$107,500
SOLD JUL 23, 2025

502 E 10th St Spencer, IA 51301

4 Beds
1.5 Baths
1,329 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$81 Per Sq Ft

3% Above List Price

29 Days on Market

Highlights

  • Deck
  • 3 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Spencer Middle School Rated 9+
  • Porch
  • Patio

About This Home

As of July 2025

INVESTMENT OPPORTUNITY – Corner Lot with Great Potential! Located on a prime corner lot, this 4-bedroom, 1.25-bath home offers strong investment potential with valuable updates already completed. Whether you're looking to expand your rental portfolio or renovate for resale, this property is packed with upside. Key Features: Four bedrooms provide ample space and rental flexibility Three garage stalls – a rare and desirable bonus for tenants or owners, New sewer line from house to street (2021), New front and back decks for added curb appeal and outdoor enjoyment. New hot water heater for added efficiency and reliability. With a solid location and major updates already in place, this is one to check out before it’s gone!

Last Agent to Sell the Property

Katie Muhlbauer

Integrity Real Estate License #S65172 Listed on: 05/05/2025

Last Buyer's Agent

Justin McCarty

My Real Estate Company License #S72590

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $970

Year Built

  • Built in 1910

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 50 x 142

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Home Design

  • Asphalt Roof
  • Aluminum Siding
  • Stick Built Home

Interior Spaces

  • 1,329 Sq Ft Home
  • 1.5-Story Property
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 9636-07-407-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$970

Year Built

Built in 1910

Lot Details

7,100 Sq Ft Lot

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Attached: No
  • Type: Single Family Residence
  • Year Built: 1910
  • Levels: One and One Half
  • Other Structures: Additional Garage
  • Stories: 1.5
  • Architectural Style: 1.5 STORY
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Garage Door Opener
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Bathroom Description: Main Floor Full Bath
  • Full Bathrooms: 1
  • One Quarter Bathrooms: 1
  • Basement Material: Concrete Block
  • Basement Style: None
  • Appliances: Range/Stove, Refrigerator
  • Price Per S Q F T: 80.89
  • Total Sq Ft: 2188
  • Above Grade Finished: 1329
  • Fireplace: No
  • Finished Sq Ft: 1329
  • Basement Features: Unfinished

Exterior Features

  • Construction: Stick Built
  • Construction Materials: Aluminum Siding
  • Exterior Features: Deck, Patio, Porch
  • Flood Zone: No
  • Road Frontage Type: City Street, Sidewalks
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Type: Detached
  • Garage Size: 24 x 24
  • Garage Spaces: 3

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public/City
  • Electric: Breakers

Lot Info

  • Parcel Number: 9636-07-407-001
  • Estimated Acres: 0.16
  • Estimated Lot Dimensions: 50 x 142
  • Lot Sq Ft: 7100

Rental Info

  • Furnished: No

Tax Info

  • Tax Amount: 970
  • Tax Classification: Homestead
  • Tax Year: 2023

MLS Schools

  • School District: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
Jul 22, 2025
Sold by
Drake Norma E
Bought by
Hicks Joshua A
Seller's Agent
Katie Muhlbauer
Integrity Real Estate
Buyer's Agent
Justin McCarty
My Real Estate Company
List Price
$104,500
Sold Price
$107,500
Premium/Discount to List
$3,000
2.87%
Views
75
Current Estimated Value
$111,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,176
Avg. Annual Appreciation
7.76%
Original Mortgage
$5,375
Outstanding Balance
$4,372
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$108,732
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $107,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,375 New Conventional
Open $104,275 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2025 07/23/25 Sold $107,500 +2.9% $81 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $104,500 -- $79 / Sq Ft
Source: Iowa Great Lakes Board of REALTORS®

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
2025 $904 $100,940 $20,000 $80,940
2024 $904 $88,860 $14,000 $74,860
2023 $1,120 $88,860 $14,000 $74,860
2022 $1,004 $75,870 $14,000 $61,870
2021 $1,072 $68,560 $14,000 $54,560
2020 $1,072 $68,810 $12,500 $56,310
2019 $1,012 $66,890 $0 $0
2018 $990 $66,890 $0 $0
2017 $1,028 $66,120 $0 $0
2016 $1,014 $66,120 $0 $0
2015 $1,010 $65,900 $0 $0
2014 $1,010 $65,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 250490

Iowa Great Lakes Board of REALTORS®

APN: 9636-07-407-001

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