NOT LISTED FOR SALE

507 Locust St Tipton, IA 52772

Estimated Value: $170,000 - $221,000

4 Beds
2 Baths
1,806 Sq Ft
$108/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $135,000 $75 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,326/month

31 Days on Market

Highlights

  • Deck
  • Formal Dining Room
  • Eat-In Kitchen
  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Cooling System

About This Home

As of July 2015

Very nice 1 story home with a total restoration. All new windows, doors, heat & central air. Updated electrical, all walls textured and repainted. New oak kitchen with breakfast bar. New black appliances in kitchen. New roof and siding. Added 2 egress windows to basement for bedrooms. New ceramic tile shower and bath in basement. New tub and ceramic tile surround on main. All new flooring and carpet on main. Ceramic tile floor in basement. New cement patio, garage door and more. Beautiful home!

Last Listed By

Kenneth Crock

Aavantis Real Estate Listed on: 06/28/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,748

Year Built

  • 1935

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 147

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom located on second floor

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,748

Year Built

1935

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.1600
  • Above Grade Finished Sq Ft: 956
  • Total Bathrooms: 2.00
  • Lower Level Bedroom: 2
  • Total Bedrooms: 4
  • City Name: Tipton
  • Dining Features: Breakfast Bar, Eat-In Kitchen, Formal Dining
  • Gross Tax: 1748
  • List User Cell Phone: 563-889-0029
  • Low Lvl Fin Sq Ft: 850
  • Miscellaneous: Deck, Patio
  • Net Tax: 1748
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Sq Ft: 141.21
  • Total Sq Ft: 1806
  • Tax Roll Number: 048010012310080
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: RES
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1935

Interior Features

  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Water Heater – Electric
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Wood Burning, Living Room
  • Level 1 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Room Count: 8

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Detached
  • Garage Size: 24X26

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Schools

  • Elementary School: Tipton
  • Middle School: Tipton
  • High School: Tipton

Lot Info

  • Lot Size: 50 X 147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2015
Closed on
Jul 25, 2015
Sold by
Greene Brice A and Greene Shannon N
Bought by
Wehmeyer Kory K and Proctor Kaylee
Seller's Agent
Kenneth Crock
Aavantis Real Estate
Buyer's Agent
Kenneth Crock
Aavantis Real Estate
List Price
$135,000
Sold Price
$135,000
Total Days on Market
31
Current Estimated Value
$195,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,599
Avg. Annual Appreciation
3.93%
Original Mortgage
$137,755
Outstanding Balance
$110,354
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$86,660

Purchase Details

Listed on
Sep 16, 2014
Closed on
Dec 18, 2014
Sold by
Fannie Mae
Bought by
Greene Brice
Seller's Agent
Lisa Heckman
REAL ESTATE RESOURCE ASSOCIATES
Buyer's Agent
NON-MEMBER AGENT
RUHL & RUHL REALTORS,INC.
List Price
$41,900
Sold Price
$29,000
Premium/Discount to List
-$12,900
-30.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1197.86%

Purchase Details

Closed on
May 14, 2007
Sold by
Pedersen Zachary A and Pedersen Sarah
Bought by
Burmeister Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.22%
Mortgage Type
New Conventional

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
Wehmeyer Kory K $135,000 None Available
Greene Brice -- None Available
Burmeister Mark $92,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wehmeyer Kory K $137,755
Previous Owner Burmeister Mark $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2015 07/29/15 Sold $135,000 0.0% $75 / Sq Ft
07/29/2015 07/29/15 Pending -- -- --
06/28/2015 06/28/15 For Sale $135,000 +365.5% $75 / Sq Ft
12/22/2014 12/22/14 Sold $29,000 -30.8% $30 / Sq Ft
12/04/2014 12/04/14 Pending -- -- --
09/16/2014 09/16/14 For Sale $41,900 -- $44 / Sq Ft
Source: Cedar Rapids 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 $2,906 $186,740 $13,750 $172,990
2023 $2,906 $179,210 $13,750 $165,460
2022 $2,592 $140,730 $11,250 $129,480
2021 $2,406 $140,730 $11,250 $129,480
2020 $2,262 $133,530 $11,250 $122,280
2019 $2,224 $128,610 $11,250 $122,280
2018 $2,154 $128,610 $0 $0
2017 $2,154 $119,030 $0 $0
2016 $1,742 $94,610 $0 $0
2015 $1,778 $93,720 $0 $0
2014 $1,778 $93,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1505137

Cedar Rapids Area Association of REALTORS®

APN: 0480-10-01-231-008-0