NOT LISTED FOR SALE

1806 2nd St Nevada, IA 50201

Estimated Value: $215,000 - $264,000

4 Beds
2 Baths
1,712 Sq Ft
$141/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $215,000 $126 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,516/month

22 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Central Elementary School Rated A-
  • 1-Story Property
  • Carpet

About This Home

As of May 2024

Check out this well-maintained, clean duplex for sale!
This location is fast and convenient, it's just two blocks north of Old Lincoln Highway. It's an easy commute to work for offices located outside of Nevada.
The unit on the right side is currently vacant; it's clean and bright, and ready for a new tenant or owner. Here's a great opportunity to live in your own duplex! Did you know there are owner-occupied loans available that only require a 5% down payment?
The left unit is occupied by a reliable tenant that's lived there for 10+ years!
There are 2 attached single car garages, separating the two units - which is great for privacy.
Plenty of parking available on the large driveway.
Maintenance-free vinyl siding. Half the windows/sliding doors are newer.
Tenant pays for all utilities. All appliances included.

Last Agent to Sell the Property

Angie Shirk-Tewes

Platinum Realty License #B41685 Listed on: 03/02/2024

Platinum Realty

Last Buyer's Agent

Marc Olson

RE/MAX Concepts-Nevada License #B56203

RE/MAX Concepts-Nevada

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,896

Year Built

  • Built in 1992

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 60x140

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,712 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 11-06-325-700

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • (2) Fridge,(2) Washer/Dryer (2) Dishwashers, (2) Association

Building Details

  • Gross Income $17,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,896

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.19
  • Lot Size: 60x140
  • Directions: From Old Lincoln Highway, turn north onto 2nd Street. Go north about 2 blocks. It is at the corner of R Ave and 2nd.
  • Garage Yn: Yes
  • Unit Levels: One
  • Year Built: 1992
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Floor:Carpet: Yes
  • Floor:Laminate: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Slab: Yes
  • Special Features: None

Interior Features

  • Has Basement: None
  • Flooring: Vinyl, Laminate, Carpet
  • Basement:None3: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2.0
  • Keywords:Garage Type3: Attached
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Name: (2) fridge,(2) washer/dryer (2) dishwashers, (2)
  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Nevada

Lot Info

  • Lot Size Sq Ft: 8400.0
  • Parcel #: 11-06-325-700
  • Zoning: R

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 17700.0

Tax Info

  • Tax Annual Amount: 2896.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2024
Closed on
May 31, 2024
Sold by
Lennon David M
Bought by
Unknown
Seller's Agent
Angie Shirk-Tewes
Platinum Realty
Buyer's Agent
Marc Olson
RE/MAX Concepts-Nevada
List Price
$229,900
Sold Price
$215,000
Premium/Discount to List
-$14,900
-6.48%
Views
54
Current Estimated Value
$241,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,373
Avg. Annual Appreciation
7.40%
Original Mortgage
$172,000
Outstanding Balance
$169,740
Interest Rate
7.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
$71,633

Purchase Details

Closed on
Jan 21, 2013
Sold by
Luing Rebecca L and Luing Rodney
Bought by
Lennon David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,800
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2010
Sold by
Luing Roger L
Bought by
Luing Rebecca L
Source: Public Records
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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
Unknown $215,000 None Listed On Document
Lennon David M $118,500 None Available
Luing Rebecca L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Unknown $172,000
Previous Owner Lennon David M $94,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $215,000 -6.5% $126 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/02/2024 03/02/24 For Sale $229,900 -- $134 / Sq Ft
Source: Central Iowa 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 $3,050 $209,600 $39,000 $170,600
2024 $2,974 $183,800 $39,000 $144,800
2023 $2,896 $183,800 $39,000 $144,800
2022 $2,876 $147,200 $36,000 $111,200
2021 $2,988 $147,600 $36,000 $111,600
2020 $2,902 $144,600 $33,000 $111,600
2019 $2,902 $144,600 $33,000 $111,600
2018 $2,678 $124,700 $33,000 $91,700
2017 $2,678 $124,700 $33,000 $91,700
2016 $2,580 $120,600 $27,000 $93,600
2015 $2,580 $120,600 $27,000 $93,600
2014 $2,572 $118,400 $27,000 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 64133

APN: 11-06-325-700