NOT LISTED FOR SALE

507 & 509 Oak St Muscatine, IA 52761

Estimated Value: $173,000 - $230,000

8 Beds
4 Baths
2,948 Sq Ft
$72/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $195,000 $66 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,453/month

48 Days on Market

About This Home

As of June 2021

4 apartments: Lower left: 1 Bedroom, 1 Bathroom rents for $500. Upper Left: 3 Bedroom, 1 Bathroom rents for $675. Lower Right: 1 bedroom, 1 bathroom rents for $300. Right Upper: 3 Bedroom, 1 bathroom rents for $700. All units have stove and refrigerator, lower units also have washer and dryer. Annual Rent: $26,100 less $4,200 taxes and insurance net you $21,900annually, 10.4% Cap Rate. NO INTERIOR PHOTOS, 24 HOUR NOTICE TO SHOW.

Last Agent to Sell the Property

Daniel Oien

FIRST CHOICE REAL ESTATE License #B44442000 Listed on: 03/23/2021

Last Buyer's Agent

MELISSA MEYER

RUHL & RUHL REALTORS License #S68616000

RUHL & RUHL REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,524

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 60' x 64'

Home Design

  • 2,948 Sq Ft Home

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0835427017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,524

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Items That Stay: Curtains & Drapes, Dryer, Refrigerator, Stove, Washer
  • Zoning: Residenatial
  • Insurance: 1200.00
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Above Grade Sq Ft: 2948.00
  • Basement YN: Yes

Utilities

  • Utilities Providers Cable Tv: MPW
  • Utilities Providers City Sewer: MPW
  • Utilities Providers City Water: MPW
  • Utilities Providers Electricity: MPW
  • Utilities Providers Heat: Gas
  • Utilities Providers Internet: MPW
  • Utilities Providers Natural Gas: Alliant Energy
  • Utilities Providers Water Heater: 4) Gas
  • Number Electric Meters: 4
  • Number Furnaces: 4
  • Number Water Heaters: 4
  • Number Water Meters: 4

Schools

  • School District: Muscatine
  • School District: Muscatine

Lot Info

  • Prop Grp ID: 19990816212109142258000000
  • Lot Size: 60' x 64'

Rental Info

  • Rent Income: 27000.00

Tax Info

  • Gross Taxes: 2926.00
  • Named Parcel Number: 0835427017

Multi Family

  • No. of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
Jul 30, 2021
Sold by
Dre Group Llc
Bought by
Santana Natvidad and Santana Carmen
Seller's Agent
Daniel Oien
FIRST CHOICE REAL ESTATE
Buyer's Agent
MELISSA MEYER
RUHL & RUHL REALTORS
List Price
$220,000
Sold Price
$195,000
Premium/Discount to List
-$25,000
-11.36%
Current Estimated Value
$212,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,729
Avg. Annual Appreciation
-0.17%
Original Mortgage
$195,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 19, 2010
Sold by
Fish Phyllis V
Bought by
Curry Rachel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2009
Sold by
Albright Ronald E
Bought by
Pengar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
5.19%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Santana Natvidad $195,000 None Available
Curry Rachel S $52,000 None Available
Pengar Llc $83,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santana Natvidad $195,000
Previous Owner Dre Group Llc $608,000
Previous Owner Curry Rachel S $46,800
Previous Owner Pengar Llc $71,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $195,000 -7.1% $66 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
04/08/2021 04/08/21 Price Changed $210,000 -4.5% $71 / Sq Ft
03/23/2021 03/23/21 For Sale $220,000 -- $75 / Sq Ft
Source: Muscatine Multiple Listing Service

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 $3,524 $206,800 $9,880 $196,920
2023 $3,768 $202,471 $9,890 $192,581
2022 $3,464 $187,350 $9,330 $178,020
2021 $3,690 $144,130 $9,330 $134,800
2020 $3,051 $119,090 $4,220 $114,870
2019 $3,160 $108,530 $0 $0
2018 $3,348 $108,530 $0 $0
2017 $3,348 $95,520 $0 $0
2016 $3,350 $95,520 $0 $0
2015 $3,350 $84,540 $0 $0
2014 $3,108 $84,540 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Muscatine Multiple Listing Service

MLS Number: 21-139

Muscatine Multiple Listing Service

APN: 0835427017