NOT LISTED FOR SALE

1406 Mcpherson Ave Council Bluffs, IA 51503

McPherson Hills Neighborhood

Estimated Value: $606,000 - $668,000

10 Beds
9 Baths
4,246 Sq Ft
$148/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $586,000 $138 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,270/month

2 Days on Market

About This Home

As of July 2021

This meticulously maintained property is a turnkey investment! The 5 duplexes are situated on a quiet wooded lot giving the tenants a serene and peaceful place to call home. Each of the buildings has newer roof, as well as low maintenance vinyl siding, & windows The units have been tastefully updated with newer cabinetry, nice kitchen appliances, fresh floor coverings and modern full baths. Not only is this a turn key investment, the cash flows are impressive as well. Due to the close care and attention of the current owner maintenance expenses are low and vacancy is virtually non-existent. You could increase revenues by swapping the currently free laundry facilities out for coin-operated machines, building storage spaces in the two unfinished basements, or leasing out the garage.

Last Agent to Sell the Property

Mark Hanwright

Heartland Properties License #B61001000 Listed on: 06/30/2021

Last Buyer's Agent

Kim Swanson

BHHS Ambassador Real Estate License #S65699000

BHHS Ambassador Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,510

Year Built

  • Built in 1940

Lot Details

  • 0.71

Parking

  • 1 Car Garage

Home Design

  • Frame Construction
  • Composition Roof

Schools

  • College View Elementary School
  • Gerald W Kirn Middle School
  • Abraham Lincoln High School

Additional Features

  • 1-Story Property
  • Window Unit Cooling System

Listing and Financial Details

  • The owner pays for electric, water, gas, garbage

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,510

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Inspections: City Inspected
  • Miscellaneous: Security Deposit
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Stories: One
  • Appliances: Dryer, Window A/C, Washer, Stove, Refrigerator, Other
  • Features: Carpets, W/D Hookups, Private Entrance, Patio, Other, Extra Storage, Decks

Beds/Baths

  • Half Bathrooms: None
  • Full Bathrooms: 9+
  • Sleeping Rooms: 9+

Exterior Features

  • Roof: Composition
  • Exterior: Frame

Garage/Parking

  • Garage: 1
  • Parking: 11 - 15

Utilities

  • Heat Cooling: Other, Window A/C
  • Utilities Paid by Owner: Electric, Water, Gas, Garbage
  • Utilities Paid by Renter: None

Schools

  • School District: Council Bluffs
  • Elementary School: College View
  • Middle School: Gerald W Kirn
  • High School: Abraham Lincoln
  • Elementary School: College View
  • High School: Abraham Lincoln
  • Jr High: Gerald W Kirn
  • School District: Council Bluffs

Lot Info

  • Lot Size: 0.71 Acres

Building Info

  • Year Built: 1940
  • Building Sq Ft: 4246.00

Tax Info

  • Current REIDS Year Paid: N/A
  • Gross Taxes: 8808.00
  • Net Taxes: 8808.00
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Jul 27, 2021
Sold by
Mcpartland Karen L
Bought by
Met Properties Llc
Seller's Agent
Mark Hanwright
Heartland Properties
Buyer's Agent
Kim Swanson
BHHS Ambassador Real Estate
List Price
$585,000
Sold Price
$586,000
Premium/Discount to List
$1,000
0.17%
Current Estimated Value
$619,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,939
Avg. Annual Appreciation
3.56%
Original Mortgage
$439,500
Outstanding Balance
$123,557
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$551,456

Purchase Details

Closed on
Aug 9, 2004
Sold by
Mcpartland Karen L
Bought by
Mcpartland Karen L and Karen L Mcpartland Revocable Living Tr
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 Buyer Sale Price Title Company
Met Properties Llc $586,000 Accommodation
Mcpartland Karen L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Met Properties Llc $439,500
Previous Owner Mcpartland Karen L $40,000
Previous Owner Mcpartland Karen L $79,855
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $586,000 +0.2% $138 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $585,000 -- $138 / Sq Ft
Source: Southwest 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 $10,510 $527,200 $88,300 $438,900
2023 $10,510 $527,200 $88,300 $438,900
2022 $7,892 $309,300 $76,900 $232,400
2021 $11,987 $285,600 $76,900 $208,700
2020 $8,808 $274,100 $76,900 $197,200
2019 $8,966 $274,100 $76,900 $197,200
2018 $9,454 $264,700 $76,900 $187,800
2017 $9,396 $254,300 $79,900 $174,400
2015 $9,836 $254,300 $79,900 $174,400
2014 $9,274 $230,000 $35,535 $194,465
Source: Public Records

Agents Affiliated with this Home

  • Mark Hanwright

    Seller's Agent in 2021

    Mark Hanwright

    Heartland Properties

    (402) 516-6670

    2 in this area

    254 Total Sales

    Section Image
  • Kim Swanson

    Buyer's Agent in 2021

    Kim Swanson

    BHHS Ambassador Real Estate

    (402) 968-2690

    1 in this area

    61 Total Sales

    Section Image
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Map

Source: Southwest Iowa Association of Realtors®

MLS Number: 21-1223

Southwest Iowa Association of Realtors®

APN: 7543-29-303-001

Iowa Pottawattamie County Council Bluffs 51503 McPherson Hills

1406 Mcpherson Ave, Council Bluffs, IA

This home is located at 1406 Mcpherson Ave, Council Bluffs, IA 51503 since 30 June 2021 and is currently estimated at $629,307, approximately $148 per square foot. This property was built in 1940. 1406 Mcpherson Ave is a home located in Pottawattamie County with nearby schools including College View Elementary School, Gerald W. Kirn Middle School, and Abraham Lincoln High School.

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.

Southwest Iowa Association of Realtors® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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