NOT LISTED FOR SALE

402 1st Ave NE Oelwein, IA 50662

Estimated Value: $47,000 - $84,000

4 Beds
3 Baths
932 Sq Ft
$70/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $58,000 $62 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $447/month

493 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Heating System Uses Steam

About This Home

As of September 2023

Triplex has 1 unit completed, 2 units for you to finish. Only 1 unit has passed the Oelwein Rental Inspection Code. Other 2 units need work to meet Rental Inspection and to be rented. * Includes a 2nd Parcel with 1 car garage (Garage needs repairs or can be torn down. **Selling 'AS IS".**

Last Agent to Sell the Property

Lori Beierschmitt

Advanced, Realtors LLC License #B29495 Listed on: 04/11/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1900

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100' x 141'
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Stone Basement
  • Laundry on lower level

Parking

  • 4 Open Parking Spaces
  • Parking Available

Schools

  • Oelwein Elementary And Middle School
  • Oelwein High School

Additional Features

  • Porch
  • Heating System Uses Steam

Community Details

  • 3 Units
  • Water Sewer Expense $100

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1821208007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,100

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Parcel Number: 1821208007
  • Year Built: 1900
  • Property Sub-Type: Triplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • ResoLotFeatures: Corner Lot, Level
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-283-2242
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 932
  • Architectural Style: Two Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Below Grade Sq Ft: 932

Exterior Features

  • Construction Type: Aluminum Siding
  • Exterior Features: Porch
  • Siding: Aluminum

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Detached, Gravel, Parking Area

Utilities

  • Cooling: None
  • Heating: Steam
  • Sewer: City Sewer
  • Utilities: Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 100

Schools

  • Elementary School: Oelwein
  • High School: Oelwein
  • Middle Or Junior School: Oelwein

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 100' x 141'
  • Lot Size Sq Ft: 14100

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
Sep 29, 2023
Sold by
Sage Daniel and Sage Holly
Bought by
Lafrentz Llc
Seller's Agent
Lori Beierschmitt
Advanced, Realtors LLC
List Price
$68,000
Sold Price
$58,000
Premium/Discount to List
-$10,000
-14.71%
Views
290
Current Estimated Value
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,000
Avg. Annual Appreciation
5.83%
Original Mortgage
$94,860
Outstanding Balance
$90,437
Interest Rate
7.09%
Mortgage Type
VA
Estimated Equity
-$25,437
Source: Public Records

Range of Values:

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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
Lafrentz Llc $58,000 None Listed On Document
Lafrentz Llc $58,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lafrentz Llc $94,860
Closed Lafrentz Llc $94,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $58,000 0.0% $62 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
01/01/2023 01/01/23 Price Changed $58,000 -14.7% $62 / Sq Ft
04/11/2022 04/11/22 For Sale $68,000 -- $73 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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 $1,218 $62,910 $4,900 $58,010
2023 $1,192 $62,910 $4,900 $58,010
2022 $1,100 $48,410 $4,900 $43,510
2021 $1,100 $43,960 $4,900 $39,060
2020 $1,162 $43,960 $4,900 $39,060
2019 $968 $33,260 $0 $0
2018 $1,016 $33,260 $0 $0
2017 $1,090 $33,260 $0 $0
2016 $1,138 $33,260 $0 $0
2015 $1,138 $0 $0 $0
2014 $1,262 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Beierschmitt

    Seller's Agent in 2023

    Lori Beierschmitt

    Advanced, Realtors LLC

    (319) 238-1700

    72 in this area

    146 Total Sales

    Lori Beierschmitt
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20221491

Northeast Iowa Regional Board of REALTORS®

APN: 18-21-208-007

Iowa Fayette County Oelwein 50662

402 1st Ave NE, Oelwein, IA

This home is located at 402 1st Ave NE, Oelwein, IA 50662 since 11 April 2022 and is currently estimated at $65,000, approximately $69 per square foot. This property was built in 1900. 402 1st Ave NE is a home located in Fayette County with nearby schools including Little Husky Learning Center, Wings Park Elementary School, and Parkside Elementary School.

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.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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