Seller's Agent in 2024
Derek Gates
Ottumwa Realty
(641) 683-7653
71 Total Sales
131 N Willard St Ottumwa, IA 52501
--
Bed
--
Bath
1,552
Sq Ft
8,712
Sq Ft Lot
About This Home
As of October 2024Step 1- Call your financial institution and get a pre-approval letter. Step 2- Call a Realtor. Step 3- Start making money month 1 on this investment property. Owner is also selling 102 S Davis Ottumwa IA 52501 Discover an incredible investment opportunity with this triplex, generating a steady monthly gross income of $1,465 per month. This property offers a great return on investment and is perfect for both seasoned investors and those new to real estate. Property Details: -1st floor 1 bedroom apartment with garage access $465 -1st floor Efficiency apartment $425 no garage access -2nd floor 1 bedroom $575 no garage access Expenses: -Owner pays water, trash, and gas for entire triplex. There are 2 electrical services owner pays for the first floor electric that is for both 1st floor units and upstairs electric is separate and is paid for by the tenant This triplex offers a balanced blend of convenience and profitability. Don’t miss out on this fantastic opportunity to add a high-performing asset to your portfolio. Schedule a viewing today and take the first step towards financial freedom
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $994
Year Built
- Built in 1920
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
Parking
- 2 Car Garage
Home Design
- 1,552 Sq Ft Home
- Triplex
Utilities
- Forced Air Heating System
Additional Features
- Unfinished Basement
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $226
- Fuel Expense $88
- Insurance Expense $60
- Gross Income $1,465
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2024
Closed on
Oct 30, 2024
Sold by
Bradley Scott A
Bought by
Troncomobiles Llc
Seller's Agent
Derek Gates
Ottumwa Realty
Buyer's Agent
Derek Gates
Ottumwa Realty
List Price
$75,000
Sold Price
$63,000
Premium/Discount to List
-$12,000
-16%
Views
155
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,813
Avg. Annual Appreciation
-5.64%
Original Mortgage
$50,400
Outstanding Balance
$50,151
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$9,710
Purchase Details
Listed on
May 21, 2024
Closed on
Sep 30, 2024
Sold by
Fleming Gregory J
Bought by
Troncomobiles Llc
Seller's Agent
Derek Gates
Ottumwa Realty
Buyer's Agent
Derek Gates
Ottumwa Realty
List Price
$75,000
Sold Price
$63,000
Premium/Discount to List
-$12,000
-16%
Views
155
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Outstanding Balance
$50,151
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$9,710
Purchase Details
Closed on
Apr 16, 2014
Sold by
Troyer Loren L and Troyer Katherine A
Bought by
Fleming Gregory J and Bradley Scott A
Purchase Details
Closed on
Nov 12, 1980
Sold by
Davis Eva J
Bought by
Troyer Loren L and Troyer Kathrine A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $31,500 | None Listed On Document | |
| Fiduciary Deed | $31,500 | None Listed On Document | |
| Warranty Deed | $29,000 | None Available | |
| Warranty Deed | $27,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,400 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $63,000 | -13.1% | $41 / Sq Ft |
| 08/11/2024 08/11/24 | Pending | -- | -- | -- |
| 07/04/2024 07/04/24 | Price Changed | $72,500 | -3.3% | $47 / Sq Ft |
| 05/21/2024 05/21/24 | For Sale | $75,000 | -- | $48 / Sq Ft |
Source: NoCoast MLS
Tax History Compared to Growth
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 | $898 | $41,390 | $7,920 | $33,470 |
| 2023 | $994 | $41,390 | $7,920 | $33,470 |
| 2022 | $702 | $41,630 | $7,920 | $33,710 |
| 2021 | $703 | $25,140 | $9,900 | $15,240 |
| 2020 | $796 | $23,910 | $9,900 | $14,010 |
| 2019 | $828 | $23,910 | $0 | $0 |
| 2018 | $862 | $23,910 | $0 | $0 |
| 2017 | $886 | $23,500 | $0 | $0 |
| 2016 | $910 | $23,500 | $0 | $0 |
| 2015 | $950 | $23,500 | $0 | $0 |
| 2014 | -- | $23,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Derek Gates
Map
Source: NoCoast MLS
MLS Number: NOC6317579
APN: 007417210118000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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