NOT LISTED FOR SALE

1218 Avenue G Fort Madison, IA 52627

Estimated Value: $53,042 - $76,000

1 Bed
1 Bath
2,576 Sq Ft
$25/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $47,000 $18 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $418/month

231 Days on Market

About This Home

As of September 2022

Investment Opportunity! This triplex recently had a fire on one side, expense of being gutted is done and is a blank slate for the next owner! One unit currently rented, another is rentable but seller chooses not to rent since selling. Check it out!!

Last Agent to Sell the Property

Carla McEntee

Fraise Auction & Real Estate Listed on: 10/27/2021

Last Buyer's Agent

Carla McEntee

Fraise Auction & Real Estate Listed on: 10/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,034

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50 x 110

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,576 Sq Ft Home
  • Partial Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,180
  • Fuel Expense $1,476
  • Insurance Expense $1,000
  • Gross Income $4,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,034

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: #228 1218-20 AVE G LOT 261
  • Municipality: Fort Madison
  • Year Built: 1910
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 1218 Avenue G
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2021-10-30
  • List Office I D: 552
  • Sales Office I D: 552
  • Selling Agent: 2810
  • Building Style: Triplex
  • Unit 1 B1 Level: Upper
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Number of Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: Two
  • Bedrooms: 1
  • Total Bathrooms: 1
  • Basement: Partial
  • Main Floor Sq Ft: 2576
  • Price Per S Q F T: 18.25
  • Above Grade Finished Sq Ft: 2576
  • Below Grade Total Sq Ft: 1304
  • Fireplace: No
  • Total Finished Sq Ft: 2576

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Vinyl
  • Foundation Size: 1304
  • Roof: Asphalt Shingles

Garage/Parking

  • Fuel: Natural Gas

Utilities

  • Garage Stalls: 2
  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Association/Amenities

  • Complex/Development/Subdivision: City/Fort Madison

Fee Information

  • Expense Electric: 3180
  • Expense Fuel: 1476
  • Annual Expense: 3200
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Fort Madison
  • School District Number: 2322
  • School District Phone: 319-372-7252

Lot Info

  • Acres: 0.13
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 50 x 110
  • Lot Size Sq Ft: 5662.8
  • Lot Size Units: Acres

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: Yes
  • Rental License Type: Other

Multi Family

  • Expense Insurance: 1000
  • Expenses: 1000
  • Expense Water Sewer: 1200
  • Number Of Refrigerators: Two
  • Tenant Expenses: Electricity
  • Total Units: 3

Tax Info

  • Tax With Assessments: 1034
  • Tax Year: 2021
  • Gross Taxes: 1034

MLS Schools

  • School District: 2322 - Fort Madison
  • School District Name: Fort Madison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
Sep 1, 2022
Sold by
Burchett Billy Dean and Burchett Dena Gregory
Bought by
Colorworld Books Inc
Seller's Agent
Carla McEntee
Fraise Auction & Real Estate
Buyer's Agent
Carla McEntee
Fraise Auction & Real Estate
List Price
$66,500
Sold Price
$47,000
Premium/Discount to List
-$19,500
-29.32%
Current Estimated Value
$63,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,261
Avg. Annual Appreciation
8.87%
Source: Public Records

Range of Values:

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Average Value
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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
Colorworld Books Inc $47,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $47,000 -20.3% $18 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
01/21/2022 01/21/22 Price Changed $59,000 -4.8% $23 / Sq Ft
12/01/2021 12/01/21 Price Changed $62,000 -6.8% $24 / Sq Ft
10/27/2021 10/27/21 For Sale $66,500 -- $26 / Sq Ft
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 $906 $45,000 $7,360 $37,640
2023 $956 $45,000 $7,360 $37,640
2022 $968 $41,590 $7,360 $34,230
2021 $968 $41,590 $7,360 $34,230
2020 $1,122 $41,590 $7,360 $34,230
2019 $1,178 $41,590 $7,360 $34,230
2018 $1,308 $41,590 $0 $0
2017 $1,308 $41,590 $0 $0
2016 $1,406 $41,590 $0 $0
2015 $1,406 $41,590 $0 $0
2014 $1,476 $46,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6120927

NoCoast MLS

APN: 02-47-15-04-426-0060