NOT LISTED FOR SALE

508 2nd Ave SW Independence, IA 50644

Estimated Value: $204,000 - $316,000

3 Beds
2 Baths
1,746 Sq Ft
$150/Sq Ft Est. Value

Last Sold June 20, 2022

Last sale price $283,250 $162 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,828/month

Highlights

  • River Front
  • Forced Air Heating and Cooling System
  • Heated Garage
  • Wood Burning Stove
  • Wood Siding

About This Home

As of June 2022

508 2nd Ave SW, Independence, IA 50644

Last Listed By

Sheena Canady

Oakridge Real Estate License #S70117000 Listed on: 05/15/2022

Oakridge Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1880

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 66x234
  • River Front
  • Property is zoned A-1

Home Design

  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,746 Sq Ft Home
  • Wood Burning Stove
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Garage
  • Heated Garage

Schools

  • Independence Elementary And Middle School
  • Independence High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1004426003

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,000

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Parcel Number: 1004426003
  • Year Built: 1880
  • Property Sub-Type: Single Family Residence
  • ResoLotFeatures: River Front
  • Lot Size Acres: 0.355
  • Road Surface Type: Concrete
  • Co List Office Phone: 319-277-5005
  • MLS Status: Closed
  • Reso Fireplace Features: Wood Burning Stove
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 1746
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • BelowGradeArea: 0

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: 3 or More Stalls, Heated Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Independence
  • High School: Independence
  • Middle Or Junior School: Independence

Lot Info

  • Zoning: A-1
  • Lot Dimensions: 66x234
  • Lot Size Sq Ft: 1746
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2022
Closed on
Jun 15, 2022
Sold by
Smith Scott W and Smith Carol A
Bought by
Henry Michael W and Henry Amanda Nichole
Seller's Agent
Sheena Canady
Oakridge Real Estate
List Price
$283,500
Sold Price
$283,250
Premium/Discount to List
-$250
-0.09%
Total Days on Market
0
Current Estimated Value
$261,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,702
Avg. Annual Appreciation
-1.61%
Original Mortgage
$254,925
Outstanding Balance
$243,124
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$26,745

Purchase Details

Closed on
May 31, 2006
Sold by
Lentzkow Judy K
Bought by
Smith Scott W and Smith Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Henry Michael W $283,500 None Listed On Document
Smith Scott W $160,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henry Michael W $52,653
Closed Henry Michael W $37,827
Open Henry Michael W $254,925
Previous Owner Smith Scott W $132,000
Previous Owner Lentzkow Judy $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Sold $283,250 -0.1% $162 / Sq Ft
05/15/2022 05/15/22 Pending -- -- --
05/15/2022 05/15/22 For Sale $283,500 -- $162 / Sq Ft
Source: Northeast 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 $4,380 $244,380 $23,550 $220,830
2023 $4,380 $244,380 $23,550 $220,830
2022 $3,844 $191,600 $18,690 $172,910
2021 $3,898 $191,600 $18,690 $172,910
2020 $3,898 $180,050 $17,130 $162,920
2019 $3,822 $180,050 $17,130 $162,920
2018 $3,660 $174,530 $17,130 $157,400
2017 $3,550 $174,530 $17,130 $157,400
2016 $3,492 $167,140 $9,270 $157,870
2015 $3,492 $167,140 $9,270 $157,870
2014 $3,562 $167,140 $9,270 $157,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20222789

Northeast Iowa Regional Board of REALTORS®

APN: 10.04.426.003