NOT LISTED FOR SALE

412 S 5th St Adel, IA 50003

Estimated Value: $285,814 - $341,000

Studio
2 Baths
1,836 Sq Ft
$170/Sq Ft Est. Value

Last Sold June 19, 2019

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

Est. 34% increase in value since last sale

Current estimated payment $1,993/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

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

  • Poured Concrete
  • 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

8,712 Sq Ft Lot

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

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%
Current Estimated Value
$311,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,704
Avg. Annual Appreciation
4.46%
Original Mortgage
$221,000
Outstanding Balance
$192,276
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$119,428
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $4,638 $283,490 $23,100 $260,390
2024 $4,624 $280,590 $23,100 $257,490
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

    245 Total Sales

    Julianna Cullen
    Section Image
  • Kevin Howe

    Seller Co-Listing Agent in 2019

    Kevin Howe

    RE/MAX

    (515) 710-2458

    63 in this area

    181 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

Not Listed for Sale

MultiFamily

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