NOT LISTED FOR SALE

423 Franklin St Keokuk, IA 52632

Estimated Value: $67,000 - $119,319

4 Beds
2 Baths
3,038 Sq Ft
$32/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $54,000 $18 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $725/month

820 Days on Market

About This Home

As of February 2018

Looking for income producing property. This 2 story brick has a unit on each floor that consist of 2 BDRS, living room, dining room, kitchen and full bath. Large roomy units with each having over 1500 sq. ft. of living space. Laundry area provided with some newer vinyl windows and hard wood flooring. Nice wood deck for grilling and multi uses. The down apartment currently rents for $550 and the up unit rents for $525. Each includes a one car attached garage. The landlord pays for heat and water expense with the tenant responsible for their other utilities. Separate 100 AMP electric service. Includes a Home Warranty Plan for the NEW owner that provides coverage for one year from the date of closing. NEW roof on the way-October 2017. Current taxes $1,940.

Last Agent to Sell the Property

Paul Westermeyer

The People's Real Estate Listed on: 10/28/2015

Last Buyer's Agent

Paul Westermeyer

The People's Real Estate Listed on: 10/28/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,286

Year Built

  • Built in 1920

Lot Details

  • 3,098 Sq Ft Lot
  • Lot Dimensions are 44.25' x 70'

Parking

  • 2 Car Garage

Home Design

  • 3,038 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

  • Hot Water Heating System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,286

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: Front 70.2' of SE 44.3', Lot 8, Blk 43
  • Municipality: Keokuk
  • Year Built: 1920
  • Stories: 2 Stories
  • Inspections: Self Inspected
  • OFFICELIST_ADDRESS: 423 Franklin Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2015-10-28
  • List Office I D: 776
  • M L Number Foreign: SEIA24016802
  • Sales Office I D: 776
  • Selling Agent: 3248
  • Share Listings With: CoreLogic Listing License, Realtor.com, Homes.com, Broker Reciprocity, RPR Listing License
  • Street Designation: Street
  • Building Style: Duplex Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 17.77
  • Above Grade Finished Sq Ft: 3038
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room

Exterior Features

  • Exterior: Brick/Stone, Other
  • Road Frontage: Other
  • Roof: Other

Utilities

  • Garage Stalls: 2
  • Heating: Hot Water

Condo/Co-op/Association

  • Common Features: Fenced

Fee Information

  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Keokuk

Lot Info

  • Acres: 0.07
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 44.25' X 70'
  • Lot Size Sq Ft: 3098
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Rental License: No

Multi Family

  • Tenant Expenses: Electricity
  • Total Units: 2
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

MLS Schools

  • School District: 3312 - Keokuk
  • School District Name: Keokuk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2015
Closed on
Feb 12, 2018
Sold by
Despines Karen A
Bought by
Anders Paul J and Anders Janet M
Seller's Agent
Paul Westermeyer
The People's Real Estate
Buyer's Agent
Paul Westermeyer
The People's Real Estate
List Price
$62,500
Sold Price
$54,000
Premium/Discount to List
-$8,500
-13.6%
Current Estimated Value
$96,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,747
Avg. Annual Appreciation
9.02%
Original Mortgage
$150,000
Outstanding Balance
$129,736
Interest Rate
4.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$27,064

Purchase Details

Closed on
Nov 14, 2005
Sold by
Gray Henry E and Gray Juanita E
Bought by
Despines Karen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.13%
Mortgage Type
New Conventional
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
Anders Paul J $53,500 --
Despines Karen A $62,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anders Paul J $150,000
Previous Owner Despines Karen A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2018 02/28/18 Sold $54,000 -13.6% $18 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
10/28/2015 10/28/15 For Sale $62,500 -- $21 / 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
2024 $2,286 $93,550 $4,960 $88,590
2023 $2,138 $93,550 $4,960 $88,590
2022 $1,822 $76,310 $4,960 $71,350
2021 $1,822 $76,310 $4,960 $71,350
2020 $1,874 $78,330 $5,260 $73,070
2019 $1,968 $78,330 $5,260 $73,070
2018 $1,900 $73,890 $0 $0
2017 $1,940 $73,890 $0 $0
2016 $1,864 $73,890 $0 $0
2015 $1,864 $73,890 $0 $0
2014 -- $73,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5428830

NoCoast MLS

APN: 04-45-22-30-160-0030