NOT LISTED FOR SALE

2700 Olive St Atlantic, IA 50022

Estimated Value: $392,000 - $698,324

5 Beds
3.5 Baths
1,990 Sq Ft
$291/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $650,000 $327 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,896/month

193 Days on Market

Highlights

  • 10.59 Acre Lot
  • 1 Fireplace
  • 2 Car Attached Garage
  • Ranch Style House
  • Great Room
  • Living Room

About This Home

As of October 2023

PRICE REDUCTION! PARK LIKE SETTING!!! This home checks all the boxes! A beautiful home with 5 bedrooms, 3 1/2 baths, and 3980 s/f of total living area sits on 10.34 acres located on the south edge of Atlantic. Enjoy the spectacular view of the pond, the wildlife, and the sunrises from every window and the decks on the back side of the house. Some other features are geothermal heating and cooling, city water, remodeled bathrooms, a new roof in June 2023 and many more updates This home is immaculate and move-in ready! Perfect location if you want to be in the country but a few minutes from anywhere in Atlantic. This kind of acreage doesn't come along very often so call a realtor today to schedule your showing!

Last Agent to Sell the Property

Diane Milner

Property Connection Real Estate License #*** Listed on: 02/13/2023

Last Buyer's Agent

Melissa Ihnen

Meyer & Gross Real Estate Co License #***

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,718

Year Built

  • Built in 1997

Lot Details

  • 10.59 Acre Lot
  • Few Trees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,990 Sq Ft Home
  • 1 Fireplace
  • Great Room
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Basement Window Egress

Parking

  • 2 Car Attached Garage
  • Insulated Garage

Utilities

  • Geothermal Heating and Cooling
  • Septic System

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,718

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Sub Type: Acreage
  • Accessible: None
  • Legal Description: PARCEL A SW1/4 NW1/4 (EXC LOT 1 PARCEL A)
  • Municipality: Atlantic
  • Year Built: 1997
  • OFFICELIST_ADDRESS: 2700 Olive Street
  • Distribute To Internet: Yes
  • List Office I D: 210
  • Sales Office I D: 355
  • Selling Agent: 1217
  • Street Designation: Street
  • Building Style: Ranch
  • Bedroom 1 Level: Main
  • Special Features: None

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Bedrooms: 5
  • Bedroom 1: (1st) Bedroom
  • Bedroom 2: (2nd) Bedroom
  • Bedroom 3: (3rd) Bedroom
  • Bedroom 4: (4th) Bedroom
  • Total Bathrooms: 4
  • Basement: Walkout, Full, Partial Finished, Egress Windows
  • Half Bathrooms: 1
  • Dining Room: Dining Room
  • Family Room: Family Room
  • Kitchen: Kitchen
  • Kitchen Level: Main
  • Living Room: Living Room
  • Room 1: Fifth (5th) Bedroom
  • Room 2: Bathroom
  • Room 3: Bathroom
  • Room 4: Bathroom
  • Room 5: Bathroom
  • Room 6: Great Room
  • Price Per S Q F T: 326.63
  • Above Grade Finished Sq Ft: 1990
  • Below Grade Finished Sq Ft: 995
  • Below Grade Total Sq Ft: 1990
  • Fireplace: Yes
  • Total Finished Sq Ft: 1990
  • Bedroom 2 Level: Main
  • Bedroom 3 Level: Basement
  • Bedroom 4 Level: Basement
  • Dining Room Level: Main
  • Extra Room1 Level: Basement
  • Extra Room2 Level: Main
  • Extra Room3 Level: Main
  • Extra Room4 Level: Basement
  • Extra Room5 Level: Main
  • Extra Room6 Level: Main
  • Family Room Level: Basement
  • Living Room Level: Main

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Asphalt Shingles

Garage/Parking

  • Description: Attached Garage, Insulated Garage
  • Fuel: Natural Gas, Electric

Utilities

  • Air Conditioner: Geothermal
  • Garage Stalls: 2
  • Heating: Geothermal
  • Sewer: Septic System
  • Water: City Water/Connected

Association/Amenities

  • Complex/Development/Subdivision: SW1/4 NW1/4 16-76-36

Fee Information

  • Tax Class: SINGLE FAMILY

Lot Info

  • New Develop: No
  • Acres: 10.59
  • Geo Update Timestamp: 2023-02-14
  • Total Assessed Value: 382000
  • Assessment Pending: No
  • Homestead Description: Owner
  • Lot Description: Irregular Lot, Tree Coverage - Medium
  • Lot Dimensions: irregular. Property line goes through the island of the pond. See attached map
  • Lot Size Sq Ft: 461300
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2021
  • Gross Taxes: 7718

MLS Schools

  • School District: 387 - Atlantic

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2007
Sold by
Allen Michael and Allen Jennifer
Bought by
Downey Michael L and Downey Cathy A
Current Estimated Value
$578,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,500
Outstanding Balance
$95,938
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$482,837
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Downey Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downey Michael L $158,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2023 10/04/23 Sold $650,000 -3.0% $327 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
06/21/2023 06/21/23 Price Changed $670,000 0.0% $337 / Sq Ft
06/21/2023 06/21/23 For Sale $670,000 +3.1% $337 / Sq Ft
06/16/2023 06/16/23 Off Market $650,000 -- --
05/01/2023 05/01/23 Price Changed $675,000 -3.6% $339 / Sq Ft
02/13/2023 02/13/23 For Sale $700,000 -- $352 / Sq Ft
Source: NoCoast MLS

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 $10,612 $614,260 $56,680 $557,580
2024 $10,612 $590,110 $56,680 $533,430
2023 $7,850 $590,110 $56,680 $533,430
2022 $7,718 $382,000 $42,510 $339,490
2021 $7,718 $382,000 $42,510 $339,490
2020 $7,526 $355,070 $42,510 $312,560
2019 $7,396 $331,110 $0 $0
2018 $7,300 $331,110 $0 $0
2017 $7,538 $330,560 $0 $0
2016 $7,010 $313,000 $0 $0
2015 $6,944 $313,000 $0 $0
2014 $7,008 $313,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6305655

NoCoast MLS

APN: 307006995003002