$148,000
SOLD MAR 31, 2016

245 S Chestnut St North Liberty, IA 52317

-- Bed
-- Bath
1,440 Sq Ft
1976 Built

Recently Sold

$103 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • Forced Air Cooling System
  • North Central Junior High School Rated A-
  • Shed

About This Home

As of November 2021

This lovely duplex is perfect for investment property with 2 bedrooms and 1 full bath per side. It has potential to be owner-occupied and income property or simply income alone—it’s up to you! Shaded by gorgeous trees, this one-story ranch is on a quiet street near schools, shopping, and a park. Each unit has everything you need: a gas fireplace, East-facing windows in the living room, central air, and laundry hook-ups. You’ll love the location & the new remodeling. Don’t wait too long to see this one!

Last Agent to Sell the Property

Rob McCain

Urban Acres Real Estate Corridor Listed on: 01/28/2016

Urban Acres Real Estate Corridor

Last Buyer's Agent

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,093

Year Built

  • 1976

Parking

  • 2 Parking Spaces

Home Design

  • 1,440 Sq Ft Home
  • Frame Construction

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Laundry in unit
  • Shed
  • Lot Dimensions are 60 x 135

Community Details

  • Gross Income $16,800
  • Net Operating Income $15,835

Listing and Financial Details

  • Tenant pays for water, electricity, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,093

Year Built

1976

Lot Details

0

Listing Details

  • City Name: North Liberty
  • Gross Tax: 2093
  • List User Cell Phone: 319-621-7653
  • Miscellaneous: Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Shed, Unit Laundry
  • Net Tax: 1932
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.95484
  • Ratio Close Price By Original Li: 0.95484
  • Ratio Current Price By Sq Ft: 102.78
  • Total Sq Ft: 1440
  • Style St: Side/Side
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: RS-8
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Schools

  • Elementary School: Penn
  • Middle School: North Central
  • High School: West

Lot Info

  • Lot Size: 60 X 135

Rental Info

  • Owner Pays: Water
  • Total Expenses: 965

Multi Family

  • Gross Income: 16800
  • Net Operating Income: 15835.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2024
Sold by
Stein Jesse J
Bought by
Kratz Ben A and Kratz Haub T
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.
Original Mortgage
$172,500
Outstanding Balance
$170,858
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$59,867

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
Buyer's Agent
Matthew Lepic
LEPIC-KROEGER CORRIDOR, 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
3.97%
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

Listed on
Jan 28, 2016
Closed on
Mar 30, 2016
Sold by
Mccain Wyatt and Mccain Sheela Hartley
Bought by
Ostwinkle Troy and Ostwinkle Brandy
Seller's Agent
Rob McCain
Urban Acres Real Estate Corridor
Buyer's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$155,000
Sold Price
$148,000
Premium/Discount to List
-$7,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.88%

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
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 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
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 +48.6% $153 / Sq Ft
03/31/2016 03/31/16 Sold $148,000 -4.5% $103 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $155,000 -- $108 / Sq Ft
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
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: Cedar Rapids Area Association of REALTORS®

MLS Number: 1600620

Cedar Rapids Area Association of REALTORS®

APN: 0718203015