1559-1672 Ponds Edge North Liberty, IA 52317
Estimated payment $20,648/month
Highlights
- Living Room
- Central Air
- Dining Room
About This Home
Perfect investment for a builder or developer. The property for sale is 9 condominium rental homes and 27 undeveloped condo lots. Two condo buildings are built and there is a potential to build four more condo buildings. Existing condo units rent at approximately $2,000/month, request Proforma and Rent Roll from the Listing Agent. Approximately $2,430,000 for the 9 condo units ($270,000/unit) and $1,255,000 for the 27 condo lots ($46,481/lot). Can only be sold as a package.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,084
Year Built
- Built in 2003
Parking
- 2 Parking Spaces
Interior Spaces
- Living Room
- Dining Room
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Schools
- Clear Creek Elementary And Middle School
- Clear Creek High School
Utilities
- Central Air
- Internet Available
Community Details
Overview
- 9 Units
- Nl Ponds Edge Subdivision
Building Details
- Insurance Expense $5,100
- Maintenance Expense $9,000
- Gross Income $216,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,084 | $182,300 | $10,000 | $172,300 |
| 2023 | $3,480 | $182,300 | $10,000 | $172,300 |
| 2022 | $3,430 | $175,500 | $10,000 | $165,500 |
| 2021 | $3,434 | $175,500 | $10,000 | $165,500 |
| 2020 | $3,434 | $167,200 | $10,000 | $157,200 |
| 2019 | $3,394 | $167,200 | $10,000 | $157,200 |
| 2018 | $3,324 | $167,200 | $10,000 | $157,200 |
| 2017 | $3,180 | $167,200 | $10,000 | $157,200 |
| 2016 | $3,094 | $154,400 | $10,000 | $144,400 |
| 2015 | $3,094 | $154,400 | $10,000 | $144,400 |
| 2014 | $2,776 | $143,100 | $10,000 | $133,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2024 10/23/24 | Price Changed | $3,685,000 | 0.0% | -- |
| 10/23/2024 10/23/24 | Price Changed | $3,685,000 | +900.0% | -- |
| 10/23/2024 10/23/24 | For Sale | $368,500 | 0.0% | -- |
| 10/23/2024 10/23/24 | For Sale | $368,500 | -- | -- |
Source: Iowa City Area Association of REALTORS®
MLS Number: 202405989
APN: 0602412006
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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