306 W State St Williamsburg, IA 52361
Estimated payment $2,365/month
Highlights
- Breakfast Area or Nook
- Porch
- Living Room
- Mary Welsh Elementary School Rated A-
- Brick or Stone Mason
- Entrance Foyer
About This Home
Explore this exceptional income-producing investment opportunity in the heart of the vibrant community of Williamsburg. Boasting over 5,300 square feet of space and strategically located on a corner lot in the bustling downtown district, this property offers immense potential for entrepreneurs and investors alike. EXTENSIVELY renovated in 2022, this property has been updated to offer a modern and accommodating environment for businesses and tenants. Currently, the property features four leased spaces for businesses, two garages rented for storage and a upper level apartment. The apartment includes two bedrooms, a full bathroom with stand-up shower, and essential appliances, including a stackable washer and dryer that were newly installed in 2023. This cozy living space provides a comfortable and convenient retreat for guests, making it a sought-after choice for short-term rentals. With its diverse income streams, prime location, and recent renovations, this property represents a compelling investment opportunity. Whether you are looking to expand your portfolio, generate passive income, or capitalize on the thriving local market, this property is a must-see that promises both versatility and profitability. Don't miss out on the chance to own this exceptional income-generating asset in the heart of Will
Home Details
Home Type
- Single Family
Year Built
- Built in 1890
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 80 x 160
- Property is zoned Commercial/Residential
Parking
- 2 Parking Spaces
Home Design
- Brick or Stone Mason
Interior Spaces
- 5,321 Sq Ft Home
- 2-Story Property
- Elevator
- Ceiling Fan
- Entrance Foyer
- Living Room
- Combination Kitchen and Dining Room
- Finished Basement
- Block Basement Construction
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Laundry on upper level
- Dryer
- Washer
Schools
- Wmbg-Mary Welsh Elementary School
- Williamsburg Middle School
- Williamsburg High School
Utilities
- Central Air
- Heat Pump System
- Heating System Uses Steam
- Heating System Mounted To A Wall or Window
- Internet Available
Additional Features
- Stepless Entry
- Porch
- Property is near schools and shops
Listing and Financial Details
- Assessor Parcel Number 905603039
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $7,048 | $319,060 | $38,400 | $280,660 |
| 2024 | $7,080 | $304,730 | $38,400 | $266,330 |
| 2023 | $6,296 | $304,730 | $38,400 | $266,330 |
| 2022 | $5,558 | $266,630 | $38,400 | $228,230 |
| 2021 | $4,342 | $266,630 | $38,400 | $228,230 |
| 2020 | $4,344 | $228,590 | $38,400 | $190,190 |
| 2019 | $4,466 | $228,590 | $38,400 | $190,190 |
| 2018 | $4,304 | $228,590 | $38,400 | $190,190 |
| 2017 | $4,304 | $228,590 | $38,400 | $190,190 |
| 2016 | $4,220 | $228,590 | $38,400 | $190,190 |
| 2015 | $4,220 | $228,590 | $38,400 | $190,190 |
| 2014 | $2,756 | $145,810 | $26,210 | $119,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/13/2026 01/13/26 | For Sale | $340,000 | -- | $64 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $240,000 | None Available | |
| Warranty Deed | $135,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $168,000 | Future Advance Clause Open End Mortgage |
Source: Iowa City Area Association of REALTORS®
MLS Number: 202600376
APN: 90-56-0303-9
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.
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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