NOT LISTED FOR SALE

205 N 2nd St Bellevue, IA 52031

Estimated Value: $128,000 - $199,000

5 Beds
2 Baths
2,464 Sq Ft
$62/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $130,000 $53 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,008/month

67 Days on Market

About This Home

As of May 2022

Great well cared for Investment property in the downtown area of the beautiful town of Bellevue. This property offers a 2 bedroom 1 bath unit up and a 3 bedroom 1 bath until on the main. Also features off street parking and a small yard for tenants. Great income property for those looking for and investment.

Last Listed By

Steve Nemmers

Nemmers Realty Listed on: 02/04/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,984

Year Built

  • Built in 1865

Lot Details

  • 3,049

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2-Story Property
  • Partial Basement
  • Range

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available

Listing and Financial Details

  • Tenant pays for electric, gas, trash, water
  • Assessor Parcel Number 720818186005000

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $970
  • Real Estate Tax Expense $1,702
  • Net Operating Income $11,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,984

Year Built

Built in 1865

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: 2 Story
  • Style2: 2 Story
  • Type: Duplex
  • Year Built: 1865
  • Lvt Date: 02/04/2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Refrigerator, Range, Washer
  • Estimated Total Above Ground Sq Ft: 2464
  • Estimated Finished Sq Ft: 2464
  • Estimated Sq Ft: 2464
  • Estimated Main Sq Ft: 1232
  • Estimated Upper Sq Ft: 1232
  • Basement: Partial

Exterior Features

  • Foundation: Rock
  • Roof: Asp/Composite Shingle
  • Siding: Brick

Garage/Parking

  • Parking: Off Street, On Street

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas
  • Heat Type: Forced Air

Schools

  • Elementary School: Bellevue
  • Middle School: Bellevue
  • High School: Bellevue

Lot Info

  • Parcel Id Number: 720818186005000
  • Zoning: Residential

Rental Info

  • Tenant Pays: Electric, Gas, Trash, Water

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
May 22, 2022
Sold by
Blackwater Properties Llc
Bought by
Rosenbalms Rentals Llc
Seller's Agent
Steve Nemmers
Nemmers Realty
Buyer's Agent
Steve Nemmers
Nemmers Realty
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Total Days on Market
67
Current Estimated Value
$152,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,047
Avg. Annual Appreciation
10.56%
Original Mortgage
$130,000
Outstanding Balance
$124,719
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$50,269

Purchase Details

Listed on
Feb 4, 2022
Closed on
May 21, 2022
Sold by
Schwager Charles J and Schwager Kathy
Bought by
Blackwater Properties Llc
Seller's Agent
Steve Nemmers
Nemmers Realty
Buyer's Agent
Steve Nemmers
Nemmers Realty
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Outstanding Balance
$124,719
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$50,269

Purchase Details

Closed on
May 11, 2018
Sold by
Schwager Charles J and Schwager Kathy A
Bought by
Blackwater Properties Llc

Range of Values:

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Average Value
Not Available
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
Rosenbalms Rentals Llc $130,000 None Listed On Document
Blackwater Properties Llc $115,000 None Listed On Document
Blackwater Properties Llc $3,625 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosenbalms Rentals Llc $130,000
Previous Owner Schwager Chrrles J $92,000
Previous Owner Schwager Charles J $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2022 05/24/22 Sold $130,000 -7.1% $53 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $139,900 -- $57 / Sq Ft
Source: East Central Iowa 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 $1,984 $128,200 $6,900 $121,300
2023 $1,984 $128,200 $6,900 $121,300
2022 $1,724 $106,500 $6,900 $99,600
2021 $1,702 $106,500 $6,900 $99,600
2020 $1,702 $99,400 $6,900 $92,500
2019 $1,754 $99,400 $0 $0
2018 $1,746 $99,400 $0 $0
2017 $1,572 $82,600 $0 $0
2016 $1,538 $82,600 $0 $0
2015 $1,538 $82,600 $0 $0
2014 $1,502 $82,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Nemmers

    Seller's Agent in 2022

    Steve Nemmers

    Nemmers Realty

    (563) 590-5640

    154 Total Sales

    Steve Nemmers
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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: 144066

East Central Iowa Association of REALTORS®

APN: 720818186005000

Iowa Jackson County Bellevue 52031

205 N 2nd St, Bellevue, IA

Homes for Sale in Bellevue, IA

This home is located at 205 N 2nd St, Bellevue, IA 52031 since 04 February 2022 and is currently estimated at $152,047, approximately $61 per square foot. This property was built in 1865. 205 N 2nd St is a home located in Jackson County with nearby schools including Bellevue Elementary School, Bellevue High School, and St. Joseph's Elementary School.

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.

East Central Iowa Association of REALTORS® 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.