501 N 2nd Ave W Newton, IA 50208
--
Bed
3
Baths
2,048
Sq Ft
0.32
Acres
About This Home
As of December 2024Great opportunity for rental property and to renovate the upstairs larger unit! Live in the larger one and rent out the others. Pay for your mortgage! Two units that are rented have been remodeled. Upstairs has been started, just needs the finishing touches. Each unit has a mini split for heat and air.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,600
Year Built
- Built in 1900
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 106x132
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3 Bathrooms
- 2,048 Sq Ft Home
- 2-Story Property
Kitchen
- 2 Kitchens
- Stove
- Microwave
Laundry
- Dryer
- Washer
Basement
- Partial Basement
- Crawl Space
Parking
- 2 Car Detached Garage
- Gravel Driveway
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 0833228013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
Dec 31, 2024
Sold by
Second Wind Rentals Llc
Bought by
Dittmer Jeremy and Dittmer Jacquelyn
Seller's Agent
Caren Clevenger
Iowa Realty Newton
Buyer's Agent
Jeremy Dittmer
Iowa Realty Newton
List Price
$225,000
Sold Price
$185,000
Premium/Discount to List
-$40,000
-17.78%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,003
Avg. Annual Appreciation
7.02%
Original Mortgage
$186,442
Outstanding Balance
$185,961
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
$6,202
Purchase Details
Listed on
Aug 2, 2024
Closed on
Dec 30, 2024
Sold by
Comstock Growth Llc
Bought by
Second Wind Rentals Llc
Seller's Agent
Caren Clevenger
Iowa Realty Newton
Buyer's Agent
Jeremy Dittmer
Iowa Realty Newton
List Price
$225,000
Sold Price
$185,000
Premium/Discount to List
-$40,000
-17.78%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,442
Outstanding Balance
$185,961
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
$6,202
Similar Home in Newton, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | None Listed On Document | |
| Warranty Deed | $185,000 | None Listed On Document | |
| Warranty Deed | $112,500 | None Listed On Document | |
| Warranty Deed | $112,500 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $186,442 | Credit Line Revolving | |
| Closed | $186,442 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $185,000 | -17.8% | $90 / Sq Ft |
| 12/02/2024 12/02/24 | Pending | -- | -- | -- |
| 08/02/2024 08/02/24 | For Sale | $225,000 | +800.0% | $110 / Sq Ft |
| 03/20/2018 03/20/18 | Sold | $25,000 | -49.0% | $13 / Sq Ft |
| 03/14/2018 03/14/18 | Pending | -- | -- | -- |
| 11/10/2017 11/10/17 | For Sale | $49,000 | -- | $25 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $1,548 | $82,160 | $29,150 | $53,010 |
| 2023 | $1,548 | $82,160 | $29,150 | $53,010 |
| 2022 | $2,030 | $72,080 | $29,150 | $42,930 |
| 2021 | $1,880 | $77,440 | $31,800 | $45,640 |
| 2020 | $1,880 | $67,000 | $27,810 | $39,190 |
| 2019 | $1,578 | $0 | $0 | $0 |
| 2018 | $1,578 | $0 | $0 | $0 |
| 2017 | $1,578 | $0 | $0 | $0 |
| 2016 | $1,578 | $0 | $0 | $0 |
| 2015 | $1,540 | $0 | $0 | $0 |
| 2014 | $1,946 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2024
Caren Clevenger
Iowa Realty Newton
-
H
Seller Co-Listing Agent in 2024
Heather Engbers
Iowa Realty Newton
-
J
Buyer's Agent in 2024
Jeremy Dittmer
Iowa Realty Newton
-
T
Seller's Agent in 2018
Tricia Maher
RE/MAX
-
J
Buyer's Agent in 2018
Julie Rose
RE/MAX
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 700355
APN: 08-33-228-013
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