NOT LISTED FOR SALE

507 Terrence St Storm Lake, IA 50588

Estimated Value: $179,000 - $197,638

4 Beds
2.5 Baths
2,070 Sq Ft
$91/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $160,000 $77 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,354/month

Highlights

  • 2 Car Detached Garage
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

Looking for a nice 4 bedroom 2.5 bath home located close to the college and the lake? Look no further! 507 Terrence has a lot to offer! With over 1,345 of finished living space you will have plenty of room to entertain family and guests. It offers beautiful hardwood floors, two fireplaces, and a main floor bedrooms as well as two bedrooms on the second floor. Be sure to check out the 3D virtual tour!

Last Agent to Sell the Property

Robert Bauer

Compass Real Estate of NW IA License #S61309 Listed on: 07/18/2022

Compass Real Estate of NW IA

Last Buyer's Agent

Gabriela Huato

Signature Real Estate Group of Iowa

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,985

Year Built

  • Built in 1950

Lot Details

  • 7,890 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Shingle Roof
  • Steel Siding

Interior Spaces

  • 1.5-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2.5 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Storm Lake Elementary And Middle School
  • Storm Lake High School

Utilities

  • Forced Air Heating and Cooling System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 19021-14-04-278-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,985

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Class: Residential
  • Type: Residential
  • Style: 1 1/2 Story
  • Legal Description: 15-02 STORM LAKE CORP HAYES THOMAS L.V. ADD. & W 1/2 ADJ VAC ALLEY
  • Year Built: 1950
  • School Middle Junior: Storm Lake
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.5
  • Basement: Full
  • Basement Rooms: 3/4 Bath, Laundry, Living
  • Main Level Rooms: Bedroom, Full Bath, Kitchen, Living
  • Second Level Rooms: Bedroom
  • Total Sq Ft: 2070
  • Main Level Sq Ft: 868
  • Sq Ft Above Grade: 1345
  • Sq Ft Below Grade Finishe: 725
  • Sq Ft Below Grade Total: 868
  • Sq Ft Below Grade Unfinis: 143
  • Price Per Sq Ft: 118.96

Exterior Features

  • Exterior: Steel
  • Roof: Shingle

Garage/Parking

  • Garage Type: Detached
  • Internet: Yes
  • Driveway: Concrete
  • Garage Spaces: 2

Utilities

  • Air Conditioning Type: Central
  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Type: City
  • Water Type: City

Schools

  • Elementary School: Storm Lake
  • Middle School: Storm Lake
  • High School: Storm Lake

Lot Info

  • Acres: 0.18
  • Lot Sq Ft: 7890
  • Parcel Number: 19021-14-04-278-008

Tax Info

  • Year: 2020
  • Gross Taxes: 2985
  • Tax Database Id: 1
  • Assessor Parcel Number: 19021-14-04-278-008

MLS Schools

  • School Elementary: Storm Lake
  • School High: Storm Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 12, 2022
Sold by
Mclain Joseph D and Taren Colleen
Bought by
Martinez Eva De La Mora
Seller's Agent
Robert Bauer
Compass Real Estate of NW IA
Buyer's Agent
Gabriela Huato
Signature Real Estate Group of Iowa
List Price
$165,000
Sold Price
$160,000
Premium/Discount to List
-$5,000
-3.03%
Current Estimated Value
$188,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,910
Avg. Annual Appreciation
5.73%
Original Mortgage
$152,000
Outstanding Balance
$146,195
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$43,015

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 2, 2018
Sold by
Lucht Larry and Lucht Barbara A
Bought by
Mclain Joseph D
Seller's Agent
Joseph Aube
Real Estate Specialists
Buyer's Agent
Robert Bauer
Compass Real Estate of NW IA
List Price
$146,900
Sold Price
$143,000
Premium/Discount to List
-$3,900
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.56%
Original Mortgage
$114,400
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2018
Sold by
Security T & Sb
Bought by
Lucht Larry and Lucht Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Paterson Brad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,723
Interest Rate
5.16%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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
Martinez Eva De La Mora $160,000 --
Mclain Joseph D $142,500 --
Lucht Larry -- --
Paterson Brad -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Eva De La Mora $152,000
Previous Owner Mclain Joseph D $114,400
Previous Owner Lucht Larry $70,000
Previous Owner Paterson Brad $85,723
Previous Owner Falck Chad L $27,500
Previous Owner Falck Chad L $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $160,000 -3.0% $77 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $165,000 +15.4% $80 / Sq Ft
04/04/2018 04/04/18 Sold $143,000 -2.7% $106 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $146,900 -- $109 / Sq Ft
Source: Northwest Iowa Regional Board 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 $3,992 $191,480 $15,000 $176,480
2023 $3,080 $191,480 $15,000 $176,480
2022 $2,986 $146,880 $15,000 $131,880
2021 $2,986 $146,880 $15,000 $131,880
2020 $2,732 $131,140 $15,000 $116,140
2019 $2,752 $131,140 $15,000 $116,140
2018 $2,138 $135,130 $12,480 $122,650
2017 $2,138 $107,070 $12,480 $94,590
2016 $2,092 $104,310 $12,480 $91,830
2015 $2,092 $100,300 $0 $0
2014 $1,966 $100,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 818057

Northwest Iowa Regional Board of REALTORS®

APN: 14-04-278-008