NOT LISTED FOR SALE

401 Canton St NW Shellsburg, IA 52332

Estimated Value: $546,258

Studio
-- Bath
28,937 Sq Ft
$19/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $525,000 $18 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,677/month

103 Days on Market

About This Home

As of April 2024

Step into the comfort and convenience of Urban Edge Apartments in Shellsburg, where modern living meets accessibility. Our units, ranging from Ensuites (Room that includes a bathroom) to 1 to 2 bedrooms, boast spacious layouts perfect for your lifestyle. Imagine relaxing in a roomy living room or preparing a meal in the cozy eat-in kitchen. Convenience is key with in-unit laundry facilities (washer & dryer not included) and walk-in showers for easy accessibility.
Located just off Canton Street, our community is surrounded by walkable amenities, including a gas station, grocery store, restaurants, a walk-in health clinic, salon, and more, all within a half-mile radius. With Shellsburg Elementary School nearby, our location is perfect for families and professionals alike.
Enjoy peace of mind with 24-hour emergency maintenance services, making life hassle-free for our residents. Apply online to secure your spot at Urban Edge Apartments or visit us for a personalized tour today. Welcome home to the perfect blend of comfort, accessibility, and modern living in Shellsburg.

Last Agent to Sell the Property

David Gellerman

Hawkeye Commercial Real Estate License #B41332000/471.018117 Listed on: 08/03/2023

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5.86 Acre Lot

Home Design

  • 28,937 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction
  • Stone Siding

Flooring

  • Carpet
  • Concrete
  • Tile

Utilities

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

Community Details

  • 39 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for all utilities

Property Details

Home Type

Multi-Family

Lot Details

5.86 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Ownership Type: LLC
  • Sale Price Includes: Building,Land
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Concrete, Tile
  • OwnerPays: All Utilities
  • Possible Use: Multi-Family

Exterior Features

  • Construction Materials: Brick, Stone, Block, Frame
  • Frontage Type: City Street, Paved

Utilities

  • Cooling: Central Air
  • Water Source: Municipal Water
  • Heat/Ventilation: Forced Air,Gas

Lot Info

  • Lot Size Acres: 5.86
  • Lot Size Sq Ft: 255261
  • Zoning: R-2,R
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: All Utilities
  • Board Number: 30

Building Info

  • BuildingAreaTotal: 28937

Multi Family

  • NumberOfUnitsTotal: 39

Tax Info

  • Tax Annual Amount: 48894

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Apr 9, 2024
Sold by
Dearborn Street Holdings Llc-Series 1
Bought by
Waterbury Property Mgmt Llc
Seller's Agent
David Gellerman
Hawkeye Commercial Real Estate
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%
Current Estimated Value
$546,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,258
Avg. Annual Appreciation
2.15%
Original Mortgage
$525,000
Outstanding Balance
$394,196
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$152,062
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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Purchase History

Date Buyer Sale Price Title Company
Waterbury Property Mgmt Llc $525,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waterbury Property Mgmt Llc $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2025 10/04/25 Off Market $750 -- --
02/22/2025 02/22/25 Price Changed $750 0.0% $1 / Sq Ft
02/04/2025 02/04/25 For Rent $750 0.0% --
04/11/2024 04/11/24 Sold $525,000 -12.4% $18 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $599,000 -- $21 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $10,360 $649,200 $92,800 $556,400
2024 $10,360 $591,100 $85,800 $505,300
2023 $42,024 $2,433,900 $85,800 $2,348,100
2022 $48,894 $2,113,900 $68,700 $2,045,200
2021 $48,894 $2,113,900 $68,700 $2,045,200
2020 $45,310 $1,762,900 $68,700 $1,694,200
2019 $47,446 $1,762,900 $68,700 $1,694,200
2018 $49,098 $1,815,700 $68,700 $1,747,000
2017 $57,580 $1,815,700 $68,700 $1,747,000
2016 $60,404 $1,978,700 $52,400 $1,926,300
2015 $60,404 $1,978,700 $52,400 $1,926,300
2014 $63,036 $1,978,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Gellerman

    Seller's Agent in 2024

    David Gellerman

    Hawkeye Commercial Real Estate

    (319) 645-0087

    98 Total Sales

    David Gellerman
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4245172

Midwest Real Estate Data (MRED)

APN: 19031460

Iowa Benton County Shellsburg 52332

401 Canton St NW, Shellsburg, IA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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