NOT LISTED FOR SALE

503 1st St Traer, IA 50675

Estimated Value: $137,000 - $166,000

4 Beds
1 Bath
1,812 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $87,000 $48 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,051/month

3 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • Main Floor Bedroom
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of March 2022

Affordable living! Beautiful 4 square home located in charming Traer. This property is within walking distance of shops, restaurants & boutiques. Beautiful hardwood floors can be found in this spacious home with 4 bedrooms & a large full bath. Most of the windows have been updated & is ready for it's new family. Call today for your tour.

Last Agent to Sell the Property

Sierra Kriegel

Rising Realty License #*** Listed on: 01/04/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1887

Lot Details

  • 7,187 Sq Ft Lot
  • Chain Link Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,812 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Sub Type: Single Family
  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: LOT 8 BLK 14 ORIGINAL
  • Municipality: Traer
  • Year Built: 1887
  • OFFICELIST_ADDRESS: 503 1st Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2022-01-05
  • List Office I D: 2704
  • Sales Office I D: 1
  • Selling Agent: 1
  • Share Listings With: CoreLogic Listing License, Realtor.com, Homes.com, Broker Reciprocity, RPR Listing License
  • Street Designation: Street
  • Building Style: 2 Story
  • Bedroom 1 Level: Main
  • Special Features: None
  • Stories: 2

Interior Features

  • Common Walls: No
  • Flooring: Hardwood
  • Bedrooms: 4
  • Bedroom 1: (1st) Bedroom
  • Bedroom 2: (2nd) Bedroom
  • Bedroom 3: (3rd) Bedroom
  • Bedroom 4: (4th) Bedroom
  • Total Bathrooms: 1
  • Basement: Full
  • Dining Room: Dining Room
  • Family Room: No
  • Kitchen: Kitchen
  • Kitchen Level: Main
  • Living Room: Living Room
  • Main Floor Sq Ft: 972
  • Price Per S Q F T: 48.01
  • Above Grade Finished Sq Ft: 1812
  • Below Grade Total Sq Ft: 972
  • Fireplace: No
  • Room Types: Dining Room, Extra Room 1, Extra Room 2, Extra Room 3, Extra Room 4, Extra Room 5, Extra Room 6, Family Room, Bedroom 1, Bedroom 4, Kitchen, Living Room, Bedroom 2, Bedroom 3
  • Bedroom 2 Level: Upper
  • Bedroom 3 Level: Upper
  • Bedroom 4 Level: Upper
  • Dining Room Level: Main
  • Living Room Level: Main

Exterior Features

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Brick/Stone
  • Fencing: Chain Link
  • Roof: Asphalt Shingles

Garage/Parking

  • Description: Detached Garage, Driveway - Concrete
  • Fuel: Natural Gas

Utilities

  • Air Conditioner: Central
  • Garage Stalls: 2
  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected
  • Electric: Circuit Breakers

Association/Amenities

  • Complex/Development/Subdivision: Traer

Condo/Co-op/Association

  • Association Fee YN: No

Fee Information

  • Tax Class: SINGLE FAMILY

Schools

  • School District: North Tama County
  • School District Number: 4785
  • School District Phone: 319-478-2265

Lot Info

  • New Develop: No
  • Acres: 0.17
  • Assessment Pending: Unknown
  • Homestead Description: Other
  • Lot Size Sq Ft: 7187
  • Lot Size Units: Acres

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Tax Info

  • Tax With Assessments: 2196
  • Tax Year: 2021
  • Gross Taxes: 2196

MLS Schools

  • School District: 4785 - North Tama County
  • School District Name: North Tama County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2022
Closed on
Mar 12, 2022
Sold by
Harger Jolynn M and Harger Travis
Bought by
Posusta Wade and Posusta Rebekah
Seller's Agent
Sierra Kriegel
Rising Realty
List Price
$92,900
Sold Price
$87,000
Premium/Discount to List
-$5,900
-6.35%
Current Estimated Value
$150,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,379
Avg. Annual Appreciation
16.55%

Purchase Details

Closed on
Mar 12, 2015
Sold by
Mennenga Aaron M
Bought by
Stoneking Jolynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,700
Interest Rate
3.67%
Mortgage Type
USDA

Purchase Details

Closed on
May 1, 2010
Sold by
The Bank Of New York
Bought by
Mennenga Aaron M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,551
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2005
Sold by
Adams Stephanie J and Adams David W
Bought by
Clausen James A and Clausen Alison J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,275
Interest Rate
9.62%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Posusta Wade $87,000 None Listed On Document
Stoneking Jolynn M $82,500 None Available
Mennenga Aaron M $76,000 None Available
Clausen James A $124,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stoneking Jolynn M $81,700
Previous Owner Mennenga Aaron M $77,551
Previous Owner Clausen James A $118,275
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $87,000 -6.4% $48 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $92,900 -- $51 / Sq Ft
Source: NoCoast MLS

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 $2,640 $132,880 $11,040 $121,840
2023 $2,436 $132,880 $11,040 $121,840
2022 $2,206 $122,430 $11,040 $111,390
2021 $2,196 $107,800 $10,760 $97,040
2020 $21 $102,190 $10,760 $91,430
2019 $2,052 $100,040 $0 $0
2018 $1,978 $100,040 $0 $0
2017 $1,978 $100,040 $0 $0
2016 $1,850 $99,860 $8,280 $91,580
2015 $1,960 $99,860 $8,280 $91,580
2014 $1,960 $108,090 $11,040 $97,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6139489

NoCoast MLS

APN: 07.10.131.002