NOT LISTED FOR SALE

405 Pine St Unit 40 Sheldon, IA 51201

Studio
-- Bath
-- Sq Ft
1.6 Acres

Last Sold October 30, 2017

Last sale price $475,000

49 Days on Market

Highlights

  • 1.6 Acre Lot
  • Baseboard Heating
  • Coin Laundry
  • East Elementary School Rated A

About This Home

As of October 2017

Apartment Bldg with 40 units. 3 buildings. Unit 1 has 6 apartments all two bedroom. Unit 2 has 12 Apartments all one bedroom. Unit 3 has 22 single apartments and 1 double used as the office. Total sq. ft. 21,472. (may vary some). Property 97% full with some updating with empties. 2 bedroom unit pays there own electric bill and the others owner pays. No gas except laundry room, generates some extra income. 4 washers and 8 dryers. Large gravel parking area. Roof is about 8 years old. Property generates good income. All apartments vary in rents do to if they were improved. Rents could be increased. Rent and other information may be obtained when need.

Last Agent to Sell the Property

Ken O' Dea

Realty Specialists Listed on: 08/28/2017

Last Buyer's Agent

Rick Arnold

United Real Estate Solutions

United Real Estate Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,968

Year Built

  • Built in 1976

Lot Details

  • 1.6 Acre Lot

Parking

  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Radiant Heating System
  • Internet Available

Community Details

  • 40 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 017+0043556000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,968

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Legal Description: Dean's First Add Lot 5 Vac ST N & W of 5 & S 48.6' of 13
  • Newspaper: Yes
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Road Frontage: 240

Garage/Parking

  • Internet: Yes
  • Driveway: Gravel

Utilities

  • Air Conditioning Type: Window Unit
  • Fuel Type: Electric
  • Heat Type: Baseboard, Radiant
  • Sewer Type: City
  • Water Type: City
  • Coin Operated Laundry: Yes

Lot Info

  • Acres: 1.6
  • Lot Sq Ft: 240x288
  • Parcel Number: 017+0043556000

Rental Info

  • Paid By Electric: Owner
  • Paid By Gas: Owner
  • Paid By Water: Owner

Tax Info

  • Year: 2017
  • Gross Taxes: 9968

Multi Family

  • Units Number: 40
  • Number Of Units: 40
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2017 10/30/17 Sold $475,000 -9.5% --
10/16/2017 10/16/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $525,000 -- --
Source: Northwest Iowa Regional Board of REALTORS®

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 $16,224 $1,103,770 $34,370 $1,069,400
2024 $16,224 $984,940 $34,370 $950,570
2023 $9,954 $984,940 $34,370 $950,570
2022 $11,668 $561,000 $25,780 $535,220
2021 $11,668 $561,000 $25,780 $535,220
2020 $8,396 $356,570 $25,780 $330,790
2019 $8,696 $0 $0 $0
2018 $8,754 $0 $0 $0
2017 $9,968 $0 $0 $0
2016 $10,774 $353,290 $0 $0
2015 $10,774 $353,290 $0 $0
2014 $11,282 $353,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 719171

Northwest Iowa Regional Board of REALTORS®

APN: 0043556000