NOT LISTED FOR SALE

112 6th St SW Waverly, IA 50677

Estimated Value: $146,000 - $226,206

4 Beds
4 Baths
1,959 Sq Ft
$104/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $180,000 $92 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,339/month

182 Days on Market

Highlights

  • 0.4 Acre Lot
  • Covered Deck
  • Storage Shed
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

This beautiful, large, historical property is divided into 4 apartments, providing a great investment opportunity. It sits on a unique lot that spans the entire width of the block from east to west with parking on each side, and is conveniently located just off of Bremer Ave/Hwy 3 near restaurants, gas station, Wartburg College and more. There are two 1-bedroom units, a 2-bedroom unit, and an efficiency/studio unit. All utilities are paid for by the tenants. With a little vision and work, other opportunities could exist for this unique property such as a bed and breakfast, meeting center, offices or a grand single family home.

Last Agent to Sell the Property

Tammy McKenzie, CRS

Century 21 Signature Real Estate-Waverly License #B32193 Listed on: 09/15/2020

Century 21 Signature Real Estate-Waverly

Co-Listed By

Cara Shanks

Century 21 Signature Real Estate-Waverly License #S6460500

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,132

Year Built

  • Built in 1873

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 66 x 264

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Washer and Gas Dryer Hookup

Basement

  • Brick Basement
  • Exterior Basement Entry

Parking

  • 8 Open Parking Spaces
  • No Garage
  • Over 1 Space Per Unit
  • Parking Available

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch
  • Storage Shed

Schools

  • Waverly / Shellrock Elementary And Middle School
  • Waverly / Shellrock High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Wall Furnace

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, trash collection, water
  • Assessor Parcel Number 0903277005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,132

Year Built

Built in 1873

Lot Details

0

Listing Details

  • Parcel Number: 0903277005
  • Year Built: 1873
  • Property Sub-Type: Fourplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Dryer Hookup-Gas, Washer Hookup
  • Lot Size Acres: 0.4
  • Road Frontage Type: Hard Surface Road
  • Co List Office Mls Id: NBR61
  • Co List Office Phone: 319-352-1157
  • Co List Office Phone: 319-352-1157
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1959
  • Architectural Style: Two Story
  • Reso Roof: Metal
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Brick/Mortar, Entrance-Outside
  • Below Grade Sq Ft: 1959

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Sidewalk, Covered Deck, Porch-Covered, Storage Shed
  • Siding: Brick

Garage/Parking

  • Open Parking Spaces: 8
  • Parking Features: None, Gravel, Over 1 Space, Parking Area

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating: Electric, Forced Air, Gas, Wall Furnace
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Gas Individual Meters, Water - Multiple Meters
  • Water Source: City

Schools

  • Elementary School: Waverly / Shellrock
  • High School: Waverly / Shellrock
  • Middle Or Junior School: Waverly / Shellrock

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 66 x 264
  • Lot Size Sq Ft: 17424

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
May 31, 2021
Sold by
Henning William G and Henning Jean L
Bought by
Pries Rentals Llc
Seller's Agent
Tammy McKenzie, CRS
Century 21 Signature Real Estate-Waverly
List Price
$224,900
Sold Price
$180,000
Premium/Discount to List
-$44,900
-19.96%
Current Estimated Value
$204,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,052
Avg. Annual Appreciation
5.10%
Original Mortgage
$153,000
Outstanding Balance
$140,022
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$82,913
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
Pries Rentals Llc $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pries Rentals Llc $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $180,000 -10.0% $92 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
11/11/2020 11/11/20 Price Changed $199,900 -11.1% $102 / Sq Ft
09/15/2020 09/15/20 For Sale $224,900 -- $115 / Sq Ft
Source: Northeast 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 $3,028 $169,330 $31,420 $137,910
2023 $2,690 $174,520 $27,490 $147,030
2022 $2,732 $138,480 $27,490 $110,990
2021 $2,042 $123,590 $27,490 $96,100
2020 $2,042 $85,040 $19,640 $65,400
2019 $2,114 $85,040 $0 $0
2018 $2,226 $85,040 $0 $0
2017 $2,226 $85,040 $0 $0
2016 $2,630 $85,040 $0 $0
2015 $2,630 $85,040 $0 $0
2014 $2,804 $85,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20204724

Northeast Iowa Regional Board of REALTORS®

APN: 09-03-277-005