Seller's Agent in 2025
Collin Fett
RE/MAX
(515) 329-4011
100 Total Sales
198 1st St Gilbert, IA 50105
Studio
2
Baths
3,932
Sq Ft
0.44
Acre Lot
Highlights
- 4 Kitchens
- Laundry Room
- Forced Air Heating and Cooling System
- No HOA
About This Home
As of May 2025Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,491
Year Built
- Built in 1972
Lot Details
- 0.44
Home Design
- Brick Exterior Construction
- Brick Foundation
- Asphalt Shingled Roof
Interior Spaces
- 3,932 Sq Ft Home
- 2-Story Property
Kitchen
- 4 Kitchens
- Stove
- Cooktop
- Microwave
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Additional Features
- 19,000 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0504475210
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
Dec 30, 2025
Sold by
Bought by
Purchase Details
Listed on
Mar 13, 2025
Closed on
May 8, 2025
Sold by
Bought by
Seller's Agent
Collin Fett
RE/MAX Real Estate Center
Buyer's Agent
Lisa Vance
LPT Realty, LLC
List Price
$350,000
Sold Price
$320,000
Premium/Discount to List
-$30,000
-8.57%
Views
19
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.65%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $233,500 | None Listed On Document | ||
| $320,000 | None Listed On Document |
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 | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $192,000 | ||
| Previous Owner | $1,165,000 |
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 |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | Sold | $320,000 | -8.6% | $81 / Sq Ft |
| 03/25/2025 03/25/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $350,000 | -- | $89 / Sq Ft |
Source: Des Moines Area Association 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 | $4,682 | $285,400 | $39,900 | $245,500 |
| 2024 | $4,492 | $265,800 | $39,900 | $225,900 |
| 2023 | $4,502 | $265,800 | $39,900 | $225,900 |
| 2022 | $5,238 | $229,900 | $47,500 | $182,400 |
| 2021 | $5,758 | $229,900 | $47,500 | $182,400 |
| 2020 | $5,648 | $229,900 | $47,500 | $182,400 |
| 2019 | $5,648 | $221,200 | $47,500 | $173,700 |
| 2018 | $5,422 | $187,300 | $32,100 | $155,200 |
| 2017 | $5,422 | $187,300 | $32,100 | $155,200 |
| 2016 | $5,636 | $172,400 | $32,100 | $140,300 |
| 2015 | $5,636 | $172,400 | $32,100 | $140,300 |
| 2014 | $5,224 | $156,900 | $32,100 | $124,800 |
Source: Public Records
Agents Affiliated with this Home
-
Collin Fett
-
Lisa Vance
Buyer's Agent in 2025
Lisa Vance
LPT Realty, LLC
(303) 809-9492
177 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 713109
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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