Seller's Agent in 2025
Doug Small
Hinn Real Estate
(712) 260-4776
55 Total Sales
317 W 1st St Spencer, IA 51301
7
Beds
3
Baths
2,610
Sq Ft
5,368
Sq Ft Lot
Highlights
- Detached Garage
- Baseboard Heating
- Coin Laundry
- Spencer Middle School Rated 9+
About This Home
As of June 2025This 3-plex property presents a fantastic investment opportunity with multiple options for potential buyers. Whether you're looking to live in one unit while renting out the others, or rent all three for a steady income stream, this building offers great versatility. The first-floor unit features 4 bedrooms (1 non-conforming), 1 bath, and has been updated with newer cabinets, countertops, sink, and flooring. The second-floor unit includes 2 bedrooms, 1 bath, and boasts a new refrigerator and kitchen windows. The third-floor unit offers a cozy 1 bedroom, 1 bath, and has been refreshed with a new vanity and refrigerator. Each unit is equipped with electric baseboard heat, and tenants provide their own window air conditioning units. The property also includes a basement with 3 new electric water heaters, as well as a new Speed Queen coin-operated washer and dryer for tenant use. While the driveway is shared, there is alley access for additional parking and street parking options. The garage is currently used by tenants for storage. Don't miss out on this prime opportunity to own an income-generating property! Showings to start on Friday & Saturday 18th & 19Th, then tenants would like 24hr notice for any showings after the 19th.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,512
Year Built
- Built in 1910
Lot Details
- 5,368 Sq Ft Lot
- Lot Dimensions are 44 x 122
Home Design
- Triplex
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 2,610 Sq Ft Home
- 3-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Parking
- Detached Garage
- Shared Driveway
Utilities
- Baseboard Heating
Listing and Financial Details
- Tenant pays for electricity, water/sewer
- Assessor Parcel Number 963618108009
Community Details
Overview
- 3 Units
- Lovewell & Hubbard Subdivision
Amenities
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2025
Closed on
Jun 14, 2025
Sold by
Rinnert Dustin and Rinnert Alyssa
Bought by
Campion Rentals Llc
Seller's Agent
Doug Small
Hinn Real Estate
Buyer's Agent
Peggy Bergh-Kuker
Keller Williams Okoboji
List Price
$149,900
Sold Price
$139,000
Premium/Discount to List
-$10,900
-7.27%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%
Original Mortgage
$111,200
Outstanding Balance
$109,779
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$32,704
Purchase Details
Listed on
Nov 25, 2019
Closed on
Jul 16, 2020
Sold by
Waters Edge Rentals Llc
Bought by
Rinnert Dustin
Seller's Agent
Tracey Radcliffe
EXIT Realty Midwest
Buyer's Agent
Tracey Radcliffe
EXIT Realty Midwest
List Price
$117,500
Sold Price
$100,000
Premium/Discount to List
-$17,500
-14.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$75,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 19, 2016
Closed on
Nov 18, 2016
Sold by
Lucht Larry and Lucht Barbara A
Bought by
Waters Edge Rentals Llc
Seller's Agent
Terri Carpenter
Century 21 ProLink
Buyer's Agent
Tracey Radcliffe
EXIT Realty Midwest
List Price
$94,500
Sold Price
$87,500
Premium/Discount to List
-$7,000
-7.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $139,000 | None Listed On Document | |
| Warranty Deed | $139,000 | None Listed On Document | |
| Warranty Deed | $100,000 | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $111,200 | Credit Line Revolving | |
| Closed | $111,200 | Credit Line Revolving | |
| Previous Owner | $75,000 | New Conventional | |
| Previous Owner | $460,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Sold | $139,000 | -7.3% | $53 / Sq Ft |
| 05/22/2025 05/22/25 | Pending | -- | -- | -- |
| 04/14/2025 04/14/25 | For Sale | $149,900 | +49.9% | $57 / Sq Ft |
| 07/17/2020 07/17/20 | Sold | $100,000 | -14.9% | $38 / Sq Ft |
| 07/13/2020 07/13/20 | Pending | -- | -- | -- |
| 11/25/2019 11/25/19 | For Sale | $117,500 | +34.3% | $45 / Sq Ft |
| 11/21/2016 11/21/16 | Sold | $87,500 | -7.4% | $34 / Sq Ft |
| 10/05/2016 10/05/16 | Pending | -- | -- | -- |
| 05/19/2016 05/19/16 | For Sale | $94,500 | -- | $36 / Sq Ft |
Source: Iowa Great Lakes Board of REALTORS®
Tax History Compared to Growth
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 | $1,566 | $97,830 | $7,180 | $90,650 |
| 2023 | $1,512 | $97,830 | $7,180 | $90,650 |
| 2022 | $1,536 | $78,950 | $7,180 | $71,770 |
| 2021 | $1,630 | $72,950 | $7,180 | $65,770 |
| 2020 | $1,630 | $72,360 | $7,180 | $65,180 |
| 2019 | $1,922 | $79,550 | $0 | $0 |
| 2018 | $2,034 | $79,550 | $0 | $0 |
| 2017 | $2,034 | $25,830 | $0 | $0 |
| 2016 | $752 | $25,830 | $0 | $0 |
| 2015 | $804 | $26,560 | $0 | $0 |
| 2014 | $804 | $26,560 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Small
-
Peggy Bergh-Kuker
Buyer's Agent in 2025
Peggy Bergh-Kuker
Keller Williams Okoboji
(712) 330-1569
155 Total Sales
-
Tracey Radcliffe
Seller's Agent in 2020
Tracey Radcliffe
EXIT Realty Midwest
(712) 330-0837
92 Total Sales
-
T
Seller's Agent in 2016
Terri Carpenter
Century 21 ProLink
-
D
Seller Co-Listing Agent in 2016
David Jacobsen
Century 21 ProLink
Map
Source: Iowa Great Lakes Board of REALTORS®
MLS Number: 250398
APN: 9636-18-108-009
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