NOT LISTED FOR SALE

3421 Avenue N Fort Madison, IA 52627

Estimated Value: $3,194,921

5 Beds
4 Baths
145,926 Sq Ft
$22/Sq Ft Est. Value

Last Sold June 03, 2014

Last sale price $2,000,000 $14 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $19,613/month

67 Days on Market

About This Home

As of June 2014

Reduced from $3,009,000 this 89 unit complex has on-site laundry, office and fenced pool. Part of investment package. See broker for details and showings.

Last Agent to Sell the Property

Jim Tansey

Hawkeye Commercial Real Estate License #B44393000/471.017923 Listed on: 01/20/2014

Co-Listed By

David Gellerman

Hawkeye Commercial Real Estate License #B41332000/471.018117

Last Buyer's Agent

Richard Ryan

RE/MAX Best Commercial License #B13530000

RE/MAX Best Commercial

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $30,834

Year Built

  • Built in 1973

Lot Details

Property Details

Property Type

Other

Est. Annual Taxes

$30,834

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Multi-Family
  • Year Built: 1973
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted
  • Total Sq Ft: 145926
  • Estimated Lot Sq Ft: 145926

Exterior Features

  • Exterior Finish: Other Exterior Finish
  • Frontage Access: City Street
  • Insulation: Roof
  • Roof Construction: Other Roof Construction
  • Wall Construction: Frame

Utilities

  • Cooling: Individual Units
  • Heating: Radiant/Base

Lot Info

  • Estimated Number of Acres: 3.35
  • Zoning: R6
  • Geo Subdivision: IA

Rental Info

  • Sale Lease Includes: Building, Land
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 30834
  • Parcel Id Number Tax Id: 024715064790030
  • Tax Incentive: None
  • Tax Year: 2012

Multi Family

  • Total Number Units: 88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Redbud Cooperative
Bought by
3421 Avenue N Llc
Current Estimated Value
$3,194,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,970,000
Outstanding Balance
$2,947,353
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
$865,064
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
3421 Avenue N Llc $1,728,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3421 Avenue N Llc $2,970,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2014 06/03/14 Sold $2,000,000 -23.0% $14 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $2,599,000 -- $18 / Sq Ft
Source: RMLS Alliance

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
2024 $26,458 $1,333,650 $110,250 $1,223,400
2023 $28,822 $1,333,650 $110,250 $1,223,400
2022 $24,770 $1,252,880 $110,250 $1,142,630
2021 $24,770 $1,252,880 $110,250 $1,142,630
2020 $39,108 $1,876,430 $116,870 $1,759,560
2019 $38,064 $1,876,430 $116,870 $1,759,560
2018 $39,296 $1,770,210 $0 $0
2017 $60,178 $1,779,810 $0 $0
2016 $60,178 $1,779,810 $0 $0
2015 $60,178 $1,779,810 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAQC7030856

RMLS Alliance

APN: 02-47-15-06-479-0030