NOT LISTED FOR SALE

502 E Main St Marshalltown, IA 50158

Estimated Value: $94,000 - $105,000

5 Beds
7 Baths
2,492 Sq Ft
$41/Sq Ft Est. Value

Last Sold December 14, 2020

Last sale price $79,900 $32 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $685/month

95 Days on Market

About This Home

As of December 2020

INVESTMENT OPPORTUNITY AT YOUR DOOR!!! Come check out this 4 Plex today! This building is currently fully rented with 4 apartments and its ready to start making you money today. Don't let it pass by, call today!

Last Agent to Sell the Property

Chris Brodin

Premier Real Estate Listed on: 06/15/2020

Co-Listed By

Matthew Brodin

Premier Real Estate

Last Buyer's Agent

Wendy Atcher

New Horizons Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,166

Year Built

  • Built in 1900

Lot Details

  • 7,405

Parking

  • Uncovered Parking

Home Design

  • Quadruplex
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,492 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 7,405 Sq Ft Lot
  • Forced Air Heating System

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $1,967
  • Trash Expense $1,008
  • Gross Income $19,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,166

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: MARSHALLTOWN S 120' LOT 7 BLK 7
  • Municipality: Marshalltown
  • Year Built: 1900
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 502 E Main Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2020-06-16
  • List Office I D: 394
  • Sales Office I D: 409
  • Selling Agent: 4426
  • Share Listings With: Broker Reciprocity, CoreLogic Listing License, Homes.com, Realtor.com, RPR Listing License
  • Street Designation: Street
  • Building Style: Quadruplex
  • Unit 1 Air Conditioning: Window
  • Unit 1 Annual Rent: 7500
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Month Rent: 625
  • Unit 1 Number of Units: 1
  • Unit 1 Rooms Total: 4
  • Unit 1 Sq Ft: 623
  • Unit 2 Air Conditioning: Window
  • Unit 2 Annual Rent: 3900
  • Unit 2 Three Quarter Bathroom: 1
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Month Rent: 325
  • Unit 2 Number of Units: 1
  • Unit 2 Rooms Total: 4
  • Unit 2 Sq Ft: 623
  • Unit 3 Air Conditioning: Window
  • Unit 3 Annual Rent: 4200
  • Unit 3 Three Quarter Bathrooms: 1
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Total Bathrooms: 2
  • Unit 3 Bedrooms: 1
  • Unit 3 Month Rent: 350
  • Unit 3 Number of Units: 1
  • Unit 3 Rooms Total: 4
  • Unit 3 Sq Ft: 623
  • Unit 4 Air Conditioning: Window
  • Unit 4 Annual Rent: 4800
  • Unit 4 Three Quarter Bathrooms: 1
  • Unit 4 Bathrooms Full: 1
  • Unit 4 Total Bathrooms: 2
  • Unit 4 Bedrooms: 1
  • Unit 4 Month Rent: 400
  • Unit 4 Number of Units: 1
  • Unit 4 Rooms Total: 4
  • Unit 4 Sq Ft: 623
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 7
  • Basement: Full
  • Price Per S Q F T: 32.06
  • Above Grade Finished Sq Ft: 2492
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room
  • Three Quarter Bathrooms: 3

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Vinyl
  • Road Frontage: City Street
  • Roof: Asphalt Shingles

Garage/Parking

  • Description: Uncovered/Open
  • Fuel: Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Fee Information

  • Expense Fuel: 1967
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District Phone: 641-754-1000

Lot Info

  • Acres: 0.17
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: .17 acres
  • Lot Size Sq Ft: 7405.2
  • Lot Size Units: Acres
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Multi Family

  • Expense Trash: 1008
  • Tenant Expenses: Electricity, Water
  • Total Units: 4
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Tax With Assessments: 1166
  • Tax Year: 2019
  • Gross Taxes: 1166

MLS Schools

  • School District: 4104 - Marshalltown
  • School District Name: Marshalltown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Feb 8, 2021
Sold by
Kirk Kenton K
Bought by
Kirk Investments Llc
Seller's Agent
Chris Brodin
Premier Real Estate
Buyer's Agent
Wendy Atcher
New Horizons Realty
List Price
$89,900
Sold Price
$79,900
Premium/Discount to List
-$10,000
-11.12%
Current Estimated Value
$101,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,465
Avg. Annual Appreciation
4.70%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kirk Investments Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2020 12/14/20 Sold $79,900 0.0% $32 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/16/2020 09/16/20 Price Changed $79,900 -11.1% $32 / Sq Ft
06/15/2020 06/15/20 For Sale $89,900 -- $36 / Sq Ft
Source: NoCoast MLS

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 $1,950 $78,070 $10,800 $67,270
2024 $1,950 $100,950 $10,800 $90,150
2023 $1,564 $100,950 $10,800 $90,150
2022 $1,582 $69,860 $5,040 $64,820
2021 $1,246 $69,860 $5,040 $64,820
2020 $1,246 $52,880 $5,040 $47,840
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: NoCoast MLS

MLS Number: NOC5608609

NoCoast MLS

APN: 8418-26-484-004

Your Personal Tour Guide

Ask me questions while you tour the home.