NOT LISTED FOR SALE

3011 Stanford Ave Iowa City, IA 52245

Washington Hills Neighborhood

Estimated Value: $242,000 - $294,622

4 Beds
3 Baths
1,040 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 05, 2023

Last sale price $270,000 $260 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,838/month

54 Days on Market

Highlights

  • Living Room
  • Property is near schools
  • Ceiling Fan
  • City High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of January 2023

This 2-unit rental is in excellent shape and ready for new tenants. Main floor features 3 beds with 1 1/2 baths, single car garage, newer appliances, and beautiful hardwood floors. Laundry on the lower level with room for additional storage. This unit was previously rented for $1600 per month with tenant paying utilities and handling lawn care and snow removal. The lower level is a 1 bed 1 bath unit, previously rented for $750 per month. Separate entrance and parking pad for 2 vehicles on the side of the home. See proforma in associated docs. Also being offered as a single-family home in separate listing.

Last Agent to Sell the Property

Jeff Edberg

Lepic-Kroeger, REALTORS Listed on: 10/20/2022

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Chris Lehman

Edge Realty Group

Edge Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,048

Year Built

  • Built in 1966

Lot Details

  • 8,407

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,040 Sq Ft Home
  • Ceiling Fan
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Natural lighting in basement

Schools

  • Lemme Elementary School
  • Southeast Middle School

Utilities

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

Additional Features

  • Lot Dimensions are 70 x 120
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number 1012460006

Community Details

Overview

  • 2 Units
  • Oak Woods Addition Part 1 Subdivision

Building Details

  • Insurance Expense $781
  • Gross Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,048

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: This 2-unit rental is in excellent shape and ready for new tenants. Main floor features 3 beds with 1 1/2 baths, single car garage, newer appliances, and beautiful hardwood floors. Laundry on the lower level with room for additional storage. This unit was previously rented for $1600 per month with tenant paying utilities and handling lawn care and snow removal. The lower level is a 1 bed 1 bath unit, previously rented for $750 per month. Separate entrance and parking pad for 2 vehicles on the side of the home. See proforma in associated docs. Also being offered as a single-family home in separate listing.
  • T Val: 270000
  • Year Built: 1966
  • Tax Year Report: 2021
  • Subdivision: Oak Woods Addition Part 1
  • Rental Permit: Yes
  • Directions: From S 1st Ave, east on E Court St, north on S Westminster St, east on Stanford Ave, house is on the south side of the street.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School
  • Basement Remarks: Sump Pump, Full, Walkout, Daylight Windows
  • Possession R: Immediate
  • Possible Finance R: Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
  • Sq Ft Above: 1040
  • Lower Level Sq Ft: 775

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Window/Wall Units, Gas, Central, Forced Air

Condo/Co-op/Association

  • Fees Include: None

Schools

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

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 70 x 120
  • Zoning: RS8

Tax Info

  • Gross Tax County City: 3610
  • Assessor Parcel Number: 1012460006

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2022
Closed on
Jan 5, 2023
Sold by
Prestige Properties Iv Llc
Bought by
Lehman Kevin J
Seller's Agent
Jeff Edberg
Lepic-Kroeger, REALTORS
Buyer's Agent
Chris Lehman
Edge Realty Group
List Price
$295,000
Sold Price
$270,000
Premium/Discount to List
-$25,000
-8.47%
Views
18
Current Estimated Value
$277,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,656
Avg. Annual Appreciation
0.16%
Original Mortgage
$270,000
Outstanding Balance
$258,707
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$12,463

Purchase Details

Closed on
Jul 19, 2019
Sold by
Nicjen Llc
Bought by
Prestige Properties Iv Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2005
Sold by
Pizzini Nicole J
Bought by
Nicjen Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,169
Interest Rate
6.07%
Mortgage Type
Unknown
Source: Public Records

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
Lehman Kevin J $270,000 --
Prestige Properties Iv Llc $220,000 None Available
Nicjen Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lehman Kevin J $270,000
Previous Owner Prestige Properties Iv Llc $176,000
Previous Owner Nicjen Llc $181,000
Previous Owner Nicjen Llc $75,159
Previous Owner Pizzini Nicole J $81,169
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2023 01/05/23 Sold $270,000 -8.5% $260 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $295,000 -- $284 / 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 $4,048 $215,150 $51,520 $163,630
2023 $3,778 $215,150 $51,520 $163,630
2022 $3,610 $174,290 $45,080 $129,210
2021 $3,612 $174,290 $45,080 $129,210
2020 $3,612 $167,070 $41,860 $125,210
2019 $3,504 $167,070 $41,860 $125,210
2018 $3,504 $159,470 $38,640 $120,830
2017 $3,466 $159,470 $38,640 $120,830
2016 $3,310 $153,530 $32,200 $121,330
2015 $3,310 $153,530 $32,200 $121,330
2014 $3,204 $148,110 $32,200 $115,910
Source: Public Records

Agents Affiliated with this Home

  • Jeff Edberg

    Seller's Agent in 2023

    Jeff Edberg

    Lepic-Kroeger, REALTORS

    (319) 331-6187

    4 in this area

    166 Total Sales

    Jeff Edberg
    Section Image
  • Chris Lehman

    Buyer's Agent in 2023

    Chris Lehman

    Edge Realty Group

    (319) 330-8230

    10 in this area

    109 Total Sales

    Chris Lehman
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202205729

Iowa City Area Association of REALTORS®

APN: 1012460006

Iowa Johnson County Iowa City 52245 Washington Hills

3011 Stanford Ave, Iowa City, IA

This home is located at 3011 Stanford Ave, Iowa City, IA 52245 since 20 October 2022 and is currently estimated at $277,656, approximately $266 per square foot. This property was built in 1966. 3011 Stanford Ave is a home located in Johnson County with nearby schools including Helen Lemme 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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