NOT LISTED FOR SALE

505 N B St Fairfield, IA 52556

Estimated Value: $95,000 - $119,000

1 Bed
2 Baths
1,092 Sq Ft
$97/Sq Ft Est. Value

Last Sold February 20, 2018

Last sale price $79,500 $73 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $579/month

74 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating System
  • 4-minute walk to Utopia Park

About This Home

As of February 2018

New electrical, plumbing, structural improvements and roof in 2016. Investment property in a prime location, close to campus, the square and trails. Efficient units are both currently rented until June 2018, front studio apartment rents for $350 and back 2 bedroom efficiency rents for $525/month. Yard has gardens and a huge storage space in back, which could make a great studio with a little love. PREQUALIFED buyers only.

Last Agent to Sell the Property

Darin Dowd

Fairfield Real Estate Listed on: 12/07/2017

Fairfield Real Estate

Last Buyer's Agent

Darin Dowd

Fairfield Real Estate Listed on: 12/07/2017

Fairfield Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,736

Year Built

  • Built in 1900

Lot Details

  • 8,712

Home Design

  • Duplex
  • Metal Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property

Additional Features

  • Lot Dimensions are 66x66x132x132
  • Forced Air Heating System

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $792
  • Gross Income $634

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,736

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: HENN WILLIAMS 6 13
  • Municipality: Fairfield
  • Year Built: 1900
  • Stories: 1 Story
  • OFFICELIST_ADDRESS: 505 N B Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2017-12-07
  • List Office I D: 708
  • M L Number Foreign: SEIA20168003
  • Sales Office I D: 708
  • Selling Agent: 2650
  • Share Listings With: Broker Reciprocity, CoreLogic Listing License, Homes.com, Realtor.com, RPR Listing License
  • Street Designation: Street
  • Building Style: Duplex Other
  • Unit 1 Number of Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 72.8
  • Above Grade Finished Sq Ft: 1092
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room

Exterior Features

  • Exterior: Metal
  • Road Frontage: Sidewalks, Other

Utilities

  • Heating: Forced Air

Condo/Co-op/Association

  • Common Features: Extra Storage, Hardwood, Security Deposit, W/D Hookups

Fee Information

  • Annual Expense: 3464.04
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Fairfield
  • School District Number: 2169

Lot Info

  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 66x66x132x132
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Rental License: No

Multi Family

  • Expense Insurance: 792
  • Expense Water Sewer: 78
  • Tenant Expenses: Electricity, Fuel, Trash Collection, Water
  • Total Units: 2
  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

Tax Info

  • Gross Taxes: 1736

MLS Schools

  • School District: 2169 - Fairfield
  • School District Name: Fairfield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2017
Closed on
Feb 15, 2018
Sold by
Strategies Lucky Bunny
Bought by
Williamson Deborah and Williamson Thomas
Seller's Agent
Darin Dowd
Fairfield Real Estate
Buyer's Agent
Darin Dowd
Fairfield Real Estate
List Price
$79,500
Sold Price
$79,500
Current Estimated Value
$106,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,521
Avg. Annual Appreciation
4.42%
Original Mortgage
$59,625
Outstanding Balance
$51,152
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$58,797

Purchase Details

Listed on
May 7, 2012
Closed on
May 6, 2013
Sold by
Simpson James J and Simpson Linda K
Bought by
Lucky Bunny Strategies Llc
Seller's Agent
Karen Hewitt
LIV Real Estate & Property Management
Buyer's Agent
Christie Kessel
Davis & Palmer Real Estate
List Price
$50,000
Sold Price
$35,000
Premium/Discount to List
-$15,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.64%

Purchase Details

Closed on
Apr 22, 2011
Sold by
Huffman Pamela Sue
Bought by
Simpson James J
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
Williamson Deborah $79,000 --
Lucky Bunny Strategies Llc $35,000 None Available
Simpson James J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williamson Deborah $59,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2018 02/20/18 Sold $79,500 0.0% $73 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
12/07/2017 12/07/17 For Sale $79,500 +127.1% $73 / Sq Ft
05/06/2013 05/06/13 Sold $35,000 -30.0% $32 / Sq Ft
04/08/2013 04/08/13 Pending -- -- --
05/07/2012 05/07/12 For Sale $50,000 -- $46 / 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 $17 $94,400 $13,200 $81,200
2023 $1,740 $94,400 $13,200 $81,200
2022 $1,640 $80,900 $13,200 $67,700
2021 $1,640 $80,900 $13,200 $67,700
2020 $1,622 $77,300 $13,200 $64,100
2019 $1,814 $80,200 $0 $0
2018 $1,464 $67,500 $0 $0
2017 $1,464 $78,600 $0 $0
2016 $1,728 $78,600 $0 $0
2015 $1,382 $61,000 $0 $0
2014 $1,380 $61,000 $0 $0
2013 $1,382 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5428443

NoCoast MLS

APN: 06-25-183-002