NOT LISTED FOR SALE

302 W Washington Ave Fairfield, IA 52556

Estimated Value: $163,796 - $193,000

3 Beds
4 Baths
2,805 Sq Ft
$62/Sq Ft Est. Value

Last Sold September 11, 2024

Last sale price $155,000 $55 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,159/month

About This Home

As of September 2024

Great Income property now on the Market. Great income and cash flow. close to the square. Great value and cash flow pencils out with Owner paying utilities included in the Rent price. An extensive breakdown of all income and expenses will be provided to all serious potential buyers. Sellers are Licensed Real Estate Agents in the State of Iowa.

Last Agent to Sell the Property

Jeffry Alexander

Jefferson County Realty Inc. Listed on: 07/17/2024

Co-Listed By

Douglas Alexander

Fairfield Real Estate

Last Buyer's Agent

Andrew Edlin

Miller Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,424

Year Built

  • Built in 1860

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • Gravel Driveway

Home Design

  • 2,805 Sq Ft Home
  • Triplex
  • Asphalt Shingled Roof
  • Wood Siding

Utilities

  • Boiler Heating System

Additional Features

  • Unfinished Basement

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $4,800
  • Fuel Expense $2,400
  • Insurance Expense $1,345
  • Maintenance Expense $600
  • Trash Expense $600
  • Gross Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,424

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Accessible: None
  • Legal Description: NEW PLAT LT 2 BLK 12
  • Year Built: 1860
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 302 W Washington Avenue
  • Distribute To Internet: Yes
  • List Office I D: 707
  • Sales Office I D: 864
  • Selling Agent: 3802
  • Street Designation: Avenue
  • Building Style: Triplex
  • Unit 1 Air Conditioning: Wall
  • Unit 1 Annual Rent: 12600
  • Unit 1 B1 Level: Upper
  • Unit 1 B2 Level: Upper
  • Unit 1 Full Bathrooms: 1
  • Unit 1 One Quarter Bathroom: 1
  • Unit 1 Total Bathrooms: 2
  • Unit 1 Bedrooms: 2
  • Unit 1 Dining Room Level: Main
  • Unit 1 Kitchen Level: Main
  • Unit 1 Living Room Level: Main
  • Unit 1 Month Rent: 1050
  • Unit 1 Number of Units: 1
  • Unit 1 Parking: 1
  • Unit 1 Rooms Total: 5
  • Unit 1 Sq Ft: 1205
  • Unit 2 Annual Rent: 9600
  • Unit 2 B1 Level: Main
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Kitchen Level: Main
  • Unit 2 Living Room Level: Main
  • Unit 2 Month Rent: 800
  • Unit 2 Number of Units: 1
  • Unit 2 Parking: 1
  • Unit 2 Rooms Total: 4
  • Unit 2 Sq Ft: 900
  • Unit 3 Annual Rent: 9000
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Total Bathrooms: 1
  • Unit 3 Kitchen Level: Main
  • Unit 3 Living Room Level: Main
  • Unit 3 Month Rent: 750
  • Unit 3 Number of Units: 3
  • Unit 3 Rooms Total: 2
  • Unit 3 Sq Ft: 700
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Number of Ranges: Three
  • Basement: Unfinished
  • Price Per S Q F T: 55.26
  • Above Grade Finished Sq Ft: 2805
  • Below Grade Total Sq Ft: 1325
  • Fireplace: No
  • Total Finished Sq Ft: 2805

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt Shingles

Garage/Parking

  • Description: Gravel Lot
  • Fuel: Natural Gas

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Association/Amenities

  • Complex/Development/Subdivision: NEW PLAT

Fee Information

  • Expense Electric: 4800
  • Expense Fuel: 2400
  • Expense Repair: 1800
  • Annual Expense: 13345
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.2
  • Geo Update Timestamp: 2024-07-17
  • Total Assessed Value: 144500
  • Assessment Pending: No
  • Homestead Description: None
  • Lot Dimensions: 66X132
  • Lot Size Sq Ft: 8712
  • Lot Size Units: Acres

