$50,000
SOLD JAN 24, 2025

1491 125th St Marengo, IA 52301

4 Beds
1 Bath
1,288 Sq Ft
2.14 Acres

Recently Sold

$39 Per Sq Ft

50% Below List Price

21 Days on Market

Highlights

  • Deck
  • No HOA
  • 1 Car Detached Garage
  • Main Floor Primary Bedroom
  • Formal Dining Room
  • Laundry Room

About This Home

As of January 2025

Great investment opportunity or sweat equity project! This home is situated on approximately two acres and has four outbuildings and a storage shed. Four bedrooms (one on the main level), bathroom, nice sized kitchen with a pantry, and a formal dining area. This property is in an estate and being sold “as is” with the seller making no repairs. 45 days required for closing due to the court approval processes. If buyer chooses inspections, there is a maximum of 5 business days to complete. In that situation, the 45 days starts from the end of that inspection period so everything can be submitted to the court in its final form. All contents in or on the property will not be removed by the seller, except, the camper, trailer and golf cart may be removed because of specific bequests to heirs. Any purchase offer lines that state it will need to be crossed through. Property is located in the 100 yr floodplain.

Last Agent to Sell the Property

Amanda Haugen

Realty87 Listed on: 08/09/2024

Realty87

Last Buyer's Agent

Amanda Haugen

Realty87 Listed on: 08/09/2024

Realty87

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,127

Year Built

  • Built in 1850

Parking

  • 1 Car Detached Garage

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,288 Sq Ft Home
  • Formal Dining Room
  • Partial Basement
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Schools

  • Iowa Valley Elementary And Middle School
  • Iowa Valley High School

Utilities

  • Heating System Uses Gas
  • Well

Additional Features

  • Deck
  • 2.14 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 000000071401049

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,127

Year Built

Built in 1850

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • ResoLaundryFeatures: Main Level
  • Lot Size Acres: 2.14
  • NAV29_Unit_1_Appliances: Range, Refrigerator
  • Co List Office Phone: 319-364-8121
  • MLS Status: Closed
  • Directions: Take 212th Blvd (212) to E Ave which turns into 125th St (located in Koszta)
  • Above Grade Finished Sq Ft: 1288.0
  • Reso Interior Features: Dining Area, Separate/Formal Dining Room, Main Level Primary
  • New Construction: No
  • ResoRoomType: Laundry
  • Year Built: 1850
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, Partial
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Construction Type: Frame, Wood Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Detached, Garage, See Remarks

Utilities

  • Sewer: Septic Tank
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Iowa Valley
  • High School: Iowa Valley
  • Middle Or Junior School: Iowa Valley

Lot Info

  • Lot Dimensions: 93,218
  • ResoLotSizeUnits: Acres
  • Parcel Number: 000000071401049
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1127.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Jan 14, 2025
Sold by
Cronbaugh Karen Kae
Bought by
Gorsch Terry Lee
Seller's Agent
Amanda Haugen
Realty87
Buyer's Agent
Amanda Haugen
Realty87
List Price
$100,000
Sold Price
$50,000
Premium/Discount to List
-$50,000
-50%
Views
48
Current Estimated Value
$114,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,000
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 Type Sale Price Title Company
Fiduciary Deed $50,000 None Listed On Document
Fiduciary Deed $50,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $50,000 -50.0% $39 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $100,000 -- $78 / Sq Ft
Source: Cedar Rapids 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 $532 $28,790 $28,790 $0
2023 $532 $28,790 $28,790 $0
2022 $448 $23,320 $23,320 $0
2021 $470 $25,170 $25,170 $0
2020 $436 $25,110 $25,110 $0
2019 $472 $25,110 $25,110 $0
2018 $468 $35,370 $35,370 $0
2017 $468 $35,370 $35,370 $0
2016 $320 $38,040 $38,040 $0
2015 -- $28,160 $28,160 $0
2014 -- $27,050 $27,050 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2405563

Cedar Rapids Area Association of REALTORS®

APN: 07-14-0104-7