$174,000
SOLD SEP 12, 2025

222 W State St Colfax, IA 50054

-- Bed
2 Baths
1,418 Sq Ft
5,580 Sq Ft Lot

Recently Sold

$123 Per Sq Ft

6% Below List Price

141 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of September 2025

Renovated Duplex – A Prime Investment in Colfax!
This beautifully renovated 11⁄2-story duplex could be Colfax’s finest! Situated on a spacious corner lot, the property features durable steel siding and separate gas and electric meters for each unit—ideal for both owner-occupants and investors.
Nearly everything has been updated, including:
Insulation & sheetrock
Energy-efficient windows
Stylish kitchens & modern bathrooms
New cabinets, trim, flooring, fixtures, & appliances
Water heaters, furnaces, central A/C units
Smart thermostats for each unit
Each unit also includes its own private laundry room and plenty of off-street parking. All appliances are included, ensuring a truly turnkey opportunity. With strong cash flow potential and every major system already upgraded, this is an investment you don’t want to miss!

Last Agent to Sell the Property

Galen Kurth

RE/MAX Concepts Listed on: 03/20/2025

RE/MAX Concepts

Last Buyer's Agent

Nathan Lee

Realty ONE Group Impact

Realty ONE Group Impact

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,894

Year Built

  • Built in 1890

Lot Details

  • 5,580 Sq Ft Lot
  • Lot Dimensions are 45x124

Parking

  • Driveway

Home Design

  • Brick Foundation
  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 2 Bathrooms
  • 1,418 Sq Ft Home
  • 1.5-Story Property
  • 2 Kitchens
  • Laundry Room
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1101365005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,894

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 1.5 Story
  • Lp Amt Sq Ft: 124.82
  • Sp Amt Sq Ft: 122.71
  • Termite: Follow Showing Instructions
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Dishwashers: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Partial Bath Total: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 768
  • Kitchens: 2
  • Laundry: Yes
  • Living Area Sq Ft: 1418
  • Partial Bathrooms: 1
  • Total Sq Ft: 1418

Exterior Features

  • Foundation: Brick, Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: 2 spaces

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Colfax-Mingo

Lot Info

  • Acres: 0.1300
  • Lot S F: 5580
  • Lot Size: 45X124
  • Assessor Parcel Number: 1101365005
  • Zoning: Res

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Landlord

Tax Info

  • Gross Taxes: 2894.00
  • Net Taxes: 2894.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Colfax-Mingo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2025
Closed on
Sep 10, 2025
Sold by
Arcadium Holdings Llc
Bought by
Scoular Derrick
Seller's Agent
Galen Kurth
RE/MAX Concepts
Buyer's Agent
Nathan Lee
Realty ONE Group Impact
List Price
$185,000
Sold Price
$174,000
Premium/Discount to List
-$11,000
-5.95%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.90%
Original Mortgage
$156,600
Outstanding Balance
$156,600
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$23,397
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $174,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $156,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2025 09/12/25 Sold $174,000 -1.7% $123 / Sq Ft
08/08/2025 08/08/25 Pending -- -- --
07/14/2025 07/14/25 Price Changed $177,000 -4.3% $125 / Sq Ft
03/20/2025 03/20/25 For Sale $185,000 0.0% $130 / Sq Ft
10/08/2024 10/08/24 Off Market $900 -- --
10/01/2021 10/01/21 For Rent $900 -- --
Source: Des Moines Area 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
2025 $2,874 $169,390 $9,920 $159,470
2024 $2,874 $151,000 $9,920 $141,080
2023 $1,294 $151,000 $9,920 $141,080
2022 $1,164 $56,780 $9,920 $46,860
2021 $1,182 $51,850 $9,920 $41,930
2020 $1,182 $49,500 $6,940 $42,560
2019 $1,090 $43,200 $0 $0
2018 $1,090 $43,200 $0 $0
2017 $1,074 $43,200 $0 $0
2016 $1,074 $43,200 $0 $0
2015 $1,068 $43,200 $0 $0
2014 $1,016 $43,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 713834

Des Moines Area Association of REALTORS®

APN: 11-01-365-005