NOT LISTED FOR SALE

205 E Main St Letts, IA 52754

Estimated Value: $164,000 - $192,000

-- Bed
3 Baths
1,440 Sq Ft
$120/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $79,000 $55 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,051/month

109 Days on Market

About This Home

As of March 2018

Attention Investors! This duplex is ready to rent, has a positive cash flow and utilities are separated. The lower level unit is a 2 bedroom, 1 1/2 bath and is all brand new. Open concept arrangement with washer/dryer hookups in bathroom. This unit also has a partially finished basement with family room and 1/2 bath. The upper unit is a remodeled 2 bedroom one bath with washer/dryer connections. There is a 3 stall garage which could be rented for extra income, used by the apartments, or kept by the owner for personal use. This is a nice clean property!

Last Agent to Sell the Property

Steve Armstrong

RE/MAX PROFESSIONALS License #B58800000-Steve Armstrong S58801000-Dave Armstrong S66322000-Mandy Kemper Listed on: 10/16/2017

RE/MAX PROFESSIONALS

Last Buyer's Agent

Eric Schlutz

RUHL & RUHL REALTORS License #B43170000

RUHL & RUHL REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 60 x 142

Parking

  • 3 Car Garage

Home Design

  • 1,440 Sq Ft Home

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0427128017

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Above Grade Sq Ft: 1440.00

Garage/Parking

  • Garage Type: Detached
  • Garage Stalls Parking: 3.00

Utilities

  • Utilities Providers City Sewer: YES
  • Utilities Providers City Water: YES
  • Utilities Providers Heat: Gas
  • Utilities Providers Natural Gas: YES
  • Utilities Providers Water Heater: Electric
  • Number Electric Meters: 2
  • Number Furnaces: 2
  • Number Water Heaters: 2
  • Number Water Meters: 2

Schools

  • School District: L & M

Lot Info

  • Prop Grp ID: 19990816212109142258000000
  • Lot Size: 60 x 142

Multi Family

  • No. of Units: 2

Tax Info

  • Named Parcel Number: 0427128017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2025
Sold by
Quigley Drake and Quigley Olivia
Bought by
Paul Jeremiah R
Current Estimated Value
$172,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Outstanding Balance
$103,783
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$68,301

Purchase Details

Closed on
Aug 12, 2020
Sold by
Ziegenhorn Stacie J and Ziegenhorn William
Bought by
Quigley Drake

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Paul Jeremiah R $130,000 None Listed On Document
Quigley Drake $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul Jeremiah R $104,000
Previous Owner Quigley Drake $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2018 03/01/18 Sold $79,000 -24.7% $55 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
10/16/2017 10/16/17 For Sale $104,900 -- $73 / Sq Ft
Source: Muscatine Multiple Listing Service

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 $1,796 $143,630 $9,240 $134,390
2024 $1,736 $127,520 $9,240 $118,280
2023 $1,736 $127,520 $9,240 $118,280
2022 $1,658 $106,010 $9,240 $96,770
2021 $1,378 $106,010 $9,240 $96,770
2020 $1,378 $77,220 $9,240 $67,980
2019 $1,168 $77,220 $9,240 $67,980
2018 $1,134 $62,910 $9,240 $53,670
2017 $1,134 $63,030 $0 $0
2016 $1,034 $63,030 $9,240 $53,790
2015 $1,034 $63,030 $9,240 $53,790
2014 $966 $62,830 $6,160 $56,670
Source: Public Records

Agents Affiliated with this Home

  • Steve Armstrong

    Seller's Agent in 2018

    Steve Armstrong

    RE/MAX

    (563) 299-8596

    384 Total Sales

    Steve Armstrong
    Section Image
  • Eric Schlutz

    Buyer's Agent in 2018

    Eric Schlutz

    RUHL & RUHL REALTORS

    (563) 299-4407

    105 Total Sales

    Eric Schlutz
    Section Image
See All Agents

Map

Source: Muscatine Multiple Listing Service

MLS Number: 17-834

Muscatine Multiple Listing Service

APN: 04-06-228-001

Iowa Louisa County Letts 52754

205 E Main St, Letts, IA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Muscatine Multiple Listing Service 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.

Nearby Homes