NOT LISTED FOR SALE

1503 12th Ave SE Spencer, IA 51301

Estimated Value: $451,000 - $515,000

5 Beds
6 Baths
3,132 Sq Ft
$151/Sq Ft Est. Value

Last Sold June 24, 2020

Last sale price $380,000 $121 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,030/month

252 Days on Market

Highlights

  • Built in 2016 | Newly Remodeled
  • 62,354 Sq Ft lot
  • Contemporary Architecture
  • Spencer Middle School Rated 9+
  • Deck
  • Whirlpool Bathtub

About This Home

As of June 2020

PRICE REDUCTION! Spacious five bedroom, six bath home. Gourmet kitchen featuring top of the line stainless appliances opens to large dining and living area. Master suite features a gorgeous jetted tub and walk in tiled shower, both with heated floors. Large upper level family room. Upper level and lower level laundry rooms for your convenience. Three season room, deck and rear patio offer plenty of spots to kick back and enjoy the country views. Additional space including a bath and laundry room in lower level with egress windows. Two separate HVAC systems. Oversized three car garage. Additional lot not incorporated into city limits adjoins property and available for purchase.

Last Agent to Sell the Property

Barbara Workman Schneider

RE/MAX Real Estate Partners LLC License #B24909 Listed on: 08/05/2019

RE/MAX Real Estate Partners LLC

Last Buyer's Agent

Kim Bates

Northwest Iowa Realty License #B41316

Northwest Iowa Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $368

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 1.43 Acre Lot
  • Lot Dimensions are 171 x 351

Parking

  • 3 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,132 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Whirlpool Bathtub

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 001963620151015

Home Details

Home Type

Single Family

Est. Annual Taxes

$368

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family Residence
  • Year Built: 2016
  • Levels: Two
  • Stories: 2
  • Architectural Style: Contemporary
  • Property Condition: New Construction
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 6
  • Bathroom Description: 3/4 Basement, Full Master, Main Floor 1/2 Bath, Private Master, Upper Level Bath, Whirlpool
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Appliances: Disposal, Exhaust Fan/Hood, Range/Stove, Refrigerator
  • Price Per S Q F T: 121.33
  • Total Sq Ft: 3584
  • Above Grade Finished: 3584
  • Finished Sq Ft: 3132
  • Basement Features: Egress Windows, Finished-Partial

Exterior Features

  • Construction: Frame/Wood
  • Construction Materials: Vinyl Siding
  • Exterior Features: Deck, Patio, Porch
  • Flood Zone: No
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Type: Attached
  • Garage Size: 28 x 40
  • Garage Spaces: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public/City

Lot Info

  • Parcel Number: 001963620151015
  • Estimated Acres: 1.4
  • Estimated Lot Dimensions: 171 x 351
  • Lot Sq Ft: 62354
  • New Development: Yes

Rental Info

  • Furnished: No

Tax Info

  • Tax Amount: 368
  • Tax Classification: Non-Homestead
  • Tax Year: 2017

MLS Schools

  • School District: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2019
Closed on
Jun 23, 2020
Sold by
Orwig Ervin E and Orwig Deanna R
Bought by
Keith David S and Keith Julie Ann
Seller's Agent
Barbara Workman Schneider
RE/MAX Real Estate Partners LLC
Buyer's Agent
Kim Bates
Northwest Iowa Realty
List Price
$475,000
Sold Price
$380,000
Premium/Discount to List
-$95,000
-20%
Current Estimated Value
$474,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,406
Avg. Annual Appreciation
4.12%
Original Mortgage
$304,000
Outstanding Balance
$268,965
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$205,441
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Keith David S $380,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keith David S $304,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2020 06/24/20 Sold $380,000 -20.0% $121 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
08/05/2019 08/05/19 For Sale $475,000 -- $152 / Sq Ft
Source: Iowa Great Lakes 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
2025 $6,440 $454,010 $44,770 $409,240
2024 $6,440 $412,550 $34,530 $378,020
2023 $6,524 $412,550 $34,530 $378,020
2022 $6,146 $379,220 $34,530 $344,690
2021 $5,844 $352,840 $34,530 $318,310
2020 $5,844 $310,320 $29,420 $280,900
2019 $5,566 $303,430 $0 $0
2018 $2,314 $128,120 $0 $0
2017 $2,314 $19,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 191202

Iowa Great Lakes Board of REALTORS®

APN: 9636-20-151-015