NOT LISTED FOR SALE
-- Beds
-- Baths
5,120 Sq Ft
0.75 Acre Lot

Sale Details

Date Sold: February 28, 2013

Last sale price $300,000 $59 Per Sq Ft

397 Days on Market

About This Home

As of February 2013

Note price reduction. All units updated. New roof and lots of new cabinets and carpet. Gross rents increased to $118,800. Possible contract with 20% down.

Last Agent to Sell the Property

Bob Wilkes

SKOGMAN REALTY COMMERCIAL Listed on: 11/15/2011

SKOGMAN REALTY COMMERCIAL

Co-Listed By

Mike Shaffer

SKOGMAN REALTY COMMERCIAL

Last Buyer's Agent

Bob Randklev

SKOGMAN REALTY COMMERCIAL

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1971

Lot Details

  • 0.75

Home Design

  • 5,120 Sq Ft Home
  • Masonry

Additional Features

  • 32,670 Sq Ft Lot
  • Hot Water Heating System

Community Details

  • Gross Income $118,800

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, water

Property Details

Home Type

Multi-Family

Year Built

1971

Lot Details

0.75 Acres

Listing Details

  • Acres: 0.7500
  • City Name: Ottumwa
  • Expense Info: Owner Provided
  • Gross Tax: 23473
  • Miscellaneous: Parking Spaces
  • Net Tax: 23473
  • Noof Units Efficiency: 7
  • Noof Units One Bedroom: 17
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.85714
  • Ratio Close Price By Original Li: 0.75377
  • Ratio Current Price By Sq Ft: 58.59
  • Total Sq Ft: 5120
  • Style St: Upper/Lower
  • Tax Roll Number: 007411240176000
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: COMM
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Exterior Features

  • Construction Methods: Masonry Frm
  • Exterior: Partial Brick

Utilities

  • Heating Cooling: Hot Water Heat

Lot Info

  • Lot Size: 32670

Rental Info

  • Owner Pays: Gas, Water

Multi Family

  • Gross Income: 118800

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
Nov 15, 2011
Closed on
Feb 27, 2013
Sold by
Tr Guaranty Bank And Trust Co and Co Anthony E Schubert Ira
Bought by
Seller's Agent
Bob Wilkes
SKOGMAN REALTY COMMERCIAL
Buyer's Agent
Bob Randklev
SKOGMAN REALTY COMMERCIAL
List Price
$398,000
Sold Price
$300,000
Premium/Discount to List
-$98,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.49%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$300,000 None Available
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
Closed $30,000
Closed Co Wilshire Apts Llc $288,000
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
02/28/2013 02/28/13 Sold $300,000 -24.6% $59 / Sq Ft
12/16/2012 12/16/12 Pending -- -- --
11/15/2011 11/15/11 For Sale $398,000 -- $78 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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
2026 $2,582 $23,240
2025 $2,582 $22,134
2024 $2,318 $21,080
2023 $2,318 $20,076 $0 $0
2022 $2,335 $19,120 $0 $0
2021 $2,343 $17,342 $0 $0
2020 $2,249 $17,342 $0 $0
2019 $2,185 $18,700 $0 $0
2018 $2,084 $14,981 $0 $0
2017 $1,989 $14,981 $0 $0
2016 $1,939 $14,268 $0 $0
2015 $1,855 $13,588 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1107820

Cedar Rapids Area Association of REALTORS®
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