NOT LISTED FOR SALE

309 NE 2nd St Grimes, IA 50111

Estimated Value: $153,030 - $306,000

-- Bed
4 Baths
1,089 Sq Ft
$187/Sq Ft Est. Value

Last Sold July 10, 2019

Last sale price $365,000 $335 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $1,246/month

54 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Heritage Elementary School Rated 10

About This Home

As of July 2019

4 plex of 2 story townhome rental units. Each unit is 2br/1ba and 1089 sq ft. Fully occupied units. Off street parking lot/spaces behind unit. Each unit has own parcel number. Seller also requires including duplex at 305 NE 2nd St as part of any sale. Duplex listed at 190,000. Public and agent OPEN SHOWING will be Thursday 5/23 from 3-5PM.

Last Agent to Sell the Property

Brenda Garrison

Realty ONE Group Impact Listed on: 05/17/2019

Realty ONE Group Impact

Last Buyer's Agent

John Brummett

RE/MAX Precision

RE/MAX Precision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,704

Year Built

  • Built in 1988

Lot Details

  • 2,309

Home Design

  • Block Foundation
  • Slab Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 4 Full Bathrooms
  • 1,089 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 311/00347-500-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,704

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 348.94
  • Sp Amt Sq Ft: 335.17
  • Termite: Call Listing Agent
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Second Floor Full Bathrooms: 4
  • Basement Description: Slab
  • Living Area Sq Ft: 1089
  • Total Sq Ft: 1089

Exterior Features

  • Exterior: Wood
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Assessor Parcel Number: 311/00347-500-001
  • Zoning: R-3

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Misc Exp Landlord, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 8704.00
  • Net Taxes: 8704.00
  • Tax Year: 2018

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Dallas Center-Grimes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Jul 9, 2019
Sold by
Liker Nicholas J and Liker Sara
Bought by
Grimm Osborn L and Grimm Shannon D
Seller's Agent
Brenda Garrison
Realty ONE Group Impact
Buyer's Agent
John Brummett
RE/MAX Precision
List Price
$380,000
Sold Price
$365,000
Premium/Discount to List
-$15,000
-3.95%
Current Estimated Value
$203,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$161,492
Avg. Annual Appreciation
-8.84%
Original Mortgage
$950,000
Outstanding Balance
$831,878
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$628,370

Purchase Details

Closed on
Sep 27, 2017
Sold by
Peggs Gary L and Peggs Nancy J
Bought by
Liker Nicholas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.89%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grimm Osborn L $365,000 None Available
Liker Nicholas J $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grimm Osborn L $950,000
Previous Owner Liker Nicholas J $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2019 07/10/19 Sold $365,000 -3.9% $335 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $380,000 -- $349 / Sq Ft
Source: Des Moines 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 $2,110 $121,700 $12,400 $109,300
2024 $2,110 $112,900 $11,300 $101,600
2023 $1,998 $112,900 $11,300 $101,600
2022 $2,012 $91,000 $9,500 $81,500
2021 $2,090 $91,000 $9,500 $81,500
2020 $2,058 $91,500 $9,500 $82,000
2019 $2,062 $91,500 $9,500 $82,000
2018 $2,132 $86,000 $8,800 $77,200
2017 $2,244 $86,000 $8,800 $77,200
2016 $2,152 $88,400 $9,100 $79,300
2015 $2,152 $88,400 $9,100 $79,300
2014 $2,062 $89,100 $9,400 $79,700
Source: Public Records

Agents Affiliated with this Home

  • Brenda Garrison

    Seller's Agent in 2019

    Brenda Garrison

    Realty ONE Group Impact

    (515) 240-3238

    2 in this area

    63 Total Sales

    Brenda Garrison
    Section Image
  • John Brummett

    Buyer's Agent in 2019

    John Brummett

    RE/MAX

    (515) 778-7733

    4 in this area

    164 Total Sales

    John Brummett
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 582904

Des Moines Area Association of REALTORS®

APN: 311-00347500001

Iowa Polk County Grimes 50111

309 NE 2nd St, Grimes, IA

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