NOT LISTED FOR SALE

2393 Mabie Rd Ely, IA 52227

Estimated Value: $690,763 - $1,058,000

35.11 Acres
$23,457 Price per Acre
1,529,392 Sq Ft Lot

Last Sold August 10, 2018

Last sale price $730,000

Est. 13% increase in value since last sale

Current estimated payment $4,562/month

11 Days on Market

Highlights

  • 35.11 Acre Lot
  • Wooded Lot
  • Machine Shed
  • Prairie Ridge Elementary School Rated A-
  • Pole Barn
  • Garage

About This Lot

As of August 2018

**Rare FIND!! Over 35 acres of beautiful country side tucked perfectly off Ely road and in College Community Schools! This property has many potentials! Whether your looking for your very own personal building site for that dream home, space for your business, or even to subdivide and create your own private neighborhood... The options are endless! Property features a one of a kind shop that will wow any business owner or hobbyist; 7,360 sq feet of fully finished space with 16' ceilings all doors are 14' tall and the 2 largest doors are 24' wide with 2 additional doors that are 14' wide. Attached to shop is an additional 3,200 sq feet of steal building space. You will also find the most quaint "shouse" shop house that totals 960 sq feet of prime living space! The shouse has two full bedrooms, full kitchen, large living space and full bathroom. Shouses are perfect areas to live in while building your dream home or very easily could be converted to commercial office or reception space if utilized for a commercial purpose! Property features well, and septic, fencing and a gravel drive and is just ready for enjoyment! Call for your tour!

Last Agent to Sell the Property

Emily Prahm

RE/MAX CONCEPTS Listed on: 05/18/2018

RE/MAX CONCEPTS

Co-Listed By

Mark Prahm

RE/MAX CONCEPTS

Last Buyer's Agent

Emily Prahm

RE/MAX CONCEPTS Listed on: 05/18/2018

RE/MAX CONCEPTS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,313

Lot Details

  • 35.11 Acre Lot
  • Gentle Sloping Lot
  • Wooded Lot

Parking

  • Garage

Utilities

  • Propane
  • Well
  • Septic System

Additional Features

  • Pole Barn
  • Machine Shed

Property Details

Property Type

Land

Est. Annual Taxes

$2,313

Lot Details

0

Listing Details

  • Acres: 35.1100
  • City Name: Ely
  • Current Zoning: Res
  • Gross Tax: 2313
  • List User Cell Phone: 319-573-0486
  • Miscellaneous: Fences-Elect, Garage, Mach Shed, Pole Barn, Tile
  • Net Tax: 2313
  • Property Sub Types: Development Land
  • Property Type: Land/Lot/Farm
  • Ratio Close Price By List Price: 1.04435
  • Ratio Close Price By Original Li: 1.04435
  • Water Sewer Roads: Septic System, Well Water
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Site Description: Gentle Roll, Wooded

Utilities

  • Utilities: Electric, Lp

Lot Info

  • Lot Size: 35.11 Acr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Aug 8, 2018
Sold by
Thompson Travis J
Bought by
Redshield Properties Llc
Seller's Agent
Emily Prahm
RE/MAX CONCEPTS
Buyer's Agent
Emily Prahm
RE/MAX CONCEPTS
List Price
$699,000
Sold Price
$730,000
Premium/Discount to List
$31,000
4.43%
Current Estimated Value
$823,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,588
Avg. Annual Appreciation
1.65%
Original Mortgage
$215,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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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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
Redshield Properties Llc $730,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Redshield Properties Llc $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2018 08/10/18 Sold $730,000 +4.4% --
05/29/2018 05/29/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $699,000 -- --
Source: Cedar Rapids 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 $2,968 $639,300 $53,100 $586,200
2024 $2,968 $556,900 $45,300 $511,600
2023 $2,968 $543,000 $45,300 $497,700
2022 $2,840 $147,800 $33,200 $114,600
2021 $2,738 $147,800 $33,200 $114,600
2020 $2,738 $143,800 $35,000 $108,800
2019 $2,464 $161,000 $47,600 $113,400
2018 $1,354 $161,000 $47,600 $113,400
2017 $1,332 $104,300 $52,200 $52,100
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1803455

Cedar Rapids Area Association of REALTORS®

APN: 18193-51002-00000