NOT LISTED FOR SALE

502 Broadway St Springville, IA 52336

Estimated Value: $199,000 - $270,000

3 Beds
2 Baths
1,834 Sq Ft
$124/Sq Ft Est. Value

Last Sold December 14, 2023

Last sale price $191,750 $105 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,497/month

18 Days on Market

Highlights

  • Separate Formal Living Room
  • Den
  • Porch
  • Bonus Room
  • Formal Dining Room
  • 1-minute walk to Cox Lake

About This Home

As of December 2023

Classic two-story on lovely corner lot! Walking distance to schools, parks, places of worship, library, restaurants, banks, and more! Lots of sweat equity in this big, charming home with many period details. Spacious rooms. Updated kitchen. Bonus room on 2nd floor would be perfect for a home office, playroom or other use---lots of natural light. Both full bathrooms have been updated in last few years. Spacious dining room. 2-stall detached garage (insulated and heated) plus cozy backyard with patio. Garage attic access with solid floor. Short drive to major employers. Full service grocery less than 15 minutes in various directions. First time on the market since 2012. Small town living is the best!

Last Agent to Sell the Property

Lena Gilbert

Skogman Realty Corridor Listed on: 10/20/2023

Skogman Realty Corridor

Last Buyer's Agent

Doris Ackerman

Keller Williams Advantage

Keller Williams Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,136

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60x120

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,834 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Dryer

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Unfinished Basement

  • Partial Basement
  • Laundry in Basement

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near schools

Schools

  • Springville Elementary And Middle School
  • Springville High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Internet Available
  • Cable TV Available

Community Details

  • Brown Township Subdivision

Listing and Financial Details

  • Assessor Parcel Number 092822800500000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,136

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1834
  • Owner Name L F Mi: Merfeld
  • Ownership Type: Single Family
  • Photo Code: Broker Loaded
  • Remarks: Priced according to condition. Kitchen ceiling has damage from a PRIOR plumbing leak; seller repaired the leak but not the ceiling. 2nd floor bonus room has exposed ceiling insulation.
  • Year Built: 1925
  • Tax Year Report: 2022
  • Subdivision: Brown Township
  • Directions: Hwy 151 to Springville. North on Broadway. House at corner of Broadway and 5th Ave. Parking on 5th Avenue.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Close to School
  • Basement Remarks: Partial, Unfinished
  • Fireplace Type Location: None
  • Interior R: Cable Available
  • Kitchen Breakfast R: Breakfast Bar
  • Lot Description R: Less than .5 Acre
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: Classic two-story on lovely corner lot! Walking distance to schools, parks, places of worship, library, restaurants, banks, and more! Lots of sweat equity in this big, charming home with many period details. Spacious rooms. Updated kitchen. Bonus room on 2nd floor would be perfect for a home office, playroom or other use---lots of natural light. Both full bathrooms have been updated in last few years. Spacious dining room. 2-stall detached garage (insulated and heated) plus cozy backyard with patio. Garage attic access with solid floor. Short drive to major employers. Full service grocery less than 15 minutes in various directions. First time on the market since 2012. Small town living is the best!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Dryer
  • Number Bedrooms Upper: 3
  • Sq Ft Above: 1834
  • Total Full Baths: 2
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Basement
  • Mstr Br Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Patio, Porch

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Gas, Forced Air

Schools

  • Elementary School: Springville
  • Middle School: Springville
  • High School: Springville
  • High School: Springville
  • Jr Middle School: Springville
  • Elementary School: Springville

Lot Info

  • Acreage: 0.16
  • Geo Subdivision: IA
  • Lot Dimensions: 60x120
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 3308
  • Assessor Parcel Number: 092822800500000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Dec 10, 2023
Sold by
Merfeld Russell J and Merfeld Kara Anne
Bought by
Lahr Aaron and Hargrafen Jenaya
Seller's Agent
Lena Gilbert
Skogman Realty Corridor
Buyer's Agent
Doris Ackerman
Keller Williams Advantage
List Price
$205,000
Sold Price
$191,750
Premium/Discount to List
-$13,250
-6.46%
Views
33
Current Estimated Value
$225,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,976
Avg. Annual Appreciation
6.01%
Original Mortgage
$153,400
Outstanding Balance
$151,491
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$59,627

Purchase Details

Closed on
Apr 23, 2012
Sold by
Federal National Mortgage Association
Bought by
Merfeld Russell J

Purchase Details

Closed on
Jan 12, 2012
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 3, 2012
Sold by
Delong Trudy L
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
Aug 1, 2002
Sold by
Schlatter Duane E and Schlatter Wanda A
Bought by
Delong Trudy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
6.7%
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
Lahr Aaron $192,000 None Listed On Document
Merfeld Russell J -- None Available
Federal National Mortgage Association -- None Available
Bac Home Loans Servicing Lp $117,324 None Available
Delong Trudy L $109,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lahr Aaron $153,400
Previous Owner Merfeld Russell J $122,350
Previous Owner Merfeld Russel J $65,000
Previous Owner Delong Trudy L $104,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Sold $191,750 -6.5% $105 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $205,000 -- $112 / Sq Ft
Source: Iowa City 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
2023 $3,136 $185,100 $15,000 $170,100
2022 $3,112 $169,500 $15,000 $154,500
2021 $2,864 $169,500 $15,000 $154,500
2020 $2,864 $148,500 $15,000 $133,500
2019 $2,768 $138,400 $15,000 $123,400
2018 $2,426 $138,400 $15,000 $123,400
2017 $2,446 $122,900 $15,000 $107,900
2016 $2,566 $122,900 $15,000 $107,900
2015 $2,393 $122,900 $15,000 $107,900
2014 $2,208 $122,900 $15,000 $107,900
2013 $2,114 $122,900 $15,000 $107,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202305511

Iowa City Area Association of REALTORS®

APN: 09282-28005-00000