Multi Family

  • Expense Insurance: 1345
  • Expense Maintenance: 600
  • Expenses: 800
  • Expense Trash: 600
  • Expense Water Sewer: 1800
  • Number Of Refrigerators: Three
  • Total Units: 3

Tax Info

  • Tax Year: 2022
  • Gross Taxes: 2424
  • Net Taxes: 2424

MLS Schools

  • School District: 2169 - Fairfield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Sep 11, 2024
Sold by
Jefferson County Realty Inc
Bought by
Openshaw Gabriel
Seller's Agent
Jeffry Alexander
Jefferson County Realty Inc.
Buyer's Agent
Andrew Edlin
Miller Realty
List Price
$189,900
Sold Price
$155,000
Premium/Discount to List
-$34,900
-18.38%
Views
14
Current Estimated Value
$173,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,949
Avg. Annual Appreciation
11.97%
Original Mortgage
$116,250
Outstanding Balance
$115,113
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$58,836

Purchase Details

Closed on
Nov 20, 2023
Sold by
Alexander Douglas A and Alexander Jeffry J
Bought by
Jefferson County Realty Inc

Purchase Details

Closed on
Nov 19, 2021
Sold by
Tonia Alexander
Bought by
Alexander Jeffrey

Purchase Details

Listed on
Apr 23, 2021
Closed on
May 18, 2021
Sold by
Karindi Ivo and Karindi Margit
Bought by
Alexander Douglas A and Alexander Jeffry J
Seller's Agent
Andrew Edlin
Miller Realty
Buyer's Agent
Douglas Alexander
Jefferson County Realty Inc.
List Price
$152,997
Sold Price
$150,000
Premium/Discount to List
-$2,997
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$144,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Openshaw Gabriel $155,000 None Listed On Document
Jefferson County Realty Inc -- None Listed On Document
Alexander Jeffrey -- None Listed On Document
Alexander Douglas A $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Openshaw Gabriel $116,250
Closed Openshaw Gabriel $116,250
Previous Owner Alexander Douglas A $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $155,000 -18.4% $55 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $189,900 +26.6% $68 / Sq Ft
05/19/2021 05/19/21 Sold $150,000 -2.0% $53 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
04/23/2021 04/23/21 Price Changed $153,000 0.0% $55 / Sq Ft
04/23/2021 04/23/21 For Sale $152,997 -- $55 / 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 $2,788 $144,500 $9,900 $134,600
2023 $2,424 $144,500 $9,900 $134,600
2022 $1,166 $117,000 $9,900 $107,100
2021 $1,166 $57,500 $9,900 $47,600
2020 $970 $55,000 $9,900 $45,100
2019 $916 $49,000 $0 $0
2018 $874 $49,000 $0 $0
2017 $874 $49,700 $0 $0
2016 $900 $49,700 $0 $0
2015 $1,000 $52,900 $0 $0
2014 $1,000 $52,900 $0 $0
2013 $996 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jeffry Alexander

    Jefferson County Realty Inc.

    Section Image
  • Douglas Alexander

    Seller Co-Listing Agent in 2024

    Douglas Alexander

    Fairfield Real Estate

    (641) 209-2226

    56 Total Sales

    Douglas Alexander
    Section Image
  • Andrew Edlin

    Buyer's Agent in 2024

    Andrew Edlin

    Miller Realty

    (641) 919-4663

    84 Total Sales

    Andrew Edlin
    Section Image
See All Agents

Map

Source: NoCoast MLS

MLS Number: NOC6319350

NoCoast MLS

APN: 06-25-354-005

Iowa Jefferson County Fairfield 52556

302 W Washington Ave, Fairfield, IA

This home is located at 302 W Washington Ave, Fairfield, IA 52556 since 17 July 2024 and is currently estimated at $173,949, approximately $62 per square foot. This property was built in 1860. 302 W Washington Ave is a home located in Jefferson County with nearby schools including Fairfield High School, Maharishi School, and Cornerstone Primary 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.

NoCoast MLS 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.

Nearby Homes