NOT LISTED FOR SALE

Estimated Value: $265,000 - $274,000

4 Beds
2 Baths
901 Sq Ft
$301/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $234,000 $260 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,808/month

5 Days on Market

About This Home

As of August 2021

Turnkey investment opportunity! Become a property investor with this duplex in Northwest Ames! Each unit offers two bedrooms, one full bathroom, and one half-bath. Both units feature a one car garage. The roof and siding are less than three years old. Currently, the exterior door locks are on a Kwikset Master Lock system. Duplexes are professionally managed, and 3 months of FREE management is being offered to any buyers, details on management services can be found at www.fettmanagement.com. Both units are leased through July of 2022.


*Interior photos are from a similar unit*

Last Listed By

Collin Fett

RE/MAX REAL ESTATE CENTER License #S63491 Listed on: 05/20/2021

RE/MAX REAL ESTATE CENTER

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,472

Year Built

1979

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.2
  • Lot Size: Regular
  • Architectural Style: 1 Story
  • Garage Yn: Yes
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Tile, Laminate, Carpet

Exterior Features

  • Construction Type: Vinyl
  • Foundation Details: Block

Garage/Parking

  • Keywords:Garage Capacity3: 2 Car
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 8792.0
  • Parcel #: 05-31-454-110
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Who Pays Trash: Tenant
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 1755.0

Tax Info

  • Tax Annual Amount: 2642.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Aug 6, 2021
Sold by
Lafayette William and Ng Clady P
Bought by
Weigel Patrick J and Weigel Sharon A
Seller's Agent
Collin Fett
RE/MAX REAL ESTATE CENTER
Buyer's Agent
Patrick Weigel
Hunziker & Assoc.-Ames
List Price
$240,000
Sold Price
$234,000
Premium/Discount to List
-$6,000
-2.5%
Total Days on Market
5
Current Estimated Value
$271,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,429
Avg. Annual Appreciation
5.57%
Original Mortgage
$85,657
Outstanding Balance
$79,121
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$208,370

Purchase Details

Closed on
Jun 10, 2018
Sold by
Youngberg Kirk W and Youngberg Lori R
Bought by
Lafayette William and Ng Cindy P

Purchase Details

Closed on
May 30, 2012
Sold by
Mjh Properties Llc
Bought by
Youngberg Kirk W and Youngberg Lori R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
3.87%
Mortgage Type
New Conventional

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
Weigel Patrick J $234,000 None Available
Lafayette William $220,000 --
Youngberg Kirk W $142,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weigel Patrick J $85,657
Closed Weigel Patrick J $85,657
Previous Owner Youngerberg Kirk W $99,500
Previous Owner Youngberg Kirk W $106,500
Previous Owner Youngberg Kirk W $106,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $234,000 -2.5% $260 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $240,000 -- $266 / Sq Ft
Source: Central Iowa 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 $3,472 $244,500 $40,200 $204,300
2023 $2,702 $244,500 $40,200 $204,300
2022 $2,668 $160,600 $40,200 $120,400
2021 $2,682 $160,600 $40,200 $120,400
2020 $2,642 $152,400 $38,100 $114,300
2019 $2,642 $152,400 $38,100 $114,300
2018 $2,662 $152,400 $38,100 $114,300
2017 $2,662 $152,400 $38,100 $114,300
2016 $2,366 $134,400 $34,600 $99,800
2015 $2,366 $134,400 $34,600 $99,800
2014 $2,414 $134,400 $34,600 $99,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 57682

APN: 05-31-454-110