NOT LISTED FOR SALE

500 N Court St Fairfield, IA 52556

Estimated Value: $178,000 - $203,000

6 Beds
4 Baths
3,015 Sq Ft
$63/Sq Ft Est. Value

Last Sold January 11, 2021

Last sale price $134,000 $44 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,287/month

359 Days on Market

About This Home

As of January 2021

Be sure to check out this four-plex with good rental history. Recent updates within the last 5 years include a new roof & paint. Was converted to condominiums so each unit can be sold individually.

Last Agent to Sell the Property

Tammy Dunbar

Fairfield Real Estate Listed on: 01/15/2020

Fairfield Real Estate

Co-Listed By

Karen Hewitt

LIV Real Estate & Property Management

Last Buyer's Agent

Vanessa Wymer

Miller Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,102

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 66x93

Home Design

  • 3,015 Sq Ft Home
  • Quadruplex
  • Asphalt Shingled Roof
  • Metal Siding

Bedrooms and Bathrooms

  • 6 Bedrooms

Additional Features

  • Finished Basement

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,500
  • Gross Income $26,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,102

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: HENN WILLIAMS LT 4 BLK 15 (EX W 39')
  • Municipality: Fairfield
  • Year Built: 1900
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 500 N Court Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2020-01-20
  • List Office I D: 708
  • Sales Office I D: 864
  • Selling Agent: 4428
  • Share Listings With: Broker Reciprocity, CoreLogic Listing License, Homes.com, Realtor.com, RPR Listing License
  • Street Designation: Street
  • Building Style: Quadruplex
  • Unit 1 Air Conditioning: Wall
  • Unit 1 Appliances: Range, Refrigerator, Washer, Dryer
  • Unit 1 Annual Rent: 9540
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Month Rent: 795
  • Unit 1 Number of Units: 1
  • Unit 1 Rooms Total: 5
  • Unit 2 Air Conditioning: Window
  • Unit 2 Appliances: Range, Refrigerator
  • Unit 2 Annual Rent: 7140
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Month Rent: 595
  • Unit 2 Number of Units: 1
  • Unit 2 Rooms Total: 5
  • Unit 3 Air Conditioning: Wall
  • Unit 3 Appliances: Range, Refrigerator
  • Unit 3 Annual Rent: 5940
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Total Bathrooms: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Month Rent: 495
  • Unit 3 Number of Units: 1
  • Unit 3 Rooms Total: 4
  • Unit 4 Annual Rent: 4200
  • Unit 4 Three Quarter Bathrooms: 1
  • Unit 4 Total Bathrooms: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Month Rent: 350
  • Unit 4 Number of Units: 1
  • Unit 4 Rooms Total: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4
  • Basement: Finished (Livable)
  • Price Per S Q F T: 44.44
  • Above Grade Finished Sq Ft: 3015
  • Below Grade Finished Sq Ft: 1156
  • Below Grade Total Sq Ft: 1156
  • 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
  • Three Quarter Bathrooms: 1

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Metal
  • Foundation Size: 1156
  • Road Frontage: City Street
  • Roof: Asphalt Shingles

Garage/Parking

  • Fuel: Natural Gas, Electric

Utilities

  • Heating: Other
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Association/Amenities

  • Complex/Development/Subdivision: Henn-Williams & Cos

Fee Information

  • Expense Caretaker: 1200
  • Annual Expense: 2936
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Unknown
  • School District Number: 999
  • School District Phone: 999-999-9999

Lot Info

  • Acres: 0.14
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 66x93
  • Lot Size Sq Ft: 6098.4
  • Lot Size Units: Acres
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: Yes
  • Rental License Type: Standard

Multi Family

  • Expense Insurance: 1500
  • Total Units: 4
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Tax With Assessments: 3102
  • Tax Year: 2019
  • Gross Taxes: 3102

MLS Schools

  • School District: 999 - Unknown
  • School District Name: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2023
Sold by
Kool Properties Llc
Bought by
Ba Rental Properties Llc
Current Estimated Value
$188,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,855
Outstanding Balance
$164,217
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$20,492

Purchase Details

Listed on
Jan 15, 2020
Closed on
Jan 7, 2021
Sold by
Volponi Francesco
Bought by
Kool Properties Llc
Seller's Agent
Tammy Dunbar
Fairfield Real Estate
Buyer's Agent
Vanessa Wymer
Miller Realty
List Price
$149,000
Sold Price
$134,000
Premium/Discount to List
-$15,000
-10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%

Purchase Details

Closed on
Jan 16, 2018
Sold by
Source Management Llc
Bought by
Volponi Francesco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,663
Interest Rate
3.93%
Mortgage Type
FHA
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
Ba Rental Properties Llc $168,000 None Listed On Document
Kool Properties Llc $134,000 None Available
Volponi Francesco $128,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ba Rental Properties Llc $167,855
Previous Owner Kool Properties Llc $250,000
Previous Owner Volponi Francesco $126,663
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2021 01/11/21 Sold $134,000 -10.1% $44 / Sq Ft
07/17/2020 07/17/20 For Sale $149,000 +11.2% $49 / Sq Ft
07/16/2020 07/16/20 Off Market $134,000 -- --
01/15/2020 01/15/20 For Sale $149,000 -- $49 / 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 $3,392 $175,700 $13,100 $162,600
2023 $3,720 $175,700 $13,100 $162,600
2022 $4,286 $179,600 $17,700 $161,900
2021 $4,286 $133,000 $13,100 $119,900
2020 $3,102 $121,100 $13,100 $108,000
2019 $2,936 $105,000 $0 $0
2018 $3,222 $105,000 $0 $0
2017 $3,222 $126,400 $0 $0
2016 $4,308 $126,400 $0 $0
2015 $3,248 $88,900 $0 $0
2014 $3,248 $88,900 $0 $0
2013 $3,518 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5432186

NoCoast MLS

APN: 06-25-181-001