NOT LISTED FOR SALE

501 9th St SE Altoona, IA 50009

Estimated Value: $278,000 - $316,000

-- Bed
2 Baths
1,554 Sq Ft
$192/Sq Ft Est. Value

Last Sold May 02, 2024

Last sale price $285,000 $183 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,975/month

24 Days on Market

Highlights

  • 2 Kitchens
  • Shades
  • Forced Air Heating and Cooling System
  • No HOA
  • Laundry Room

About This Home

As of May 2024

Welcome to this great investment opportunity in the heart of Altoona! Located across the street from Centennial Elementary School. This brick ranch duplex features 2 BR/1 BA on each side, full kitchen, family room and separate laundry in the lower level, both units have basement finish too! Current rental certificate through 2/2025. Call and schedule a showing today! Tenants are responsible for their utilities + lawn care/snow removal. 501 is vacant until 3/1/24 w/ new lease into effect until 2/28/25. 503 is tenant occupied with lease through 6/2024.

Last Agent to Sell the Property

Ashley Carter

RE/MAX Real Estate Center Listed on: 02/18/2024

RE/MAX Real Estate Center

Last Buyer's Agent

Joseph Bergman

LPT Realty, LLC

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,011

Year Built

  • Built in 1977

Lot Details

  • 10,250 Sq Ft Lot
  • Lot Dimensions are 82x125

Parking

  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,554 Sq Ft Home
  • Shades
  • Laminate Flooring
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • 2 Kitchens
  • Stove
  • Microwave
  • Dishwasher

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 17100175503000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,011

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 180.18
  • Sp Amt Sq Ft: 183.40
  • Termite: Follow Showing Instructions
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 2
  • Disposals: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Laminate Floors, Shades/Shutters, Smoke Detector
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Partial Finished
  • Kitchens: 2
  • Laundry: Yes
  • Included Items: Dishwasher, Microwave, Refrigerator, Stove
  • Living Area Sq Ft: 1554
  • Total Sq Ft: 1554

Exterior Features

  • Exterior: Brick
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Oak

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2350
  • Lot S F: 10250
  • Lot Size: 82X125
  • Assessor Parcel Number: 17100175503000
  • Zoning: Res

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 5010.71
  • Net Taxes: 5010.71

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Southeast Polk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2024
Closed on
Apr 30, 2024
Sold by
Perfectfit Real Estate Holdings Llc
Bought by
Nelsen Mitchell D
Seller's Agent
Ashley Carter
RE/MAX Real Estate Center
Buyer's Agent
Joseph Bergman
LPT Realty, LLC
List Price
$292,000
Sold Price
$285,000
Premium/Discount to List
-$7,000
-2.4%
Views
33
Current Estimated Value
$297,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,807
Avg. Annual Appreciation
2.99%
Original Mortgage
$270,750
Outstanding Balance
$266,635
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$31,172

Purchase Details

Listed on
Jan 11, 2018
Closed on
Apr 2, 2018
Sold by
Perfectfit Real Estate Solutions Llc
Bought by
Perfectfit Real Estate Holdings Llc
Seller's Agent
Kristen Severs
Keller Williams Realty GDM
Buyer's Agent
Tasha Garlick
RE/MAX Concepts
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%
Original Mortgage
$377,200
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 11, 2018
Closed on
Feb 8, 2018
Sold by
Morris Troy and Morris Lea
Bought by
Perfectfit Real Estate Solutions Llc
Seller's Agent
Kristen Severs
Keller Williams Realty GDM
Buyer's Agent
Tasha Garlick
RE/MAX Concepts
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,200
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2006
Sold by
Smith Kimberly and Smith Jason D
Bought by
Morris Troy and Morris Lea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,375
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage
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
Nelsen Mitchell D $285,000 None Listed On Document
Nelsen Mitchell D $285,000 None Listed On Document
Perfectfit Real Estate Holdings Llc -- None Available
Perfectfit Real Estate Solutions Llc $245,000 None Available
Morris Troy $152,000 Itc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelsen Mitchell D $270,750
Closed Nelsen Mitchell D $270,750
Previous Owner Perfectfit Real Estate Solutions Llc $377,200
Previous Owner Morris Troy $114,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2024 05/02/24 Sold $285,000 +1.8% $183 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/11/2024 03/11/24 Price Changed $280,000 -4.1% $180 / Sq Ft
02/18/2024 02/18/24 For Sale $292,000 +19.2% $188 / Sq Ft
02/12/2018 02/12/18 Sold $245,000 0.0% $158 / Sq Ft View Prior Sale
02/09/2018 02/09/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $245,000 -- $158 / Sq Ft
Source: Des Moines Area 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
2025 $4,988 $311,700 $57,600 $254,100
2024 $4,988 $289,600 $52,600 $237,000
2023 $4,708 $289,600 $52,600 $237,000
2022 $4,648 $230,700 $44,100 $186,600
2021 $4,438 $230,700 $44,100 $186,600
2020 $4,366 $209,600 $40,500 $169,100
2019 $3,768 $209,600 $40,500 $169,100
2018 $3,774 $177,600 $35,200 $142,400
2017 $3,856 $177,600 $35,200 $142,400
2016 $3,848 $164,400 $32,400 $132,000
2015 $3,848 $164,400 $32,400 $132,000
2014 $3,872 $163,700 $31,800 $131,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 689507

Des Moines Area Association of REALTORS®

APN: 171-00175503000