NOT LISTED FOR SALE

116 W 3rd St Spencer, IA 51301

Estimated Value: $140,000 - $180,922

8 Beds
6 Baths
3,292 Sq Ft
$50/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $149,900 $46 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,130/month

3 Days on Market

About This Home

As of November 2021

Investment opportunity is knocking!! This fully occupied 4 unit property is located within walking distance to downtown. It features all new windows, newer A/C units and a newer boiler heating system and tankless hot water heater. Tenants enjoy on-site laundry and off street parking. This is one property you will want to have working for you!

Last Agent to Sell the Property

Bryan Sebastian

Northwest Iowa Realty License #S65753 Listed on: 10/07/2021

Northwest Iowa Realty

Last Buyer's Agent

Bridget Johnson

NextHome at the Lakes License #S67411

NextHome at the Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,286

Year Built

  • Built in 1910

Lot Details

  • 6,588 Sq Ft Lot
  • Lot Dimensions are 54 x 122

Home Design

  • Duplex
  • Asphalt Roof
  • Aluminum Siding
  • Stone Exterior Construction
  • Stick Built Home

Interior Spaces

  • 3,292 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • Lovewell & Hubbard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 963618107001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,286

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Attached: No
  • Type: Duplex
  • Year Built: 1910
  • Levels: Two
  • Stories: 2
  • Architectural Style: TWO STORY
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Basement Style: Partial
  • Price Per S Q F T: 45.53
  • Total Sq Ft: 3292
  • Above Grade Finished: 3292
  • Finished Sq Ft: 3292

Exterior Features

  • Construction: Stick Built
  • Construction Materials: Aluminum Siding, Stone
  • Exterior Features: Porch
  • Flood Zone: No
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Type: None

Utilities

  • Cooling: Window
  • Fuel: Natural Gas
  • Heating: Boiler
  • Sewer: Public Sewer
  • Water Source: Public/City

Condo/Co-op/Association

  • Complex Development Subdivision Name: LOVEWELL & HUBBARD

Schools

  • School District: Spencer

Lot Info

  • Parcel Number: 963618107001
  • Estimated Acres: 0.15
  • Estimated Lot Dimensions: 54 x 122
  • Lot Sq Ft: 6588

Rental Info

  • Furnished: No

Tax Info

  • Tax Amount: 1286
  • Tax Classification: Non-Homestead
  • Tax Year: 2020

MLS Schools

  • School District: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Nov 11, 2021
Sold by
Mrt Rentals Llc
Bought by
Fuhrman Properties Llc
Seller's Agent
Bryan Sebastian
Northwest Iowa Realty
Buyer's Agent
Bridget Johnson
NextHome at the Lakes
List Price
$149,900
Sold Price
$149,900
Current Estimated Value
$164,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,331
Avg. Annual Appreciation
0.47%
Original Mortgage
$119,920
Outstanding Balance
$97,210
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$55,356

Purchase Details

Closed on
Dec 6, 2011
Sold by
Bates Donald Duane and Bates Margaret Ann
Bought by
Bredehoeft Delray L and Bredehoeft Janelle C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,800
Interest Rate
4.11%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fuhrman Properties Llc $150,000 None Listed On Document
Bredehoeft Delray L $61,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuhrman Properties Llc $119,920
Closed Fuhrman Properties Llc $119,920
Previous Owner Bredehoeft Delray L $48,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $149,900 0.0% $46 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $149,900 -- $46 / Sq Ft
Source: Iowa Great Lakes 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 $2,830 $136,240 $10,370 $125,870
2023 $2,830 $182,960 $10,370 $172,590
2022 $1,136 $147,000 $10,370 $136,630
2021 $1,286 $53,950 $10,370 $43,580
2020 $1,286 $57,050 $10,370 $46,680
2019 $1,768 $73,130 $0 $0
2018 $1,870 $73,130 $0 $0
2017 $1,870 $71,430 $0 $0
2016 $2,078 $71,430 $0 $0
2015 $1,992 $65,790 $0 $0
2014 $1,992 $65,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 211135

Iowa Great Lakes Board of REALTORS®

APN: 9636-18-107-001