NOT LISTED FOR SALE

Estimated Value: $270,000 - $329,000

3 Beds
2 Baths
1,625 Sq Ft
$179/Sq Ft Est. Value

Last Sold December 05, 2019

Last sale price $179,900 $111 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,991/month

98 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Separate Formal Living Room
  • Laundry Room
  • City High School Rated A-
  • Porch
  • Kitchen Island

About This Home

As of December 2019

Motivated seller for 1031 exchange - priced below current assessed value. This 1920's bungalow is currently permitted & rented as a duplex, but could be owner occupied or converted to a SFH. The front porch is delightful, & there are two units, one up & one down. Both units have a LR, KIT, 1 BA , & there are 2 BDR up/1 BDR down (3 total). Angled H/W floors, character, charm, tall ceilings & remodeled kitchens. Both units typically have rented easily w/ much demand, being close to campus & on a bus line.

Last Agent to Sell the Property

Julie Dancer

Lepic-Kroeger, REALTORS Listed on: 08/27/2019

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Julie Dancer

Lepic-Kroeger, REALTORS Listed on: 08/27/2019

Lepic-Kroeger, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,592

Year Built

  • Built in 1920

Lot Details

  • 436 Sq Ft Lot
  • Lot Dimensions are 50 x 80
  • Level Lot

Parking

  • 1 Parking Space

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1,625 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Porch

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Mann Elementary School
  • Southeast Middle School

Utilities

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

Community Details

  • J W Clark's Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1011331009

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,592

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1625
  • Homebuilder: unk
  • Owner Name L F Mi: River City Properties Inc
  • Ownership Type: Income/Investment
  • Photo Code: Broker Loaded
  • Remarks: Upstairs interior and basement and most of the exterior were recently re-painted, new lighting replaced upstairs, subway tile backsplash added, etc. Basement is expansive. Plenty of parking in garage, driveway and off street here. Both units are rented through July 28, 2020 and are $790/month at present. Units were leased prior to recent improvements and upon renewal, new owner has an opportunity for potential increases in rents. Buyer must agree to participate in 1031 like kind exchange, at no cost to buyer. Property is sold as-is and seller will not make repair or further improvements...property historically is easy to rent and the work is done. This property may also be packaged with 920 Hudson Ave, IC, MLS#20196071, for an improved price of $420,000.
  • Year Built: 1920
  • Tax Year Report: 2018
  • Subdivision: J W Clark's Addition
  • Directions: Jefferson Street to Evans Street.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to Shopping, Close to School, On Bus Line
  • Basement Remarks: Poured Concrete, Full
  • Fireplace Type Location: None
  • Kitchen Breakfast R: Island, Kit/Dining Rm Comb
  • Lot Description R: Less than .5 Acre, Level
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: Motivated seller for 1031 exchange - priced below current assessed value. This 1920's bungalow is currently permitted & rented as a duplex, but could be owner occupied or converted to a SFH. The front porch is delightful, & there are two units, one up & one down. Both units have a LR, KIT, 1 BA , & there are 2 BDR up/1 BDR down (3 total). Angled H/W floors, character, charm, tall ceilings & remodeled kitchens. Both units typically have rented easily w/ much demand, being close to campus & on a bus line.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Upper: 2
  • Number Bedrooms Main: 1
  • Sq Ft Above: 1625
  • Total Full Baths: 2
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Laundry Room, Basement
  • Mstr Br Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Porch

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

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

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Mann
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Mann

Lot Info

  • Acreage: 0.01
  • Geo Subdivision: IA
  • Lot Dimensions: 50 x 80
  • Zoning: res

Tax Info

  • Gross Tax County City: 3852
  • Assessor Parcel Number: 1011331009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2019
Closed on
Dec 3, 2019
Sold by
River City Properties Inc
Bought by
Hall Zachary Leigh and Hall Korey Marie
Seller's Agent
Julie Dancer
Lepic-Kroeger, REALTORS
Buyer's Agent
Julie Dancer
Lepic-Kroeger, REALTORS
List Price
$219,000
Sold Price
$179,900
Premium/Discount to List
-$39,100
-17.85%
Current Estimated Value
$291,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,311
Avg. Annual Appreciation
7.99%
Original Mortgage
$134,925
Outstanding Balance
$120,444
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$157,968
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
Hall Zachary Leigh $179,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Zachary Leigh $134,925
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2019 12/05/19 Sold $179,900 0.0% $111 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
10/30/2019 10/30/19 Price Changed $179,900 -5.3% $111 / Sq Ft
10/22/2019 10/22/19 Price Changed $189,900 -5.0% $117 / Sq Ft
09/27/2019 09/27/19 Price Changed $199,900 -8.7% $123 / Sq Ft
08/27/2019 08/27/19 For Sale $219,000 -- $135 / 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 $4,592 $244,100 $49,280 $194,820
2023 $4,270 $244,100 $49,280 $194,820
2022 $4,078 $196,960 $45,630 $151,330
2021 $4,132 $196,960 $45,630 $151,330
2020 $4,132 $191,070 $43,800 $147,270
2019 $3,852 $191,070 $43,800 $147,270
2018 $3,852 $175,320 $40,150 $135,170
2017 $3,736 $175,320 $40,150 $135,170
2016 $3,664 $169,990 $36,500 $133,490
2015 $3,664 $169,990 $36,500 $133,490
2014 $3,618 $167,300 $36,500 $130,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20195345

Iowa City Area Association of REALTORS®

APN: 1011331009