NOT LISTED FOR SALE

311 E Railroad St Wayland, IA 52654

9 Beds
4 Baths
4,960 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: March 1, 2024

Last sale price $250,100 $50 Per Sq Ft

123 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of March 2024

Clean, easily maintained 4-Plex investment property. Good cash flow. 3 Units are 3 bedroom, 1 bath. 1 Unit is 2 bedroom, 1 bath.

Last Agent to Sell the Property

June Lowenberg

Miller Realty License #*** Listed on: 10/07/2023

Last Buyer's Agent

June Lowenberg

Miller Realty License #*** Listed on: 10/07/2023

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,198

Year Built

  • Built in 1975

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 87x120

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 4,960 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,600
  • Maintenance Expense $850
  • Gross Income $34,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,198

Year Built

Built in 1975

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Accessible: None
  • Legal Description: WAYLAND LAND CO LT 8 & W26.62' LT 7
  • Municipality: Wayland
  • Year Built: 1975
  • Stories: 1 Story
  • OFFICELIST_ADDRESS: 311 E Railroad Street
  • Distribute To Internet: Yes
  • List Office I D: 864
  • Sales Office I D: 864
  • Selling Agent: 2771
  • Street Designation: Street
  • Building Style: Apartment
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Month Rent: 925
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Bedrooms: 3
  • Unit 2 Month Rent: 600
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Bedrooms: 2
  • Unit 3 Month Rent: 725
  • Unit 4 Bathrooms Full: 1
  • Unit 4 Bedrooms: 3
  • Unit 4 Month Rent: 600
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Basement: Slab
  • Price Per S Q F T: 50.42
  • Above Grade Finished Sq Ft: 4960
  • Fireplace: No
  • Total Finished Sq Ft: 4960

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Fuel: Electric, Natural Gas

Utilities

  • Heating: Forced Air, Baseboard
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Fee Information

  • Expense Repair: 850
  • Annual Expense: 1884
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.24
  • Geo Update Timestamp: 2023-10-07
  • Total Assessed Value: 107630
  • Assessment Pending: No
  • Homestead Description: None
  • Lot Dimensions: 87X120
  • Lot Size Sq Ft: 10454.4
  • Lot Size Units: Acres

Multi Family

  • Expense Insurance: 1600
  • Expense Maintenance: 850
  • Expenses: 157
  • Total Units: 4

Tax Info

  • Tax Year: 2021
  • Gross Taxes: 2198
  • Net Taxes: 1884

MLS Schools

  • School District: 6700 - Waco

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2023
Closed on
Feb 28, 2024
Sold by
Burnett Properties Llc
Bought by
Seller's Agent
June Lowenberg
Miller Realty
Buyer's Agent
June Lowenberg
Miller Realty
List Price
$255,000
Sold Price
$250,100
Premium/Discount to List
-$4,900
-1.92%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Outstanding Balance
$252,733
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2022
Sold by
Fort Kevin L and Fort Sheila B
Bought by
Burnett Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,069
Interest Rate
6.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 18, 2019
Sold by
Wayland State Bank
Bought by
Fort Kevin L and Fort Sheila B
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,500 None Listed On Document
Burnett Properties Llc $210,000 --
Fort Kevin L $50,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $265,000
Previous Owner Burnett Properties Llc $189,069
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 Sold $250,100 -1.9% $50 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
10/07/2023 10/07/23 For Sale $255,000 -- $51 / Sq Ft
Source: NoCoast MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,818 $176,110 $10,010 $166,100
2024 $2,694 $167,950 $10,010 $157,940
2023 $1,884 $167,950 $10,010 $157,940
2022 $2,198 $107,630 $6,260 $101,370
2021 $2,198 $107,630 $6,260 $101,370
2019 $2,502 $103,020 $0 $0
2018 $2,578 $103,020 $0 $0
2017 $2,578 $98,410 $0 $0
2016 $2,786 $98,410 $0 $0
2015 $2,786 $93,810 $0 $0
2014 $2,292 $93,810 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6312107

NoCoast MLS
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