NOT LISTED FOR SALE

207 Pleasant St Carson, IA 51525

Estimated Value: $415,745 - $438,000

Studio
-- Bath
6,900 Sq Ft
$61/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2024

Last sale price $405,000 $59 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,583 / mo

5 Days on Market

About This Home

As of May 2024

6 unit apartment building in great condition, with value add potential on the basement units. Offered at a 10% cap rate with potential to go 12% cap by adding egress windows to basement units, and increasing rents. Tenants pay all utilites with electric baseboard heat in all units. Water heaters are electric. Property has been well maintained and high demand to lease units.

Last Agent to Sell the Property

Kody Stowell

Realty One Group Sterling License #S65439000 Listed on: 04/18/2024

Realty One Group Sterling

Last Buyer's Agent

Kevin Story

Realty One Group Sterling License #B68581000

Realty One Group Sterling

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Home Design

  • 6,900 Sq Ft Home
  • Brick Exterior Construction

Schools

  • Riverside Elementary School
  • Riverside Community High School

Utilities

  • Window Unit Cooling System
  • No Heating

Community Details

  • 6 Units
  • Gross Income $58,500

Listing and Financial Details

  • The owner pays for electricity, water, garbage, common area only

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: MultiFamily
  • Lot Size: 19602sqft
  • Co List Office Mls Id: rogs
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Refrigerator, Range, Washer - Coin, Dryer - Coin
  • Owner Pays: Electricity, Water, Garbage, Common Area Only

Exterior Features

  • Roof: Concrete
  • Roof: Composition
  • Exterior: Brick

Utilities

  • Cooling: Window Unit(s)
  • Heating Yn: No

Schools

  • Elementary School: Riverside
  • High School: Riverside Community
  • Middle Or Junior School: Riverside Community

Building Info

  • Year Built: 1959

Multi Family

  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
May 22, 2024
Sold by
Prks Properties Llc
Bought by
Casa Investments Llc
Seller's Agent
Kody Stowell
Realty One Group Sterling
Buyer's Agent
Kody Stowell
NP Dodge Real Estate - Council Bluffs
List Price
$399,900
Sold Price
$405,000
Premium/Discount to List
$5,100
1.28%
Views
14
Current Estimated Value
$423,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,248
Avg. Annual Appreciation
2.42%
Original Mortgage
$344,250
Outstanding Balance
$337,496
Interest Rate
6.88%
Mortgage Type
Credit Line Revolving
Estimated Equity
$85,752

Purchase Details

Closed on
Dec 30, 2022
Sold by
Pleasant Street Apartments Llc
Bought by
Prks Properties Llc

Purchase Details

Closed on
Aug 19, 2022
Sold by
Merlyn Properties Llc
Bought by
Pleasant Street Apartments Llc

Purchase Details

Closed on
Aug 12, 2020
Sold by
Met Properties Llc
Bought by
Merlyn Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2019
Sold by
Blanchard Raymond M and Blanchard Evelyn J
Bought by
Met Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Casa Investments Llc $405,000 None Listed On Document
Prks Properties Llc $300,000 None Listed On Document
Pleasant Street Apartments Llc -- --
Merlyn Properties Llc $215,000 None Available
Met Properties Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casa Investments Llc $344,250
Previous Owner Merlyn Properties Llc $172,000
Previous Owner Met Properties Llc $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2024 05/24/24 Sold $405,000 +1.3% $59 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $399,900 -- $58 / Sq Ft
Source: Southwest Iowa Association of Realtors®

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 $4,066 $364,200 $20,700 $343,500
2024 $4,156 $245,700 $18,000 $227,700
2023 $4,130 $245,700 $18,000 $227,700
2022 $4,258 $190,400 $9,000 $181,400
2021 $6,546 $190,400 $9,000 $181,400
2020 $5,076 $190,400 $9,000 $181,400
2019 $4,138 $190,400 $9,000 $181,400
2018 $4,308 $146,000 $9,000 $137,000
2017 $4,460 $142,400 $9,000 $133,400
2015 $4,770 $142,400 $9,000 $133,400
2014 $4,762 $136,620 $8,510 $128,110
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kody Stowell

    Realty One Group Sterling

    Section Image

  • K

    Buyer's Agent in 2024

    Kevin Story

    Realty One Group Sterling

    Section Image
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Map

Source: Southwest Iowa Association of Realtors®

MLS Number: 24-683

Southwest Iowa Association of Realtors®

APN: 7440-02-307-001

Iowa Pottawattamie County Carson 51525

207 Pleasant St, Carson, IA

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.

Southwest 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.

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