Bought by
Roden Lawrence N and Lawrence N Roden Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sma Associates Llc -- --
Azam Syed $96,750 None Available
Roden Lawrence N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Azam Syed $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2015 03/10/15 Sold $97,000 -11.8% --
02/04/2015 02/04/15 Pending -- -- --
12/03/2014 12/03/14 For Sale $110,000 -- --
Source: Central Iowa 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
2025 $1,804 $120,600 $22,500 $98,100
2024 $1,766 $124,300 $22,100 $102,200
2023 $1,488 $124,300 $22,100 $102,200
2022 $1,470 $88,400 $22,100 $66,300
2021 $1,476 $88,400 $22,100 $66,300
2020 $1,454 $83,900 $21,000 $62,900
2019 $1,454 $83,900 $21,000 $62,900
2018 $1,466 $83,900 $21,000 $62,900
2017 $1,466 $83,900 $21,000 $62,900
2016 $1,280 $72,700 $23,600 $49,100
2015 $1,280 $72,700 $23,600 $49,100
2014 $1,306 $72,700 $23,600 $49,100
Source: Public Records

Agents Affiliated with this Home

  • Denny Thompson

    Seller's Agent in 2015

    Denny Thompson

    FURMAN REALTY

    (515) 290-7002

    2 in this area

    30 Total Sales

    Denny Thompson
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 41379

APN: 09-02-401-100

Iowa Story County Ames 50010 Brandshell

111 E 7th St, Ames, IA

Not Listed for Sale

MultiFamily

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