NOT LISTED FOR SALE

311 1/2 S 3rd St Marshalltown, IA 50158

Estimated Value: $67,000 - $99,000

2 Beds
3 Baths
1,584 Sq Ft
$48/Sq Ft Est. Value

Last Sold June 24, 2020

Last sale price $49,000 $31 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $511/month

213 Days on Market

About This Home

As of June 2020

TRIPLEX....Great condition with income and fully occupied! Maintenance free with vinyl siding, permanent soffits, good roof and a 1 stall garage. Well maintained interior and spacious rooms. Apt 1 a 1 Bedroom rents for $540 per month. Apt 2 an efficiency rents for $390. Apt 3 a 1 Bedroom rents for $465. Check it out...this income could be yours!

Last Agent to Sell the Property

Paula Price

No Limits Real Estate License #*** Listed on: 10/08/2019

Last Buyer's Agent

Magali Marquez

1st Rate Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 60 x 144.5

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Vinyl Siding

Interior Spaces

  • 1,584 Sq Ft Home
  • Partial Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $391
  • Trash Expense $300
  • Gross Income $16,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: per abstract.
  • Municipality: Marshalltown
  • Year Built: 1915
  • Stories: 2 Stories
  • Inspections: City Inspected
  • OFFICELIST_ADDRESS: 311 1/2 S 3rd Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2019-10-08
  • List Office I D: 409
  • M L Number Foreign: MIR35017738
  • Sales Office I D: 409
  • Selling Agent: 2026
  • Share Listings With: CoreLogic Listing License, Realtor.com, Homes.com, Broker Reciprocity, RPR Listing License
  • Street Designation: Street
  • Building Style: Triplex
  • Unit 1 Appliances: Range, Refrigerator
  • Unit 1 Annual Rent: 6480
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Month Rent: 540
  • Unit 1 Number of Units: 1
  • Unit 1 Rooms Total: 5
  • Unit 1 Sq Ft: 744
  • Unit 2 Annual Rent: 4680
  • Unit 2 Three Quarter Bathroom: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Month Rent: 390
  • Unit 2 Number of Units: 1
  • Unit 2 Rooms Total: 3
  • Unit 2 Sq Ft: 108
  • Unit 3 Annual Rent: 5580
  • Unit 3 Three Quarter Bathrooms: 1
  • Unit 3 Total Bathrooms: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Month Rent: 465
  • Unit 3 Number of Units: 1
  • Unit 3 Rooms Total: 4
  • Unit 3 Sq Ft: 369
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 3
  • Basement: Partial
  • Price Per S Q F T: 30.93
  • Above Grade Finished Sq Ft: 1584
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room
  • Three Quarter Bathrooms: 2

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Vinyl
  • Road Frontage: Sidewalks, Other
  • Roof: Other

Garage/Parking

  • Fuel: Natural Gas

Utilities

  • Garage Stalls: 1
  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Condo/Co-op/Association

  • Common Features: Blinds/Shades

Fee Information

  • Annual Expense: 6805.08
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Marshalltown
  • School District Phone: 641-754-1000

Lot Info

  • Acres: 0.06
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 60 x 144.5
  • Lot Size Sq Ft: 2613.6
  • Lot Size Units: Acres
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Multi Family

  • Expense Insurance: 390.96
  • Expense Trash: 300
  • Expense Water Sewer: 141.67
  • Tenant Expenses: Cable T.V.
  • Total Units: 3
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Tax Year: 2018
  • Gross Taxes: 1390

MLS Schools

  • School District: 4104 - Marshalltown
  • School District Name: Marshalltown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Jun 22, 2020
Sold by
Lawthers Dean E and Lawthers Michelle L
Bought by
Ibarra Joel
Seller's Agent
Paula Price
No Limits Real Estate
Buyer's Agent
Magali Marquez
1st Rate Real Estate
List Price
$59,900
Sold Price
$49,000
Premium/Discount to List
-$10,900
-18.2%
Current Estimated Value
$76,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,759
Avg. Annual Appreciation
8.87%
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
Ibarra Joel $49,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2020 06/24/20 Sold $49,000 -18.2% $31 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $59,900 +22.2% $38 / Sq Ft
04/09/2020 04/09/20 Off Market $49,000 -- --
02/13/2020 02/13/20 Price Changed $59,900 -4.8% $38 / Sq Ft
10/08/2019 10/08/19 For Sale $62,900 -- $40 / Sq Ft
Source: NoCoast MLS

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 $1,248 $64,620 $4,100 $60,520
2023 $1,054 $64,620 $4,100 $60,520
2022 $1,256 $47,110 $1,910 $45,200
2021 $1,362 $47,110 $1,910 $45,200
2020 $1,363 $48,330 $1,910 $46,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5469979

NoCoast MLS

APN: 8418-35-153-019