NOT LISTED FOR SALE

113 14th St Ames, IA 50010

Estimated Value: $172,000 - $222,000

5 Beds
2 Baths
960 Sq Ft
$205/Sq Ft Est. Value

Last Sold December 11, 2013

Last sale price $110,500 $115 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,272/month

19 Days on Market

Highlights

  • Wood Flooring
  • Property near a hospital
  • Forced Air Heating and Cooling System
  • Storage
  • 1-Story Property
  • 1-minute walk to Duff Park

About This Home

As of December 2013

Exceptional investment opportunity - duplex has 3 bdrm up and 2 down-leased until 7/31/14 but each lease can be cancelled with a 45 day notice to tenant, which is excellent for owner occupied opportunity. Owner pays $250 towards utility bill-tenants pay balance. Seller will not participate in radon mitigation. New exterior paint and some minor repairs performed. Compliant with the city of Ames since July 2013.

Last Agent to Sell the Property

Nancy Marion

Friedrich Iowa Realty Listed on: 10/18/2013

Last Buyer's Agent

Patrick Weigel

Hunziker & Assoc.-Ames License #S25094

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,872

Year Built

  • Built in 1956

Parking

  • Carport

Home Design

  • Duplex
  • Block Foundation
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Storage
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Location

  • Property near a hospital
  • Property is near schools and bus stop

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 05-35-380-100

Community Details

Overview

  • 2 Units
  • 2 Range,2 Refrig,1 Dishwasher,1 Washer/Dryer Association

Building Details

  • Operating Expense $485
  • Gross Income $1,765
  • Net Operating Income $1,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,872

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size: 5400
  • Garage Yn: No
  • Unit Levels: One
  • Year Built: 1956
  • Floor:Concrete: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Vinyl2: Yes
  • Floor:Hardwood: Yes
  • Foundation:Concrete Block: Yes
  • Features:Hospital: Yes
  • Annual Expenses: 485.0
  • Income Expenses Net Income: 1280.0
  • Features:Bus: Yes
  • Features:School: Yes
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Flooring: Vinyl, Hardwood, Concrete, Carpet
  • Basement:Full2: Yes
  • Features:Storage Units: Yes

Exterior Features

  • Construction Type: Wood Siding, Vinyl Siding
  • Foundation Details: Block

Garage/Parking

  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 6 - 10 Spaces
  • Garage Type:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Association Name: 2 Range,2 Refrig,1 Dishwasher,1 Washer/Dryer

Schools

  • Junior High Dist: Ames

Lot Info

  • Parcel #: 05-35-380-100
  • Zoning: RL

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 1765.0
  • Property Net Operating Income: 1280.0
  • Annual Operating Expense: 485.0

Tax Info

  • Tax Annual Amount: 1872.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2013
Closed on
Nov 25, 2013
Sold by
Cheung Andrew
Bought by
Cable R E Investments Llc
Seller's Agent
Nancy Marion
Friedrich Iowa Realty
Buyer's Agent
Patrick Weigel
Hunziker & Assoc.-Ames
List Price
$119,000
Sold Price
$110,500
Premium/Discount to List
-$8,500
-7.14%
Current Estimated Value
$196,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,984
Avg. Annual Appreciation
4.87%
Original Mortgage
$116,000
Outstanding Balance
$86,059
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$110,425

Purchase Details

Closed on
Apr 27, 2005
Sold by
Sauer Christiner and Heintz Shanem
Bought by
Cheung Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
6.06%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cable R E Investments Llc $110,500 None Available
Cheung Andrew $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cable R E Investments Llc $116,000
Previous Owner Cheung Andrew $89,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2013 12/11/13 Sold $110,500 -7.1% $115 / Sq Ft
11/07/2013 11/07/13 Pending -- -- --
10/18/2013 10/18/13 For Sale $119,000 -- $124 / Sq Ft
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 $2,922 $195,000 $27,000 $168,000
2024 $2,860 $201,400 $38,700 $162,700
2023 $2,606 $201,400 $38,700 $162,700
2022 $2,574 $154,900 $38,700 $116,200
2021 $2,672 $154,900 $38,700 $116,200
2020 $2,634 $151,900 $38,000 $113,900
2019 $2,634 $151,900 $38,000 $113,900
2018 $2,654 $151,900 $38,000 $113,900
2017 $2,654 $151,900 $38,000 $113,900
2016 $2,078 $118,000 $31,000 $87,000
2015 $2,078 $118,000 $31,000 $87,000
2014 $2,120 $118,000 $31,000 $87,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nancy Marion

    Friedrich Iowa Realty

  • Patrick Weigel

    Buyer's Agent in 2013

    Patrick Weigel

    Hunziker & Assoc.-Ames

    (515) 231-7910

    65 Total Sales

    Patrick Weigel
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 38919

APN: 05-35-380-100

Iowa Story County Ames 50010

113 14th St, Ames, IA

Not Listed for Sale

MultiFamily

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