NOT LISTED FOR SALE

2490 260th St New London, IA 52645

Estimated Value: $156,434

1.41 Acres
$110,946 Price per Acre
61,420 Sq Ft Lot

Last Sold March 23, 2023

Last sale price $135,000 $64 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $934/month

44 Days on Market

About This Lot

As of March 2023

Property sells at Online Only Auction with Bidding Ending Wed., Feb. 22nd at 10AM. 1.74 Acres with heated shop: The Henderson real estate is ideally located 1.5 miles West of New London on a hard surfaced road and contains 1.74 acres of land. It is improved with a fully insulated and heated 28’ x 75’ shop/warehouse with concrete floor, vehicle service pit and (2) 14’ x 14’ overhead doors. There is also a 19’ x 64’ open front pole building that’s great for equipment storage. Additionally, there are 2 billboards on the property that generate annual income. Current owner prior to his passing used the main building for his personal storage/shop and was in the process of framing a portion of it into livable space to accommodate 3 bedrooms and 2 baths. However, the work has not been entirely completed and changes can easily be made. Previously the real estate and its improvements were used for a landscaping business. List price is assessed value and has no effect on final sale price.

Last Agent to Sell the Property

Carrie Fraise

Fraise Auction & Real Estate License #*** Listed on: 01/09/2023

Last Buyer's Agent

Carrie Fraise

Fraise Auction & Real Estate License #*** Listed on: 01/09/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $996

Year Built

  • Built in 1984

Lot Details

Parking

  • 3

Utilities

  • Forced Air Heating System

Property Details

Property Type

Land

Est. Annual Taxes

$996

Year Built

Built in 1984

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Unimproved Land
  • Year Built: 1984
  • Property Type: Residential
  • Co List Office Mls Id: NOC28616
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Basement: None
  • Fireplace: No
  • Full Bathrooms: 2

Exterior Features

  • Construction Type: Metal Siding
  • Common Walls: 0

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached Garage, Gravel

Utilities

  • Heating: Forced Air
  • Sewer: Septic Tank
  • Cooling: None
  • Water Source: Rural/Municipality

Condo/Co-op/Association

  • Association Name: SEIA

Lot Info

  • Lot Dimensions: Irregular
  • Lot Size Units: Acres
  • Lot Size Sq Ft: 61420

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2023
Closed on
Mar 22, 2023
Sold by
Henderson Michael Lavahn
Bought by
Burden Merlin D and Burden Debra J
Seller's Agent
Carrie Fraise
Fraise Auction & Real Estate
Buyer's Agent
Carrie Fraise
Fraise Auction & Real Estate
List Price
$62,860
Sold Price
$135,000
Premium/Discount to List
$72,140
114.76%
Views
89
Current Estimated Value
$156,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,434
Avg. Annual Appreciation
6.23%

Purchase Details

Closed on
Jan 10, 2019
Sold by
Meinen Katherine J
Bought by
Henderson Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.7%
Mortgage Type
Balloon
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 Buyer Sale Price Title Company
Burden Merlin D $135,000 None Listed On Document
Henderson Michael L $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Henderson Michael L $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Sold $135,000 +114.8% $64 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $62,860 -- $30 / Sq Ft
Source: NoCoast MLS

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 $996 $64,110 $32,100 $32,010
2023 $1,162 $64,110 $32,100 $32,010
2022 $1,132 $62,860 $32,100 $30,760
2021 $1,132 $62,860 $32,100 $30,760
2020 $2,116 $69,610 $31,150 $38,460
2019 $1,228 $64,980 $0 $0
2018 $1,204 $64,980 $0 $0
2017 $1,204 $65,220 $0 $0
2016 $1,170 $65,220 $0 $0
2015 $1,170 $68,110 $0 $0
2014 $1,334 $68,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carrie Fraise

    Seller's Agent in 2023

    Carrie Fraise

    Fraise Auction & Real Estate

    (319) 371-5638

    193 Total Sales

    Carrie Fraise
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Map

Source: NoCoast MLS

MLS Number: NOC6305016

NoCoast MLS

APN: 190092140000400

Iowa Henry County New London 52645

2490 260th St, New London, IA

This home is located at 2490 260th St, New London, IA 52645 since 09 January 2023 and is currently estimated at $156,434, approximately $74 per square foot. This property was built in 1984. 2490 260th St is a home located in Henry County with nearby schools including Clark Elementary School and New London Junior/Senior 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.

NoCoast MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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