NOT LISTED FOR SALE

501 S Jefferson Way Indianola, IA 50125

Estimated Value: $166,000 - $212,000

-- Bed
3 Baths
1,823 Sq Ft
$105/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $122,500 $67 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,307/month

132 Days on Market

Highlights

  • 2 Kitchens
  • No HOA
  • Storage
  • Ranch Style House
  • Laundry Room
  • 2-minute walk to Barker Park

About This Home

As of December 2022

This is a great two-unit investment property WITH current tenants! There are large storage areas that are a part of the property AND potential for more space in the basement! Come and take a look!

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 06/30/2022

Last Buyer's Agent

Shane Kennedy

LPT Realty, LLC

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 9,757 Sq Ft Lot
  • Lot Dimensions are 130x75

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Stucco

Interior Spaces

  • 1,823 Sq Ft Home
  • Storage
  • Laundry Room
  • Finished Basement

Kitchen

  • 2 Kitchens
  • Stove

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 48670000012

Community Details

Overview

  • No Home Owners Association

Building Details

  • Operating Expense $123
  • Gross Income $1,575

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Ranch
  • Lp Amt Sq Ft: 71.31
  • Sp Amt Sq Ft: 67.20
  • Termite: Follow Showing Instructions
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 2
  • Basement Description: Finished, Unfinished
  • Sq Ft Bsmt: 821
  • Sq Ft Fin Bsmt: 400
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1823
  • Total Sq Ft: 1823

Exterior Features

  • Exterior: Frame, Stucco
  • Foundation: Brick, Concrete Block, Tile
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: 1

Garage/Parking

  • Garage: 2 Attached
  • Off Street Parking: 4-5

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Hot Water
  • Separate Meters: y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Fee Information

  • Total Expense: 123

Schools

  • School District: Indianola

Lot Info

  • Acres: 0.2240
  • Lot S F: 9757
  • Lot Size: 130X75
  • Assessor Parcel Number: 48670000012
  • Zoning: R

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Water Landlord

Tax Info

  • Gross Taxes: 3136.00
  • Net Taxes: 3136.00

MLS Schools

  • School District: Indianola

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Dec 15, 2022
Sold by
D & D Construction Of Iowa Inc
Bought by
Schrock Solutions Llc
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Shane Kennedy
LPT Realty, LLC
List Price
$130,000
Sold Price
$122,500
Premium/Discount to List
-$7,500
-5.77%
Views
106
Current Estimated Value
$191,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,662
Avg. Annual Appreciation
18.36%

Purchase Details

Closed on
Nov 1, 2017
Sold by
Simpson Cynthia J and Simpson Charles M
Bought by
D & D Construction Of Iowa Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End 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
Schrock Solutions Llc $122,500 --
D & D Construction Of Iowa Inc $40,000 None Available
D & D Construction Of Iowa Inc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner D & D Construction Of Iowa Inc $767,100
Previous Owner D & D Construction Of Iowa Inc $114,400
Previous Owner Ragan Cynthia J $21,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $122,500 -5.8% $67 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $130,000 0.0% $71 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $130,000 0.0% $71 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $130,000 -- $71 / 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
2024 $3,008 $167,800 $31,900 $135,900
2023 $3,180 $167,800 $31,900 $135,900
2022 $3,148 $149,300 $31,900 $117,400
2021 $3,136 $149,300 $31,900 $117,400
2020 $3,136 $140,500 $31,900 $108,600
2019 $2,910 $140,500 $31,900 $108,600
2018 $2,594 $0 $0 $0
2017 $2,442 $128,600 $0 $0
2016 $2,382 $118,600 $0 $0
2015 $2,382 $118,600 $0 $0
2014 $2,378 $118,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pennie Carroll

    Seller's Agent in 2022

    Pennie Carroll

    Pennie Carroll & Associates

    (515) 490-8025

    7 in this area

    1,271 Total Sales

    Section Image
  • Shane Kennedy

    Buyer's Agent in 2022

    Shane Kennedy

    LPT Realty, LLC

    (515) 250-3464

    2 in this area

    37 Total Sales

    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 654893

Des Moines Area Association of REALTORS®

APN: 48670000012

Iowa Warren County Indianola 50125

501 S Jefferson Way, Indianola, IA

This home is located at 501 S Jefferson Way, Indianola, IA 50125 since 30 June 2022 and is currently estimated at $191,162, approximately $104 per square foot. This property was built in 1910. 501 S Jefferson Way is a home located in Warren County with nearby schools including Indianola 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.

Des Moines 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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