NOT LISTED FOR SALE

242 N Railroad St Ainsworth, IA 52201

Estimated Value: $407,589

6 Beds
4 Baths
3,220 Sq Ft
$127/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $257,000 $80 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,343/month

185 Days on Market

Highlights

  • Brick or Stone Mason
  • Property is near shops
  • Forced Air Heating and Cooling System
  • Living Room

About This Home

As of October 2018

Multi-Family Building remodeled approximately 10 years ago with new wiring, plumbing, furnaces, flooring, walls, kitchens and baths. This brick building houses seven apartments and a laundry mat. Located on down town Ainsworth, Iowa with All apartments are rented. Gross Yearly income is $45,840.00 (including laundry mat) Expenses are $14,220.00.

Last Agent to Sell the Property

Patty Elliott

Elliott Realty Group Listed on: 03/30/2018

Co-Listed By

Tim Elliott

Elliott Realty Group

Last Buyer's Agent

Stevie Toomey

Blank & McCune Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,050

Year Built

  • Built in 1900

Lot Details

  • 3,006

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 3,220 Sq Ft Home
  • Living Room
  • Partial Basement
  • Oven or Range

Schools

  • Highland Elementary And Middle School
  • Highland School

Utilities

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

Additional Features

  • Lot Dimensions are 24 x 125
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 0181221254015

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $6,100
  • Insurance Expense $2,785
  • Maintenance Expense $1,496
  • Water Sewer Expense $3,839
  • Gross Income $45,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,050

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Multi-Family Building remodeled approximately 10 years ago with new wiring, plumbing, furnaces, flooring, walls, kitchens and baths. This brick building houses seven apartments and a laundry mat. Located on down town Ainsworth, Iowa with All apartments are rented. Gross Yearly income is $45,840.00 (including laundry mat) Expenses are $14,220.00.
  • Year Built: 1900
  • Tax Year Report: 2017
  • Rental Permit: Yes
  • Water Annually: 3839
  • Directions: Interstate 218 South to Highway 92 West into Ainsworth.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Close to Shopping
  • Basement Remarks: Partial
  • Possession R: At Closing
  • Possible Finance R: Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 3220

Exterior Features

  • Construction: Brick

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 6100
  • Heating Cooling: Electric, Gas, Central, Forced Air

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Highland
  • Middle School: Highland
  • High School: Highland
  • High School: Highland
  • Jr Middle School: Highland
  • Elementary School: Highland

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 24 x 125
  • Zoning: commercial

Tax Info

  • Gross Tax County City: 2176
  • Assessor Parcel Number: 0181221254015

Multi Family

  • Units Total: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2006
Sold by
Spenner Lauren E and Spenner John L
Bought by
Wd Apartments Llc
Current Estimated Value
$407,589
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wd Apartments Llc $91,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fairchild Properties Llc $258,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2018 10/01/18 Sold $257,000 -11.1% $80 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
03/30/2018 03/30/18 For Sale $289,000 -- $90 / 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 $2,050 $124,600 $3,900 $120,700
2023 $2,098 $124,600 $3,900 $120,700
2022 $2,970 $108,900 $3,900 $105,000
2021 $2,970 $108,900 $3,900 $105,000
2020 $2,640 $98,300 $3,900 $94,400
2019 $1,278 $46,700 $0 $0
2018 $1,280 $46,700 $0 $0
2017 $1,216 $44,006 $0 $0
2016 $1,256 $44,006 $0 $0
2015 $1,256 $23,100 $0 $0
2014 $704 $22,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patty Elliott

    Seller's Agent in 2018

    Patty Elliott

    Elliott Realty Group

    (319) 548-1576

    114 Total Sales

    Patty Elliott
    Section Image
  • Tim Elliott

    Seller Co-Listing Agent in 2018

    Tim Elliott

    Elliott Realty Group

    (319) 461-4413

    120 Total Sales

    Tim Elliott
    Section Image

  • S

    Buyer's Agent in 2018

    Stevie Toomey

    Blank & McCune Real Estate

    (515) 991-1039

    3 Total Sales

    Stevie Toomey
    Section Image
See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20182213

Iowa City Area Association of REALTORS®

APN: 12-21-254-015

Iowa Washington County Ainsworth 52201

242 N Railroad St, Ainsworth, IA

This home is located at 242 N Railroad St, Ainsworth, IA 52201 since 30 March 2018 and is currently estimated at $407,589, approximately $126 per square foot. This property was built in 1900. 242 N Railroad St is a home located in Washington County with nearby schools including Highland 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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

Nearby Homes