$162,000
SOLD FEB 28, 2025

123 1st Ave W Dyersville, IA 52040

-- Bed
-- Bath
2,480 Sq Ft
3,790 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

4% Below List Price

1 Day on Market

Highlights

  • Forced Air Heating and Cooling System
  • Drexler Middle - Intermediate School Rated A-
  • Wood Siding

About This Home

As of February 2025

Investor alert! Nice up/down duplex. Fully rented, tenants pay all utilities. New metal roof and gutters. Lots of great updates. Seller has IA real estate license.

Last Agent to Sell the Property

Elizabeth Sheets

EXIT Unlimited Listed on: 01/10/2025

EXIT Unlimited

Last Buyer's Agent

Steve Besler

EXIT Unlimited

EXIT Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,704

Year Built

  • Built in 1900

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partial Basement
  • Range

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available

Listing and Financial Details

  • Tenant pays for gas, water, electric, heat, trash
  • Assessor Parcel Number 0731137004

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,000
  • Real Estate Tax Expense $1,700
  • Net Operating Income $16,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,704

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: 2 Story
  • Style2: 1.5 Story
  • Type: Duplex
  • Year Built: 1900
  • Lvt Date: 01/12/2025
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • Estimated Total Above Ground Sq Ft: 2480
  • Estimated Finished Sq Ft: 2480
  • Estimated Sq Ft: 2480
  • Estimated Main Sq Ft: 1584
  • Estimated Upper Sq Ft: 896
  • Basement: Partial

Exterior Features

  • Foundation: Rock
  • Roof: Metal, Rubber
  • Siding: Brick, Vinyl, Wood

Garage/Parking

  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas
  • Heat Type: Forced Air

Schools

  • Elementary School: Dyersville of W.D.
  • Middle School: Drexler-Farley of W.D.
  • High School: Western Dubuque-Epworth

Lot Info

  • Parcel Id Number: 0731137004
  • Zoning: R

Rental Info

  • Tenant Pays: Gas, Water, Electric, Heat, Trash

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2025
Closed on
Feb 28, 2025
Sold by
Ea Vorwald Llc
Bought by
Miller Sam
Seller's Agent
Elizabeth Sheets
EXIT Unlimited
Buyer's Agent
Steve Besler
EXIT Unlimited
List Price
$169,000
Sold Price
$162,000
Premium/Discount to List
-$7,000
-4.14%
Views
2
Current Estimated Value
$152,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,705
Avg. Annual Appreciation
-17.39%
Original Mortgage
$145,800
Outstanding Balance
$145,686
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$4,970

Purchase Details

Closed on
Mar 18, 2022
Sold by
Gassmann James P and Gassmann Wendy J
Bought by
Ea Vorwald Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,375
Interest Rate
3.39%
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 Type Sale Price Title Company
Warranty Deed $162,000 None Listed On Document
Warranty Deed $92,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $145,800 New Conventional
Previous Owner $69,375 New Conventional
Previous Owner $26,041 Commercial
Previous Owner $40,800 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $162,000 -4.1% $65 / Sq Ft
01/11/2025 01/11/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $169,000 -- $68 / Sq Ft
Source: East Central Iowa 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 $1,704 $129,800 $13,200 $116,600
2023 $1,704 $129,800 $13,200 $116,600
2022 $1,480 $74,290 $16,900 $57,390
2021 $1,480 $74,290 $16,900 $57,390
2020 $1,402 $66,910 $16,900 $50,010
2019 $1,262 $66,910 $16,900 $50,010
2018 $1,252 $57,390 $12,070 $45,320
2017 $1,256 $57,390 $12,070 $45,320
2016 $1,302 $55,440 $11,390 $44,050
2015 $944 $58,750 $11,390 $47,360
2014 $954 $56,310 $11,390 $44,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: 151178

East Central Iowa Association of REALTORS®

APN: 07-31-137-004