NOT LISTED FOR SALE

505 S Jefferson Way Indianola, IA 50125

Estimated Value: $97,000 - $151,000

-- Bed
2 Baths
1,023 Sq Ft
$123/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $85,000 $83 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $818/month

128 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 3-minute walk to Barker Park
  • Shades
  • Carpet

About This Home

As of December 2022

This is a great two-unit investment property WITH current tenants! Come and take a look!

Last Agent to Sell the Property

Pennie Carroll

Pennie Carroll & Associates Listed on: 06/30/2022

Last Buyer's Agent

Shane Kennedy

LPT Realty, LLC

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,592

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 81x141
  • Irregular Lot

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,023 Sq Ft Home
  • Shades
  • Fire and Smoke Detector
  • Stove
  • Laundry on main level

Flooring

  • Carpet
  • Laminate

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Gross Income $1,135

Listing and Financial Details

  • Assessor Parcel Number 48670000011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,592

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Duplex
  • Lp Amt Sq Ft: 107.53
  • Sp Amt Sq Ft: 83.09
  • Termite: Follow Showing Instructions
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Disposals: 1
  • Refrigerators: 1
  • Stoves Total: 1
  • Interior Amenities: 1st Flr Laundry, Carpeting, Laminate Floors, Shades/Shutters, Smoke Detector
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 1
  • Full Bathrooms: 1
  • Kitchens: 1
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 1023
  • Total Sq Ft: 1023

Exterior Features

  • Exterior: Metal Siding
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete, Gravel
  • Garage: 1 Detached
  • Off Street Parking: Yes

Utilities

  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Indianola

Lot Info

  • Acres: 0.2810
  • Lot S F: 12240
  • Lot Shape: Irregular
  • Lot Size: 81X141
  • Assessor Parcel Number: 48670000011
  • Zoning: R

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Tenant

Tax Info

  • Gross Taxes: 1592.00
  • Net Taxes: 1592.00

MLS Schools

  • School District: Indianola

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Dec 15, 2022
Sold by
Pls Investments Inc
Bought by
Schrock Solutions Llc
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Shane Kennedy
LPT Realty, LLC
List Price
$110,000
Sold Price
$85,000
Premium/Discount to List
-$25,000
-22.73%
Views
113
Current Estimated Value
$125,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,826
Avg. Annual Appreciation
15.64%
Original Mortgage
$166,000
Outstanding Balance
$154,742
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
-$29,099

Purchase Details

Listed on
Jun 30, 2022
Closed on
Dec 14, 2022
Sold by
Kenneth H Webb Revocable Trust
Bought by
Pls Investments Inc
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Shane Kennedy
LPT Realty, LLC
List Price
$110,000
Sold Price
$85,000
Premium/Discount to List
-$25,000
-22.73%
Views
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Outstanding Balance
$154,742
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
-$29,099

Purchase Details

Closed on
Apr 4, 2013
Sold by
Guest Leo F and Guest Sandra
Bought by
Kenneth H Webb Revocable Trust

Purchase Details

Closed on
Apr 1, 2013
Sold by
Guest Leo F and Guest Sandra
Bought by
Kenneth H Webb Revocable Trust
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
Schrock Solutions Llc $85,000 None Listed On Document
Pls Investments Inc $60,000 None Listed On Document
Kenneth H Webb Revocable Trust $65,000 None Available
Kenneth H Webb Revocable Trust $65,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrock Solutions Llc $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $85,000 -22.7% $83 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $110,000 0.0% $108 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $110,000 -- $108 / Sq Ft
Source: Des Moines Area 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 $1,582 $88,200 $20,200 $68,000
2023 $1,596 $88,200 $20,200 $68,000
2022 $1,580 $74,900 $20,200 $54,700
2021 $1,592 $74,900 $20,200 $54,700
2020 $1,592 $71,300 $20,200 $51,100
2019 $1,478 $71,300 $20,200 $51,100
2018 $1,414 $0 $0 $0
2017 $1,352 $0 $0 $0
2016 $1,320 $60,900 $0 $0
2015 $1,320 $0 $0 $0
2014 $1,332 $61,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pennie Carroll

    Seller's Agent in 2022

    Pennie Carroll

    Pennie Carroll & Associates

    (515) 490-8025

    7 in this area

    1,269 Total Sales

    Pennie Carroll
    Section Image
  • Shane Kennedy

    Buyer's Agent in 2022

    Shane Kennedy

    LPT Realty, LLC

    (515) 250-3464

    2 in this area

    38 Total Sales

    Shane Kennedy
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 655106

Des Moines Area Association of REALTORS®

APN: 48670000011

Iowa Warren County Indianola 50125

505 S Jefferson Way, Indianola, IA

This home is located at 505 S Jefferson Way, Indianola, IA 50125 since 30 June 2022 and is currently estimated at $125,826, approximately $122 per square foot. This property was built in 1930. 505 S Jefferson Way is a home located in Warren County with nearby schools including Indianola High 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.

Des Moines Area Association 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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