NOT LISTED FOR SALE

308 3rd St Wellman, IA 52356

Estimated Value: $92,000 - $112,000

1 Bed
1 Bath
742 Sq Ft
$140/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $57,500 $77 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $655/month

90 Days on Market

Highlights

  • Ranch Style House
  • Separate Formal Living Room
  • Great Room
  • Main Floor Primary Bedroom
  • Corner Lot
  • Breakfast Area or Nook

About This Home

As of December 2020

Updated quaint & cozy ranch bungalow home close to the downtown district! Spacious eat-in kitchen w/ laminate maple fls, tons of cabinet storage, pantry, & all appliances staying. Functional open floor plan between the kitchen & LR. Freshly painted entryway & LR w/ nice modern colors. Bathroom has a newer water efficient toilet. Large mud room w/ newer LVP fls & the W/D staying. There is currently 1 large master bedroom, but it could easily be converted back into 2 bedrooms by adding the wall back in.

Last Agent to Sell the Property

Jessica Yoder

KALONA REALTY, INC. Listed on: 09/04/2020

Last Buyer's Agent

Jessica Yoder

KALONA REALTY, INC. Listed on: 09/04/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,276

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 87x116
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Ceiling Insulation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 742 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Entrance Foyer
  • Great Room
  • Separate Formal Living Room
  • Carpet
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Country Kitchen
  • Breakfast Area or Nook
  • Oven or Range

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near schools
  • Property is near shops

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-24-230-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,276

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 742
  • Homebuilder: Unk
  • Owner Name L F Mi: Ferrel
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Photo Code1: Broker Loaded
  • Possible Finance: Cash, Conventional
  • Remarks: Inviting front porch with freshly painted white trim plus a 10x10 patio/deck area. Oversized 1-car detached garage. Mitigated for radon. The heater in the garage has not been used by current seller and is being sold in as-is condition.
  • Stories Style: 1 Story, Ranch
  • T Val: 57500
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment: Range/Oven, Refrigerator, Alarm-Smoke/Fire, Dryer, Washer
  • Interior: Cable TV Connections, Carpet, Foyer-Entrance
  • Number Bedrooms Main: 1
  • Sq Ft Above: 742
  • Total Full Baths: 1
  • Laundry Type: Laundry Room
  • Bedrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl
  • Kitchen Level: Main
  • Living Room Level: Main
  • Kitchen / Breakfast: Breakfast Area, Country Kitchen
  • Laundry Location: 1st Floor, Main
  • Mstr Br Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame, Vinyl
  • Roof Type: Metal/Steel
  • Exterior: Patio, Porch

Garage/Parking

  • Parking: Detached Parking, Garage, 1 Car

Utilities

  • Cooling: Ceiling Fan, Window/Wall Units
  • Heating: Electric, Baseboard
  • Internet: Yes
  • Water Sewer: City Sewer, City Water

Condo/Co-op/Association

  • Amenities: Close to Shopping, Close to School

Schools

  • Elementary School: Mid Prairie
  • Middle School: Mid Prairie
  • High School: Mid Prairie

Lot Info

  • Acreage: 0.23
  • Geo Subdivision: IA
  • Lot Description: Less than .5 Acre, Corner
  • Lot Dimensions: 87x116
  • Zoning: Residential

Green Features

  • Energy Related: Double Pane, Insulation-Ceiling, Water Heater-Electric

Tax Info

  • Gross Tax County City: 1208
  • Assessor Parcel Number: 01-24-230-004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Dec 3, 2020
Sold by
Ferrel Evan J
Bought by
Gill Jennifer J and Gill Sean D
Seller's Agent
Jessica Yoder
KALONA REALTY, INC.
Buyer's Agent
Jessica Yoder
KALONA REALTY, INC.
List Price
$69,900
Sold Price
$57,500
Premium/Discount to List
-$12,400
-17.74%
Current Estimated Value
$103,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,070
Avg. Annual Appreciation
12.90%
Original Mortgage
$46,000
Outstanding Balance
$41,027
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$62,543

Purchase Details

Listed on
Jun 8, 2015
Closed on
Jul 15, 2015
Sold by
Overholt Welson G and Overholt Jamie
Bought by
Ferrel Evan J
Seller's Agent
Jessica Yoder
KALONA REALTY, INC.
Buyer's Agent
Jessica Yoder
KALONA REALTY, INC.
List Price
$62,000
Sold Price
$60,000
Premium/Discount to List
-$2,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.78%
Original Mortgage
$51,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 27, 2011
Sold by
Stewart Jason J
Bought by
Overholt Nelson G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,185
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2006
Sold by
Nafziger Christopher L and Nafziger Lundmita A
Bought by
Stewart Jason J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2005
Sold by
Blum James D and Blum Patricia G
Bought by
Nafziger Christopher L and Nafziger Ludmila A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,187
Interest Rate
6.06%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Gill Jennifer J $8,000 None Available
Ferrel Evan J $60,000 None Available
Overholt Nelson G $62,000 None Available
Stewart Jason J $47,000 --
Nafziger Christopher L $26,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Jennifer J $46,000
Previous Owner Ferrel Evan J $51,000
Previous Owner Overholt Nelson G $63,185
Previous Owner Stewart Jason J $47,000
Previous Owner Nafziger Christopher L $26,187
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2020 12/11/20 Sold $57,500 -11.4% $77 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
10/22/2020 10/22/20 Price Changed $64,900 -7.2% $87 / Sq Ft
09/04/2020 09/04/20 For Sale $69,900 +16.5% $94 / Sq Ft
07/15/2015 07/15/15 Sold $60,000 -3.2% $81 / Sq Ft View Prior Sale
06/30/2015 06/30/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $62,000 -- $84 / 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
2025 $1,276 $78,100 $12,500 $65,600
2024 $1,276 $72,500 $12,500 $60,000
2023 $1,192 $72,500 $12,500 $60,000
2022 $1,172 $61,000 $12,500 $48,500
2021 $1,172 $61,000 $12,500 $48,500
2020 $1,208 $60,700 $12,500 $48,200
2019 $1,204 $58,100 $0 $0
2018 $1,070 $53,700 $0 $0
2017 $1,070 $49,900 $0 $0
2016 $808 $49,900 $0 $0
2015 $808 $50,000 $0 $0
2014 $814 $50,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202005428

Iowa City Area Association of REALTORS®

APN: 01-24-230-004