NOT LISTED FOR SALE

117 W Elm St Lone Tree, IA 52755

Estimated Value: $178,000 - $232,611

9 Beds
7 Baths
2,523 Sq Ft
$83/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $170,000 $67 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,405/month

53 Days on Market

Highlights

  • Double Pane Windows
  • Property is near schools
  • Dining Room
  • Living Room
  • Forced Air Heating System

About This Home

As of February 2021

Investor Alert! Great 4 unit investment property fully rented with positive cash flow and in an excellent location! Gross rents of $2,575/mo. The two family conversion home has 2 units. Unit 117 has been fully remodelled and includes 2 bedrooms & 1 bathroom. Unit 117.5 has 2 bedrooms & 1.5 baths. Units share a patio & large yard space. Buyer could live in one unit and rent out the others and have their mortgage payment paid the tenants! Long term tenants with a good rental history.

Last Agent to Sell the Property

Hayley Hershberger

KALONA REALTY, INC. Listed on: 11/16/2020

Last Buyer's Agent

Hayley Hershberger

KALONA REALTY, INC. Listed on: 11/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,838

Year Built

  • Built in 1900

Lot Details

  • 0.32

Parking

  • Off-Street Parking

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,523 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Partial Basement
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher

Location

  • Property is near schools
  • Property is near shops

Schools

  • Lone Tree Elementary And Middle School
  • Lone Tree High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number Multiple See Addendum

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,782
  • Maintenance Expense $5,500
  • Gross Income $30,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,838

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Photo Code1: Broker Provided
  • Possible Finance: Cash, Conventional
  • Remarks: Investor Alert! Great 4 unit investment property fully rented with positive cash flow and in an excellent location! Gross rents of $2,575/mo. The two family conversion home has 2 units. Unit 117 has been fully remodelled and includes 2 bedrooms & 1 bathroom. Unit 117.5 has 2 bedrooms & 1.5 baths. Units share a patio & large yard space. Buyer could live in one unit and rent out the others and have their mortgage payment paid the tenants! Long term tenants with a good rental history.
  • Year Built: 1900
  • Tax Year Report: 2019
  • Rental Permit: Yes
  • Type Multi Family: 2 Stories
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 2523
  • Basement: Partial
  • Laundry: Hookups In Unit

Exterior Features

  • Construction: Vinyl

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Window/Wall Units
  • Heating: Gas, Forced Air
  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Utilities Available: Cable Paid by Ind., Electricity Ind. Meters, Garbage Paid by Ind., Gas Ind. Meters, Water Ind. Meters

Condo/Co-op/Association

  • Amenities: Sidewalks, Street Lights, Close to School, Close to Shopping

Schools

  • Elementary School: Lone Tree
  • Middle School: Lone Tree
  • High School: Lone Tree
  • High School: Lone Tree
  • Jr Middle School: Lone Tree
  • Elementary School: Lone Tree

Green Features

  • Energy Related: Double Pane

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: Irregular
  • Zoning: Residential

Rental Info

  • Lease Value: 170,000

Tax Info

  • Gross Tax County City: 2858
  • Assessor Parcel Number: Multiple See Addendum

Multi Family

  • Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2016
Sold by
Burr Richard L and Burr Sheila B
Bought by
Schrock Jonathan and Schrock Mary
Total Days on Market
53
Current Estimated Value
$209,653

Purchase Details

Closed on
Jan 25, 2016
Sold by
Burr Richard L and Burr Sheila B
Bought by
Schrock Jonathan and Schrock Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.95%
Mortgage Type
Commercial
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
Schrock Jonathan -- None Available
Schrock Jonathan $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schrock Jonathan $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $170,000 -5.5% $67 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
11/16/2020 11/16/20 For Sale $179,900 -- $71 / Sq Ft
Source: Iowa City Area Association 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 $2,838 $211,400 $46,600 $164,800
2023 $2,448 $211,400 $46,600 $164,800
2022 $2,420 $155,300 $36,800 $118,500
2021 $2,328 $155,300 $36,800 $118,500
2020 $2,328 $142,800 $36,800 $106,000
2019 $2,106 $142,800 $36,800 $106,000
2018 $2,070 $126,800 $36,800 $90,000
2017 $2,070 $126,800 $36,800 $90,000
2016 $1,942 $116,700 $36,800 $79,900
2015 $1,942 $116,700 $36,800 $79,900
2014 $2,128 $130,900 $36,800 $94,100
Source: Public Records

Agents Affiliated with this Home

  • Hayley Hershberger

    Seller's Agent in 2021

    Hayley Hershberger

    KALONA REALTY, INC.

    (319) 430-4346

    424 Total Sales

    Hayley Hershberger
    Section Image
See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202006761

Iowa City Area Association of REALTORS®

APN: 1709412007

Iowa Johnson County Lone Tree 52755

117 W Elm St, Lone Tree, IA

This home is located at 117 W Elm St, Lone Tree, IA 52755 since 16 November 2020 and is currently estimated at $209,653, approximately $83 per square foot. This property was built in 1900. 117 W Elm St is a home located in Johnson County with nearby schools including Lone Tree Elementary School and Lone Tree Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

Nearby Homes