$100,000
SOLD JUL 1, 2026
4 Beds
2 Baths
2,050 Sq Ft
8,052 Sq Ft Lot

Sale Details

Date Sold: July 1, 2026

$49 Per Sq Ft

20% Below List Price

193 Days on Market

Highlights

  • Main Floor Bedroom
  • Detached Garage
  • Wood Siding

About This Home

As of July 2026

Investor Opportunity – Tucked into the heart of Spencer, this 11⁄2-story frame bungalow has been a quiet constant—providing a comfortable place to call home for long-term tenants and reliable income. With two separate living units, each space offers simple, practical living with everything tenants need and nothing overcomplicated. Located near downtown, this property provides a strong occupancy history and consistent cash flow—perfect for investors seeking a stable, income-producing opportunity. This one deserves a closer look.

Last Agent to Sell the Property

Kelly Bierl

Hometown Realty License #B64536 Listed on: 10/10/2025

Last Buyer's Agent

Kelly Bierl

Hometown Realty License #B64536 Listed on: 10/10/2025

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1920

Lot Details

  • 8,052 Sq Ft Lot
  • Lot Dimensions are 66 x 122

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 2,050 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Parking

  • Detached Garage
  • Shared Driveway

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for broadband, cable TV
  • Assessor Parcel Number 963618132015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,352

Year Built

Built in 1920

Lot Details

8,052 Sq Ft Lot

Listing Details

  • Class: MULTIFAMILY
  • Property Attached: Yes
  • Type: Duplex
  • Year Built: 1920
  • Levels: Two
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Main Floor Bedrooms
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Total Sq Ft: 2050
  • Above Grade Finished: 2050
  • Fireplace: No
  • Basement Features: Unfinished

Exterior Features

  • Construction Materials: Block, Wood Siding
  • Exterior Features: Driveway-Concrete, Driveway-Gravel, Driveway-Shared
  • Flood Zone: No
  • Road Frontage Type: Curbs & Gutters, Sidewalks
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Type: Detached

Utilities

  • Fuel: Natural Gas
  • Heating: Boiler
  • Sewer: Public Sewer
  • Water Source: Public/City

Lot Info

  • Parcel Number: 963618132015
  • Estimated Acres: 0.19
  • Estimated Lot Dimensions: 66 x 122
  • Lot Sq Ft: 8052

Rental Info

  • Owner Pays: Electricity, Fuel, Lawn, Snow Removal, Trash Collection, Water/Sewer
  • Tenant Pays: Broadband, Cable TV
  • Furnished: No

Multi Family

  • Number Of Units: 2

Tax Info

  • Tax Amount: 1352
  • Tax Classification: Non-Homestead
  • Tax Year: 2024

MLS Schools

  • School District: Spencer

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

Closed on
Mar 22, 2019
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Spencer, IA

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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 Type Sale Price Title Company
Warranty Deed $100,000 --
Warranty Deed $59,000 --
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 Loan Amount Loan Type
Open $75,000 Credit Line Revolving
Previous Owner $50,000 Future Advance Clause Open End Mortgage
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
07/01/2026 07/01/26 Sold $100,000 -13.0% $49 / Sq Ft
04/21/2026 04/21/26 Pending -- -- --
02/18/2026 02/18/26 Price Changed $115,000 -3.4% $56 / Sq Ft
02/10/2026 02/10/26 Price Changed $119,000 -4.8% $58 / Sq Ft
10/10/2025 10/10/25 For Sale $125,000 -- $61 / Sq Ft
Source: Iowa Great Lakes Board 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
2025 $1,352 $82,670 $14,260 $68,410
2024 $1,352 $84,400 $14,260 $70,140
2023 $1,306 $84,400 $14,260 $70,140
2022 $1,240 $72,770 $14,260 $58,510
2021 $1,308 $69,350 $14,260 $55,090
2020 $1,308 $69,480 $12,670 $56,810
2019 $1,218 $66,410 $0 $0
2018 $57 $66,410 $0 $0
2017 $1,259 $63,500 $0 $0
2016 $1,190 $63,500 $0 $0
2015 $1,228 $65,500 $0 $0
2014 $1,228 $65,500 $0 $0
Source: Public Records

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Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 251337

Iowa Great Lakes Board of REALTORS®

APN: 9636-18-132-015

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