$40,000
SOLD OCT 1, 2025

314 E 12th St Spencer, IA 51301

2 Beds
1 Bath
1,357 Sq Ft
6,020 Sq Ft Lot

Recently Sold

$29 Per Sq Ft

33% Below List Price

6 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Spencer Middle School Rated 9+
  • Bungalow

About This Home

As of October 2025

Calling all investors! This 2-bedroom, 1 bathroom bungalow offers plenty of potential for the right buyer. With a functional layout and solid bones, it's the perfect opportunity for investors or handy homeowners looking to bring their vision to life. Whether you're planning a rental, a flip, or a starter home project, this property provides a great canvas. This home is being sold As-is. Utilities are currently turned off, and there is no water service to the home - house was winterized in November 2024

Last Agent to Sell the Property

Nicole Nimke

EXIT Realty Midwest- Spencer/Emmetsburg License #S64122 Listed on: 09/04/2025

EXIT Realty Midwest- Spencer/Emmetsburg

Last Buyer's Agent

Tricia Wempe

Ingvall Real Estate Team License #S72708

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $271

Year Built

  • Built in 1916

Lot Details

  • 6,020 Sq Ft Lot
  • Lot Dimensions are 43x140

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,357 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Fairview Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 963607257004

Home Details

Home Type

Single Family

Est. Annual Taxes

$271

Year Built

Built in 1916

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Attached: No
  • Type: Single Family Residence
  • Year Built: 1916
  • Levels: One
  • Stories: 1
  • Architectural Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Style: Full
  • Price Per S Q F T: 29.48
  • Total Sq Ft: 1357
  • Above Grade Finished: 1357
  • Finished Sq Ft: 1357

Exterior Features

  • Construction: Frame/Wood
  • Construction Materials: Vinyl Siding
  • Flood Zone: No
  • Waterfront: No

Garage/Parking

  • Garage Type: Detached
  • Garage Size: 12x16
  • Garage Spaces: 1

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: None

Condo/Co-op/Association

  • Complex Development Subdivision Name: FAIRVIEW ADDITION

Lot Info

  • Parcel Number: 963607257004
  • Estimated Acres: 0.14
  • Estimated Lot Dimensions: 43x140
  • Lot Sq Ft: 6020

Rental Info

  • Furnished: Partial

Tax Info

  • Tax Amount: 271
  • Tax Classification: Homestead
  • Tax Year: 2024

MLS Schools

  • School District: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2025
Closed on
Sep 30, 2025
Sold by
Montgomery Patricia Ann
Bought by
Bern David
Seller's Agent
Nicole Nimke
EXIT Realty Midwest- Spencer/Emmetsburg
Buyer's Agent
Tricia Wempe
Ingvall Real Estate Team
List Price
$60,000
Sold Price
$40,000
Premium/Discount to List
-$20,000
-33.33%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1941.62%

Purchase Details

Closed on
May 19, 2023
Sold by
Montgomery Frances Laree
Bought by
Montgomery Patricia Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $40,000 None Listed On Document
Fiduciary Deed -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2025 10/01/25 Sold $40,000 -33.3% $29 / Sq Ft
09/10/2025 09/10/25 Pending -- -- --
09/04/2025 09/04/25 For Sale $60,000 -- $44 / Sq Ft
Source: Iowa Great Lakes Board 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 $263 $74,070 $17,200 $56,870
2024 $271 $64,550 $12,040 $52,510
2023 $240 $64,550 $12,040 $52,510
2022 $744 $56,510 $12,040 $44,470
2021 $884 $54,030 $12,040 $41,990
2020 $792 $53,960 $10,750 $43,210
2019 $1,020 $61,990 $0 $0
2018 $902 $61,990 $0 $0
2017 $928 $60,850 $0 $0
2016 $916 $60,850 $0 $0
2015 $828 $56,140 $0 $0
2014 $798 $56,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 251140

Iowa Great Lakes Board of REALTORS®

APN: 9636-07-257-004