NOT LISTED FOR SALE

423 Jeffrey Ln Ames, IA 50014

Edwards Neighborhood

Estimated Value: $281,000 - $361,000

4 Beds
2 Baths
1,731 Sq Ft
$183/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $221,000 $128 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,993/month

5 Days on Market

Highlights

  • 1-Story Property
  • Carpet
  • 2-minute walk to Christopher Gartner Park
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

Nice side by side duplex with 2 bed/1 bath on each side with possible opportunity to owner occupy and live in one side and rent the other, or parent investor, or investor with future upside! Tenant responsible for all utilities, lawn and snow. Basement is unfinished. Easy access to campus, west Hy-vee, hwy 30, and Ames Middle School. Line up your showing today as this one won't last long.

Last Agent to Sell the Property

Lloyd Flanders

RE/MAX REAL ESTATE CENTER License #S58137 Listed on: 04/09/2021

RE/MAX REAL ESTATE CENTER

Last Buyer's Agent

K'Lynn Lynn

RE/MAX REAL ESTATE CENTER License #S44736

RE/MAX REAL ESTATE CENTER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,936

Year Built

  • Built in 1977

Lot Details

  • 8,400 Sq Ft Lot

Home Design

  • Duplex
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,731 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 09-08-152-140

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $25,472
  • Gross Income $16,200
  • Net Operating Income $9,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,936

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.19
  • Lot Size: NA
  • Garage Yn: No
  • Unit Levels: One
  • Year Built: 1977
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Floor:Carpet: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Concrete Block: Yes
  • Annual Expenses: 25472.0
  • Income Expenses Net Income: 9272.0
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Flooring: Vinyl, Carpet
  • Basement:Full2: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Block

Garage/Parking

  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 8400.0
  • Parcel #: 09-08-152-140
  • Zoning: R

Rental Info

  • Who Pays Trash: Tenant
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0
  • Property Net Operating Income: 9272.0
  • Annual Operating Expense: 25472.0

Tax Info

  • Tax Annual Amount: 2935.87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 20, 2021
Sold by
Johnson William F
Bought by
Bourke Management Group Llc
Seller's Agent
Lloyd Flanders
RE/MAX REAL ESTATE CENTER
Buyer's Agent
K'Lynn Lynn
RE/MAX REAL ESTATE CENTER
List Price
$200,000
Sold Price
$221,000
Premium/Discount to List
$21,000
10.5%
Current Estimated Value
$316,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,016
Avg. Annual Appreciation
8.10%

Purchase Details

Closed on
Apr 2, 2014
Sold by
Johnson William F and Johnson Leigh A
Bought by
The William Fawver Johnson And Leigh Ann

Purchase Details

Closed on
Dec 23, 2011
Sold by
Akers Andrew V and Akers Heather C
Bought by
Johnson William F and Johnson Leigh A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
3.97%
Mortgage Type
New Conventional
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
Bourke Management Group Llc $221,000 None Available
The William Fawver Johnson And Leigh Ann -- None Available
Johnson William F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson William F $78,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $221,000 +10.5% $128 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $200,000 -- $116 / Sq Ft
Source: Central Iowa 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
2025 $4,104 $316,200 $42,000 $274,200
2024 $4,018 $282,900 $44,600 $238,300
2023 $3,002 $282,900 $44,600 $238,300
2022 $2,964 $178,400 $44,600 $133,800
2021 $2,978 $178,400 $44,600 $133,800
2020 $2,936 $169,300 $42,300 $127,000
2019 $2,936 $169,300 $42,300 $127,000
2018 $2,958 $169,300 $42,300 $127,000
2017 $2,958 $169,300 $42,300 $127,000
2016 $2,590 $147,100 $32,300 $114,800
2015 $2,590 $147,100 $32,300 $114,800
2014 $2,642 $147,100 $32,300 $114,800
Source: Public Records

Agents Affiliated with this Home

  • Lloyd Flanders

    Seller's Agent in 2021

    Lloyd Flanders

    RE/MAX

    (515) 450-9890

    12 in this area

    228 Total Sales

    Lloyd Flanders
    Section Image
  • K'Lynn Lynn

    Buyer's Agent in 2021

    K'Lynn Lynn

    RE/MAX

    (515) 450-0476

    4 in this area

    127 Total Sales

    K'Lynn Lynn
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 57283

APN: 09-08-152-140

Iowa Story County Ames 50014 Edwards

423 Jeffrey Ln, Ames, IA

Not Listed for Sale

MultiFamily

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