J
Seller's Agent in 2022
Julie Tschirgi
EXIT Realty Driftless Group
(563) 880-1648
20 Total Sales
307 1st St NW Elkader, IA 52043
Estimated Value: $151,000 - $223,000
4
Beds
4
Baths
1,710
Sq Ft
$109/Sq Ft
Est. Value
Highlights
- Corner Lot
- Covered Deck
- Garden
- Covered patio or porch
- Laundry Room
- Ceiling Fan
About This Home
As of October 2022Investment alert! This property has loads of potential for income generation with three units with private entrances and plenty of off-street parking. Ask to see the extensive list of improvements. New owners can rent out all three spaces or pick one to live in. 1) Main floor 1 bed / 1 bath studio fully updated 2) Large upstairs 1 bed / 1 bath apartment 3) Two story 2 bed / 2 bath with new kitchen, classic parlor, and main floor home office or gathering space. In total there are 4 bedrooms and 4 full baths. All kitchen and laundry appliances are included. All units have separately metered electricity. This is a prime location near the school and downtown. The unfinished loft area and garage provide extra storage. Stunning architectural elements like french doors, transoms, fireplaces and built-ins can be found throughout the home. There is potential to include some furnishings for a turnkey BnB. Note: The doorway between the upstairs 1 bed / 1 bath unit and the 2 story 2 bed/ 2 bath unit is currently open to show how the property can be 2 units vs 3 units. The doorway will be closed upon request of the buyer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,844
Year Built
- Built in 1890
Lot Details
- 9,720 Sq Ft Lot
- Lot Dimensions are 81x120
- Corner Lot
- Level Lot
- Garden
Home Design
- Triplex
- Block Foundation
- Slab Foundation
- Frame Construction
- Metal Roof
- Wood Siding
- Steel Siding
- Cement Board or Planked
Interior Spaces
- 2-Story Property
- Ceiling Fan
Laundry
- Laundry Room
- Laundry on main level
Basement
- Stone Basement
- Interior and Exterior Basement Entry
Parking
- Garage
- 4 Open Parking Spaces
- Over 1 Space Per Unit
- Parking Available
Outdoor Features
- Covered Deck
- Covered patio or porch
- Storage Shed
Schools
- Central Elementary And Middle School
- Central High School
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Baseboard Heating
Community Details
- 3 Units
- Water Sewer Expense $124
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 2523309001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2022
Closed on
Oct 12, 2022
Sold by
Richards Randel R and Richards Jean M
Bought by
Fagner Dean Nels and Fagner Melinda Kaye
Seller's Agent
Julie Tschirgi
EXIT Realty Driftless Group
List Price
$179,000
Sold Price
$179,000
Total Days on Market
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,705
Avg. Annual Appreciation
1.38%
Original Mortgage
$134,250
Outstanding Balance
$129,850
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$55,855
Purchase Details
Closed on
Apr 26, 2021
Sold by
Hole Llc
Bought by
Richards Randel R and Richards Jean M
Purchase Details
Closed on
May 15, 2019
Sold by
Cook Amy L
Bought by
Hole Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Apr 17, 2006
Sold by
The Estate Of Melvin C Webber
Bought by
Schlueter Dennis L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,295
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fagner Dean Nels | $179,000 | -- | |
| Richards Randel R | $117,500 | None Available | |
| Hole Llc | $90,000 | -- | |
| Schlueter Dennis L | $77,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fagner Dean Nels | $134,250 | |
| Previous Owner | Hole Llc | $1 | |
| Previous Owner | Cook Amy L | $10,000 | |
| Previous Owner | Cook Amy L | $7,777 | |
| Previous Owner | Schlueter Dennis L | $69,295 | |
| Previous Owner | Estate Of Melvin C Webber | $38,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/14/2022 10/14/22 | Sold | $179,000 | 0.0% | $105 / Sq Ft |
| 09/10/2022 09/10/22 | Pending | -- | -- | -- |
| 09/08/2022 09/08/22 | For Sale | $179,000 | -- | $105 / Sq Ft |
Source: Northeast Iowa Regional Board of REALTORS®
Tax History Compared to Growth
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 | $2,876 | $126,554 | $17,820 | $108,734 |
| 2023 | $2,626 | $126,554 | $17,820 | $108,734 |
| 2022 | $2,844 | $109,492 | $16,200 | $93,292 |
| 2021 | $2,106 | $99,878 | $16,200 | $83,678 |
| 2020 | $2,106 | $76,122 | $14,450 | $61,672 |
| 2019 | $1,722 | $62,735 | $14,450 | $48,285 |
| 2018 | $1,722 | $57,795 | $12,879 | $44,916 |
| 2017 | $1,956 | $57,795 | $12,879 | $44,916 |
| 2015 | $2,140 | $57,795 | $12,879 | $44,916 |
| 2014 | $2,178 | $57,795 | $12,879 | $44,916 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Tschirgi
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20224290
APN: 22-25-23-309-001
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