NOT LISTED FOR SALE

Estimated Value: $181,121

Studio
1 Bath
3,760 Sq Ft
$48/Sq Ft Est. Value

Sale Details

Date Sold: January 13, 2025

Last sale price $110,000 $29 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,175 / mo

185 Days on Market

About This Home

As of January 2025

Presenting a well-maintained 3-unit building with an additional commercial space, perfect for savvy investors looking to capitalize on rental income. Each of the three spacious residential units features 2 bedrooms and 1 bathroom, collectively generating $25,000 annually with potential for rent increases. Key Highlights: Total Units: 3 residential + 1 commercial Annual Income: $25,000 from apartments alone Unit Features: All residential units 2 bed / 1 bath Expenses: Tenants cover all their utilities and expenses. Owner responsible for taxes, insurance, and some utilities. Upside Potential: Opportunity to increase rental rates for added revenue & renting out Commercial space. Don't miss out on this excellent income-generating property with potential for growth. Seller prefers to sell this property along with 1551 & 1571 Bluff.

Last Agent to Sell the Property

Mike Vaupel

EXIT Realty Driftless Group Listed on: 05/17/2024

EXIT Realty Driftless Group

Last Buyer's Agent

Outside MLS

UNKNOWN OFFICE

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 6,011

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2-Story Property
  • Partial Basement
  • Range

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Listing and Financial Details

  • Tenant pays for electric, heat, trash, water
  • Assessor Parcel Number 1024329038

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $2,477
  • Utility Expense $300
  • Real Estate Tax Expense $2,972
  • Net Operating Income $24,251

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

6,011 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Style: 2 Story
  • Style2: 2 Story
  • Type: 5 Or More Units
  • Year Built: 1880
  • Lvt Date: 05/17/2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Estimated Total Above Ground Sq Ft: 3760
  • Estimated Finished Sq Ft: 3760
  • Estimated Sq Ft: 3760
  • Estimated Main Sq Ft: 1880
  • Estimated Upper Sq Ft: 1880
  • Basement: Partial

Exterior Features

  • Foundation: Block
  • Roof: Asp/Composite Shingle
  • Siding: Brick

Garage/Parking

  • Parking: Off Street, On Street

Utilities

  • Cooling: Wall Unit
  • Fuel Type: Electric

Lot Info

  • Parcel Id Number: 1024329038
  • Zoning: C; M

Rental Info

  • Tenant Pays: Electric, Heat, Trash, Water

Multi Family

  • Number Of Units: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jan 8, 2025
Sold by
1499 Bluff Realty Llc
Bought by
Seller's Agent
Mike Vaupel
EXIT Realty Driftless Group
Buyer's Agent
Outside MLS
UNKNOWN OFFICE
List Price
$230,000
Sold Price
$110,000
Premium/Discount to List
-$120,000
-52.17%
Views
36
Current Estimated Value
$181,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,121
Original Mortgage
$528,000
Outstanding Balance
$520,005
Interest Rate
6.81%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 29, 2021
Closed on
Jan 20, 2022
Sold by
Tri-Corner Properties Llc
Bought by
Maiers Terrance J and Maiers Rae Ann
Seller's Agent
Mike Vaupel
EXIT Realty Driftless Group
Buyer's Agent
Mike Vaupel
EXIT Realty Driftless Group
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.82%
Original Mortgage
$160,000
Interest Rate
3.11%
Mortgage Type
New Conventional
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$110,000 None Listed On Document
Maiers Terrance J -- Drake Law Firm Pc
1499 Bluff Realty Llc $160,000 None Listed On Document
1499 Bluff Realty Llc $160,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $528,000
Previous Owner 1499 Bluff Realty Llc $160,000
Previous Owner 1499 Bluff Realty Llc $120,000
Previous Owner Maiers Terrance J $505,000
Previous Owner Maiers Terrance J $808,921
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2025 01/13/25 Sold $110,000 -52.2% $29 / Sq Ft
01/10/2025 01/10/25 For Sale $230,000 +109.1% $61 / Sq Ft
11/18/2024 11/18/24 Off Market $110,000 -- --
11/18/2024 11/18/24 Pending -- -- --
08/27/2024 08/27/24 Price Changed $230,000 -13.5% $61 / Sq Ft
08/08/2024 08/08/24 For Sale $266,000 0.0% $71 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $266,000 +66.3% $71 / Sq Ft
01/20/2022 01/20/22 Sold $160,000 0.0% $43 / Sq Ft View Prior Sale
11/29/2021 11/29/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $160,000 -- $43 / Sq Ft
Source: East Central Iowa Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,842 $1,067,842 $601,480 $466,362
2025 $14,006 $1,046,905 $589,687 $457,218
2024 $14,006 $1,026,378 $578,125 $448,253
2023 $14,006 $1,006,254 $566,790 $439,464
2022 $13,058 $940,446 $555,677 $384,769
2021 $12,762 $922,007 $544,782 $377,225
2020 $12,408 $912,554 $539,196 $373,358
2019 $12,117 $894,662 $528,624 $366,038
2018 $11,982 $877,120 $518,259 $358,861
2017 $11,878 $859,923 $508,098 $351,825
2016 $11,289 $843,063 $498,136 $344,927
2015 $11,217 $830,400 $490,654 $339,746
2014 $10,754 $814,134 $481,043 $333,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: ECR149444

East Central Iowa Association of REALTORS®

APN: 10-24-329-038

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