NOT LISTED FOR SALE

120 W 6th St Spencer, IA 51301

Estimated Value: $132,000 - $166,000

4 Beds
4 Baths
2,068 Sq Ft
$74/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $120,000 $58 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $935/month

Highlights

  • Forced Air Heating System
  • Spencer Middle School Rated 9+
  • Wood Siding

About This Home

As of November 2021

Investors!! Take a look at this 4-plex, income producing home. Each unit currently has a tenant and has great occupancy rate over the years! Current owner has freshly painted the exterior and a new roof was put on last year. Don’t miss out on this opportunity!

Last Agent to Sell the Property

Tanner Perrigo

EXIT Realty Midwest License #S63236 Listed on: 06/16/2021

EXIT Realty Midwest

Last Buyer's Agent

Rob Goebel

eXp Realty LLC License #B67868

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,836

Year Built

  • Built in 1910

Lot Details

  • 6,150 Sq Ft Lot
  • Lot Dimensions are 75 x 82

Home Design

  • Quadruplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,068 Sq Ft Home
  • Partially Furnished
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 9636-07-357-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,836

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Property Attached: No
  • Type: Quadruplex
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Basement Style: Full
  • Total Sq Ft: 2068
  • Above Grade Finished: 2068
  • Fireplace: No

Exterior Features

  • Construction Materials: Wood Siding
  • Flood Zone: No
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Type: None

Utilities

  • Fuel: Electric, Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public/City

Schools

  • School District: Spencer

Lot Info

  • Parcel Number: 9636-07-357-001
  • Estimated Acres: 0.14
  • Estimated Lot Dimensions: 75 X 82
  • Lot Sq Ft: 6150

Rental Info

  • Furnished: Partial

Multi Family

  • Number Of Units: 4

Tax Info

  • Tax Amount: 1836
  • Tax Classification: Non-Homestead
  • Tax Year: 2019

MLS Schools

  • School District: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2023
Sold by
Naumann Zachary
Bought by
Padilla Homes Llc
Current Estimated Value
$152,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Outstanding Balance
$107,080
Interest Rate
6.43%
Mortgage Type
Construction
Estimated Equity
$45,587

Purchase Details

Listed on
Jun 16, 2021
Closed on
Nov 30, 2021
Sold by
Hagedorn Dianne J
Bought by
Naumann Zachary
Seller's Agent
Tanner Perrigo
EXIT Realty Midwest
Buyer's Agent
Rob Goebel
eXp Realty LLC
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$90,000
Interest Rate
3.09%
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
Padilla Homes Llc $21,000 None Listed On Document
Naumann Zachary $120,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Padilla Homes Llc $110,000
Previous Owner Naumann Zachary $90,000
Previous Owner Hagedorn Dianne J $57,074
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $120,000 -7.7% $58 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $130,000 -- $63 / 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 $1,548 $38,560 $15,360 $23,200
2023 $894 $69,490 $15,360 $54,130
2022 $1,658 $96,310 $15,360 $80,950
2021 $2,974 $74,290 $15,360 $58,930
2020 $2,969 $75,470 $15,360 $60,110
2019 $2,246 $87,520 $0 $0
2018 $2,376 $87,520 $0 $0
2017 $2,376 $85,310 $0 $0
2016 $2,628 $85,310 $0 $0
2015 $2,500 $77,910 $0 $0
2014 $2,500 $77,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 210593

Iowa Great Lakes Board of REALTORS®

APN: 9636-07-357-001