NOT LISTED FOR SALE

319 E 2nd St Washington, IA 52353

Estimated Value: $211,000 - $225,000

5 Beds
4 Baths
2,638 Sq Ft
$82/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $195,000 $74 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,443/month

63 Days on Market

Highlights

  • Living Room
  • Forced Air Heating System
  • Dining Room

About This Home

As of November 2022

Investor Alert! Great 4-plex investment property with positive cash flow and in an excellent location! Gross income over $30,000. 3 units currently rented with a good rental history & one long term tenant. Unit 1 features an eat-in kitchen, separate living room, 1 bedroom & 1 bathroom. Unit 2 features an eat-in kitchen, separate living room, 1 bedroom, 1 bathroom. Unit 3 efficiency apartment features a great room/bedroom, kitchen and bathroom. Unit 4 features an eat-in kitchen, 2 bedrooms, separate living-room, full bathroom & private porch entrance. Gleaming hardwood floors throughout. Off street parking in rear of building off the alley. Coin operated laundry in the common area $480 income annually. 24 hour notice to show.

Last Agent to Sell the Property

Hayley Hershberger

KALONA REALTY, INC. Listed on: 09/28/2022

Co-Listed By

Tim Elliott

Century 21 Trinity

Last Buyer's Agent

Eva Garcia

Robertson Real Estate Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • Lot Dimensions are 76 x 143

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 2,638 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Stone or Rock in Basement
  • Crawl Space

Schools

  • Washington Elementary And Middle School
  • Washington High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1117334010

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $4,324
  • Fuel Expense $1,008
  • Insurance Expense $2,377
  • Maintenance Expense $1,500
  • Water Sewer Expense $3,720
  • Gross Income $30,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Investor Alert! Great 4-plex investment property with positive cash flow and in an excellent location! Gross income over $30,000. 3 units currently rented with a good rental history & one long term tenant. Unit 1 features an eat-in kitchen, separate living room, 1 bedroom & 1 bathroom. Unit 2 features an eat-in kitchen, separate living room, 1 bedroom, 1 bathroom. Unit 3 efficiency apartment features a great room/bedroom, kitchen and bathroom. Unit 4 features an eat-in kitchen, 2 bedrooms, separate living-room, full bathroom & private porch entrance. Gleaming hardwood floors throughout. Off street parking in rear of building off the alley. Coin operated laundry in the common area $480 income annually. 24 hour notice to show.
  • Year Built: 1906
  • Rental Permit: Yes
  • Water Annually: 3720
  • Directions: Hwy 92 to N 2nd Avenue. North on N 2nd Avenue, east on E 2nd Street. Home on the south side of the road.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights
  • Basement Remarks: Block, Crawl, Stone, Full, Unfinished
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Sq Ft Above: 2638

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 2 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 4324
  • Gas Annually: 1008
  • Heating Cooling: Window/Wall Units, Gas, Forced Air

Condo/Co-op/Association

  • Fees Include: None

Schools

  • High School: Washington
  • Jr Middle School: Washington
  • Elementary School: Washington

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 76 x 143
  • Zoning: MR R3+

Tax Info

  • Assessor Parcel Number: 1117334010

Multi Family

  • Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Nov 29, 2022
Sold by
Dehogues Alberto J and Dehogues Lois A
Bought by
Ortega Jose Ramon and Ortega Maria Guadalupe
Seller's Agent
Hayley Hershberger
KALONA REALTY, INC.
Buyer's Agent
Eva Garcia
Robertson Real Estate Inc
List Price
$210,000
Sold Price
$195,000
Premium/Discount to List
-$15,000
-7.14%
Views
63
Current Estimated Value
$216,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,000
Avg. Annual Appreciation
3.29%
Original Mortgage
$200,000
Outstanding Balance
$193,367
Interest Rate
6.58%
Estimated Equity
$22,633

Purchase Details

Closed on
Jan 15, 2009
Sold by
Hills Bank & Trust Co
Bought by
Dehogues Alberto J and Dehogues Lois A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,500
Interest Rate
5.08%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 4, 2007
Sold by
Patterson John S
Bought by
Beachy John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ortega Jose Ramon $195,000 --
Dehogues Alberto J $63,500 --
Beachy John M $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortega Jose Ramon $200,000
Previous Owner Dehogues Alberto J $63,500
Previous Owner Beachy John M $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $195,000 0.0% $74 / Sq Ft
10/20/2022 10/20/22 Price Changed $195,000 -7.1% $74 / Sq Ft
09/28/2022 09/28/22 For Sale $210,000 -- $80 / Sq Ft
Source: Iowa City Area Association of REALTORS®

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 $3,838 $196,800 $26,000 $170,800
2024 $3,838 $181,100 $26,000 $155,100
2023 $2,988 $181,100 $26,000 $155,100
2022 $3,404 $123,900 $26,000 $97,900
2021 $3,404 $123,900 $26,000 $97,900
2020 $3,428 $113,900 $26,000 $87,900
2019 $2,922 $92,600 $0 $0
2018 $3,014 $91,700 $0 $0
2017 $3,080 $90,300 $0 $0
2016 $3,204 $90,300 $0 $0
2015 $3,204 $65,100 $0 $0
2014 $2,348 $65,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202205385

Iowa City Area Association of REALTORS®

APN: 11-17-334-010