NOT LISTED FOR SALE

112 3rd Ave E de Witt, IA 52742

Estimated Value: $2,440,604

Studio
-- Bath
-- Sq Ft
20.04 Acres

Last Sold December 09, 2013

Last sale price $1,400,000

Est. 74% increase in value since last sale

Current estimated payment $18,171/month

135 Days on Market

About This Home

As of December 2013

122,350 SF industrial manufacturing building with 2,400 SF office located on 20.04 acres in DeWitt, IA just off 4-lane Hwys 30/61, 15 miles north of Interstate 80. Ten ton bridge crane with 490' 50' craneway and 38' ceilings. Balance of building has 27'-31' sidewalls. 13.2 KV 3PH power. Four truck docks, 2 drive-in doors. Sprinkler and compressed air throughout building.

Last Agent to Sell the Property

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998 Listed on: 03/27/2013

NAI Ruhl Commercial Company

Last Buyer's Agent

Margery Stratton

Mel Foster Co. Commercial License #B15127000/471.001981

Mel Foster Co. Commercial

Property Details

Property Type

  • Other

Year Built

  • Built in 1970

Lot Details

  • 20.04

Utilities

  • Partial Air Conditioning Available
  • Partial Heating System

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, internal maintenance, gas, electric
  • The owner pays for structural maintenance

Property Details

Property Type

Other

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial
  • Year Built: 1970
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Reinforced Concrete
  • Maximum Ceiling Ht Feet: 39
  • Min Ceiling Ht Feet: 27
  • Total Building Sq Ft: 122350
  • Estimated Lot Sq Ft: 872942.4

Exterior Features

  • Exterior Finish: Steel
  • Frontage Access: Paved 2Lane, City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Metal, Sloped
  • Wall Construction: Steel/ST Fram

Utilities

  • Cooling: Partial
  • Heating: Partial
  • Sprinkler: Yes
  • Volts: 480
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 20.04
  • Zoning: M-2

Rental Info

  • Monthly Lease Rate: 25490
  • Lease Dollar Sq Ft: 2.5
  • Lease Type: Net
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Internal Maintenance, Gas, Electric
  • Terms Lease: 3 Years, 5 Years

Tax Info

  • Annual Taxes: 35490
  • Parcel Id Number Tax Id: 2014440000
  • Estimated Taxes Sq Ft: 0.29
  • Tax Incentive: In City Limit
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2013
Closed on
Dec 9, 2013
Sold by
Dewitt Industrial Properties Llc
Bought by
Maschio Gaspardo North America Inc
Seller's Agent
Charlie Armstrong
NAI Ruhl Commercial Company
Buyer's Agent
Margery Stratton
Mel Foster Co. Commercial
List Price
$1,900,000
Sold Price
$1,400,000
Premium/Discount to List
-$500,000
-26.32%
Current Estimated Value
$2,440,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,040,604
Avg. Annual Appreciation
4.70%
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
Maschio Gaspardo North America Inc $1,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Maschio Gaspardo North America Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2013 12/09/13 Sold $1,400,000 -26.3% --
08/09/2013 08/09/13 Pending -- -- --
03/27/2013 03/27/13 For Sale $1,900,000 -- --
Source: RMLS Alliance

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 $64,902 $1,985,280 $235,000 $1,750,280
2024 $64,902 $1,930,270 $235,000 $1,695,270
2023 $60,938 $1,930,270 $235,000 $1,695,270
2022 $51,744 $1,615,120 $235,000 $1,380,120
2021 $51,972 $1,615,120 $235,000 $1,380,120
2019 $27,624 $0 $0 $0
2018 $27,604 $0 $0 $0
2017 $27,956 $0 $0 $0
2016 $27,450 $0 $0 $0
2015 $27,450 $912,100 $0 $0
2014 $28,692 $912,100 $0 $0
2013 $32,166 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charlie Armstrong

    Seller's Agent in 2013

    Charlie Armstrong

    NAI Ruhl Commercial Company

    (563) 529-6600

    1 in this area

    85 Total Sales

    Charlie Armstrong
    Section Image
  • Margery Stratton

    Buyer's Agent in 2013

    Margery Stratton

    Mel Foster Co. Commercial

    (563) 823-5277

    22 Total Sales

    Margery Stratton
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAQC7029130

RMLS Alliance

APN: 20-1444-0000

Iowa Clinton County 52742

112 3rd Ave E, IA

Not Listed for Sale

Other

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