NOT LISTED FOR SALE

501 Court Ave Marengo, IA 52301

Estimated Value: $98,000 - $131,000

3 Beds
1 Bath
1,168 Sq Ft
$97/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $94,500 $81 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $733/month

72 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Formal Dining Room
  • Eat-In Kitchen
  • Hydromassage or Jetted Bathtub
  • 2 Car Detached Garage
  • Patio

About This Home

As of December 2019

This lovely turn-of-the-century bungalow is clean and bright and ready for new owners. This home features much of the original woodwork and charm in combination with some new updates and upgrades. Newer flooring throughout the home, fresh paint, and remodeled bath with jetted tub. Large kitchen with newer appliances, breakfast nook, and desk area. The formal dining room flows into the living room and onto the screened front porch. Spacious master featuring an built-in armoire with his & her closets. The 1/2 story of this home is newly renovated from stairs to flooring and offers a versatile open room perfect as a bedroom, play/game room, or office. Step out the back door to relax on the rock patio or work in the deep 2 car garage with room for parking and storage or working. This property is move-in ready but still has potential for its new owners to add their own touches and improvements. The 1/2 story of this home is newly renovated from stairs to flooring and offers a versatile open room perfect as a bedroom, play/game room, or office.

Last Agent to Sell the Property

Jackie Phillips

NextHome Corridor Listed on: 10/07/2019

Last Buyer's Agent

Jackie Phillips

NextHome Corridor Listed on: 10/07/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,220

Year Built

  • 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60 x 120

Home Design

  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,168 Sq Ft Home
  • 1.5-Story Property
  • Formal Dining Room
  • Basement
  • Block Basement Construction

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom
  • Hydromassage or Jetted Bathtub

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System
  • Electric Water Heater
  • Water Softener is Owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,220

Year Built

1900

Lot Details

0

Listing Details

  • Style: 1.5 Story
  • Acres: 0.1700
  • Above Grade Finished Sq Ft: 1168
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • City Name: Marengo
  • Dining Features: Eat-In Kitchen, Formal Dining
  • Gross Tax: 1220
  • List User Cell Phone: 319-310-0041
  • Miscellaneous: Jetted Tub, Patio
  • Net Tax: 1220
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.90431
  • Ratio Current Price By Sq Ft: 80.91
  • Total Sq Ft: 1168
  • Taxable Value Tv: 58600.00
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Appliances Included: Dishwasher, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Electric, Water Softener - Own
  • Basement: Block
  • Basement: Yes
  • Full Bathrooms: 1
  • Bedrooms Level 1: 2
  • Bedrooms Level 2: 1
  • Level 1 Full Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Room Count: 7

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum

Garage/Parking

  • Garage/Parking: 2 Cars, Detached
  • Garage Size: 20X26

Utilities

  • Heating Cooling: Hot Water Heat, Window/Wall Air

Schools

  • Elementary School: Iowa Valley
  • Middle School: Iowa Valley
  • High School: Iowa Valley

Lot Info

  • Lot Size: 60 X 120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Dec 26, 2019
Sold by
S Kip Harry Re Lc
Bought by
Garretson Todd
Seller's Agent
Jackie Phillips
NextHome Corridor
Buyer's Agent
Jackie Phillips
NextHome Corridor
List Price
$104,500
Sold Price
$94,500
Premium/Discount to List
-$10,000
-9.57%
Current Estimated Value
$113,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,703
Avg. Annual Appreciation
3.18%
Original Mortgage
$9,450
Outstanding Balance
$4,912
Interest Rate
3.6%
Mortgage Type
Stand Alone Second
Estimated Equity
$108,036

Purchase Details

Listed on
Oct 7, 2019
Closed on
Dec 24, 2019
Sold by
Garretson Todd and Garretson Maria Elena
Bought by
Buck Leanna R
Seller's Agent
Jackie Phillips
NextHome Corridor
Buyer's Agent
Jackie Phillips
NextHome Corridor
List Price
$104,500
Sold Price
$94,500
Premium/Discount to List
-$10,000
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,450
Outstanding Balance
$4,912
Interest Rate
3.6%
Mortgage Type
Stand Alone Second
Estimated Equity
$108,036

Purchase Details

Closed on
Sep 28, 2005
Sold by
Carlson Daniel J and Schumacher Susan M
Bought by
Gorsch Carroll W and Gorsch Harold M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
5.83%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Garretson Todd $70,000 None Available
Buck Leanna R $94,500 None Available
Gorsch Carroll W $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garretson Todd $9,450
Open Buck Leanna R $85,050
Previous Owner Gorsch Carroll W $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $94,500 0.0% $81 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
11/04/2019 11/04/19 Price Changed $94,500 -5.0% $81 / Sq Ft
10/25/2019 10/25/19 Price Changed $99,500 -4.8% $85 / Sq Ft
10/07/2019 10/07/19 For Sale $104,500 -- $89 / Sq Ft
Source: Cedar Rapids 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
2024 $1,407 $83,240 $16,530 $66,710
2023 $1,425 $83,240 $16,530 $66,710
2022 $1,215 $71,830 $13,680 $58,150
2021 $1,154 $71,830 $13,680 $58,150
2020 $958 $63,730 $12,540 $51,190
2019 $1,271 $58,600 $12,540 $46,060
2018 $1,171 $56,010 $11,400 $44,610
2017 $1,143 $56,010 $11,400 $44,610
2016 $1,094 $55,000 $11,400 $43,600
2015 -- $55,000 $11,400 $43,600
2014 -- $55,370 $11,400 $43,970
Source: Public Records

Agents Affiliated with this Home

  • Jackie Phillips

    Seller's Agent in 2019

    Jackie Phillips

    NextHome Corridor

    (319) 310-0041

    9 in this area

    146 Total Sales

    Jackie Phillips
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1907478

Cedar Rapids Area Association of REALTORS®

APN: 73-06-1009-2

Iowa Iowa County Marengo 52301

501 Court Ave, Marengo, IA

This home is located at 501 Court Ave, Marengo, IA 52301 since 07 October 2019 and is currently estimated at $113,203, approximately $96 per square foot. This property was built in 1900. 501 Court Ave is a home located in Iowa County with nearby schools including Iowa Valley Elementary School and Iowa Valley 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.

Cedar Rapids Area Association 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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