Seller's Agent in 2023
Mark Hanwright
Heartland Properties
(402) 516-6670
17 in this area
250 Total Sales
405 N 16th St Council Bluffs, IA 51501
The Heights NeighborhoodEstimated Value: $153,000 - $162,000
3
Beds
2
Baths
1,584
Sq Ft
$100/Sq Ft
Est. Value
About This Home
As of March 2023INVESTOR ALERT! 2 FOR 1 CASH FLOW PROPERTY!! This turnkey investment property offers not one, but two rental houses plus a detached garage. The two homes have previously been rented for $1100 and $700 each, and both are freshly painted and cleaned ready for you to place the tenants of your choosing. Each house is separately metered for gas, electricity and water so tenants can pay their own utilities. With minimal owner expenses, and great financial projections, this investment property offers an excellent return with an estimated CAP rate of 10.36%!!!
Last Agent to Sell the Property
Heartland Properties License #B61001000 Listed on: 01/16/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,818
Year Built
- Built in 1920
Lot Details
- 5,663
Parking
- 1 Car Garage
Home Design
- Frame Construction
- Composition Roof
Schools
- Roosevelt Elementary School
- Woodrow Wilson Middle School
- Thomas Jefferson High School
Utilities
- Air Conditioning
- Window Unit Cooling System
Additional Features
- 2-Story Property
- Lot Dimensions are 44x130
Community Details
- Gross Income $21,600
Listing and Financial Details
- Tenant pays for electric, water, - see remarks, gas, garbage
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 21, 2025
Sold by
Rybin Joshua Jay and Rybin Leah Lyn
Bought by
Kjdwn Enterprises Corp
Current Estimated Value
Purchase Details
Closed on
Sep 20, 2022
Sold by
Johnnie Bright
Bought by
Rybin Joshua Jay
Purchase Details
Closed on
Nov 15, 2021
Sold by
Ellen Dilts Ruth
Bought by
Bright Johnnie
Purchase Details
Closed on
May 30, 2020
Sold by
Dilts Ellen Ruth
Bought by
Bright Johnnie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
5.5%
Mortgage Type
Land Contract Argmt. Of Sale
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kjdwn Enterprises Corp | $140,500 | None Listed On Document | |
| Rybin Joshua Jay | $100,000 | -- | |
| Bright Johnnie | $85,000 | Sulhoff James D | |
| Bright Johnnie | $85,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bright Johnnie | $73,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2023 03/28/23 | Sold | $140,000 | -6.4% | $88 / Sq Ft |
| 02/16/2023 02/16/23 | Pending | -- | -- | -- |
| 02/10/2023 02/10/23 | Price Changed | $149,500 | -2.0% | $94 / Sq Ft |
| 01/30/2023 01/30/23 | Price Changed | $152,500 | -4.6% | $96 / Sq Ft |
| 01/16/2023 01/16/23 | For Sale | $159,900 | -- | $101 / Sq Ft |
Source: Southwest Iowa Association of Realtors®
Tax History Compared to Growth
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 | $2,818 | $122,400 | $16,400 | $106,000 |
| 2023 | $2,860 | $122,400 | $16,400 | $106,000 |
| 2022 | $2,916 | $110,700 | $15,000 | $95,700 |
| 2021 | $3,980 | $110,700 | $15,000 | $95,700 |
| 2020 | $2,576 | $110,700 | $15,000 | $95,700 |
| 2019 | $2,666 | $103,681 | $16,431 | $87,250 |
| 2018 | $2,616 | $103,681 | $16,431 | $87,250 |
| 2017 | $2,644 | $103,681 | $16,431 | $87,250 |
| 2015 | $2,586 | $103,681 | $16,431 | $87,250 |
| 2014 | $2,588 | $103,681 | $16,431 | $87,250 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Hanwright
-
Clint Brunow
Buyer's Agent in 2023
Clint Brunow
Heartland Properties
(402) 670-4500
10 in this area
83 Total Sales
Map
Source: Southwest Iowa Association of Realtors®
MLS Number: 23-84
APN: 7544-26-414-006
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.
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.
Nearby Homes