NOT LISTED FOR SALE

507 E Prospect St Red Oak, IA 51566

Estimated Value: $46,000 - $62,405

2 Beds
1 Bath
1,040 Sq Ft
$54/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $39,500 $38 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $347/month

1 Day on Market

Highlights

  • 0.25 Acre Lot
  • Living Room
  • Dining Room
  • Main Floor Bedroom
  • Forced Air Heating System

About This Home

As of November 2022

This home is located at 507 E Prospect St, Red Oak, IA 51566 since 06 October 2022 and is currently estimated at $56,351, approximately $54 per square foot. This property was built in 1900. 507 E Prospect St is a home located in Montgomery County with nearby schools including Red Oak Early Childhood Center, Red Oak Middle School, and Red Oak Junior/Senior High School.

Last Agent to Sell the Property

Rhonda Byers

McIntyre Real Estate LLC License #*** Listed on: 10/06/2022

Last Buyer's Agent

Rhonda Byers

McIntyre Real Estate LLC License #*** Listed on: 10/06/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $612

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60 x 180

Parking

  • Carport

Interior Spaces

  • 1,040 Sq Ft Home
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$612

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family
  • Accessible: None
  • Construction Status: Previously Owned
  • Legal Description: NE ADD LT 9 BLK 94 per Beacon report
  • Municipality: Red Oak
  • Year Built: 1900
  • OFFICELIST_ADDRESS: 507 E Prospect Street
  • Distribute To Internet: Yes
  • List Office I D: 241
  • Sales Office I D: 241
  • Selling Agent: 1429
  • Street Designation: Street
  • Building Style: Other (see remarks)
  • Bedroom 1 Level: Main
  • Special Features: None

Interior Features

  • Common Walls: No
  • Living Area Units: Square Feet
  • Bedrooms: 2
  • Bedroom 1: (1st) Bedroom
  • Bedroom 2: (2nd) Bedroom
  • Bedroom 3: No
  • Bedroom 4: No
  • Total Bathrooms: 1
  • Basement: Partial, Crawl Space
  • Dining Room: Dining Room
  • Family Room: No
  • Kitchen: Kitchen
  • Kitchen Level: Main
  • Living Room: Living Room
  • Price Per S Q F T: 37.98
  • Above Grade Finished Sq Ft: 1040
  • Below Grade Total Sq Ft: 320
  • Fireplace: No
  • Total Finished Sq Ft: 1040
  • Bedroom 2 Level: Main
  • Dining Room Level: Main
  • Living Room Level: Main

Exterior Features

  • Exterior: Other

Garage/Parking

  • Description: Carport
  • Fuel: Natural Gas

Utilities

  • Air Conditioner: Window
  • Heating: Forced Air
  • Water: City Water/Connected

Fee Information

  • Tax Class: SINGLE FAMILY

Lot Info

  • New Develop: No
  • Acres: 0.25
  • Geo Update Timestamp: 2022-10-06
  • Assessment Pending: Unknown
  • Homestead Description: Owner
  • Lot Dimensions: 60 x 180
  • Lot Size Sq Ft: 10890
  • Lot Size Units: Acres
  • Zoning: Residential-Single Family

Rental Info

  • Rental License: No

Tax Info

  • Tax Year: 2022
  • Gross Taxes: 612
  • Net Taxes: 382

MLS Schools

  • School District: 5463 - Red Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Nov 3, 2022
Sold by
Hart Robert D and Hart Leslie
Bought by
Svendsen Steven J
Seller's Agent
Rhonda Byers
McIntyre Real Estate LLC
Buyer's Agent
Rhonda Byers
McIntyre Real Estate LLC
List Price
$39,500
Sold Price
$39,500
Current Estimated Value
$56,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,851
Avg. Annual Appreciation
12.06%
Original Mortgage
$37,525
Outstanding Balance
$36,355
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$19,996

Purchase Details

Closed on
Oct 31, 2006
Sold by
Hart Ronald D and Hart Tressie D
Bought by
Hart Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,200
Interest Rate
6.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Svendsen Steven J $39,500 Midwest Title
Hart Robert D $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Svendsen Steven J $37,525
Previous Owner Hart Robert D $34,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2022 11/14/22 Sold $39,500 0.0% $38 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $39,500 -- $38 / 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
2025 $612 $38,080 $10,080 $28,000
2024 $612 $36,270 $6,720 $29,550
2023 $744 $36,270 $6,720 $29,550
2022 $698 $27,550 $6,720 $20,830
2021 $382 $27,550 $6,720 $20,830
2020 $382 $26,250 $6,720 $19,530
2019 $450 $26,250 $6,720 $19,530
2018 $426 $28,850 $0 $0
2017 $426 $28,850 $0 $0
2015 $402 $28,850 $0 $0
2014 $284 $23,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Rhonda Byers

    McIntyre Real Estate LLC

    (712) 215-0448

    6 in this area

    68 Total Sales

    Rhonda Byers
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Map

Source: NoCoast MLS

MLS Number: NOC6303138

NoCoast MLS

APN: 600-62-81-350110-00

Iowa Montgomery County Red Oak 51566

507 E Prospect St, Red Oak, IA

Not Listed for Sale

Detached

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