Seller's Agent in 2021
Hayley Hershberger
KALONA REALTY, INC.
(319) 430-4346
424 Total Sales
117 W Elm St Lone Tree, IA 52755
Estimated Value: $208,000 - $262,000
9
Beds
7
Baths
2,523
Sq Ft
$93/Sq Ft
Est. Value
Highlights
- Double Pane Windows
- Living Room
- Forced Air Heating System
- Lone Tree Elementary School Rated 9+
- Property is near schools
- Dining Room
About This Home
As of February 2021Investor 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.
Property Details
Home Type
- Multi-Family
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
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
Current Estimated Value
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
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Home Values in the Area
Average Home Value in this Area
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $218,000 | $46,600 | $171,400 |
| 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
Map
Source: Iowa City Area Association of REALTORS®
MLS Number: 202006761
APN: 1709412007
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.
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.
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