NOT LISTED FOR SALE

Estimated Value: $195,000 - $229,149

6 Beds
2 Baths
1,518 Sq Ft
$138/Sq Ft Est. Value

Last Sold May 01, 2013

Last sale price $127,000 $84 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,415/month

89 Days on Market

Highlights

  • Living Room
  • Park
  • Forced Air Heating and Cooling System
  • City High School Rated A-
  • Property is near shops

About This Home

As of May 2013

Great rents on this duplex! Rental permit valid through June 2014. Unit 2015 recently renovated with new kitchen and all new floor coverings. Unit 2017 has new furnace Nov. 2012, fresh paint and new carpet. Conforming third bedrooms in lower level. Excellent cash flow and cap rate. Tenants pay for all utilities. One owner is licensed to sell real estate in Iowa. Tenant rights, please allow 24 hours notice for showings. Maintenance is estimated.

Last Agent to Sell the Property

MARK CHAMBLISS

Ambrose & Associates, REALTORS Listed on: 02/01/2013

Last Buyer's Agent

Bill Wittig

Elite First Realty Iowa City, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,178

Year Built

  • Built in 1972

Lot Details

  • 10,280

Interior Spaces

  • 1,518 Sq Ft Home
  • Living Room
  • Oven or Range
  • Finished Basement

Schools

  • Wood Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Additional Features

  • Lot Dimensions are 76x135
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 1023241011

Community Details

Overview

  • 2 Units

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Insurance Expense $720
  • Maintenance Expense $500
  • Gross Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,178

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Great rents on this duplex! Rental permit valid through June 2014. Unit 2015 recently renovated with new kitchen and all new floor coverings. Unit 2017 has new furnace Nov. 2012, fresh paint and new carpet. Conforming third bedrooms in lower level. Excellent cash flow and cap rate. Tenants pay for all utilities. One owner is licensed to sell real estate in Iowa. Tenant rights, please allow 24 hours notice for showings. Maintenance is estimated.
  • T Val: 127000
  • Year Built: 1972
  • Tax Year Report: 2011
  • Rental Permit: Yes
  • Directions: Hwy 6 to South on Taylor, East on Tracy Ln, South on Davis St.
  • L O1 Dues Paid: y
  • Amenities: Park, Pet Policy, Sidewalks, Street Lights, Close to Shopping
  • Basement Remarks: Finished
  • Possession R: At Closing, Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 1518
  • Lower Level Sq Ft: 220

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Gas, Central, Forced Air

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Wood
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Wood

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 76x135
  • Zoning: RS12

Tax Info

  • Gross Tax County City: 2520
  • Assessor Parcel Number: 1023241011

Multi Family

  • Units Total: 2

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2013 05/01/13 Sold $127,000 -3.8% $84 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
02/01/2013 02/01/13 For Sale $132,000 -- $87 / Sq Ft
Source: Iowa City Area Association 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
2024 $3,178 $168,910 $55,290 $113,620
2023 $3,390 $168,910 $55,290 $113,620
2022 $3,238 $156,380 $51,600 $104,780
2021 $3,176 $156,380 $51,600 $104,780
2020 $3,176 $146,880 $47,920 $98,960
2019 $2,858 $146,880 $47,920 $98,960
2018 $36 $130,090 $40,550 $89,540
2017 $2,828 $130,090 $40,550 $89,540
2016 $0 $126,340 $33,170 $93,170
2015 $0 $126,340 $33,170 $93,170
2014 -- $122,910 $33,170 $89,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20130733

Iowa City Area Association of REALTORS®

APN: 1023241011