NOT LISTED FOR SALE

228 S Summit St Unit C2 Iowa City, IA 52240

Longfellow Neighborhood

Estimated Value: $146,000 - $196,000

2 Beds
1 Bath
1,009 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $150,000 $149 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,564/month

69 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • The community has rules related to allowing live work
  • Laundry closet
  • City High School Rated A-
  • Balcony
  • Property is near a bus stop

About This Home

As of August 2022

Meticulously updated, pristine unit is move-in ready! Terrific opportunity to live in historic building close to College Green Park and downtown Iowa City in a lovely, character east side neighborhood. Features inc: fantastic light (plants love it) , high ceilings, open floor plan, wood/tile floors, original moldings, fresh paint colors, stylish kitchen w/ quartz countertops, white cabinets, newer SS appliances and huge east facing window with gorgeous views (City High spire) , charming bathroom, built in stackable washer/dryer tucked away in closet, spacious entry closet, built-ins, access to shared balcony. 5 by 7 storage unit in basement. 3 window units, Co-op fees inc: water, heat, gas for cooking (for now), basic Mediacom internet, trash, recycling, sewer, exterior and common area maintenance. On bus line.

Last Agent to Sell the Property

Gloria Escarza

Edge Realty Group Listed on: 06/10/2022

Edge Realty Group

Last Buyer's Agent

Heather Bright

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $2,694

Year Built

  • Built in 1916

Lot Details

  • 653

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Frame Construction

Interior Spaces

  • 1,009 Sq Ft Home
  • 3-Story Property
  • Rear Stairs
  • Bookcases
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Longfellow Elementary School
  • Southeast Middle School

Utilities

  • Heating System Uses Steam
  • Internet Available

Additional Features

  • Balcony
  • Garden
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 1011388009

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, heating/cooling, reserve fund, sewer, water
  • Summit St Co Op Subdivision
  • The community has rules related to allowing live work

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Co-Op

Est. Annual Taxes

$2,694

Year Built

Built in 1916

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1009
  • Homebuilder: UK
  • Owner Name L F Mi: Richard and Maria Delfina Dix
  • Ownership Type: Condo Attached
  • Photo Code: Broker Loaded
  • Remarks: Best possession is mid August. Seller requests 24 hours to review offers. No rentals or dogs. See attachment for Co-op rules and regulations. Co-op member approval required. (via meeting- no form).
  • Year Built: 1916
  • Tax Year Report: 2020
  • Subdivision: Summit St Co-op
  • Directions: Burlington St, North on Summit St. Stucco building on east side of Summit St. Street parking only.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Pet Policy, Sidewalks, Street Lights, Live/Work, On Bus Line
  • Basement Remarks: See Renmarks
  • Fireplace Type Location: None
  • Interior R: Bookcases, Ceiling-9+ ft, Rear Stairs
  • Kitchen Breakfast R: None
  • Lot Description R: None/Condo
  • Possession R: Negotiable, At Closing
  • Possible Finance R: Cash, Conventional
  • Stories Style R: Condo/Single Level, Coop
  • Remarks2: Meticulously updated, pristine unit is move-in ready! Terrific opportunity to live in historic building close to College Green Park and downtown Iowa City in a lovely, character east side neighborhood. Features inc: fantastic light (plants love it) , high ceilings, open floor plan, wood/tile floors, original moldings, fresh paint colors, stylish kitchen w/ quartz countertops, white cabinets, newer SS appliances and huge east facing window with gorgeous views (City High spire) , charming bathroom, built in stackable washer/dryer tucked away in closet, spacious entry closet, built-ins, access to shared balcony. 5 by 7 storage unit in basement. 3 window units, Co-op fees inc: water, heat, gas for cooking (for now), basic Mediacom internet, trash, recycling, sewer, exterior and common area maintenance. On bus line.
  • Special Features: None
  • Property Sub Type: Coop

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1009
  • Total Full Baths: 1
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Laundry Closet
  • Mstr Br Level: Main
  • Mstr Br Width: 12
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Balcony, Garden Area

Garage/Parking

  • Parking Spaces: None

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Other Cooling, Steam/Hotwater

Condo/Co-op/Association

  • Association Fee: 4800
  • Condo Level: 3
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Heating/Cooling, Reserve Fund, Sewer, Water, Other

Schools

  • Elementary School: Longfellow
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Longfellow

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Zoning: residential

Tax Info

  • Gross Tax County City: 2314
  • Assessor Parcel Number: 1011388009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Aug 12, 2022
Sold by
Dix Richard D and Dix Maria D
Bought by
Bastian Carey Hoyt and Kim Miera
Seller's Agent
Gloria Escarza
Edge Realty Group
Buyer's Agent
Heather Bright
Lepic-Kroeger, REALTORS
List Price
$150,000
Sold Price
$150,000
Views
1
Current Estimated Value
$172,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,733
Avg. Annual Appreciation
3.90%
Original Mortgage
$115,000
Outstanding Balance
$109,757
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$58,736

Purchase Details

Closed on
Jun 1, 2017
Sold by
Cannon Mark J and Cannon Sheila A
Bought by
Dix Richard and Dix Maria D

Purchase Details

Listed on
Jan 28, 2015
Closed on
Feb 23, 2015
Sold by
Hamilton E Merrill
Bought by
Cannon Mark J and Cannon Sheila A
Seller's Agent
Robin Sueppel
Urban Acres Real Estate
Buyer's Agent
Tammy Kramer
Blank & McCune Real Estate
List Price
$99,900
Sold Price
$99,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$40,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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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
Bastian Carey Hoyt $150,000 None Listed On Document
Dix Richard $129,000 None Available
Cannon Mark J $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bastian Carey Hoyt $115,000
Previous Owner Cannon Mark J $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2022 08/18/22 Sold $150,000 0.0% $149 / Sq Ft
06/10/2022 06/10/22 For Sale $150,000 +50.2% $149 / Sq Ft
02/23/2015 02/23/15 Sold $99,900 0.0% $99 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/28/2015 01/28/15 For Sale $99,900 -- $99 / Sq Ft
Source: Iowa City 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
2024 $2,694 $143,230 $12,640 $130,590
2023 $2,380 $143,230 $12,640 $130,590
2022 $2,274 $109,840 $12,640 $97,200
2021 $2,314 $109,840 $12,640 $97,200
2020 $2,314 $107,060 $11,380 $95,680
2019 $2,134 $107,060 $11,380 $95,680
2018 $2,134 $97,160 $9,480 $87,680
2017 $1,922 $97,160 $9,480 $87,680
2016 $1,878 $99,170 $9,480 $89,690
2015 $1,878 $99,170 $9,480 $89,690
2014 $2,050 $94,750 $7,580 $87,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202203458

Iowa City Area Association of REALTORS®

APN: 1011388009