NOT LISTED FOR SALE

301 1st St S Newton, IA 50208

-- Bed
5 Baths
8,700 Sq Ft
9,800 Sq Ft Lot

Last Sold June 22, 2022

Last sale price $165,000 $19 Per Sq Ft

3 Days on Market

Highlights

  • 3 Kitchens
  • Central Air
  • 4-minute walk to Sersland Park
  • No HOA

About This Home

As of June 2022

This property allows you to look ahead with the possibility of expanding from the 3 to 12 apartments (zoned for 12). All 3 apartments are over 1400 square feet, with 2 rented over a year each and 3rd in build status ready to complete. Total square feet 7020 first level and 7020 basement.
There are so many possibilities if your looking for an investment property.

Last Listed By

Chris Behun

Iowa Realty Newton Listed on: 04/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,942

Year Built

  • Built in 1938

Lot Details

  • 9,800 Sq Ft Lot
  • Lot Dimensions are 72x142

Home Design

  • 8,700 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • 3 Kitchens

Listing and Financial Details

  • Assessor Parcel Number 0834163024

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $600
  • Gross Income $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,942

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 20.51
  • Sp Amt Sq Ft: 18.97
  • Termite: Call Listing Agent
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 1
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Second Floor Full Bathrooms: 2
  • Third Floor Full Bathrooms: 2
  • Partial Bath Total: 1
  • Kitchens: 3
  • Laundry: No
  • Living Area Sq Ft: 8700
  • Partial Bathrooms: 1
  • Total Sq Ft: 8700

Exterior Features

  • Exterior: Brick
  • Foundation: Poured
  • Paved: Yes

Utilities

  • Air Conditioner: Central
  • Heat: Heat Pump
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 600

Schools

  • School District: Newton

Lot Info

  • Acres: 0.2314
  • Lot S F: 9800
  • Lot Size: 72X142
  • Assessor Parcel Number: 0834163024
  • Zoning: Multi

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Electric Tenant, Gas Landlord, Insurance Landlord, Water Landlord

Tax Info

  • Gross Taxes: 2942.00
  • Net Taxes: 2942.00

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Newton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jun 21, 2022
Sold by
Esa Muttilainen
Bought by
Yellow Door Holdings Llc
Seller's Agent
Chris Behun
Iowa Realty Newton
Buyer's Agent
Chris Behun
Iowa Realty Newton
List Price
$178,400
Sold Price
$165,000
Premium/Discount to List
-$13,400
-7.51%
Total Days on Market
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Outstanding Balance
$199,472
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2016
Sold by
P I Foundation
Bought by
Muttilainen Esa

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
Yellow Door Holdings Llc $165,000 Fischer & Bouslog Pc
Muttilainen Esa -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yellow Door Holdings Llc $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2022 06/22/22 Sold $165,000 -7.5% $19 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $178,400 -- $21 / 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
2024 $2,226 $118,140 $19,980 $98,160
2023 $2,226 $118,140 $19,980 $98,160
2022 $2,908 $95,490 $19,980 $75,510
2021 $2,942 $78,630 $19,980 $58,650
2020 $2,942 $78,630 $19,980 $58,650
2019 $3,002 $78,630 $0 $0
2018 $3,002 $78,630 $0 $0
2017 $2,678 $70,080 $0 $0
2016 $2,678 $70,080 $0 $0
2015 $1,652 $108,280 $0 $0
2014 $2,456 $108,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Behun

    Seller's Agent in 2022

    Chris Behun

    Iowa Realty Newton

    (641) 521-7091

    116 Total Sales

    Chris Behun
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 649171

Des Moines Area Association of REALTORS®

APN: 08-34-163-024

Iowa Jasper County Newton 50208

301 1st St S, Newton, IA

Homes for Sale in Newton, IA

This home is located at 301 1st St S, Newton, IA 50208 since 08 April 2022. This property was built in 1938. 301 1st St S is a home located in Jasper County with nearby schools including Thomas Jefferson Elementary School, Woodrow Wilson Elementary School, and Berg Middle 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.

Des Moines Area Association of REALTORS® 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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