NOT LISTED FOR SALE

301 E Nuckols St Red Oak, IA 51566

Estimated Value: $61,000 - $63,000

6 Beds
4 Baths
2,247 Sq Ft
$28/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $40,000 $18 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $416/month

23 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Wood Siding
  • Concrete Block With Brick
  • Ceiling Fan
  • 3-minute walk to Fountain Park Farmer's Mkt

About This Home

As of February 2019

This 4-unit, income-producing property in Red Oak is an excellent investment opportunity. This 2-story apartment building sits on a corner lot walking distance from the Red Oak Square. This complex has (1) studio apartment on the second floor [327 sq. ft.], (1) 1-bedroom apartment on the main floor [490 sq. ft.] and (2) 2-bedroom apartments on the main & second floor [619 sq. ft]. Every unit includes stove, fridge, window A/C unit and off-street parking; there is also common area coin-operated laundry in the basement. This complex has potential for a great return with the right investor. **Please see the attached documents or pictures for the Profit Loss Analysis broken down by monthly expenses/income. **

Last Listed By

Audie Rainey

Rubey Realty Listed on: 12/17/2018

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 7,320 Sq Ft Lot
  • Lot Dimensions are 61 x 120
  • Unpaved Streets

Home Design

  • Concrete Block With Brick
  • Wood Siding

Interior Spaces

  • 2,247 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Carpet
  • Walk-Out Basement
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family
  • Copyright Remarks: Yes
  • Legal Description: Orig Plat LT 7 & W 16' LT 8 BLK 60, City of Red Oak, Montgomery county, Iowa
  • Municipality: Red Oak
  • Year Built: 1910
  • Home Warranty: No
  • OFFICELIST_ADDRESS: 301 E Nuckols
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2018-12-17
  • List Office I D: 352
  • M L Number Foreign: WCIR20156765
  • Sales Office I D: 352
  • Selling Agent: 1247
  • Share Listings With: CoreLogic Listing License, Realtor.com, Homes.com, Broker Reciprocity, RPR Listing License
  • Building Style: 2 Story
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Flooring: Carpet, Other
  • Bedrooms: 6
  • Bedroom 1: No
  • Bedroom 2: No
  • Bedroom 3: No
  • Bedroom 4: No
  • Total Bathrooms: 4
  • Basement: Walkout, Concrete Block
  • Dining Room: No
  • Family Room: No
  • Kitchen: No
  • Living Room: No
  • Price Per S Q F T: 17.8
  • Above Grade Finished Sq Ft: 2247
  • Below Grade Total Sq Ft: 336
  • Fireplace: No
  • Room Types: Dining Room, Extra Room 1, Extra Room 2, Extra Room 3, Extra Room 4, Extra Room 5, Extra Room 6, Family Room, Bedroom 1, Bedroom 4, Kitchen, Living Room, Bedroom 2, Bedroom 3
  • Interior Trim: Mixed

Exterior Features

  • Exterior: Wood
  • Road Frontage: Paved Streets, Unpaved Streets
  • Roof: Other

Garage/Parking

  • Description: None
  • Fuel: Natural Gas

Utilities

  • Air Conditioner: Window
  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected
  • Electric: Fuses

Condo/Co-op/Association

  • Amenities: Porch, Ceiling Fan(s), Other

Fee Information

  • Tax Class: SINGLE FAMILY

Schools

  • School District: Red Oak

Lot Info

  • New Develop: No
  • Acres: 0.17
  • Lot Dimensions: 61 x 120
  • Lot Size Sq Ft: 7320
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Rental License: No

Tax Info

  • Tax With Assessments: 1340
  • Gross Taxes: 1340

MLS Schools

  • School District: 5463 - Red Oak
  • School District Name: Red Oak

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Monroe Property Company Llc $3,500,000
Closed Monroe Property Co Llc $40,078
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2019 02/26/19 Sold $40,000 -16.7% $18 / Sq Ft
01/09/2019 01/09/19 Pending -- -- --
12/17/2018 12/17/18 For Sale $48,000 -- $21 / Sq Ft
Source: NoCoast MLS

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 $850 $37,720 $4,120 $33,600
2023 $1,008 $37,720 $4,120 $33,600
2022 $1,116 $37,390 $4,120 $33,270
2021 $1,192 $37,390 $4,120 $33,270
2020 $1,192 $37,390 $4,120 $33,270
2019 $415 $37,390 $4,120 $33,270
2018 $1,340 $37,390 $0 $0
2017 $1,340 $37,390 $0 $0
2015 $2,308 $62,180 $0 $0
2014 $2,486 $54,070 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5396820

NoCoast MLS

APN: 600-62-83-160070-00