NOT LISTED FOR SALE

202 W Bridge St Elkader, IA 52043

Estimated Value: $69,500

2 Beds
1.5 Baths
1,504 Sq Ft
$46/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $35,000 $23 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $457/month

299 Days on Market

About This Home

As of August 2021

Own one of Elkader's most known businesses in town which comes with living quarters right beside it. Sitting on a busy downtown corner lot "The Store" gas station and convenience store has been serving the Elkader people since 1983 and it is now time for a new friendly face behind the counter! Carrying the Sinclair brand of gas is one of the main attractions to the customers who drive into town just to fill up with the high-quality fuel. Here is a chance to be your own boss or maybe you are living in a bigger city and need a reason to come live in a smaller community with friendly people. With also owning the house next door there is room for expansion to this business.

Last Listed By

Nathan Trappe

Allen Real Estate Company, LLC License #B561100 Listed on: 09/03/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • 4,250 Sq Ft Lot
  • Lot Dimensions are 50x85
  • Additional Parcels

Parking

  • Carport

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,504 Sq Ft Home
  • Multi-Level Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on lower level
  • Washer and Gas Dryer Hookup

Unfinished Basement

  • Stone Basement
  • Interior Basement Entry

Outdoor Features

  • Covered patio or porch

Schools

  • Central Elementary And Middle School
  • Central High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $550
  • Assessor Parcel Number 2523307010

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Parcel Number: 2523307010
  • Year Built: 1899
  • Property Sub-Type: Single Family Residence
  • ResoLaundryFeatures: Dryer Hookup-Gas, Lower Level, Washer Hookup
  • Lot Size Acres: 0.1
  • Road Frontage Type: Hard Surface Road, Paved Road
  • Road Surface Type: None
  • Co List Office Phone: 563-539-4136
  • MLS Status: Closed
  • Architectural Style: Multi-Level
  • Reso Fireplace Features: None
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 1504
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Smoke Detector, Electric Water Heater
  • Basement: Entrance-Inside, Stone/Rock, Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • BelowGradeArea: 752

Exterior Features

  • Construction Type: Aluminum Siding
  • Exterior Features: Sidewalk, Porch-Covered

Garage/Parking

  • Parking Features: Carport

Utilities

  • Cooling: None
  • Heating: Gas, Radiant, Steam
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Central
  • High School: Central
  • Middle Or Junior School: Central

Lot Info

  • Zoning: R-1
  • Lot Dimensions: 50x85
  • Lot Size Sq Ft: 4250
  • Additional Parcels: Yes

Multi Family

  • Total Actual Rent: 550

Tax Info

  • Tax Annual Amount: 1130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Aug 20, 2021
Sold by
Nelson Leighton Edward and Nelson Lois M
Bought by
Turkey River Enterprises Llc
Seller's Agent
Nathan Trappe
Allen Real Estate Company, LLC
List Price
$275,000
Sold Price
$35,000
Premium/Discount to List
-$240,000
-87.27%
Total Days on Market
299
Current Estimated Value
$69,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,500
Original Mortgage
$5,000,000
Outstanding Balance
$4,656,785
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2006
Sold by
Hoeger Ken P and Hoeger Carly K
Bought by
Nelson L Edward and Nelson Lois M

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
6.66%
Mortgage Type
New Conventional

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

Purchase History

Date Buyer Sale Price Title Company
Turkey River Enterprises Llc $35,000 None Available
Nelson L Edward $46,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turkey River Enterprises Llc $5,000,000
Previous Owner Nelson L Edward $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $35,000 -87.3% $23 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $275,000 0.0% $183 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
03/30/2021 03/30/21 Price Changed $275,000 -21.4% $183 / Sq Ft
09/03/2020 09/03/20 For Sale $350,000 -- $233 / Sq Ft
Source: Northeast Iowa Regional 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
2022 $988 $41,120 $4,400 $36,720
2021 $1,156 $52,156 $4,400 $47,756
2020 $1,156 $49,964 $4,400 $45,564
2019 $1,048 $49,964 $4,400 $45,564
2018 $1,048 $46,344 $4,400 $41,944
2017 $1,032 $46,344 $4,400 $41,944
2015 $1,032 $45,031 $6,776 $38,255
2014 $972 $45,031 $6,776 $38,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20204466

Northeast Iowa Regional Board of REALTORS®

APN: 22-25-23-307-010