NOT LISTED FOR SALE

2308 Heinz Rd Iowa City, IA 52240

Estimated Value: $9,004,743

-- Bed
-- Bath
45,000 Sq Ft
$200/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $1,710,000 $38 Per Sq Ft

Est. 427% increase in value since last sale

Current estimated payment $62,755/month

About This Home

As of January 2021

This home is located at 2308 Heinz Rd, Iowa City, IA 52240 since 01 January 2021 and is currently estimated at $9,004,743, approximately $200 per square foot. 2308 Heinz Rd is a home located in Johnson County with nearby schools including Mark Twain Elementary School, Southeast Junior High School, and City High School.

Last Agent to Sell the Property

David Levin

Hawkeye Commercial Real Estate License #475.081178/B27165000 Listed on: 01/01/2021

Last Buyer's Agent

NON MLS

NON-MLS QCAR License #000.00000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $164,276

Lot Details

  • 3

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$164,276

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial
  • Lvt Date: 01/19/2021
  • Handicap Modified: Yes
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 45000
  • Estimated Lot Sq Ft: 130,680

Exterior Features

  • Exterior Finish: Steel
  • Frontage Access: Paved 2Lane
  • Insulation: Other Insulation
  • Roof Construction: Metal
  • Wall Construction: Steel/ST Fram

Utilities

  • Cooling: Central Air, Individual Units
  • Heating: Forced Air, Gas, Radiant/Base, Individual Units
  • Security System: Yes
  • Sprinkler: Yes
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 3
  • Zoning: I-1
  • Geo Subdivision: IA
  • Property Use: Distribution Warehouse

Rental Info

  • Lease Dollar Sq Ft: 5
  • Owner Pays: N/A
  • Tenant Pays: N/A
  • Terms Lease: 5 Years

Tax Info

  • Tax Incentive: In City Limit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2021
Sold by
Hieronymi
Bought by
Iowa City Storage Llc
Current Estimated Value
$9,004,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,927,500
Outstanding Balance
$2,679,177
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$6,096,723

Purchase Details

Listed on
Jan 1, 2021
Closed on
Jan 14, 2021
Sold by
Lowa Genral Partnership
Bought by
Lowa City Storage Llc
Seller's Agent
David Levin
Hawkeye Commercial Real Estate
Buyer's Agent
NON MLS
NON-MLS QCAR
List Price
$2,200,000
Sold Price
$1,710,000
Premium/Discount to List
-$490,000
-22.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.48%
Original Mortgage
$1,185,000
Interest Rate
2.71%
Mortgage Type
Land Contract Argmt. Of Sale
Source: Public Records

Range of Values:

Collateral Analytics

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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
Iowa City Storage Llc $1,710,000 None Available
Lowa City Storage Llc $1,710,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iowa City Storage Llc $2,927,500
Closed Iowa City Storage Llc $2,049,250
Closed Iowa City Storage Llc $300,000
Previous Owner Lowa City Storage Llc $1,185,000
Previous Owner Hieronymi Partnership Llp $850,000
Previous Owner Hieronymi Partnership Llp $253,256
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $1,710,000 -22.3% $38 / Sq Ft
01/01/2021 01/01/21 For Sale $2,200,000 -- $49 / Sq Ft
12/27/2019 12/27/19 Pending -- -- --
Source: RMLS Alliance

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 $164,276 $4,569,440 $165,000 $4,404,440
2023 $97,998 $4,569,440 $165,000 $4,404,440
2022 $54,598 $2,804,360 $165,000 $2,639,360
2021 $57,254 $1,668,140 $165,000 $1,503,140
2020 $57,254 $1,691,650 $160,000 $1,531,650
2019 $57,528 $1,691,650 $160,000 $1,531,650
2018 $57,528 $1,690,500 $150,000 $1,540,500
2017 $54,508 $1,690,500 $150,000 $1,540,500
2016 $54,712 $1,605,300 $150,000 $1,455,300
2015 $54,712 $1,605,300 $150,000 $1,455,300
2014 $49,364 $1,483,220 $120,000 $1,363,220
Source: Public Records

Agents Affiliated with this Home

  • David Levin

    Seller's Agent in 2021

    David Levin

    Hawkeye Commercial Real Estate

    (309) 781-9169

    51 Total Sales

    David Levin
    Section Image

  • N

    Buyer's Agent in 2021

    NON MLS

    NON-MLS QCAR

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Map

Source: RMLS Alliance

MLS Number: QC4218271

RMLS Alliance

APN: 1024153001

Iowa Johnson County Iowa City 52240

2308 Heinz Rd, Iowa City, IA

This home is located at 2308 Heinz Rd, Iowa City, IA 52240 since 01 January 2021 and is currently estimated at $9,004,743, approximately $200 per square foot. 2308 Heinz Rd is a home located in Johnson County with nearby schools including Mark Twain Elementary School, Southeast Junior High School, and City High School.

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.

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