NOT LISTED FOR SALE

306 2nd St SE Independence, IA 50644

Estimated Value: $131,000 - $155,000

5 Beds
2 Baths
837 Sq Ft
$170/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $98,000 $117 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $930/month

Highlights

  • Porch
  • Garage
  • Wood Siding
  • Forced Air Heating and Cooling System

About This Home

As of May 2022

Entered for statistical purposes only. Downtown duplex. South apartment has living room, kitchen & 1/2 bath on main floor. 2 bedrooms & full bath up. North apartment has living room, kitchen & full bath on main floor & 2 bedrooms up. Both apartments have access to the full basement with laundry hookups. Rents are $625/mo on south side and $700/mo. on north side which includes use of 2-stall detached garage. Landlord pays all utilities, tenants responsible for lawn & snow removal. Newer roof, windows & electrical. Stainless appliances included in both units. Shared water heater.

Last Agent to Sell the Property

Curt Martin

RE/MAX Independence Realty Brokerage Phone: 563-920-8212 License #B56021000 Listed on: 04/07/2022

RE/MAX Independence Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,506

Year Built

  • Built in 1900

Lot Details

  • 6,307 Sq Ft Lot
  • Lot Dimensions are 53' x 119'

Home Design

  • Duplex
  • Block Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Interior Basement Entry
  • Laundry on lower level

Parking

  • Garage
  • 2 Open Parking Spaces
  • On-Street Parking
  • Off-Site Parking

Outdoor Features

  • Porch

Schools

  • Independence Elementary And Middle School
  • Independence High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for lawn care, snow removal
  • Assessor Parcel Number 1004278020

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $3,112
  • Gross Income $1,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,506

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Parcel Number: 1004278020
  • Year Built: 1900
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.145
  • Road Frontage Type: Hard Surface Road
  • Attribution Contact: CELL: 563-920-8212
  • Co List Office Phone: 319-334-5703
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 837
  • Architectural Style: Two Story, Duplex
  • Reso Roof: Metal
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Entrance-Inside
  • Below Grade Sq Ft: 816

Exterior Features

  • Construction Type: Wood Siding
  • Exterior Features: Sidewalk, Porch
  • Siding: Wood

Garage/Parking

  • Open Parking Spaces: 2
  • Parking Features: Detached, Garage, Off Site, On Street

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Electric in Rent, Garbage in Rent, Gas in Rent, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 3112

Schools

  • Elementary School: Independence
  • High School: Independence
  • Middle Or Junior School: Independence

Lot Info

  • Zoning: C-1
  • Lot Dimensions: 53' x 119'
  • Lot Size Sq Ft: 6307

Rental Info

  • Tenant Pays: Lawn Care, Snow Removal
  • Lease Term: Over 9 Months,Month to Month

Multi Family

  • Gross Income: 1325
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1506

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 9, 2022
Sold by
Ddf Properties Llc
Bought by
Peak Property Solutions Llc
Seller's Agent
Curt Martin
RE/MAX Independence Realty
List Price
$98,000
Sold Price
$98,000
Current Estimated Value
$141,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,886
Avg. Annual Appreciation
8.98%

Purchase Details

Closed on
May 4, 2006
Sold by
Cornelius Cynthia Jo and Chambers Cynthia Jo
Bought by
Reiff Robert R and Reiff Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.56%
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
Peak Property Solutions Llc $98,000 Brian C Eddy Of Robert & Eddy
Reiff Robert R $50,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ddf Properties Llc $0
Previous Owner Reiff Robert B $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $98,000 0.0% $117 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $98,000 -- $117 / Sq Ft
Source: Northeast Iowa Regional Board 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 $1,746 $89,830 $11,020 $78,810
2023 $1,746 $89,830 $11,020 $78,810
2022 $1,518 $72,140 $8,750 $63,390
2021 $1,506 $72,140 $8,750 $63,390
2020 $1,506 $66,260 $7,950 $58,310
2019 $1,468 $66,260 $7,950 $58,310
2018 $1,406 $63,720 $7,950 $55,770
2017 $1,390 $63,720 $7,950 $55,770
2016 $1,370 $62,130 $4,740 $57,390
2015 $1,370 $62,130 $4,740 $57,390
2014 $1,396 $62,130 $4,740 $57,390
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20221959

Northeast Iowa Regional Board of REALTORS®

APN: 10.04.278.020