NOT LISTED FOR SALE

2824 N Court St Ottumwa, IA 52501

Estimated Value: $1,556,747

-- Bed
1 Bath
25,132 Sq Ft
$62/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $1,330,000 $53 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $10,992/month

159 Days on Market

Highlights

  • Indoor Pool
  • No HOA
  • Carpet
  • 1.15 Acre Lot
  • Forced Air Heating System

About This Home

As of April 2023

Opportunity to convert this well cared for hotel in Ottumwa Iowa to workforce development housing. The property features 45 rooms plus managers suite. Amenities include pool and dining area. Perfect conversion features included sprinkler system in place and crawl space for easy MEP install.

Last Agent to Sell the Property

Ryan Wiederstein

WB Realty Company Listed on: 05/15/2022

Co-Listed By

Eena Gardner

RE/MAX Precision

Last Buyer's Agent

Ryan Wiederstein

WB Realty Company Listed on: 05/15/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 1.15 Acre Lot
  • Irregular Lot

Parking

  • Driveway

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 1 Full Bathroom
  • 25,132 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Carpet
  • Crawl Space

Pool

  • Indoor Pool

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 007411540015000

Community Details

Overview

  • No Home Owners Association
  • 46 Units

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 54.91
  • Sp Amt Sq Ft: 52.92
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Carpeting, Drapes/Curtains, Indoor Pool
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Crawl Space
  • Living Area Sq Ft: 25132
  • Total Sq Ft: 25132

Exterior Features

  • Exterior: Frame, Stucco, Vinyl Siding
  • Foundation: Poured
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Electric Forced Air

Association/Amenities

  • Amenities: Community Swimming Pool

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 1.1500
  • Lot S F: 50094
  • Lot Shape: Irregular
  • Assessor Parcel Number: 007411540015000
  • Zoning: com

Rental Info

  • Landlord Tenant Utilities: Building Insurance Owner, Electric Landlord, Gas Landlord, Insurance Landlord, Janitor Owner, Misc Exp Landlord, Taxes Owner, Water Landlord

Tax Info

  • Gross Taxes: 34840.00
  • Net Taxes: 34840.00
  • Tax Year: 2022

Multi Family

  • Total Units: 46

MLS Schools

  • School District: Ottumwa

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2022
Closed on
Apr 15, 2023
Sold by
Ask Hospitality Llc
Bought by
Kindred House Of Ottumwa Llc
Seller's Agent
Ryan Wiederstein
WB Realty Company
Buyer's Agent
Ryan Wiederstein
WB Realty Company
List Price
$1,600,000
Sold Price
$1,330,000
Premium/Discount to List
-$270,000
-16.88%
Views
157
Current Estimated Value
$1,556,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,747
Avg. Annual Appreciation
6.05%
Original Mortgage
$2,777,000
Outstanding Balance
$2,585,076
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
-$1,028,329
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kindred House Of Ottumwa Llc $1,330,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kindred House Of Ottumwa Llc $2,777,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2023 04/21/23 Sold $1,330,000 -3.6% $53 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
09/28/2022 09/28/22 Price Changed $1,380,000 -4.8% $55 / Sq Ft
07/27/2022 07/27/22 Price Changed $1,450,000 -9.4% $58 / Sq Ft
05/15/2022 05/15/22 For Sale $1,600,000 -- $64 / Sq Ft
Source: Des Moines 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
2025 $33,726 $1,873,550 $208,800 $1,664,750
2024 $33,726 $1,555,180 $208,800 $1,346,380
2023 $47,276 $1,494,450 $208,800 $1,285,650
2022 $40,652 $1,259,800 $208,800 $1,051,000
2021 $43,869 $945,530 $133,990 $811,540
2020 $36,182 $945,530 $133,990 $811,540
2019 $35,452 $945,530 $0 $0
2018 $35,222 $945,530 $0 $0
2017 $35,222 $1,099,450 $0 $0
2016 $42,112 $1,099,450 $0 $0
2015 $40,512 $1,071,600 $0 $0
2014 $40,512 $1,071,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Wiederstein

    Seller's Agent in 2023

    Ryan Wiederstein

    WB Realty Company

    (515) 554-4543

    1 in this area

    112 Total Sales

    Ryan Wiederstein
    Section Image
  • Eena Gardner

    Seller Co-Listing Agent in 2023

    Eena Gardner

    RE/MAX

    (515) 330-5710

    1 in this area

    136 Total Sales

    Eena Gardner
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 651960

Des Moines Area Association of REALTORS®

APN: 007411540015000

Iowa Wapello County Ottumwa 52501

2824 N Court St, Ottumwa, IA

Not Listed for Sale

MultiFamily

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