NOT LISTED FOR SALE

Estimated Value: $442,710

Studio
3 Baths
7,960 Sq Ft
$56/Sq Ft Est. Value

Sale Details

Date Sold: July 29, 2022

Last sale price $400,000 $50 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,639 / mo

10 Days on Market

Highlights

  • 3 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System
  • 2.35 Acre Lot

About This Home

As of July 2022

Here is your next investment property or redevelopment opportunity! Property is conveniently located on the east side of Grinnell. Zoned M-1, Light Industrial. Duplex, Single Family Home, and 6 car detached garage located on the property. The duplex units are 1 bedroom, 1 bathroom with in-unit laundry. The lower unit has central heat and a/c. The upper unit has central heat and window a/c. The SFH is also 1 bedroom, 1 bathroom with central heat and window a/c. The detached garage units can be rented with the rental dwelling units or utilized as Mini Storage to diversify rental income. Additionally, the north 1.5 acres is prime development land, ready for you to break ground. Water, electric, gas, and septic already on site. The property has a high traffic volume as it located on State Highway 6. Great cash-flowing property or redevelopment opportunity for a business seeking a desirable location!

Last Agent to Sell the Property

Bennett Wiltfang

RE/MAX Partners Realty Listed on: 06/27/2022

RE/MAX Partners Realty

Last Buyer's Agent

OUTSIDE AGENT

OTHER

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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,921

Year Built

  • Built in 1887

Lot Details

  • 2.35 Acre Lot
  • Lot Dimensions are 165 x 620

Home Design

  • 7,960 Sq Ft Home
  • Block Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Parking

  • 4 Car Detached Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Propane
  • Septic Tank

Additional Features

  • 3 Kitchens
  • 3 Full Bathrooms
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 1800455000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,921

Year Built

Built in 1887

Lot Details

2.35 Acres

Listing Details

  • Property Type: Multi-Family
  • Lp Amt Sq Ft: 56.53
  • Sp Amt Sq Ft: 50.25
  • Year Built: 1887
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 3
  • Basement Description: Unfinished
  • Kitchens: 3
  • Living Area Sq Ft: 7960
  • Total Sq Ft: 7960

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Gravel
  • Garage: 4+ Detached

Utilities

  • Sewer: Septic
  • Water: City
  • Air Conditioner: Central, Window Unit
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 2.3500
  • Lot S F: 102378
  • Lot Size: 165 x 620
  • Assessor Parcel Number: 1800455000
  • Zoning: M-1

Tax Info

  • Gross Taxes: 3921.00
  • Net Taxes: 3750.00
  • Tax Year: 2022

Multi Family

  • Total Units: 3

MLS Schools

  • School District: GrinnellNewburg

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Jul 27, 2022
Sold by
Bought by
Seller's Agent
Bennett Wiltfang
RE/MAX Partners Realty
Buyer's Agent
OUTSIDE AGENT
OTHER
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Current Estimated Value
$442,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,710
Avg. Annual Appreciation
2.56%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grinnell, IA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 None Listed On Document
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $23,000
Previous Owner $135,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $400,000 -11.1% $50 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $450,000 -- $57 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,416 $159,780 $159,780 $0
2024 $4,662 $145,250 $145,250 $0
2023 $4,366 $283,030 $51,460 $231,570
2022 $4,326 $239,780 $41,970 $197,810
2021 $4,326 $226,200 $39,590 $186,610
2020 $3,666 $197,310 $39,590 $157,720
2019 $3,726 $197,310 $39,590 $157,720
2018 $3,660 $197,310 $39,590 $157,720
2017 $3,742 $197,310 $39,590 $157,720
2016 $3,912 $197,310 $39,590 $157,720
2015 -- $206,820 $36,800 $170,020
2014 -- $206,820 $36,800 $170,020
Source: Public Records

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 655001

Des Moines Area Association of REALTORS®

APN: 180-0455000

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