NOT LISTED FOR SALE

403 West St Grinnell, IA 50112

Estimated Value: $81,000 - $114,044

3 Beds
1 Bath
1,073 Sq Ft
$88/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $45,000 $42 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $677/month

86 Days on Market

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating System
  • 4-minute walk to Davis School Playground

About This Home

As of August 2022

One house and small cottage on the corner of Hwy 146 and Washington Ave. House #1: 1 bedroom, 1 bath house with an attached 1 car garage. Upstairs is completely unfinished and could be made into an additional bedroom. House #2: Formerly a barbershop (many years ago), now currently configured as a stand alone studio apt/cottage with 3/4 bathroom. Business in the front; house in the back? This could be a great opportuniity to use/develop as 2 unit residential rental. -OR- develop both units for commercial use. Corner lot with alley access. Property zoned C1 commercial being sold AS-IS.

Last Agent to Sell the Property

Matt Karjalahti

RE/MAX Partners Realty, Grinnell License #*** Listed on: 04/18/2022

RE/MAX Partners Realty, Grinnell

Last Buyer's Agent

Matt Karjalahti

RE/MAX Partners Realty, Grinnell License #*** Listed on: 04/18/2022

RE/MAX Partners Realty, Grinnell

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $880

Year Built

  • Built in 1900

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75 x 150

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 1,073 Sq Ft Home
  • 1.5-Story Property
  • Partial Basement

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$880

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Accessible: Other
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: LOT 11 NE SE 17-80-16
  • Municipality: Grinnell
  • Section Number: 17
  • Year Built: 1900
  • Stories: 1.5 Stories
  • OFFICELIST_ADDRESS: 403 West Street
  • Distribute To Internet: Yes
  • InternetOptions: Cable, DSL, Fiber Optic, Satellite
  • Listing Entry Date Time: 2022-04-19
  • List Office I D: 395
  • Sales Office I D: 395
  • Selling Agent: 2136
  • Street Designation: Street
  • Building Style: Duplex Side x Side
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Main Floor Sq Ft: 1073
  • Price Per S Q F T: 41.94
  • Above Grade Finished Sq Ft: 1073
  • Fireplace: No
  • Total Finished Sq Ft: 1073

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Fiber Board
  • Foundation Size: 1073
  • Roof: Asphalt Shingles
  • Construction Type: Frame

Garage/Parking

  • Description: Attached Garage, Driveway - Gravel
  • Fuel: Natural Gas, Electric
  • Garage Sq Ft: 368

Utilities

  • Garage Stalls: 1
  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected
  • Electric: Circuit Breakers

Fee Information

  • 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: 75 X 150
  • Lot Size Sq Ft: 11325.6
  • Lot Size Units: Acres

Green Features

  • Certification: No

Rental Info

  • Availability: Available
  • Rental License: No

Tax Info

  • Tax With Assessments: 880
  • Tax Year: 2021
  • Gross Taxes: 880

Multi Family

  • Total Units: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Sep 1, 2022
Sold by
Wayne Hines Angela
Bought by
Deanne R Grabinski Trust
Seller's Agent
Matt Karjalahti
RE/MAX Partners Realty, Grinnell
Buyer's Agent
Matt Karjalahti
RE/MAX Partners Realty, Grinnell
List Price
$67,000
Sold Price
$45,000
Premium/Discount to List
-$22,000
-32.84%
Views
48
Current Estimated Value
$105,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,957
Avg. Annual Appreciation
28.41%
Original Mortgage
$45,600
Outstanding Balance
$43,953
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$51,804

Purchase Details

Closed on
May 24, 2019
Sold by
Hines Roger A
Bought by
Hines Kenneth W

Purchase Details

Closed on
May 24, 2002
Sold by
Meyer Clifton E and Meyer Katherine M
Bought by
Hines Roger A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deanne R Grabinski Trust $45,000 --
Hines Kenneth W $25,000 --
Hines Roger A $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deanne R Grabinski Trust $45,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $45,000 -32.8% $42 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $67,000 -- $62 / 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 $1,166 $59,260 $18,750 $40,510
2023 $1,030 $70,830 $18,750 $52,080
2022 $1,020 $54,430 $13,920 $40,510
2021 $1,020 $51,350 $13,130 $38,220
2020 $862 $44,300 $13,130 $31,170
2019 $706 $44,300 $13,130 $31,170
2018 $690 $44,300 $13,130 $31,170
2017 $710 $44,300 $13,130 $31,170
2016 $704 $44,300 $13,130 $31,170
2015 $704 $44,380 $13,850 $30,530
2014 $704 $44,380 $13,850 $30,530
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: NoCoast MLS

MLS Number: NOC6181092

NoCoast MLS

APN: 180-0601000