NOT LISTED FOR SALE

1180 440th Ave Malcom, IA 50157

Estimated Value: $227,000 - $393,618

4.71 Acres
$64,446 Price per Acre
205,168 Sq Ft Lot

Last Sold June 18, 2021

Last sale price $85,000

Est. 257% increase in value since last sale

Current estimated payment $1,711/month

4 Days on Market

About This Lot

As of June 2021

Need a spot to build in central Iowa? Look no further! This four acre plot of land is ideal to build a home. Located less than .25 miles west of Hwy 63 just minutes south of Interstate 80 you're only an hour from Des Moines, Iowa City, Waterloo, or Ottumwa. Mostly pasture ground now with some trees and a one acre stocked pond great for fishing or a peaceful setting. The contour of the land lends itself well for a walkout basement. Seller will consider seller financing. Call today to view this great property!

Last Agent to Sell the Property

Andy Erselius

AE Realty, Inc License #*** Listed on: 05/14/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $552

Lot Details

  • 4.71 Acre Lot
  • Lot Has A Rolling Slope
  • Property is zoned Agriculture

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$552

Lot Details

0

Listing Details

  • Property Sub Type: Acreage
  • Copyright Remarks: Yes
  • Legal Description: 14 - 79 - 15PARCEL B NE NE
  • Municipality: Malcom
  • Section Number: 14
  • Development Status Long: Raw Land
  • Builder Restrictions: Open
  • OFFICELIST_ADDRESS: 1180 440th Avenue
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2021-05-14
  • List Office I D: 537
  • Sales Office I D: 1
  • Share Listings With: CoreLogic Listing License, Realtor.com, Homes.com, Broker Reciprocity, RPR Listing License
  • Street Designation: Avenue
  • Building Style: Lots & Land
  • Sellling Agent: 1
  • Special Features: None

Interior Features

  • Price Per S Q F T: 18046.71

Exterior Features

  • Waterfront Present: No

Utilities

  • Available Utilities: Electricity Available, None Connected

Condo/Co-op/Association

  • Association Fee YN: No

Association/Amenities

  • Is Development: No

Fee Information

  • Tax Class: LOTS & LAND

Schools

  • School District: Montezuma
  • School District Number: 4437
  • School District Phone: 641-623-5121

Lot Info

  • Acres: 4.71
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Size Sq Ft: 205167.6
  • Lot Size Units: Acres
  • Agricultural Water: Pond
  • Improvements: Public Road
  • Land Inclusions: Abstract
  • Pasture Acres: 3
  • Topography: Sloped
  • Land Dimensions: 400x515x400x515
  • Left Dim: 515
  • Plat Recorded: Yes
  • Right Dim: 515

Green Features

  • Green Cert: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Tax Info

  • Tax With Assessments: 552
  • Tax Year: 2020
  • Gross Taxes: 552

MLS Schools

  • School District: 4437 - Montezuma
  • School District Name: Montezuma

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 15, 2021
Sold by
Krause Lori L
Bought by
Berstler Jacob J
Seller's Agent
Andy Erselius
AE Realty, Inc
List Price
$75,000
Sold Price
$85,000
Premium/Discount to List
$10,000
13.33%
Current Estimated Value
$303,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,539
Avg. Annual Appreciation
35.17%
Original Mortgage
$60,915
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2019
Sold by
Lehman David J and Lehman Dedee A
Bought by
Krause Gregory A and Krause Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,400
Interest Rate
4.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Berstler Jacob J $85,000 None Available
Krause Gregory A $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berstler Jacob J $470,000
Closed Berstler Jacob J $60,915
Previous Owner Krause Gregory A $42,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $85,000 +13.3% --
05/18/2021 05/18/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $75,000 -- --
Source: NoCoast MLS

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 $686 $207,300 $66,100 $141,200
2023 $654 $66,100 $66,100 $0
2022 $654 $52,920 $52,920 $0
2021 $656 $49,920 $49,920 $0
2020 $560 $41,600 $41,600 $0
2019 $552 $41,600 $41,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Erselius

    Seller's Agent in 2021

    Andy Erselius

    AE Realty, Inc

    (641) 226-2639

    179 Total Sales

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Map

Source: NoCoast MLS

MLS Number: NOC5758280

NoCoast MLS

APN: 3611500

Iowa Poweshiek County Malcom 50157

1180 440th Ave, Malcom, IA

This home is located at 1180 440th Ave, Malcom, IA 50157 since 14 May 2021 and is currently estimated at $303,539. 1180 440th Ave is a home located in Poweshiek County with nearby schools including Montezuma Elementary School and Montezuma Junior 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.

NoCoast MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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