NOT LISTED FOR SALE

226 Main St Readlyn, IA 50668

Estimated Value: $194,595

-- Bed
-- Bath
3,570 Sq Ft
$55/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $150,007 $42 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,298/month

224 Days on Market

About This Home

As of April 2021

Nicely updated building in the heart of Main Street of Readlyn, IA. In 2009/2010 this building was totally remodeled inside and out. New electric, plumbing, HVAC, roof, and so much more. The main level is currently occupied by the owner but has endless possibilities from office to retail. 3,570 sg ft to work with on the main level. The upper level was gutted and remade into 3 very nice apartments and a utility room. Great tenants and a strong rental history. Basement level is usable space as well, great for storage or a shop area. Access to apartments and main level from main street and back alley access. You cant find too much wrong with this one! Owner is willing to lease back main level of the building for up to 2 years if desired by new owner.

Last Agent to Sell the Property

Joe Leehey

Fischels Residential Group License #S44699 Listed on: 07/15/2020

Fischels Residential Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,690

Year Built

  • Built in 1914

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140

Home Design

  • Triplex
  • Brick Exterior Construction
  • Concrete Foundation
  • Stucco Exterior Insulation and Finish Systems
  • Membrane Roofing

Parking

  • 5 Open Parking Spaces
  • No Garage
  • Parking Available

Schools

  • Readlyn Elementary School
  • Wapsie Valley Middle School
  • Wapsie Valley High School

Additional Features

  • Laundry Room
  • Central Air

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, heat, trash collection, water
  • Assessor Parcel Number 1111458004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,690

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Parcel Number: 1111458004
  • Year Built: 1914
  • Property Sub-Type: Triplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Laundry Room
  • Lot Size Acres: 0.16
  • Co List Office Phone: 319-234-5000
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3570
  • Reso Roof: Membrane
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete
  • Below Grade Sq Ft: 3570

Exterior Features

  • Construction Type: Brick, Stucco EIFS
  • Siding: Brick

Garage/Parking

  • Open Parking Spaces: 5
  • Parking Features: None, Parking Area

Utilities

  • Cooling: Central Air
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Gas Individual Meters, Separate Meters
  • Water Source: City

Schools

  • Elementary School: Readlyn Elementary
  • High School: Wapsie Valley
  • Middle Or Junior School: Wapsie Valley

Lot Info

  • Zoning: C
  • Lot Dimensions: 50x140
  • Lot Size Sq Ft: 7000

Rental Info

  • Tenant Pays: Electricity, Gas, Heat, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2690

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Apr 7, 2021
Sold by
Fettkether Llc
Bought by
Sellers Darran and Sellers Teri
Seller's Agent
Joe Leehey
Fischels Residential Group
List Price
$175,000
Sold Price
$150,007
Premium/Discount to List
-$24,993
-14.28%
Current Estimated Value
$194,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,588
Original Mortgage
$150,758
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2009
Sold by
City Of Readlyn
Bought by
Fettkether Llc
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 Buyer Sale Price Title Company
Sellers Darran $150,500 None Available
Fettkether Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sellers Darran K $150,758
Previous Owner Fettkether Llc $50,000
Previous Owner Fettkether Llc $150,000
Previous Owner Fettkether Llc $145,000
Previous Owner Fettkether Llc $142,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $150,007 -6.2% $42 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
12/09/2020 12/09/20 Price Changed $159,900 -8.6% $45 / Sq Ft
07/15/2020 07/15/20 For Sale $175,000 -- $49 / Sq Ft
Source: Northeast Iowa Regional Board 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 $2,858 $169,260 $10,200 $159,060
2023 $2,878 $166,440 $7,650 $158,790
2022 $2,796 $151,650 $7,650 $144,000
2021 $2,604 $146,400 $7,650 $138,750
2020 $2,604 $133,890 $7,650 $126,240
2019 $2,690 $0 $0 $0
2018 $2,692 $0 $0 $0
2017 $2,772 $133,890 $0 $0
2016 $2,772 $133,890 $0 $0
2015 $2,772 $133,890 $0 $0
2014 $2,500 $133,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20203515

Northeast Iowa Regional Board of REALTORS®

APN: 11-11-458-004