NOT LISTED FOR SALE

2704 Friendship St Iowa City, IA 52245

Eastside Neighborhood

Estimated Value: $255,005 - $269,000

4 Beds
2 Baths
1,456 Sq Ft
$179/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $213,000 $146 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,728/month

54 Days on Market

Highlights

  • Living Room
  • Park
  • Forced Air Heating System
  • City High School Rated A-
  • Property is near schools
  • 4-minute walk to Court Hill Park

About This Home

As of June 2022

This is a beautifully maintained two family duplex, which sits on the corner of Friendship and Meadow Streets. 532 Meadow is owner occupied, and 2704 Friendship is currently rented to a long-term, excellent "dream tenant," on a month to month basis, who would be happy to stay on for at least two more years. (Tenant pays utilities/separately metered--not included in stated costs). The property is close to school, shopping, and bus, as well as to walking trails to Court Hill and Creekside Parks. Original hardwood flooring throughout--with 532 having been refinished recently, and 2704 in the last several years. Owner occupied unit has brand new stove and dryer. Generous storage space throughout. Newer windows, roof 2009, furnace 2002. Full basement with sump pump. Private, separately fenced in backyards with mature trees.

Last Agent to Sell the Property

Gerhild Krapf

Homes & Hearth, LLC Listed on: 03/12/2022

Co-Listed By

Michael Brau

Homes & Hearth, LLC

Last Buyer's Agent

Joseph Gaffey

Keller Williams Legacy Group

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,058

Year Built

  • Built in 1959

Lot Details

  • Lot Dimensions are 127' x 90' x 130' x 90'

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,456 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Microwave

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Location

  • Property is near schools
  • Property is near shops

Schools

  • Lucas Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1013206007

Community Details

Overview

  • 2 Units
  • Court Hill Addition Subdivision

Recreation

  • Park

Building Details

  • Electric Expense $286
  • Fuel Expense $376
  • Insurance Expense $771
  • Maintenance Expense $1,000
  • Water Sewer Expense $480
  • Gross Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,058

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: This is a beautifully maintained two family duplex, which sits on the corner of Friendship and Meadow Streets. 532 Meadow is owner occupied, and 2704 Friendship is currently rented to a long-term, excellent "dream tenant," on a month to month basis, who would be happy to stay on for at least two more years. (Tenant pays utilities/separately metered--not included in stated costs). The property is close to school, shopping, and bus, as well as to walking trails to Court Hill and Creekside Parks. Original hardwood flooring throughout--with 532 having been refinished recently, and 2704 in the last several years. Owner occupied unit has brand new stove and dryer. Generous storage space throughout. Newer windows, roof 2009, furnace 2002. Full basement with sump pump. Private, separately fenced in backyards with mature trees.
  • Year Built: 1959
  • Tax Year Report: 2019
  • Subdivision: Court Hill Addition
  • Rental Permit: Yes
  • Water Annually: 480
  • Directions: East on Iowa Ave., right onto Muscatine, slight left onto E. Court St., right onto S. 1st Ave., first left onto Friendship. Property is on left.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Park, Sidewalks, Street Lights, Close to School, Close to Shopping
  • Basement Remarks: Sump Pump, Full, Unfinished
  • Possession R: Other
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Sq Ft Above: 1456

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 285.56
  • Gas Annually: 375.55
  • Heating Cooling: Window/Wall Units, Gas, Forced Air

Schools

  • Elementary School: Lucas
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Lucas

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 127' x 90' x 130' x 90'
  • Zoning: Residential

Rental Info

  • Lease Value: 1800

Tax Info

  • Gross Tax County City: 3850
  • Assessor Parcel Number: 1013206007

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2022
Closed on
Jun 7, 2022
Sold by
Jo Daly Mary
Bought by
Gaffey Hillary K and Gaffey Mary Beth
Seller's Agent
Gerhild Krapf
Homes & Hearth, LLC
Buyer's Agent
Joseph Gaffey
Keller Williams Legacy Group
List Price
$208,000
Sold Price
$213,000
Premium/Discount to List
$5,000
2.4%
Current Estimated Value
$261,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,001
Avg. Annual Appreciation
6.28%
Original Mortgage
$168,800
Outstanding Balance
$157,868
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$102,242
Source: Public Records

Range of Values:

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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
Gaffey Hillary K $211,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaffey Hillary K $168,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $213,000 +2.4% $146 / Sq Ft
03/12/2022 03/12/22 For Sale $208,000 -- $143 / 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 $4,058 $215,710 $64,460 $151,250
2023 $3,878 $215,710 $64,460 $151,250
2022 $3,650 $176,240 $55,870 $120,370
2021 $3,646 $176,240 $55,870 $120,370
2020 $3,646 $168,660 $51,570 $117,090
2019 $3,320 $168,660 $51,570 $117,090
2018 $26 $151,100 $47,270 $103,830
2017 $3,322 $158,320 $47,270 $111,050
2016 $3,258 $151,150 $38,680 $112,470
2015 $3,258 $151,150 $38,680 $112,470
2014 $3,180 $146,980 $38,680 $108,300
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gerhild Krapf

    Homes & Hearth, LLC

    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Michael Brau

    Homes & Hearth, LLC

    Section Image

  • J

    Buyer's Agent in 2022

    Joseph Gaffey

    Keller Williams Legacy Group

    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202201404

Iowa City Area Association of REALTORS®

APN: 1013206007

Iowa Johnson County Iowa City 52245 Eastside

2704 Friendship St, Iowa City, IA

This home is located at 2704 Friendship St, Iowa City, IA 52245 since 12 March 2022 and is currently estimated at $261,001, approximately $179 per square foot. This property was built in 1959. 2704 Friendship St is a home located in Johnson County with nearby schools including Robert Lucas Elementary School, Southeast Junior High School, and City 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.

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