NOT LISTED FOR SALE

504 6th St Wellman, IA 52356

8 Beds
4 Baths
3,500 Sq Ft
2003 Built

Sale Details

Date Sold: August 8, 2022

Last sale price $420,000 $120 Per Sq Ft

7 Days on Market

Highlights

  • Golf Course Community
  • Property is near schools
  • Baseboard Heating
  • Living Room
  • Ceiling Fan

About This Home

As of August 2022

Welcome to Sand Green Apartments! Great location directly on Golf Course in Wellman. Always fully rented 2BR/1 BA unit 6 plex. All tenants on annual lease, with one month security deposits and background checks. Parking lots located in both front and rear of property. Convenient to Elementary and High Schools. Excellent cash flow. Property being sold "As Is".

Last Agent to Sell the Property

Jill Armstrong

Skogman Realty Co. Listed on: 07/01/2022

Skogman Realty Co.

Last Buyer's Agent

Connie Larsen

RE/MAX Affiliates

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 3,500 Sq Ft Home
  • Ceiling Fan
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Location

  • Property is near schools

Schools

  • Mid Prairie Elementary And Middle School
  • Mid Prairie High School

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 0113458002

Community Details

Overview

  • 6 Units
  • Wellman City Subdivision

Recreation

  • Golf Course Community

Building Details

  • Insurance Expense $1,879
  • Maintenance Expense $1,000
  • Water Sewer Expense $4,200
  • Gross Income $50,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Welcome to Sand Green Apartments! Great location directly on Golf Course in Wellman. Always fully rented 2BR/1 BA unit 6 plex. All tenants on annual lease, with one month security deposits and background checks. Parking lots located in both front and rear of property. Convenient to Elementary and High Schools. Excellent cash flow. Property being sold "As Is".
  • Year Built: 2003
  • Subdivision: Wellman City
  • Rental Permit: Yes
  • Water Annually: 4200
  • Directions: Take Exit 91 for IA-1 toward Iowa City/Kalona, turn right onto IA-1 S, turn right onto IA-22 W
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Golf Course, Sidewalks, Close to School
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
  • Sq Ft Above: 3500
  • Lower Level Sq Ft: 1750

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Window/Wall Units, Baseboard

Schools

  • High School: Mid Prairie
  • Jr Middle School: Mid Prairie
  • Elementary School: Mid Prairie

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: Irr
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 0113458002

Multi Family

  • Units Total: 6

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 None Listed On Document
Webohunt Llc $420,000 None Listed On Document
Stalder Susan $209,000 None Available
Shelman Randall L -- None Available
Tutor Nancy Ann -- None Available
Winter Land Llc -- None Available
Peck Arthur F $600,000 None Available
Ringneck Innovations Llc $230,000 None Available
D Rich Properties Llc $417,000 None Available
Webester David D -- None Available
Robert M Flynn Estate -- None Available
Labsock Cindy M -- None Available
Mcfarland Linda Lou -- None Available
Shelman Brian S -- None Available
Shelman Randall L -- None Available
Shelman Randall L -- --
Shepherd Heatrher C K -- None Available
Krabill Don L -- None Available
Martin Dorothy -- --
Martin Dorothy -- --
Schrock Devon $74,000 --
Lange Lori Robin $121,500 --
Chalupa Scott $121,000 --
Schlabach Mark $238,000 --
Greiner Linda K -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Previous Owner Webohunt Llc $350,000
Previous Owner Zieglowsky James A $250,000
Previous Owner Nkni Properties Llc $460,757
Previous Owner Peck Arthur F $165,000
Previous Owner Jotoammi Acres Llc $35,000
Previous Owner Greiner David C $77,400
Previous Owner Latta James C $15,129
Previous Owner Strabala Jerome F $1,091,028
Previous Owner Martin Dorothy $128,000
Previous Owner Adrian Joseph Patrick $100,000
Previous Owner Schrock Devon $127,189
Previous Owner Schlabach Mark $194,000
Previous Owner Pamida Inc --
Previous Owner Curl Patrick R $240,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2022 08/08/22 Sold $420,000 -1.2% $120 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $425,000 +84.8% $121 / Sq Ft
03/31/2014 03/31/14 Sold $230,000 -11.5% $66 / Sq Ft View Prior Sale
02/25/2014 02/25/14 Pending -- -- --
02/20/2014 02/20/14 For Sale $259,900 -- $74 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,150 $427,000 $33,000 $394,000
2024 $7,156 $406,500 $33,000 $373,500
2023 $4,890 $349,900 $33,000 $316,900
2022 $5,660 $250,000 $33,000 $217,000
2021 $5,660 $250,000 $33,000 $217,000
2020 $6,144 $238,500 $33,000 $205,500
2019 $6,240 $228,700 $0 $0
2018 $6,456 $228,700 $0 $0
2017 $6,456 $233,200 $0 $0
2016 $7,086 $233,200 $0 $0
2015 $7,086 $203,300 $0 $0
2014 $6,476 $203,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202203871

Iowa City Area Association of REALTORS®
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