NOT LISTED FOR SALE

412 S 5th St Adel, IA 50003

Estimated Value: $292,000 - $351,000

-- Bed
2 Baths
1,836 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 19, 2019

Last sale price $233,000 $127 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,161/month

49 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Storage
  • ADM Middle School Rated A-
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of June 2019

Rare investment opportunity in Adel. 2 story duplex with full basement. 412 S 5th currently is rented, new 12 month lease will begin 6/1/2019.

Last Agent to Sell the Property

Julianna Cullen

RE/MAX Precision Listed on: 04/29/2019

Co-Listed By

Kevin Howe

RE/MAX Precision

Last Buyer's Agent

Jon Sieck

RE/MAX Precision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,368

Year Built

  • Built in 1989

Lot Details

  • 8,712

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,836 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove
  • Dishwasher

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1132207008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $1,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,368

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 130.72
  • Sp Amt Sq Ft: 126.91
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Half Bathrooms: 2
  • Included Items: Dishwasher, Refrigerator, Stove
  • Living Area Sq Ft: 1836
  • Total Sq Ft: 1836

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Poured
  • Paved: Yes
  • Sidewalk: y
  • Street Feature: Concrete

Garage/Parking

  • Garage: 2 Attached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Adel-Desoto-Minburn

Lot Info

  • Assessor Parcel Number: 1132207008
  • Zoning: R

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Tenant, Electric Tenant, Gas Tenant, Misc Exp Tenant, Water Tenant

Tax Info

  • Gross Taxes: 3368.00
  • Net Taxes: 3182.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adel-Desoto-Minburn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 18, 2019
Sold by
Evans View Llc
Bought by
Sieck Henry J
Seller's Agent
Julianna Cullen
RE/MAX Precision
Buyer's Agent
Jon Sieck
RE/MAX Precision
List Price
$240,000
Sold Price
$233,000
Premium/Discount to List
-$7,000
-2.92%
Total Days on Market
49
Current Estimated Value
$316,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,413
Avg. Annual Appreciation
5.11%
Original Mortgage
$221,000
Outstanding Balance
$197,932
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$115,586
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
Sieck Henry J $233,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sieck Henry J $221,000
Previous Owner Schultz Nedra G $117,000
Previous Owner Schultz Nedra G $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2019 06/19/19 Sold $233,000 -2.9% $127 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $240,000 -- $131 / Sq Ft
Source: Des Moines Area Association 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
2023 $4,624 $267,240 $23,100 $244,140
2022 $3,854 $231,730 $23,100 $208,630
2021 $3,854 $194,680 $23,100 $171,580
2020 $3,758 $180,660 $23,100 $157,560
2019 $3,240 $179,890 $23,100 $156,790
2018 $3,240 $156,840 $23,100 $133,740
2017 $3,182 $156,840 $23,100 $133,740
2016 $2,872 $144,800 $26,430 $118,370
2015 $2,880 $144,800 $0 $0
2014 $2,880 $144,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julianna Cullen

    Seller's Agent in 2019

    Julianna Cullen

    RE/MAX

    (515) 480-3787

    75 in this area

    256 Total Sales

    Julianna Cullen
    Section Image
  • Kevin Howe

    Seller Co-Listing Agent in 2019

    Kevin Howe

    RE/MAX

    (515) 710-2458

    62 in this area

    193 Total Sales

    Kevin Howe
    Section Image

  • J

    Buyer's Agent in 2019

    Jon Sieck

    RE/MAX

    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 581193

Des Moines Area Association of REALTORS®

APN: 11-32-207-008

Iowa Dallas County Adel 50003

412 S 5th St, Adel, IA

This home is located at 412 S 5th St, Adel, IA 50003 since 29 April 2019 and is currently estimated at $316,413, approximately $172 per square foot. This property was built in 1989. 412 S 5th St is a home located in Dallas County with nearby schools including Adel Elementary School, ADM Middle School, and DeSoto Intermediate 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.

Des Moines Area Association of REALTORS® 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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