NOT LISTED FOR SALE

406 E State St Marshalltown, IA 50158

Estimated Value: $87,000 - $232,791

1 Bed
1 Bath
1,615 Sq Ft
$94/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $132,000 $82 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,064/month

1 Day on Market

About This Home

As of November 2017

YOUR DREAM OF REAL ESTATE INCOME CAN BECOME A REALITY! When you invest in this 3 unit-3 garage apartment complex, you invest in your future. Put away the worry of financial woes and reap the benefits of your investment immediately. Units A and B offer 2 bedrooms, 1 bath; while Unit C provides a cozy 1 bedroom, 1 bath. This property comes with a concrete drive leading to a 3 stall detached garage. Each unit is furnished with its own stove, oven, water heater, furnace, and stack-able washer/dryer unit. Call us today for more information.

Last Agent to Sell the Property

Fauna Nord

Legacy Real Estate License #*** Listed on: 10/20/2017

Last Buyer's Agent

Fauna Nord

Legacy Real Estate License #*** Listed on: 10/20/2017

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1996

Lot Details

  • 0.25

Parking

  • 3 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,615 Sq Ft Home
  • 1.5-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • 0.25 Acre Lot
  • Forced Air Heating System

Community Details

Overview

  • 3 Units

Building Details

  • Trash Expense $867
  • Gross Income $21,300

Property Details

Home Type

Apartment

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: per abstract
  • Municipality: Marshalltown
  • Year Built: 1996
  • Stories: 1.5 Stories
  • OFFICELIST_ADDRESS: 406 E State Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2017-10-20
  • List Office I D: 394
  • M L Number Foreign: MIR35013997
  • Sales Office I D: 394
  • Selling Agent: 1610
  • Share Listings With: CoreLogic Listing License, Realtor.com, Homes.com, Broker Reciprocity, RPR Listing License
  • Street Designation: Street
  • Building Style: Apartment
  • Unit 1 Appliances: Range, Refrigerator, Washer, Dryer
  • Unit 1 Annual Rent: 7200
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Month Rent: 600
  • Unit 1 Number of Units: 1
  • Unit 2 Annual Rent: 7500
  • Unit 2 Month Rent: 625
  • Unit 2 Number of Units: 1
  • Unit 3 Annual Rent: 6600
  • Unit 3 Month Rent: 550
  • Unit 3 Number of Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Price Per S Q F T: 81.73
  • Above Grade Finished Sq Ft: 1615
  • 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

Exterior Features

  • Exterior: Vinyl
  • Road Frontage: Sidewalks, Other
  • Roof: Other

Utilities

  • Garage Stalls: 3
  • Heating: Forced Air

Condo/Co-op/Association

  • Common Features: Blinds/Shades, Carpets, W/D Hookups

Fee Information

  • Annual Expense: 4958.76
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.25
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 0.25 acres
  • Lot Size Sq Ft: 10890
  • Lot Size Units: Acres
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Rental License: No

Multi Family

  • Expense Trash: 866.76
  • Tenant Expenses: Cable T.V., Electricity, Fuel, Water
  • Total Units: 3
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Gross Taxes: 3792

MLS Schools

  • School District: 4104 - Marshalltown
  • School District Name: Marshalltown

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
11/30/2017 11/30/17 Sold $132,000 -5.6% $82 / Sq Ft
10/21/2017 10/21/17 Pending -- -- --
10/20/2017 10/20/17 For Sale $139,900 -- $87 / 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
2025 $3,212 $142,800 $15,160 $127,640
2024 $3,212 $166,300 $15,160 $151,140
2023 $3,086 $166,300 $15,160 $151,140
2022 $3,404 $137,860 $7,160 $130,700
2021 $3,284 $150,310 $7,160 $143,150
2020 $3,284 $139,350 $7,160 $132,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5469922

NoCoast MLS

APN: 8418-26-480-014