NOT LISTED FOR SALE

1200 Delaney Ct North Liberty, IA 52317

Estimated Value: $235,000 - $2,958,000

12 Beds
12 Baths
25,904 Sq Ft
$35/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $3,120,000 $120 Per Sq Ft

Current estimated payment $5,263/month

Highlights

  • 16 Fireplaces
  • Brick or Stone Mason
  • Forced Air Heating and Cooling System
  • Double Pane Windows
  • Living Room
  • Dining Room

About This Home

As of April 2021

Meticulously maintained by one owner! This 16 unit/8 building, This investment portfolio was built in 08' & 09' . Each 1619sqft, townhouse style unit comes equipped with 3 bedrooms, 2.5 baths. Tenants pay own utilities. New Roofs and partial siding and gutters installed October 2020.

Last Agent to Sell the Property

Carrie Floss

Urban Acres Real Estate Listed on: 04/19/2021

Urban Acres Real Estate

Last Buyer's Agent

Kari Juhl

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,064

Year Built

  • Built in 2008

Lot Details

  • 1.85

Parking

  • Garage

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Ceiling Insulation
  • Vinyl Construction Material

Interior Spaces

  • 25,904 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 16 Fireplaces
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Accessible Home Design

  • Stepless Entry

Schools

  • Cca - North Bend Elementary School
  • Clear Creek Middle School
  • Clear Creek High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 0611210001

Community Details

Overview

  • 16 Units
  • Devmont Estates Subdivision

Building Details

  • Insurance Expense $6,224
  • Maintenance Expense $18,000
  • Gross Income $267,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,064

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Possible Finance: Cash, Conventional, Owner 1st
  • Year Built: 2008
  • Zero Step Entry: Yes
  • Tax Year Report: 2019
  • Subdivision: Devmont Estates
  • Rental Permit: Yes
  • Type Multi Family: 2 Stories
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 25904
  • Basement: Slab
  • Number of Fireplaces: 16

Exterior Features

  • Construction: Brick Partial, Vinyl

Garage/Parking

  • Parking: Garage

Utilities

  • Cooling: Electric, Ceiling Fan, Central
  • Heating: Gas, Central, Forced Air
  • Internet: Yes
  • Water Sewer: City Sewer, City Water

Condo/Co-op/Association

  • Amenities: Neighborhood, Sidewalks

Schools

  • Elementary School: CCA - North Bend
  • Middle School: Clear Creek
  • High School: Clear Creek
  • High School: Clear Creek
  • Jr Middle School: Clear Creek
  • Elementary School: CCA - North Bend

Green Features

  • Energy Related: Double Pane, Insulation-Ceiling, Water Heater-Gas

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 1.85 Acres
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 55000
  • Assessor Parcel Number: 0611210001

Multi Family

  • Units Total: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Apr 19, 2021
Sold by
Mag Develoment Llc
Bought by
Lepli Thomas D and Lepli Polly A
Seller's Agent
Carrie Floss
Urban Acres Real Estate
Buyer's Agent
Kari Juhl
Lepic-Kroeger, REALTORS
List Price
$3,120,000
Sold Price
$3,120,000
Current Estimated Value
$918,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,201,020
Avg. Annual Appreciation
-20.93%
Original Mortgage
$3,140,000
Outstanding Balance
$2,873,655
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$1,753,074
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
Lepli Thomas D $3,120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lepli Thomas D $3,140,000
Previous Owner Mag Development Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $3,120,000 0.0% $120 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $3,120,000 -- $120 / 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 $3,064 $181,100 $20,000 $161,100
2023 $3,666 $181,100 $20,000 $161,100
2022 $3,612 $184,900 $20,000 $164,900
2021 $3,538 $184,900 $20,000 $164,900
2020 $3,538 $172,300 $20,000 $152,300
2019 $4,290 $172,300 $20,000 $152,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202102374

Iowa City Area Association of REALTORS®

APN: 0611210001