$200,000
SOLD NOV 19, 2021

245 S Chestnut St Unit 245 & 245 1/2 North Liberty, IA 52317

4 Beds
2 Baths
1,440 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$139 Per Sq Ft

9% Below List Price

108 Days on Market

Highlights

  • 2 Fireplaces
  • Living Room
  • Forced Air Heating and Cooling System
  • North Central Junior High School Rated A-
  • Property is near schools
  • Ceiling Fan

About This Home

As of May 2024

Investor Alert! Currently rented through June 2022 duplex in North Liberty. Each side is 2 Bedrooms and 1 Bath with a fireplace. Rents for $800 & $750 per side. The tenant pays all utilities and is responsible for snow removal and mowing! All appliances are included except for the washer and dryer as those are the tenants. 24 Hour notice to show due to being tenant occupied. Being Sold- As is. Call today!

Last Agent to Sell the Property

Jill Armstrong

Skogman Realty Co. Listed on: 07/19/2021

Skogman Realty Co.

Last Buyer's Agent

Matthew Lepic

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,628

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 60x135

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,440 Sq Ft Home
  • Ceiling Fan
  • 2 Fireplaces
  • Living Room
  • Oven or Range

Location

  • Property is near schools
  • Property is near shops

Schools

  • Garner Elementary School
  • North Central Middle School
  • Liberty High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 0718203015

Community Details

Overview

  • 2 Units
  • Beaver Kreek Subdivision

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Gross Income $20,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,628

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Investor Alert! Currently rented through June 2022 duplex in North Liberty. Each side is 2 Bedrooms and 1 Bath with a fireplace. Rents for $800 & $750 per side. The tenant pays all utilities and is responsible for snow removal and mowing! All appliances are included except for the washer and dryer as those are the tenants. 24 Hour notice to show due to being tenant occupied. Being Sold- As is. Call today!
  • Year Built: 1976
  • Tax Year Report: 2018
  • Subdivision: Beaver Kreek
  • Rental Permit: Yes
  • Directions: Hwy 965 to East on Zeller past Front St. then turn right onto Chestnut.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School, Close to Shopping
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 1440
  • Number of Fireplaces: 2

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: None

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Electric, Gas, Central, Forced Air

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Garner
  • Middle School: North Central
  • High School: Liberty High School
  • High School: Liberty High School
  • Jr Middle School: North Central
  • Elementary School: Garner

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 60x135
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 2864
  • Assessor Parcel Number: 0718203015

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2023
Closed on
Apr 17, 2024
Sold by
Stein Jesse J
Bought by
Kratz Ben A and Kratz Haub T
Seller's Agent
Teague Case
Westwinds Real Estate Services, Inc.
Buyer's Agent
Carrie Floss
Urban Acres Real Estate
List Price
$255,000
Sold Price
$230,000
Premium/Discount to List
-$25,000
-9.8%
Views
127
Current Estimated Value
$239,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,950
Avg. Annual Appreciation
3.62%
Original Mortgage
$172,500
Outstanding Balance
$170,858
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$69,092

Purchase Details

Listed on
Jul 19, 2021
Closed on
Nov 12, 2021
Sold by
Danas Investment Llc
Bought by
Stein Jesse J
Seller's Agent
Jill Armstrong
Skogman Realty Co.
Buyer's Agent
Matthew Lepic
Lepic-Kroeger, REALTORS
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$150,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2019
Sold by
Ostwinkle Troy and Ostwinkle Brandy
Bought by
Sharairi Hadi

Purchase Details

Closed on
Apr 30, 2019
Sold by
Sharairi Hadi and Abedallah Emman
Bought by
Dana S Investments Llc

Purchase Details

Closed on
Jan 25, 2019
Sold by
Ostwinkle Troy and Ostwinkle Brandy
Bought by
Danas Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,479
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2016
Sold by
Mccain Wyatt and Mccain Sheela Hartley
Bought by
Ostwinkle Troy and Ostwinkle Brandy

Purchase Details

Closed on
Nov 23, 2009
Sold by
Martin Paul E and Martin Pauline G
Bought by
Mccain Wyatt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,710
Interest Rate
5.05%
Mortgage Type
FHA
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 Type Sale Price Title Company
Warranty Deed $230,000 None Listed On Document
Warranty Deed $200,000 None Available
Warranty Deed $148,000 None Available
Quit Claim Deed -- None Available
Warranty Deed $148,000 None Available
Warranty Deed -- None Available
Warranty Deed $125,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $172,500 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $114,479 Commercial
Previous Owner $20,000 Credit Line Revolving
Previous Owner $122,710 FHA
Previous Owner $29,285 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $230,000 -4.1% $160 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
02/12/2024 02/12/24 Price Changed $239,900 -2.0% $167 / Sq Ft
11/27/2023 11/27/23 Price Changed $244,900 -2.0% $170 / Sq Ft
11/15/2023 11/15/23 Price Changed $249,900 -2.0% $174 / Sq Ft
11/01/2023 11/01/23 For Sale $255,000 +27.5% $177 / Sq Ft
11/19/2021 11/19/21 Sold $200,000 -7.0% $139 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
08/13/2021 08/13/21 Price Changed $215,000 -2.3% $149 / Sq Ft
07/19/2021 07/19/21 For Sale $220,000 -- $153 / 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 $3,628 $215,600 $52,400 $163,200
2023 $3,302 $215,600 $52,400 $163,200
2022 $3,130 $170,200 $26,200 $144,000
2021 $3,162 $170,200 $26,200 $144,000
2020 $3,162 $163,900 $26,200 $137,700
2019 $2,920 $163,900 $26,200 $137,700
2018 $2,864 $151,400 $26,200 $125,200
2017 $2,864 $151,400 $26,200 $125,200
2016 $2,296 $132,900 $26,200 $106,700
2015 $2,296 $132,900 $26,200 $106,700
2014 $1,932 $112,800 $26,200 $86,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202104197

Iowa City Area Association of REALTORS®

APN: 0718203015