Seller's Agent in 2025
Trent Forrest
Iowa Elite Marketing Group
(319) 541-0621
25 in this area
163 Total Sales
154 E Hilton St Marengo, IA 52301
5
Beds
3
Baths
2,538
Sq Ft
8,712
Sq Ft Lot
Highlights
- Living Room
- Property is near schools
- Heating System Mounted To A Wall or Window
About This Home
As of June 2025This 3-unit multi-family conversion offers a fantastic investment opportunity! Located near schools and downtown, this property is perfectly positioned for easy access to amenities and schools. The building features three units: • Unit 1: A 1-bedroom, 1-bath unit needing some finishing touches. It comes with new cabinets and stove ready for install, as well as fresh flooring throughout, making it a great project for a buyer looking to add value. • Unit 2: A spacious 2-bedroom, 1-bath unit, with long-term tenant. • Unit 3: A 2-bedroom, 1.5-bath unit with plenty of space and great potential for rental income, also has long term tenant. The roof was updated in 2020, ensuring long-term peace of mind. Whether you’re looking to complete the remodel and increase the value of the 1-bedroom unit or enjoy steady rental income from the other two, this property has a lot to offer. Don’t miss out on this great investment opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,205
Year Built
- Built in 1890
Parking
- 2 Parking Spaces
Home Design
- Frame Construction
Interior Spaces
- 2,538 Sq Ft Home
- Living Room
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Location
- Property is near schools
Schools
- Iowa Valley Elementary And Middle School
- Iowa Valley High School
Utilities
- Heating System Mounted To A Wall or Window
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 7328-2603-0
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $2,300
- Maintenance Expense $500
- Gross Income $19,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 3, 2025
Closed on
Jun 9, 2025
Sold by
Swift Matthew
Bought by
Charlie And Associates Llc
Seller's Agent
Trent Forrest
Iowa Elite Marketing Group
Buyer's Agent
Trent Forrest
Iowa Elite Marketing Group
List Price
$90,000
Sold Price
$68,500
Premium/Discount to List
-$21,500
-23.89%
Views
58
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
102.47%
Purchase Details
Closed on
Nov 1, 2017
Sold by
Olson Adam E and Olson Jennifer R
Bought by
Swift Matthew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,962
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $68,500 | None Listed On Document | |
| Warranty Deed | $68,500 | None Listed On Document | |
| Warranty Deed | $40,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $41,962 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $68,500 | -23.9% | $27 / Sq Ft |
| 06/02/2025 06/02/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | For Sale | $90,000 | -- | $35 / Sq Ft |
Source: Iowa City Area Association of REALTORS®
Tax History Compared to Growth
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 | $1,205 | $62,110 | $12,780 | $49,330 |
| 2023 | $1,097 | $62,110 | $12,780 | $49,330 |
| 2022 | $1,093 | $47,980 | $12,780 | $35,200 |
| 2021 | $1,191 | $47,980 | $12,780 | $35,200 |
| 2020 | $1,263 | $47,980 | $12,780 | $35,200 |
| 2019 | $1,447 | $47,980 | $12,780 | $35,200 |
| 2018 | $1,429 | $47,980 | $12,780 | $35,200 |
| 2017 | $1,449 | $47,980 | $12,780 | $35,200 |
| 2016 | $1,480 | $47,980 | $12,780 | $35,200 |
| 2015 | -- | $47,980 | $12,780 | $35,200 |
| 2014 | -- | $46,350 | $13,260 | $33,090 |
Source: Public Records
Agents Affiliated with this Home
-
Trent Forrest
-
Jake McLaughlin
Seller Co-Listing Agent in 2025
Jake McLaughlin
Iowa Elite Marketing Group
(515) 720-9653
9 in this area
61 Total Sales
Map
Source: Iowa City Area Association of REALTORS®
MLS Number: 202502198
APN: 73-28-2603-0
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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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