NOT LISTED FOR SALE

2862 Rea Rd Lorimor, IA 50149

Estimated Value: $86,000 - $448,357

27.75 Acres
$10,066 Price per Acre
1,208,790 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $400,000 $444 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $1,597/month

50 Days on Market

Highlights

  • 27.75 Acre Lot
  • Pond
  • Main Floor Primary Bedroom
  • Deck
  • Wood Flooring
  • Sun or Florida Room

About This Lot

As of August 2022

28 acres m/l of paradise on asphalt! 40x60 Barndominium has everything you need. Garage side is 28x60, house side is 12x60 with additional 144 sqft of 3 seasons room with corn burner and 225 sqft of loft for an extra bedroom for a total of 1,089 sqft of living space! Open concept has kitchen with eat in dining that opens to the living room with gas fireplace (notice the beautiful Luxury Vinyl Plank flooring). Master bedroom and 3/4 bath on main level. Garage has horse stalls and lots of room to park vehicles and toys. Property has 2 ponds, peach and apple trees, all the room you need to plant your gardens, and wildlife such as turkey and deer.

Last Agent to Sell the Property

Jessica Credidio

Iowa Realty Indianola Listed on: 06/21/2022

Iowa Realty Indianola

Last Buyer's Agent

Donna Meador

Century 21 Signature

Century 21 Signature

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,164

Year Built

  • Built in 2009

Lot Details

  • 27.75 Acre Lot
  • Irregular Lot
  • Property is zoned Ag

Home Design

  • Slab Foundation
  • Poured Concrete
  • Metal Roof

Interior Spaces

  • 900 Sq Ft Home
  • Screen For Fireplace
  • Gas Log Fireplace
  • Drapes & Rods
  • Family Room
  • Sun or Florida Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main
  • 1 Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Uses Propane
  • Rural Water
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0407400009

Community Details

Overview

  • No Home Owners Association

Recreation

  • Pond
  • Deck
  • Covered Patio or Porch

Property Details

Property Type

Land

Est. Annual Taxes

$1,164

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Acreages
  • Style: See Remarks
  • Lp Amt Sq Ft: 466.11
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 444.44
  • Termite: Follow Showing Instructions
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Fireplace: Gas Log
  • Interior Amenities: 1st Flr Laundry, Drapes/Curtains, Fireplace Screen, Hardwood Floors, Smoke Detector, Tile Floors
  • Total Bathrooms: 1.00
  • Partial Bath Total: 1
  • Partial Bath 1st Floor: 1
  • Basement Description: Slab
  • Dining Room: Eat In Kitchen
  • Family Room: 1st Floor
  • Other Rooms: 3 Season
  • Included Items: Dryer, Microwave, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 900
  • Total Sq Ft: 900

Exterior Features

  • Exterior Features: Covered Patio, Deck, Pond
  • Foundation: Poured
  • Roof: Metal
  • Street Feature: Asphalt
  • Trim: Pine

Garage/Parking

  • Driveway: Gravel
  • Garage: 3 Attached

Utilities

  • Sewer: Septic
  • Water: Rural
  • Air Conditioner: Window Unit
  • Heat: Propane, See Remarks

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 27.7500
  • Lot Shape: Irregular
  • Assessor Parcel Number: 0407400009
  • Zoning: Ag

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

Tax Info

  • Gross Taxes: 1164.00
  • Net Taxes: 1150.00

MLS Schools

  • School District: East Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2022
Closed on
Aug 29, 2022
Sold by
Rosene Robert M and Rosene Diane R
Bought by
Steven M Day Lifetime Trust
Seller's Agent
Jessica Credidio
Iowa Realty Indianola
Buyer's Agent
Donna Meador
Century 21 Signature
List Price
$438,000
Sold Price
$400,000
Premium/Discount to List
-$38,000
-8.68%
Current Estimated Value
$279,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$120,661
Avg. Annual Appreciation
-9.88%

Purchase Details

Listed on
Jan 5, 2012
Closed on
Feb 23, 2012
Sold by
Jeffs Terry
Bought by
Rosene Robert M and Rosene Diane R
Seller's Agent
Lawrence Watts
Madison County Realty
Buyer's Agent
Lawrence Watts
Madison County Realty
List Price
$159,000
Sold Price
$159,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Steven M Day Lifetime Trust $400,000 --
Rosene Robert M $159,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2022 08/31/22 Sold $400,000 -4.6% $444 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $419,500 -4.2% $466 / Sq Ft
06/21/2022 06/21/22 For Sale $438,000 +175.5% $487 / Sq Ft
03/02/2012 03/02/12 Sold $159,000 0.0% $184 / Sq Ft View Prior Sale
03/01/2012 03/01/12 Pending -- -- --
01/05/2012 01/05/12 For Sale $159,000 -- $184 / Sq Ft
Source: Des Moines Area Association of REALTORS®

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 $1,710 $145,280 $31,820 $113,460
2024 $1,710 $120,480 $18,970 $101,510
2023 $2,126 $117,980 $18,970 $99,010
2022 $2,124 $102,840 $13,540 $89,300
2021 $2,124 $99,080 $15,420 $83,660
2020 $1,140 $48,640 $17,050 $31,590
2019 $1,192 $60,310 $0 $0
2018 $1,128 $60,310 $0 $0
2017 $1,128 $64,360 $0 $0
2016 $1,110 $64,360 $0 $0
2015 $1,110 $64,706 $0 $0
2014 $1,106 $64,706 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 654591

Des Moines Area Association of REALTORS®

APN: 0407400009