NOT LISTED FOR SALE

426 1st Ave W Dyersville, IA 52040

Estimated Value: $154,000 - $184,000

4 Beds
4 Baths
3,288 Sq Ft
$51/Sq Ft Est. Value

Last Sold November 04, 2016

Last sale price $92,000 $28 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,005/month

47 Days on Market

About This Home

As of November 2016

Excellent Investment Opportunity! This 4-Plex offers over $18,000 gross yearly income, all units currently occupied by long term tenants. One tenant has rented unit for over 40 years. Each unit has its own furnace, window air unit, water heater & electric panel. All units share the coin laundry in the front entry for additional income for owner! Unit 1 maintains lawn & shovels snow. Tenants pay for heat & electricity. Solid brick structure with vinyl windows throughout. Great return for your dollar! This truely is an excellent investment opportunity - it won't last long!

Last Agent to Sell the Property

Theresa Neuhaus

American Realty of Dubuque, Inc. Listed on: 08/09/2016

Last Buyer's Agent

Barry Olberding

American Realty of Dubuque, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,202

Year Built

  • Built in 1900

Lot Details

  • 0.25

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Available

Listing and Financial Details

  • Tenant pays for gas, electric
  • The owner pays for water, trash
  • Assessor Parcel Number 0731103009

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,249
  • Utility Expense $2,240
  • Real Estate Tax Expense $1,830
  • Net Operating Income $13,401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,202

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: 2 Story
  • Style2: 2 Story
  • Type: Four Plex
  • Year Built: 1900
  • Lvt Date: 08/10/2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • Estimated Total Above Ground Sq Ft: 3288
  • Estimated Finished Sq Ft: 3288
  • Estimated Sq Ft: 3288
  • Estimated Main Sq Ft: 1644
  • Estimated Upper Sq Ft: 1644
  • Basement: Full

Exterior Features

  • Foundation: Rock
  • Roof: Asp/Composite Shingle
  • Siding: Brick

Garage/Parking

  • Parking: On Street

Utilities

  • Cooling: Window Unit
  • Fuel Type: Gas
  • Heat Type: Forced Air

Condo/Co-op/Association

  • Amenities: Smoke Detectors

Schools

  • Elementary School: Dyersville of W.D.
  • Middle School: Drexler-Farley of W.D.
  • High School: Western Dubuque-Epworth

Lot Info

  • Lot Size: 0.25
  • Parcel Id Number: 0731103009
  • Zoning: R-2

Rental Info

  • Owner Pays: Water, Trash
  • Tenant Pays: Gas, Electric

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2016
Closed on
Nov 4, 2016
Sold by
Budden Todd J and Budden Lindsey A
Bought by
Revelation Properties Llc
Seller's Agent
Theresa Neuhaus
American Realty of Dubuque, Inc.
Buyer's Agent
Barry Olberding
American Realty of Dubuque, Inc.
List Price
$114,900
Sold Price
$92,000
Premium/Discount to List
-$22,900
-19.93%
Current Estimated Value
$166,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,479
Avg. Annual Appreciation
6.93%
Original Mortgage
$73,600
Outstanding Balance
$59,875
Interest Rate
3.42%
Mortgage Type
Commercial
Estimated Equity
$106,527
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
Revelation Properties Llc $92,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Revelation Properties Llc $73,600
Previous Owner Budden Todd $110,000
Previous Owner Till Mark S $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2016 11/04/16 Sold $92,000 -19.9% $28 / Sq Ft
09/25/2016 09/25/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $114,900 +54.2% $35 / Sq Ft
10/16/2014 10/16/14 Sold $74,500 -35.2% $23 / Sq Ft
09/18/2014 09/18/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $114,900 -- $35 / Sq Ft
Source: East Central Iowa 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
2024 $1,202 $88,900 $22,100 $66,800
2023 $1,166 $88,900 $22,100 $66,800
2022 $1,722 $96,858 $28,896 $67,962
2021 $1,722 $86,475 $25,799 $60,676
2020 $1,746 $86,475 $25,799 $60,676
2019 $1,534 $86,475 $25,799 $60,676
2018 $1,620 $73,910 $22,050 $51,860
2017 $1,724 $73,430 $22,050 $51,380
2016 $1,724 $73,430 $22,050 $51,380
2015 $1,830 $73,430 $22,050 $51,380
2014 $2,908 $106,360 $22,050 $84,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: 131000

East Central Iowa Association of REALTORS®

APN: 07-31-103-009