NOT LISTED FOR SALE

403 4th Ave Grinnell, IA 50112

Estimated Value: $180,000 - $237,000

4 Beds
4 Baths
3,024 Sq Ft
$67/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $177,000 $59 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,332/month

239 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • Carpet
  • Building Patio
  • Baseboard Heating

About This Home

As of February 2022

JUST REDUCED GREAT RENTAL PROPERTY. 2 story well maintained 3 plex on a nice corner lot. Rental investment or live in one unit and rent out the others to pay your mortage. 2 main floor units 1 second floor. All units have laundry. Main floor Apt A 1 bd 1 bt. Second floor Apt B 2 bd 1 bt w/ office. Main floor Apt C 1 bd 1 bt,office w/ access to garage. Attached 2 car garage parking for 3. Backyard and patio. Great income property or live in one and have income for your mortgage.

Last Agent to Sell the Property

Robin Marcinik

Grinnell Realty LLC Listed on: 05/20/2021

Last Buyer's Agent

Penny Gable

TurnKey Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,066

Year Built

  • Built in 1900

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 136.50 x 77

Home Design

  • Triplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,024 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • 3 Carport Spaces

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

Overview

  • 3 Units

Amenities

  • Building Patio
  • Community Deck or Porch

Building Details

  • Insurance Expense $1,850
  • Maintenance Expense $421
  • Gross Income $17,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,066

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Accessible: Other
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: WEST GRINNELL W 77' S 88' & W 92' N 48.5' LOT D BLOCK 12
  • Municipality: Grinnell
  • Year Built: 1900
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 403 4th Avenue
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2021-05-24
  • List Office I D: 585
  • Sales Office I D: 582
  • Selling Agent: 1863
  • Share Listings With: Broker Reciprocity, CoreLogic Listing License, Homes.com, Realtor.com, RPR Listing License
  • Street Designation: Avenue
  • Building Style: Triplex
  • Unit 1 Air Conditioning: Window
  • Unit 1 Amenities: Ceiling Fan(s)
  • Unit 1 Appliances: Range, Refrigerator, Washer, Dryer
  • Unit 1 Bathrooms Description: Main Floor Full Bath
  • Unit 1 Dining Room Description: Living/Dining Room
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Month Rent: 625
  • Unit 1 Number of Units: 1
  • Unit 1 Rooms Total: 3
  • Unit 2 Air Conditioning: Window
  • Unit 2 Amenities: Ceiling Fan(s)
  • Unit 2 Appliances: Range, Refrigerator, Washer, Dryer
  • Unit 2 Bathrooms Description: Upper Level Full Bath
  • Unit 2 Dining Room Description: Eat In Kitchen
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Total Bathrooms: 2
  • Unit 2 Bedrooms: 2
  • Unit 2 E1 Name: Office
  • Unit 2 E2 Name: Laundry
  • Unit 2 Month Rent: 650
  • Unit 2 Number of Units: 1
  • Unit 2 Rooms Total: 5
  • Unit 3 Air Conditioning: Window
  • Unit 3 Amenities: Ceiling Fan(s)
  • Unit 3 Appliances: Range, Refrigerator, Washer, Dryer
  • Unit 3 Bathrooms Description: Main Floor 3/4 Bath
  • Unit 3 Dining Room Description: Eat In Kitchen
  • Unit 3 Three Quarter Bathrooms: 1
  • Unit 3 Total Bathrooms: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 E1 Name: Laundry
  • Unit 3 E2 Name: Office
  • Unit 3 Month Rent: 600
  • Unit 3 Number of Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: Three
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Basement: Walkout, Full
  • Main Floor Sq Ft: 1736
  • Price Per S Q F T: 58.53
  • Above Grade Finished Sq Ft: 3024
  • Below Grade Total Sq Ft: 896
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room
  • Three Quarter Bathrooms: 1

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Vinyl
  • Foundation Size: 896
  • Roof: Asphalt Shingles
  • Construction Type: Frame

Garage/Parking

  • Description: Attached Garage, Driveway - Concrete
  • Fuel: Natural Gas
  • Garage Sq Ft: 600
  • Number of Carport Spaces: 3

Utilities

  • Garage Stalls: 2
  • Heating: Forced Air, Baseboard
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected
  • Electric: Circuit Breakers

Condo/Co-op/Association

  • Shared: Patio
  • Common Features: Carpets, Hardwood, W/D Hookups

Fee Information

  • Expense Repair: 4142
  • Annual Expense: 12502
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Grinnell-Newburg
  • School District Number: 2709
  • School District Phone: 641-236-2700

Lot Info

  • Acres: 0.26
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Description: Corner Lot
  • Lot Dimensions: 136.50 x 77
  • Lot Size Sq Ft: 11238

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Multi Family

  • Expense Insurance: 1850
  • Expense Maintenance: 421
  • Expenses: 12502
  • Expense Water Sewer: 2244
  • Number Of Refrigerators: Three
  • Tenant Expenses: Cable T.V., Electricity, Fuel
  • Total Units: 3
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Tax With Assessments: 3066
  • Tax Year: 2020
  • Gross Taxes: 3066

MLS Schools

  • School District: 2709 - Grinnell-Newburg
  • School District Name: Grinnell-Newburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Feb 17, 2022
Sold by
Crandall Kenneth D and Crandall Edna M
Bought by
Gonyea Kyle and Gonyea Denise
Seller's Agent
Robin Marcinik
Grinnell Realty LLC
Buyer's Agent
Penny Gable
TurnKey Realty LLC
List Price
$195,000
Sold Price
$177,000
Premium/Discount to List
-$18,000
-9.23%
Current Estimated Value
$204,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,066
Avg. Annual Appreciation
4.02%
Original Mortgage
$162,437
Outstanding Balance
$150,835
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving
Estimated Equity
$53,231
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
Gonyea Kyle $177,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonyea Kyle $162,437
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $177,000 -4.3% $59 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
11/03/2021 11/03/21 Price Changed $185,000 -5.1% $61 / Sq Ft
05/20/2021 05/20/21 For Sale $195,000 -- $64 / Sq Ft
Source: NoCoast MLS

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 $2,950 $179,100 $23,220 $155,880
2023 $2,730 $179,100 $23,220 $155,880
2022 $3,188 $144,420 $19,150 $125,270
2021 $3,188 $144,420 $19,150 $125,270
2020 $3,066 $121,800 $17,410 $104,390
2019 $2,504 $121,800 $17,410 $104,390
2018 $2,646 $96,280 $17,410 $78,870
2017 $2,420 $96,280 $17,410 $78,870
2016 $2,580 $84,270 $16,670 $67,600
2015 -- $84,270 $16,670 $67,600
2014 -- $82,340 $16,720 $65,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5761633

NoCoast MLS

APN: 180-0814300