NOT LISTED FOR SALE

1116 University Place Burlington, IA 52601

Estimated Value: $27,703 - $118,000

6 Beds
3 Baths
3,480 Sq Ft
$22/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $22,000 $6 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $461/month

291 Days on Market

About This Home

As of July 2021

This triplex offers three, 2 bedroom/1 bath units that were renting for $500 mo. A current rental permit is in place. This is a great opportunity to own your own income property! Sold As Is.

Last Agent to Sell the Property

Melissa Schwenker

Ruhl & Ruhl, REALTORS Listed on: 08/21/2020

Ruhl & Ruhl, REALTORS

Last Buyer's Agent

Melissa Schwenker

Ruhl & Ruhl, REALTORS Listed on: 08/21/2020

Ruhl & Ruhl, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 5,881 Sq Ft Lot
  • Lot Dimensions are 118 x 50

Home Design

  • Triplex
  • Asphalt Shingled Roof

Interior Spaces

  • 3,480 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: BURLINGTON UNIVERSITY SUB LOT:6
  • Municipality: Burlington
  • Year Built: 1903
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 1116 University Place
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2020-08-22
  • List Office I D: 561
  • Sales Office I D: 561
  • Selling Agent: 2813
  • Share Listings With: Broker Reciprocity, Realtor.com, RPR Listing License
  • Street Designation: Place
  • Building Style: Triplex
  • Unit 1 Annual Rent: 6000
  • Unit 1 B1 Level: Main
  • Unit 1 B2 Level: Main
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Kitchen Level: Main
  • Unit 1 Living Room Level: Main
  • Unit 1 Month Rent: 500
  • Unit 1 Number of Units: 1
  • Unit 1 Rooms Total: 5
  • Unit 2 Annual Rent: 6000
  • Unit 2 B1 Level: Upper
  • Unit 2 B2 Level: Upper
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Kitchen Level: Upper
  • Unit 2 Living Room Level: Upper
  • Unit 2 Month Rent: 500
  • Unit 2 Number of Units: 1
  • Unit 2 Rooms Total: 5
  • Unit 3 Bathrooms Description: Upper Level Full Bath
  • Unit 3 Annual Rent: 6000
  • Unit 3 B1 Level: Upper
  • Unit 3 B2 Level: Upper
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Total Bathrooms: 1
  • Unit 3 Bedrooms: 2
  • Unit 3 Family Room Level: Main
  • Unit 3 Kitchen Level: Main
  • Unit 3 Living Room Level: Main
  • Unit 3 Month Rent: 500
  • Unit 3 Number of Units: 1
  • Unit 3 Rooms Total: 6
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 3
  • Basement: Full
  • Main Floor Sq Ft: 1779
  • Price Per S Q F T: 6.32
  • Above Grade Finished Sq Ft: 3480
  • Below Grade Total Sq Ft: 1701
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Other
  • Foundation Size: 1701
  • Roof: Asphalt Shingles

Garage/Parking

  • Fuel: Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Association/Amenities

  • Complex/Development/Subdivision: University Sub

Fee Information

  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Burlington
  • School District Phone: 319-753-6791

Lot Info

  • Acres: 0.14
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 118 x 50
  • Lot Size Sq Ft: 5880.6
  • Lot Size Units: Acres
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Tax Info

  • Tax With Assessments: 1550
  • Tax Year: 2019
  • Gross Taxes: 1550

Multi Family

  • Tenant Expenses: Cable T.V., Electricity, Fuel, Trash Collection, Water
  • Total Units: 3
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

MLS Schools

  • School District: 882 - Burlington
  • School District Name: Burlington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2020
Closed on
Jul 12, 2021
Sold by
Whispering Pines Investments L
Bought by
Sago Christopher F and Sago Millicent W
Seller's Agent
Melissa Schwenker
Ruhl & Ruhl, REALTORS
Buyer's Agent
Melissa Schwenker
Ruhl & Ruhl, REALTORS
List Price
$29,950
Sold Price
$22,000
Premium/Discount to List
-$7,950
-26.54%
Current Estimated Value
$75,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,176
Avg. Annual Appreciation
34.75%

Purchase Details

Listed on
Aug 21, 2020
Closed on
Jul 8, 2021
Sold by
Whispering Pines Investments Llc
Bought by
Sago Christopher F and Sago Millicent W
Seller's Agent
Melissa Schwenker
Ruhl & Ruhl, REALTORS
Buyer's Agent
Melissa Schwenker
Ruhl & Ruhl, REALTORS
List Price
$29,950
Sold Price
$22,000
Premium/Discount to List
-$7,950
-26.54%

Purchase Details

Listed on
Jul 16, 2018
Closed on
Aug 30, 2019
Sold by
Hoelzen J Doris Est
Bought by
Whispering Pines Inv Llc
Seller's Agent
Melissa Schwenker
Ruhl & Ruhl, REALTORS
Buyer's Agent
Melissa Schwenker
Ruhl & Ruhl, REALTORS
List Price
$69,900
Sold Price
$15,000
Premium/Discount to List
-$54,900
-78.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.46%
Original Mortgage
$102,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2012
Sold by
Hoelzen Doris J
Bought by
Hoelzen Hugh H and Hoelzen Carolyn S
Source: Public Records

Range of Values:

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Average Value
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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
Sago Christopher F $22,000 None Listed On Document
Sago Christopher F $22,000 None Available
Whispering Pines Inv Llc -- --
Hoelzen Hugh H -- Kathy Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whispering Pines Inv Llc $102,000
Previous Owner Hoelzen Doris H $12,482
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $22,000 -11.8% $6 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/03/2021 05/03/21 Price Changed $24,950 -16.7% $7 / Sq Ft
04/22/2021 04/22/21 For Sale $29,950 0.0% $9 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
11/30/2020 11/30/20 Price Changed $29,950 -14.4% $9 / Sq Ft
08/21/2020 08/21/20 For Sale $35,000 +133.3% $10 / Sq Ft
10/11/2019 10/11/19 Sold $15,000 -78.5% $4 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/16/2018 07/16/18 For Sale $69,900 -- $20 / Sq Ft
Source: NoCoast MLS

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 $622 $36,700 $7,100 $29,600
2023 $496 $36,700 $7,100 $29,600
2022 $1,226 $24,700 $7,100 $17,600
2021 $1,226 $51,100 $7,100 $44,000
2020 $1,434 $51,100 $7,100 $44,000
2019 $1,550 $51,100 $0 $0
2018 $1,302 $51,100 $7,100 $44,000
2017 $1,302 $39,900 $0 $0
2016 $1,408 $39,900 $0 $0
2015 $1,408 $39,900 $0 $0
2014 $1,486 $38,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5645026

NoCoast MLS

APN: 16-05-130-002