NOT LISTED FOR SALE

501 E Erie St Missouri Valley, IA 51555

Estimated Value: $134,322

-- Bed
-- Bath
-- Sq Ft
2,500 Sq Ft Lot

Last Sold December 28, 2018

Last sale price $85,000

Est. 58% increase in value since last sale

Current estimated payment $945/month

30 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-minute walk to Wilson Island State Recreation Area
  • 2 Car Detached Garage
  • Hot Water Heating System

About This Home

As of December 2018

Commercial building located downtown Missouri Valley, Main level is split with two office areas. Front side currently leased, back office is vacant. Upstairs there are two apartments, each are 2 bedroom, 1 bath apartments. Both apartments are vacant at the present time. There is an elevator that goes to the apartments. A 20'x22' concrete block garage goes with the property.. Great rental income potential.

Last Agent to Sell the Property

Rodney Foutch

United Country Loess Hills Rea License #20030768 Listed on: 10/18/2018

Last Buyer's Agent

Rodney Foutch

United Country Loess Hills Rea License #20030768 Listed on: 10/18/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25 x 100

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Foundation

Schools

  • Missouri Valley Elementary And Middle School
  • Missouri Valley High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Hot Water Heating System

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 600002422200000, 600002422100000

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Parcel Number: 600002422200000, 600002422100000
  • Property Sub Type: Multi Family
  • Year Built: 1890
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0574
  • Lot Size: 25 x 100
  • Ownership: Fee Simple
  • Directions: NE corner of Erie and 5th street, Missouri Valley, Iowa
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Brick/Mortar
  • Fencing: None
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Heating: Gas, Forced Air, Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Missouri Valley
  • Elementary School: Missouri Valley
  • Junior High Dist: Other
  • Middle Or Junior School: Missouri Valley

Lot Info

  • Lot Features: Up to 1/4 Acre.
  • Lot Size Sq Ft: 2500
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2473

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2018
Closed on
Dec 26, 2018
Sold by
Riggs Marjorie E Est
Bought by
Jam Property Inv Llc
Seller's Agent
Rodney Foutch
United Country Loess Hills Rea
Buyer's Agent
Rodney Foutch
United Country Loess Hills Rea
List Price
$125,000
Sold Price
$85,000
Premium/Discount to List
-$40,000
-32%
Current Estimated Value
$134,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,322
Avg. Annual Appreciation
6.98%
Original Mortgage
$90,250
Outstanding Balance
$79,140
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$54,157
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
Jam Property Inv Llc $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jam Property Inv Llc $90,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $85,000 -32.0% --
11/16/2018 11/16/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $125,000 -- --
Source: Great Plains Regional 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 $2,550 $154,320 $6,600 $147,720
2023 $5 $154,320 $6,600 $147,720
2022 $1,683 $100,718 $6,600 $94,118
2021 $1,683 $78,960 $6,600 $72,360
2020 $1,831 $78,960 $6,600 $72,360
2019 $1,380 $78,960 $6,600 $72,360
2018 $1,339 $66,192 $0 $0
2017 $1,334 $50,507 $0 $0
2016 $1,581 $66,192 $0 $0
2015 $1,640 $52,284 $0 $0
2014 $1,860 $52,284 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 21819141

Great Plains Regional MLS

APN: 600002422200000