NOT LISTED FOR SALE

408 3rd St NE Independence, IA 50644

Estimated Value: $114,160 - $150,000

3 Beds
6 Baths
1,169 Sq Ft
$116/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $56,500 $48 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $855/month

3 Days on Market

About This Home

As of December 2020

Older side by side duplex with a 1 bedroom unit & a 2 bedroom unit. 1 bedroom unit has long term tenant, the 2 bedroom side is vacant and ready to go. Utilities are metered separate and tenants pay their own utilities. Stove, fridge, stack washer & dryer are included with 408 1/2 side. Stove & fridge is included on 408 side. There is a detached 2 car garage that the owner has kept for his own use. Listing agent is related to the sellers.

Last Agent to Sell the Property

Steve Ohl

Ohl Iowa Realty, Inc License #CR01745 / B18657000 Listed on: 11/15/2020

Ohl Iowa Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,378

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132

Home Design

  • Duplex
  • Asphalt Roof
  • Cement Board or Planked

Interior Spaces

  • Stone Basement
  • Laundry on main level

Parking

  • 2 Open Parking Spaces
  • On-Street Parking

Outdoor Features

  • Porch

Schools

  • Independence Elementary And Middle School
  • Independence High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Water Sewer Expense $103

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, trash collection, water
  • Assessor Parcel Number 1004256005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,378

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Parcel Number: 1004256005
  • Year Built: 1910
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-334-9258
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1169
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Below Grade Sq Ft: 1169

Exterior Features

  • Construction Type: Cement Board
  • Exterior Features: Porch
  • Siding: Cement Asbestos

Garage/Parking

  • Open Parking Spaces: 2
  • Parking Features: Detached, On Street

Utilities

  • Cooling: None
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Water - Multiple Meters
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 103

Schools

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

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 66 x 132
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Trash Collection, Water
  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1378

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Anderson Jeffrey K $91,800
Closed Mikey Ds Rentals Llc $73,877
Closed Mikey Ds Rentals Llc $45,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $56,500 -5.0% $48 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/15/2020 11/15/20 For Sale $59,500 -- $51 / 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 $1,584 $81,440 $20,560 $60,880
2023 $1,584 $81,440 $20,560 $60,880
2022 $1,390 $66,050 $16,320 $49,730
2021 $1,388 $66,050 $16,320 $49,730
2020 $1,388 $61,070 $14,960 $46,110
2019 $1,364 $61,070 $14,960 $46,110
2018 $1,308 $59,260 $14,960 $44,300
2017 $1,328 $59,260 $14,960 $44,300
2016 $1,308 $59,340 $8,090 $51,250
2015 $1,308 $59,340 $8,090 $51,250
2014 $1,334 $59,340 $8,090 $51,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20205732

Northeast Iowa Regional Board of REALTORS®

APN: 10.04.256.005