NOT LISTED FOR SALE

503 Oak Ave NW Elkader, IA 52043

Estimated Value: $110,000 - $135,000

2 Beds
1.5 Baths
2,005 Sq Ft
$60/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $78,000 $39 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $823/month

6 Days on Market

Highlights

  • Deck
  • Living Room with Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of August 2021

This unique property is in the city limits of Elkader but has the feel of a cabin in the woods! This home features oak cabinets and a beautifully updated kitchen. It has 2 bedrooms with a 3rd non-conforming room that can b used as a bedroom or home office space. The 2 decks with this home give plenty of space for grilling out or entertaining!

Last Agent to Sell the Property

Joe Sylvester

Ole's 5 Star Realty, LLC Listed on: 06/11/2021

Last Buyer's Agent

Joe Sylvester

Ole's 5 Star Realty, LLC Listed on: 06/11/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,490

Year Built

  • Built in 1906

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x149

Parking

  • 2 Car Garage

Home Design

  • Poured Concrete
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Partial Basement
  • Oven or Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Gas Available
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 2522279001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,490

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Class: Residential
  • Style2: 2 Story
  • Type: Single Family - Detached
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Range/Oven
  • Fireplace: Living Room
  • Bedroom 1: Size: 10x12, On Level: u
  • Bedroom 2: Size: 12x16, On Level: u
  • Bathrooms Main: .5
  • Estimated Total Above Ground Sq Ft: 1537
  • Estimated Finished Sq Ft: 2005
  • Estimated Lower Sq Ft: 468
  • Estimated Main Sq Ft: 1037
  • Estimated Upper Sq Ft: 500
  • Basement: Partial
  • Kitchen: Size: 18x12, On Level: m
  • Living Room: Size: 12x15, On Level: m
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Number of Bathrooms Areas: 2

Exterior Features

  • Exterior Features: Deck
  • Foundation: Pour/Concrete
  • Roof: Asp/Composite Shngl
  • Siding: Vinyl
  • Siding Color: Tan

Garage/Parking

  • Garage Capacity: 2
  • Garage Feature: No Features

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas
  • Heat Type: Forced Air
  • Laundry: Main Floor
  • Sewer: Public
  • Water: Private

Schools

  • Elementary School: Elkader - Central
  • Middle School: Elkader-Central
  • High School: Elkader-Central

Lot Info

  • Lot Size: 100x149
  • Number Of Acres: 0.31
  • Parcel Id Number: 2522279001
  • Zoning: residential

Tax Info

  • Gross Taxes: 1490

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Aug 13, 2021
Sold by
Carmen Arce-Jaimes
Bought by
Federal Home Loan Bank
Seller's Agent
Joe Sylvester
Ole's 5 Star Realty, LLC
Buyer's Agent
Joe Sylvester
Ole's 5 Star Realty, LLC
List Price
$79,900
Sold Price
$78,000
Premium/Discount to List
-$1,900
-2.38%
Current Estimated Value
$119,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,843
Avg. Annual Appreciation
10.32%
Original Mortgage
$120,000
Outstanding Balance
$110,139
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$6,063

Purchase Details

Listed on
Mar 7, 2017
Closed on
Jul 7, 2017
Sold by
Kramer Jason
Bought by
Hansel Alicia M
Seller's Agent
Daniel Parker
Parker Realty
List Price
$79,900
Sold Price
$54,000
Premium/Discount to List
-$25,900
-32.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$49,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2007
Sold by
Palas Verda M and Palas Verda Mae
Bought by
Palas Family Trust
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
Federal Home Loan Bank -- None Listed On Document
Arce Jaimes Carmen K $78,000 None Available
Hansel Alicia M $55,000 None Available
Palas Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arce Jaimes Carmen K $120,000
Closed Arcee Jaimes Carmen K $120,000
Previous Owner Hansel Alicia M $49,000
Previous Owner Kramer Jason $21,291
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $78,000 -2.4% $39 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $79,900 +48.0% $40 / Sq Ft
08/31/2017 08/31/17 Sold $54,000 -32.4% $35 / Sq Ft
08/07/2017 08/07/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $79,900 -- $52 / Sq Ft
Source: East Central Iowa 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 $2,052 $90,351 $10,474 $79,877
2023 $2,062 $90,351 $10,474 $79,877
2022 $1,694 $78,997 $9,487 $69,510
2021 $1,528 $78,997 $9,487 $69,510
2020 $1,528 $74,645 $9,487 $65,158
2019 $1,752 $74,645 $9,487 $65,158
2018 $1,752 $85,973 $9,487 $76,486
2017 $1,914 $85,973 $9,487 $76,486
2015 $1,638 $71,437 $8,585 $62,852
2014 $1,542 $71,437 $8,585 $62,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: 142608

East Central Iowa Association of REALTORS®

APN: 22-25-22-279-001