NOT LISTED FOR SALE

501 8th St NE Unit 503 Independence, IA 50644

Estimated Value: $87,000 - $317,000

2 Beds
1 Bath
982 Sq Ft
$223/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $189,500 $193 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,598/month

13 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • Ceiling Fan
  • Covered Deck
  • Forced Air Heating and Cooling System
  • Garage

About This Home

As of April 2021

Live in one side while enjoying extra income from the other side of this custom duplex offering efficient design and comfort. Built by Gissel Construction in 2008-2009 with 9-foot ceilings, solid doors, high quality cabinets and trim. Each unit consists of 982 square feet with 2 bedrooms, full bath, half bath with laundry, open living/kitchen area with breakfast bar and sliding glass door leading to a covered rear deck perfect for grilling and enjoying nice weather. Each unit also has a basement for all your storage needs with entry in the garage. Each unit rents for $800/month with tenants paying own utilities and handling snow removal and lawn care.

Last Agent to Sell the Property

Chery O'Conner

RE/MAX Independence Realty Brokerage Phone: 319-334-0200 License #B33931000 Listed on: 02/22/2021

RE/MAX Independence Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 10,230 Sq Ft Lot
  • Lot Dimensions are 66' x 155'
  • Corner Lot

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Laundry on main level

Parking

  • Garage
  • 2 Open Parking Spaces

Outdoor Features

  • Covered Deck

Schools

  • Independence Elementary And Middle School
  • Independence High School

Utilities

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

Community Details

  • 2 Units
  • Gross Income $1,600

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, lawn care, snow removal, trash collection, water
  • Assessor Parcel Number 0634430001

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Parcel Number: 0634430001
  • Year Built: 2008
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor
  • ResoLotFeatures: Corner Lot
  • Lot Size Acres: 0.235
  • Road Frontage Type: Hard Surface Road
  • Attribution Contact: CELL: 319-334-0200
  • Co List Office Phone: 319-334-5703
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 982
  • Architectural Style: One Story, Duplex
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Floor Drain
  • Below Grade Sq Ft: 982

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Sidewalk, Covered Deck
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 2
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Separate Meters, Water - Multiple Meters
  • Water Source: City

Schools

  • Elementary School: Independence
  • High School: Independence
  • Middle Or Junior School: Independence

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 66' x 155'
  • Lot Size Sq Ft: 10230

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Lawn Care, Snow Removal, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 1600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5088

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Apr 19, 2021
Sold by
G & G Rental & Storage Llc
Bought by
Kuboushek Landers J
Seller's Agent
Chery O'Conner
RE/MAX Independence Realty
List Price
$209,000
Sold Price
$189,500
Premium/Discount to List
-$19,500
-9.33%
Current Estimated Value
$213,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,035
Avg. Annual Appreciation
3.38%
Original Mortgage
$151,600
Outstanding Balance
$138,741
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$79,844
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
Kuboushek Landers J $189,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuboushek Landers J $151,600
Closed Kuboushek Landers J $9,475
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $189,500 -9.3% $193 / Sq Ft
03/07/2021 03/07/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $209,000 -- $213 / Sq Ft
Source: Northeast Iowa Regional 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 $5,012 $257,820 $14,820 $243,000
2023 $5,012 $257,820 $14,820 $243,000
2022 $4,444 $211,160 $11,760 $199,400
2021 $5,128 $211,160 $11,760 $199,400
2020 $5,128 $225,550 $10,690 $214,860
2019 $4,978 $225,550 $10,690 $214,860
2018 $4,774 $216,210 $10,690 $205,520
2017 $4,618 $216,210 $10,690 $205,520
2016 $4,548 $206,340 $6,370 $199,970
2015 $4,548 $206,340 $6,370 $199,970
2014 $4,638 $206,340 $6,370 $199,970
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chery O'Conner

    RE/MAX

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20210616

Northeast Iowa Regional Board of REALTORS®

APN: 06.34.430.001

Iowa Buchanan County Independence 50644

501 8th St NE Unit 503, Independence, IA

This home is located at 501 8th St NE Unit 503, Independence, IA 50644 since 22 February 2021 and is currently estimated at $218,585, approximately $222 per square foot. This property was built in 2008. 501 8th St NE Unit 503 is a home located in Buchanan County with nearby schools including West Elementary School, East Elementary School, and Independence Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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