NOT LISTED FOR SALE

505 7th Ave SE Oelwein, IA 50662

Estimated Value: $214,000 - $223,000

4 Beds
2.5 Baths
2,236 Sq Ft
$98/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $162,500 $73 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,453/month

20 Days on Market

Highlights

  • Contemporary Architecture
  • Patio
  • Ceiling Fan
  • 2 Car Attached Garage
  • Water Softener is Owned
  • Geothermal Heating and Cooling

About This Home

As of February 2020

Beautifully maintained 4 bedroom ranch home in great location. Geothermal heating and cooling. Updated kitchen with plenty of cabinets and counter space. Main floor laundry/half bath. Newer windows throughout. Lower level family room includes the pool table. Lower level bedroom with ingress/egress. Basement waterproofing by Tomlinson-Cannon. Oversized 26x28 2 car attached garage. 50 year steel shingles. Large backyard with patio. The owners have done all the work for you. Pack your boxes and move it. Call today to see for yourself.

Last Agent to Sell the Property

Sandra Graf

Century 21 Signature Real Estate - Cedar Falls License #B17873 Listed on: 12/11/2019

Century 21 Signature Real Estate - Cedar Falls

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,465

Year Built

  • Built in 1964

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 82x145.60
  • Property is zoned R1-SF

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,236 Sq Ft Home
  • Ceiling Fan
  • Partially Finished Basement
  • Sump Pump
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Patio

Schools

  • Oelwein Elementary And Middle School
  • Oelwein High School

Utilities

  • Geothermal Heating and Cooling
  • Electric Water Heater
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 1828230002

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,465

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Parcel Number: 1828230002
  • Year Built: 1964
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLaundryFeatures: 1st Floor
  • Lot Size Acres: 0.27
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Concrete
  • Co List Office Phone: 319-283-2211
  • MLS Status: Closed
  • Architectural Style: Contemporary
  • Reso Fireplace Features: None
  • Reso Interior Features: Ceiling Fan(s)
  • Reso Roof: Steel
  • TotalFinishedSquareFootage: 2236
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Smoke Detector, Dishwasher, Disposal, Free-Standing Range, Sump Pump, Refrigerator, Electric Water Heater, Water Softener Owned
  • Basement: Block, Floor Drain, Partially Unfinished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 914
  • BelowGradeArea: 1322

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Patio

Garage/Parking

  • Parking Features: 2 Stall, Attached Garage

Utilities

  • Cooling: Geothermal
  • Heating: Geothermal
  • Sewer: City Sewer
  • Water Source: City

Schools

  • Elementary School: Oelwein
  • High School: Oelwein
  • Middle Or Junior School: Oelwein

Lot Info

  • Zoning: R1-SF
  • Lot Dimensions: 82x145.60
  • Lot Size Sq Ft: 11939
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 2465

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2019
Closed on
Jan 26, 2020
Sold by
Larimer Robert P and Larimer Virginia L
Bought by
Dresen Karlee K and Weidemann Nathan C
Seller's Agent
Sandra Graf
Century 21 Signature Real Estate - Cedar Falls
List Price
$164,900
Sold Price
$162,500
Premium/Discount to List
-$2,400
-1.46%
Current Estimated Value
$219,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,022
Avg. Annual Appreciation
5.94%
Original Mortgage
$146,250
Outstanding Balance
$75,055
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$149,904
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
Dresen Karlee K $162,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dresen Karlee K $146,250
Closed Larimer Robert P $99,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2020 02/03/20 Sold $162,500 -1.5% $73 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
12/11/2019 12/11/19 For Sale $164,900 -- $74 / Sq Ft
Source: Northeast Iowa Regional Board 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 $3,528 $192,450 $17,740 $174,710
2023 $3,450 $192,450 $17,740 $174,710
2022 $3,056 $152,880 $14,780 $138,100
2021 $3,056 $152,880 $14,780 $138,100
2020 $2,782 $134,640 $10,140 $124,500
2019 $2,278 $111,700 $0 $0
2018 $2,222 $111,700 $0 $0
2017 $1,948 $94,720 $0 $0
2016 $1,724 $86,910 $0 $0
2015 $1,724 $0 $0 $0
2014 $1,696 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sandra Graf

    Century 21 Signature Real Estate - Cedar Falls

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20196485

Northeast Iowa Regional Board of REALTORS®

APN: 18-28-230-002

Iowa Fayette County Oelwein 50662

505 7th Ave SE, Oelwein, IA

This home is located at 505 7th Ave SE, Oelwein, IA 50662 since 11 December 2019 and is currently estimated at $219,522, approximately $98 per square foot. This property was built in 1964. 505 7th Ave SE is a home located in Fayette County with nearby schools including Little Husky Learning Center, Wings Park Elementary School, and Parkside Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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