NOT LISTED FOR SALE

412 Division St Burlington, IA 52601

Estimated Value: $43,931 - $97,000

3 Beds
2 Baths
1,484 Sq Ft
$43/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $40,000 $27 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $399/month

20 Days on Market

Highlights

  • No Interior Steps
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of March 2023

GREAT RENTAL INCOME.... 3 BEDROOM RENTS 650... EFFICIENCY RENTS 485... TENNANTS HAVE BEEN THERE 3-4 YEARS ... CURRENT RENTAL PERMIT 5 YEARS ( OUTSIDE SOFFITS NEED PAINT BY 6-1-2023) LANDLORD PAYS WATER AND UTILITIES FOR EFFICIENCY ONLY... NICE DOWNTOWN LOCATION ...

Last Agent to Sell the Property

Kim Staub

RE/MAX Real Estate Specialists Listed on: 02/21/2023

RE/MAX Real Estate Specialists

Last Buyer's Agent

John Mercer

Midwest Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $586

Year Built

  • Built in 1870

Lot Details

  • 4,182

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 1,484 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Additional Features

  • No Interior Steps
  • Lot Dimensions are 50 x 88
  • Forced Air Heating System

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $740
  • Insurance Expense $1,200
  • Gross Income $13,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$586

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Accessible: No Stairs Internal
  • Legal Description: BURLINGTON BURLINGTON ORIG ITY LOT
  • Municipality: Burlington
  • Year Built: 1870
  • Stories: 1 Story
  • OFFICELIST_ADDRESS: 412 DIVISION Street
  • Distribute To Internet: Yes
  • List Office I D: 698
  • Sales Office I D: 2778
  • Selling Agent: 4628
  • Street Designation: Street
  • Building Style: Duplex Side x Side
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Bedrooms: 3
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Number of Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Basement: Full, Poured Concrete
  • Price Per S Q F T: 26.95
  • Above Grade Finished Sq Ft: 1484
  • Below Grade Total Sq Ft: 700
  • Fireplace: No
  • Total Finished Sq Ft: 1484

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Fuel: Electric, Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water - In Street

Fee Information

  • Expense Electric: 739.53
  • Expense Repair: 500
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Geo Update Timestamp: 2023-02-22
  • Assessment Pending: Unknown
  • Homestead Description: None
  • Lot Dimensions: 50 X 88
  • Lot Size Units: Acres

Multi Family

  • Expense Insurance: 1200
  • Expense Water Sewer: 1914
  • Total Units: 2

Tax Info

  • Tax Year: 2021
  • Gross Taxes: 586
  • Net Taxes: 586

MLS Schools

  • School District: 882 - Burlington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
Mar 28, 2023
Sold by
Mpga Llc
Bought by
Roth Ryan
Seller's Agent
Kim Staub
RE/MAX Real Estate Specialists
Buyer's Agent
John Mercer
Midwest Realty
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%
Views
72
Current Estimated Value
$63,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,483
Avg. Annual Appreciation
19.61%
Original Mortgage
$32,120
Outstanding Balance
$25,878
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$37,605

Purchase Details

Closed on
Jun 4, 2007
Sold by
Schneider Todd E
Bought by
Gerdes Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,400
Interest Rate
6.22%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Roth Ryan $40,000 --
Gerdes Kenneth $23,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roth Ryan $32,120
Previous Owner Gerdes Kenneth $18,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2023 03/30/23 Sold $40,000 -19.8% $27 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $49,900 -- $34 / 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 $796 $46,200 $5,900 $40,300
2024 $796 $41,000 $5,900 $35,100
2023 $578 $41,000 $5,900 $35,100
2022 $586 $28,800 $5,900 $22,900
2021 $586 $28,800 $5,900 $22,900
2020 $624 $28,800 $5,900 $22,900
2019 $626 $28,800 $5,900 $22,900
2018 $628 $27,200 $6,100 $21,100
2017 $618 $0 $0 $0
2016 $596 $0 $0 $0
2015 $596 $0 $0 $0
2014 $604 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Staub

    Seller's Agent in 2023

    Kim Staub

    RE/MAX

    (319) 759-8300

    245 in this area

    303 Total Sales

    Kim Staub
    Section Image
  • John Mercer

    Buyer's Agent in 2023

    John Mercer

    Midwest Realty

    (319) 572-5445

    112 in this area

    166 Total Sales

    John Mercer
    Section Image
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Map

Source: NoCoast MLS

MLS Number: NOC6305812

NoCoast MLS

APN: 16-05-242-010

Iowa Des Moines County Burlington 52601

412 Division St, Burlington, IA

This home is located at 412 Division St, Burlington, IA 52601 since 21 February 2023 and is currently estimated at $63,483, approximately $42 per square foot. This property was built in 1870. 412 Division St is a home located in Des Moines County with nearby schools including Burlington Community High School, Great River Christian School, and Burlington Christian School.

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.

NoCoast MLS 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.

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