NOT LISTED FOR SALE

427 Newton Rd Madrid, IA 50156

Estimated Value: $83,000 - $255,000

4 Beds
2 Baths
1 Sq Ft
$195,389/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $135,000 $135,000 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,326/month

197 Days on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • 2 Car Detached Garage

About This Home

As of March 2015

Great property. Great location. Currently under rented as owner's son lives in one side. Leases expire Oct. 1 2014. Well maintained with lots of updates. Huge lot with mature trees. Two car heated garage with attached shop. Property should rent for $650 to $700 per side per month.

Last Agent to Sell the Property

Donald Lincoln

Larson Agency License #B39299 Listed on: 08/15/2014

Last Buyer's Agent

Donald Lincoln

Larson Agency License #B39299 Listed on: 08/15/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.36

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Construction Material

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

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

Additional Features

  • 1-Story Property
  • Lot Dimensions are 90x196

Listing and Financial Details

  • Assessor Parcel Number 088226254486007

Community Details

Overview

  • 2 Units
  • Stove Association

Building Details

  • Operating Expense $282
  • Gross Income $823
  • Net Operating Income $542

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size: 90x196
  • Architectural Style: 1 Story
  • Garage Yn: Yes
  • Year Built: 1965
  • Foundation:Poured: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Vinyl2: Yes
  • Exterior:Vinyl: Yes
  • Floor:Hardwood: Yes
  • Keywords:Architectural Style2: 1 Story
  • Annual Expenses: 281.5
  • Income Expenses Net Income: 541.5
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Hardwood, Carpet

Exterior Features

  • Construction Type: Vinyl
  • Foundation Details: Poured

Garage/Parking

  • Keywords:Garage Capacity3: 2 Car
  • Keywords:Garage Type3: Detached
  • 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

Condo/Co-op/Association

  • Association Name: stove

Schools

  • Junior High Dist: Madrid

Lot Info

  • Parcel #: 088226254486007
  • Zoning: Res.

Rental Info

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

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 823.0
  • Property Net Operating Income: 541.5
  • Annual Operating Expense: 281.5

Tax Info

  • Tax Annual Amount: 3583.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2014
Closed on
Mar 31, 2015
Sold by
Brincks Michael J and Brincks Joyce M
Bought by
Kp Rental Llc
Seller's Agent
Donald Lincoln
Larson Agency
Buyer's Agent
Donald Lincoln
Larson Agency
List Price
$165,000
Sold Price
$135,000
Premium/Discount to List
-$30,000
-18.18%
Current Estimated Value
$195,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,389
Avg. Annual Appreciation
3.62%
Original Mortgage
$145,000
Outstanding Balance
$112,546
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$82,843
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
Kp Rental Llc $137,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kp Rental Llc $145,000
Previous Owner Brincks Michael J $25,000
Previous Owner Brincks Michael J $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2015 03/31/15 Sold $135,000 -18.2% $135,000 / Sq Ft
03/01/2015 03/01/15 Pending -- -- --
08/15/2014 08/15/14 For Sale $165,000 -- $165,000 / 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
2024 $3,147 $166,739 $24,624 $142,115
2023 $2,927 $166,739 $24,624 $142,115
2022 $2,922 $132,374 $24,624 $107,750
2021 $2,922 $132,374 $24,624 $107,750
2020 $3,016 $127,261 $21,600 $105,661
2019 $2,910 $127,261 $21,600 $105,661
2018 $2,793 $117,613 $0 $0
2017 $2,788 $96,972 $12,960 $84,012
2016 $2,393 $100,649 $12,960 $87,689
2015 $2,186 $100,649 $0 $0
2014 $2,132 $100,649 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Donald Lincoln

    Larson Agency

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 40816

APN: 088226254486007

Iowa Boone County Madrid 50156

427 Newton Rd, Madrid, IA

This home is located at 427 Newton Rd, Madrid, IA 50156 since 15 August 2014 and is currently estimated at $195,389, approximately $195,389 per square foot. This property was built in 1965. 427 Newton Rd is a home located in Boone County with nearby schools including Madrid Elementary School and Madrid Junior High School.

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