NOT LISTED FOR SALE

503 Pearl St Neola, IA 51559

Estimated Value: $225,000 - $289,000

3 Beds
2 Baths
1,320 Sq Ft
$187/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $191,500 $145 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,519/month

3 Days on Market

Highlights

  • Ranch Style House
  • Living Room
  • Dining Room
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Family Room

About This Home

As of July 2023

Welcome to small-town living... close to the big city! Welcome to this beautiful 3 bed, 1.75 bath ranch home located in Neola, IA. The large, flat lot consists of the home, a large, insulated, heated 2 car garage, a spacious shop, as well as a garden shed. The main level consists of 3 bedrooms with a living room, dining area that opens to the updated kitchen. The soft close cabinets are a great touch as well as the pantry. The washer and dryer as also located on the main level with a small area for an in-home office. The basement has a finished living area that also features a 3/4 bathroom, secluded work-bench area that leads to the HVAC and another private storage room. Don't miss your chance to put your own TLC on this home to make it yours!

Last Agent to Sell the Property

Kevin Osborn

Osborn Realty License #*** Listed on: 06/14/2023

Last Buyer's Agent

Outside Agent-RLIT Outside Agent-RLIT

Outside Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,526

Year Built

  • Built in 1900

Lot Details

  • 0.28

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Detached Garage
  • Heated Garage
  • Insulated Garage

Additional Features

  • 0.28 Acre Lot
  • Forced Air Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,526

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family
  • Accessible: None
  • Legal Description: NEOLA TOWN-FARRELLS SUB LTS 11 & 12 BLK 25
  • Municipality: Neola
  • Year Built: 1900
  • OFFICELIST_ADDRESS: 503 Pearl Street
  • Distribute To Internet: Yes
  • List Office I D: 2660
  • Sales Office I D: 2791
  • Selling Agent: 5068
  • Street Designation: Street
  • Building Style: Ranch
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Bedrooms: 3
  • Bedroom 1: (1st) Bedroom
  • Bedroom 2: (2nd) Bedroom
  • Bedroom 3: (3rd) Bedroom
  • Bedroom 4: (4th) Bedroom
  • Total Bathrooms: 2
  • Basement: Partial, Partial Finished
  • Dining Room: Dining Room
  • Family Room: Family Room
  • Kitchen: Kitchen
  • Living Room: Living Room
  • Price Per S Q F T: 145.08
  • Above Grade Finished Sq Ft: 1320
  • Total Finished Sq Ft: 1320
  • Three Quarter Bathrooms: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

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

Utilities

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

Association/Amenities

  • Complex/Development/Subdivision: FARRELLS SUBDIVISION NEOLA

Fee Information

  • Tax Class: SINGLE FAMILY

Lot Info

  • New Develop: No
  • Acres: 0.28
  • Geo Update Timestamp: 2023-06-14
  • Total Assessed Value: 94100
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 12,000SQ.FT.
  • Lot Size Sq Ft: 12197
  • Lot Size Units: Acres
  • Zoning: Residential-Single Family

Tax Info

  • Tax Year: 2021
  • Gross Taxes: 2526

MLS Schools

  • School District: 6460 - Tri-Center

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Jul 7, 2023
Sold by
John H Brich Irrevocable Living Trust and Wright Pamela S
Bought by
Heinrichs Nicholas R and Wilson Carlie E
Seller's Agent
Kevin Osborn
Osborn Realty
Buyer's Agent
Outside Agent-RLIT Outside Agent-RLIT
Outside Office
List Price
$175,000
Sold Price
$191,500
Premium/Discount to List
$16,500
9.43%
Views
12
Current Estimated Value
$242,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,662
Avg. Annual Appreciation
8.82%
Original Mortgage
$9,575
Outstanding Balance
$9,390
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$219,880
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
Heinrichs Nicholas R $191,500 Midwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heinrichs Nicholas R $9,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $191,500 +9.4% $145 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $175,000 -- $133 / 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 $2,512 $153,500 $24,100 $129,400
2023 $1,822 $115,400 $24,100 $91,300
2022 $1,656 $94,100 $24,100 $70,000
2021 $2,526 $94,100 $24,100 $70,000
2020 $1,318 $94,100 $24,100 $70,000
2019 $1,332 $75,000 $13,474 $61,526
2018 $1,298 $75,000 $13,474 $61,526
2017 $1,116 $65,000 $13,474 $51,526
2015 $1,116 $65,000 $13,474 $51,526
2014 $1,136 $65,000 $13,474 $51,526
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6308762

NoCoast MLS

APN: 7742-25-203-003