NOT LISTED FOR SALE

1305 540th St SW Wellman, IA 52356

Estimated Value: $226,141 - $250,000

2 Beds
1.5 Baths
1,512 Sq Ft
$157/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $245,000 $162 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,526/month

27 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Dining Room
  • Open Lot
  • Porch
  • Ceiling Fan

About This Home

As of March 2024

Pink house acreage... on a hard surface road. Main floor bedroom with attached half bath. Quaint home with lots of character. A loft area for studio space. Great opportunity to update and make your own. The perfect spot for a hobby farm.

Last Listed By

Maria McCaw

Urban Acres Real Estate Corridor Listed on: 02/01/2024

Urban Acres Real Estate Corridor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,536

Year Built

  • Built in 1937

Lot Details

  • 8.25 Acre Lot
  • Open Lot

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,512 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Unfinished Basement
  • Laundry in Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main

Outdoor Features

  • Porch

Schools

  • Mid Prairie Elementary And Middle School
  • Mid Prairie High School

Utilities

  • Heating System Uses Propane
  • Private Water Source
  • Private or Community Septic Tank
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1329126003

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,536

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1512
  • Homebuilder: unknown
  • Owner Name L F Mi: Kristina Collora Pearson Estate
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Remarks: This property must have court approval, please allow 3 weeks time minimum. Estate - disclosures are exempt Property to be sold "as-is" All offers require 4 day response time. Realtor is related to the Seller.
  • Year Built: 1937
  • Tax Year Report: 2022
  • Directions: 540th St West
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: None
  • Basement Remarks: Unfinished
  • Fireplace Type Location: In Living Room
  • Interior R: Other
  • Kitchen Breakfast R: None
  • Lot Description R: 5+ Acres, Open Land
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2661
  • Remarks2: Pink house acreage... on a hard surface road. Main floor bedroom with attached half bath. Quaint home with lots of character. A loft area for studio space. Great opportunity to update and make your own. The perfect spot for a hobby farm.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Range/Oven
  • Number Bedrooms Upper: 1
  • Number Bedrooms Main: 1
  • Sq Ft Above: 1512
  • Total Full Baths: 1
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Basement
  • Mstr Br Level: Main
  • Number of Fireplaces: 1
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Porch

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

  • Internet: Yes
  • Water Sewer: Private Water, Private Septic
  • Heating Cooling: Ceiling Fans, Propane

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Mid Prairie
  • Middle School: Mid Prairie
  • High School: Mid Prairie
  • High School: Mid Prairie
  • Jr Middle School: Mid Prairie
  • Elementary School: Mid Prairie

Lot Info

  • Acreage: 8.25
  • Geo Subdivision: IA
  • Zoning: residential

Tax Info

  • Gross Tax County City: 2804
  • Assessor Parcel Number: 1329126003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 21, 2024
Sold by
Collora Pearson Kristina G and Collora Samuel C
Bought by
Grant Colleen A
Seller's Agent
Maria McCaw
Urban Acres Real Estate Corridor
Buyer's Agent
Natasha Wendt
Urban Acres Real Estate
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Total Days on Market
27
Views
68
Current Estimated Value
$237,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,715
Avg. Annual Appreciation
-2.82%
Original Mortgage
$196,000
Outstanding Balance
$194,232
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$43,053

Purchase Details

Closed on
Dec 1, 2022
Sold by
Richardson Jeremy and Richardson Paula K
Bought by
Pearson Kristina Collora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.95%
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
Grant Colleen A $245,000 None Listed On Document
Pearson Kristina Collora $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Colleen A $196,000
Previous Owner Pearson Kristina Collora $148,000
Previous Owner Richardson Jeremy Lloyd $100,000
Previous Owner Richardson Jeremy L $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $245,000 -2.0% $162 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $250,000 -- $165 / 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 $2,536 $222,300 $119,400 $102,900
2023 $2,804 $226,500 $119,400 $107,100
2022 $2,770 $204,000 $109,300 $94,700
2021 $2,836 $204,000 $109,300 $94,700
2020 $2,836 $199,000 $109,300 $89,700
2019 $2,582 $199,000 $109,300 $89,700
2018 $2,554 $178,800 $109,300 $69,500
2017 $2,654 $178,800 $109,300 $69,500
2016 $2,544 $176,800 $109,300 $67,500
2015 $2,544 $176,800 $109,300 $67,500
2014 $2,046 $142,500 $80,300 $62,200
Source: Public Records

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202400850

Iowa City Area Association of REALTORS®

APN: 1329126003