NOT LISTED FOR SALE

Estimated Value: $93,505 - $131,000

4 Beds
4 Baths
1,216 Sq Ft
$86/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $73,000 $60 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $706/month

102 Days on Market

Highlights

  • City View
  • Porch
  • Forced Air Heating System

About This Home

As of May 2019

This is a great money maker...The units are all one bedroom units with separate living rooms, bedroom and kitchens. The units have updates....solid basement.....parking for tenants at the back of the 4 plex off the alley. Each unit has had some recent updates.

Last Agent to Sell the Property

Gale Shinkle

Trapp & Associates License #B29083000 Listed on: 01/06/2019

Trapp & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1896

Lot Details

  • 5,670 Sq Ft Lot
  • Lot Dimensions are 45x126

Home Design

  • Quadruplex
  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • City Views
  • Interior Basement Entry

Laundry

  • Laundry on lower level
  • Washer and Gas Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • No Garage
  • Off-Site Parking

Outdoor Features

  • Porch

Schools

  • Lowell Elementary School
  • Bunger Middle School
  • West High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 891325352007

Community Details

Overview

  • 4 Units
  • Hammond & Hurds Subdivision

Building Details

  • Electric Expense $2,000
  • Water Sewer Expense $1,400
  • Operating Expense $2,000
  • Gross Income $24,960
  • Net Operating Income $15,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Parcel Number: 891325352007
  • Year Built: 1896
  • Property Sub-Type: Fourplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Dryer Hookup-Gas, Lower Level, Washer Hookup
  • ResoLotFeatures: City View
  • Lot Size Acres: 0.13
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-277-2121
  • MLS Status: Closed
  • Subdivision Name: Hammond & Hurds Subdivision
  • Above Grade Finished Sq Ft: 1216
  • Architectural Style: Two Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Entrance-Inside
  • Below Grade Sq Ft: 1209

Exterior Features

  • Construction Type: Aluminum Siding
  • Exterior Features: Porch
  • Siding: Aluminum

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: None, Off Site

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Garbage in Rent, Separate Meters, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 1400

Schools

  • Elementary School: Lowell
  • High School: West High
  • Middle Or Junior School: Bunger

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 45x126
  • Lot Size Sq Ft: 5670
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Month To Month

Multi Family

  • Gross Income: 24960
  • Operating Expense: 2000
  • Number Of Units Total: 4
  • Electric Expense: 2000
  • Net Operating Income: 15560

Tax Info

  • Tax Annual Amount: 1864

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2020
Sold by
Zahnow Gary C and Zahnow Victoria R
Bought by
Forest Associates Llc
Current Estimated Value
$104,126

Purchase Details

Listed on
Jan 6, 2019
Closed on
May 22, 2019
Sold by
Aguilar Esther and Aguilar Francisco
Bought by
Zahnow Gary C and Zahnow Victoria R
Seller's Agent
Gale Shinkle
Trapp & Associates
List Price
$77,000
Sold Price
$73,000
Premium/Discount to List
-$4,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%

Purchase Details

Listed on
Mar 25, 2015
Closed on
Jun 30, 2015
Sold by
Almabuk Radhi Hasan and Rudin Sheila K
Bought by
Aguilar Esther
Seller's Agent
Gale Shinkle
Trapp & Associates
List Price
$69,900
Sold Price
$65,000
Premium/Discount to List
-$4,900
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.05%
Original Mortgage
$52,000
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Forest Associates Llc $131,500 None Listed On Document
Zahnow Gary C $73,000 --
Aguilar Esther $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aguilar Esther $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $73,000 -5.2% $60 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
01/06/2019 01/06/19 For Sale $77,000 +18.5% $63 / Sq Ft
06/30/2015 06/30/15 Sold $65,000 -7.0% $53 / Sq Ft
05/06/2015 05/06/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $69,900 -- $57 / Sq Ft
Source: Northeast Iowa Regional 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 $1,666 $83,370 $9,820 $73,550
2023 $1,296 $83,370 $9,820 $73,550
2022 $1,486 $59,050 $6,550 $52,500
2021 $1,672 $59,050 $6,550 $52,500
2020 $1,774 $59,050 $6,550 $52,500
2019 $77 $52,500 $0 $52,500
2018 $1,941 $52,500 $0 $52,500
2017 $2,047 $52,500 $0 $52,500
2016 $2,082 $52,640 $0 $52,640
2015 $2,082 $52,640 $0 $52,640
2014 $2,210 $59,190 $6,550 $52,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20190107

Northeast Iowa Regional Board of REALTORS®

APN: 8913-25-352-007