NOT LISTED FOR SALE

407 Terrace Dr Independence, IA 50644

Estimated Value: $291,000 - $322,000

4 Beds
2.5 Baths
2,849 Sq Ft
$109/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $260,000 $91 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,157/month

63 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Multiple Fireplaces
  • 1 Car Attached Garage

About This Home

As of January 2022

The seller has reduced the price almost $10,000 on this two story home which has approximately 2,224 square feet finished above grade with some additional finish in the basement. As you enter the home there is an open staircase to the second level. There is a formal dining room, living room with a gas fireplace, half bath, kitchen and laundry room all on the main floor. There are also two bedrooms on the main floor with a jack and jill bath. Located on the upper level is a master suite and an additional room. The lower level features a family room with a additional bedroom and walk out basement. This very well maintained house is located in a great neighborhood. Call today to set up a showing.

Last Agent to Sell the Property

Keith Donnelly

Ohl Iowa Realty, Inc License #S62197000 Listed on: 09/27/2021

Ohl Iowa Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,236

Year Built

  • Built in 1989

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 70x145x130x145
  • Property is zoned R-2

Parking

  • 1 Car Attached Garage

Home Design

  • Concrete Foundation
  • Asphalt Roof
  • Slate

Interior Spaces

  • 2,849 Sq Ft Home
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Independence Elementary And Middle School
  • Independence High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 1003328009

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,236

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Parcel Number: 1003328009
  • Year Built: 1989
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • Lot Size Acres: 0.333
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Concrete
  • Co List Office Phone: 319-334-9258
  • MLS Status: Closed
  • Reso Fireplace Features: Multiple, Gas, Woodburning Fireplce
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 2849
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Concrete
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 625
  • BelowGradeArea: 1081

Exterior Features

  • Construction Type: Slate
  • Exterior Features: Deck, Porch-Covered

Garage/Parking

  • Parking Features: 1 Stall, Attached Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Independence
  • High School: Independence
  • Middle Or Junior School: Independence

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 70x145x130x145
  • Lot Size Sq Ft: 14500
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 5236.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Jan 27, 2022
Sold by
Steinbeck Marlene J
Bought by
Maas Michael S and Maas Suzanne E
Seller's Agent
Keith Donnelly
Ohl Iowa Realty, Inc
List Price
$284,000
Sold Price
$260,000
Premium/Discount to List
-$24,000
-8.45%
Current Estimated Value
$310,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,444
Avg. Annual Appreciation
5.67%
Original Mortgage
$170,000
Outstanding Balance
$159,179
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$157,792
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
Maas Michael S $260,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maas Michael S $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $260,000 -5.4% $91 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
11/08/2021 11/08/21 Price Changed $274,900 -3.2% $96 / Sq Ft
09/27/2021 09/27/21 For Sale $284,000 -- $100 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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 $5,616 $299,350 $33,060 $266,290
2023 $5,616 $299,350 $33,060 $266,290
2022 $5,034 $251,530 $26,240 $225,290
2021 $5,040 $251,530 $26,240 $225,290
2020 $5,040 $233,610 $23,850 $209,760
2019 $4,946 $233,610 $23,850 $209,760
2018 $4,736 $226,540 $23,850 $202,690
2017 $4,948 $226,540 $23,850 $202,690
2016 $4,868 $232,880 $19,870 $213,010
2015 $4,868 $232,880 $19,870 $213,010
2014 $4,966 $232,880 $19,870 $213,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20214682

Northeast Iowa Regional Board of REALTORS®

APN: 10.03.328.009