$179,000
SOLD JUL 15, 2020

116 S Maple Ave Ames, IA 50010

Oak-Riverside Neighborhood
-- Bed
-- Bath
1,747 Sq Ft
9,627 Sq Ft Lot

Recently Sold

$102 Per Sq Ft

10% Below List Price

21 Days on Market

Highlights

  • 1 Car Detached Garage
  • Ames High School Rated A-
  • 3-minute walk to O'Neil Park

About This Home

As of June 2022

Very nice triplex, close to ISU, shopping, downtown, greenspaces and parks, and on a bus route. Steel siding with newer windows and heating and cooling systems. Two, 3-bedroom units, one, 1-bedroom unit. All units currently have tenants. Good cash flow on this property.

Last Agent to Sell the Property

Steve Bock

RE/MAX REAL ESTATE CENTER Listed on: 04/23/2020

RE/MAX REAL ESTATE CENTER

Last Buyer's Agent

Steve Bock

RE/MAX REAL ESTATE CENTER Listed on: 04/23/2020

RE/MAX REAL ESTATE CENTER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 59' x 163'

Parking

  • 1 Car Detached Garage

Interior Spaces

  • 1,747 Sq Ft Home
  • 2-Story Property

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $321
  • Gross Income $2,250
  • Net Operating Income $1,929

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Multi-Family
  • Lot Size: 59' x 163'
  • Directions: South off of Lincoln Way (three blocks west of Grand Ave)
  • Architectural Style: 2 Story
  • Garage Yn: Yes
  • Year Built: 1910
  • Keywords:Architectural Style2: 2 Story
  • Annual Expenses: 320.75
  • Income Expenses Net Income: 1929.25
  • Special Features: None

Garage/Parking

  • Keywords:Garage Capacity3: 1 Car
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 6 - 10 Spaces

Schools

  • Junior High Dist: Ames

Lot Info

  • Zoning: UCRM

Rental Info

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

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 2250.0
  • Property Net Operating Income: 1929.25
  • Annual Operating Expense: 320.75

Tax Info

  • Tax Annual Amount: 5132.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Jun 15, 2022
Sold by
116 Maple Llc
Bought by
Radium Properties Llc
Seller's Agent
Steve Bock
RE/MAX Real Estate Center
Buyer's Agent
Steve Bock
RE/MAX Real Estate Center
List Price
$215,000
Sold Price
$210,000
Premium/Discount to List
-$5,000
-2.33%
Current Estimated Value
$229,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,539
Avg. Annual Appreciation
3.17%
Original Mortgage
$157,500
Outstanding Balance
$150,916
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$80,609

Purchase Details

Closed on
May 7, 2021
Sold by
Durbin Enterprises Llc
Bought by
116 Maple Llc
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 Type Sale Price Title Company
Warranty Deed $210,000 Rowe James G
Quit Claim Deed $10,013 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $157,500 New Conventional
Previous Owner $154,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $210,000 -2.3% $217 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $215,000 +20.1% $222 / Sq Ft
07/15/2020 07/15/20 Sold $179,000 -10.5% $102 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $200,000 -- $114 / 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
2024 $3,070 $216,100 $61,800 $154,300
2023 $3,012 $216,100 $61,800 $154,300
2022 $3,504 $179,000 $61,800 $117,200
2021 $5,026 $179,000 $61,800 $117,200
2020 $5,358 $238,800 $61,800 $177,000
2019 $5,358 $238,800 $61,800 $177,000
2018 $5,370 $217,100 $56,200 $160,900
2017 $5,370 $217,100 $56,200 $160,900
2016 $4,476 $163,900 $42,400 $121,500
2015 $4,476 $163,900 $42,400 $121,500
2014 $4,486 $154,600 $40,000 $114,600
Source: Public Records

Agents Affiliated with this Home

  • Steve Bock

    Seller's Agent in 2022

    Steve Bock

    RE/MAX

    (515) 231-1899

    4 in this area

    216 Total Sales

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 54609

APN: 09-10-225-090

Iowa Story County Ames 50010 Oak-Riverside

116 S Maple Ave, Ames, IA

This home is located at 116 S Maple Ave, Ames, IA 50010 and is currently priced at $179,000, approximately $102 per square foot. This property was built in 1910. 116 S Maple Ave is a home located in Story County with nearby schools including Edwards Elementary School, Ames Middle School, and Ames High School.

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