$80,000
SOLD AUG 21, 2025

508 E 1st St Spencer, IA 51301

1 Bed
1 Bath
683 Sq Ft
4,049 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

17 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Patio
  • Dining Room
  • Spencer Middle School Rated 9+
  • Bathroom on Main Level
  • 1-Story Property

About This Home

As of August 2025

Affordable! —a compact and efficient home that offers big potential in a small footprint. This one-bedroom, one-bath home with an additional office space is ideal for someone seeking simplicity and convenience. Whether you're a minimalist, a weekend commuter, or an investor looking for a smart rental opportunity, this property fits the bill. Make this tiny treasure yours!

Last Agent to Sell the Property

Kelly Bierl

Hometown Realty License #B64536 Listed on: 06/20/2025

Last Buyer's Agent

Kelly Bierl

Hometown Realty License #B64536 Listed on: 06/20/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,074

Year Built

  • Built in 1900

Home Design

  • Frame Construction
  • Asphalt Roof
  • Block Exterior
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 683 Sq Ft Home
  • 1-Story Property
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • 4,049 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 963618209006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,074

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Attached: No
  • Type: Single Family Residence
  • Year Built: 1900
  • Levels: One
  • Stories: 1
  • Architectural Style: Ranch
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Main Floor Bedrooms
  • Total Bedrooms: 1
  • Total Bathrooms: 1
  • Bathroom Description: Main Floor Full Bath
  • Full Bathrooms: 1
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Dining Room: Separate
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Price Per S Q F T: 117.13
  • Total Sq Ft: 683
  • Above Grade Finished: 683
  • Finished Sq Ft: 683
  • Basement Features: Unfinished

Exterior Features

  • Construction: Frame/Wood, Stick Built
  • Construction Materials: Block, Vinyl Siding
  • Exterior Features: Patio
  • Flood Zone: No
  • Road Frontage Type: Curbs & Gutters, Sidewalks
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Type: None

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public/City
  • Electric: Breakers

Lot Info

  • Parcel Number: 963618209006
  • Estimated Acres: 0.09
  • Estimated Lot Dimensions: .
  • Lot Sq Ft: 4049

Rental Info

  • Furnished: No

Tax Info

  • Tax Amount: 1074
  • Tax Classification: Homestead
  • Tax Year: 2023

MLS Schools

  • School District: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2025
Closed on
Aug 18, 2025
Sold by
Norgaard Thomas V and Norgaard Sharon K
Bought by
Thompson Layla M
Seller's Agent
Kelly Bierl
Hometown Realty
Buyer's Agent
Kelly Bierl
Hometown Realty
List Price
$80,000
Sold Price
$80,000
Views
38
Current Estimated Value
$82,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,679
Avg. Annual Appreciation
9.87%
Original Mortgage
$3,000
Outstanding Balance
$2,815
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$79,864
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $80,000 None Listed On Document
Warranty Deed $80,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000 New Conventional
Closed $3,000 New Conventional
Open $78,551 FHA
Closed $78,551 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2025 08/21/25 Sold $80,000 0.0% $117 / Sq Ft
07/07/2025 07/07/25 Pending -- -- --
06/20/2025 06/20/25 For Sale $80,000 -- $117 / Sq Ft
Source: Iowa Great Lakes 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
2025 $1,110 $78,070 $24,700 $53,370
2024 $1,110 $69,390 $19,050 $50,340
2023 $1,074 $69,390 $19,050 $50,340
2022 $998 $59,800 $19,050 $40,750
2021 $966 $55,870 $19,050 $36,820
2020 $966 $51,290 $16,230 $35,060
2019 $800 $43,610 $0 $0
2018 $776 $42,900 $0 $0
2017 $776 $42,330 $0 $0
2016 $794 $42,330 $0 $0
2015 $738 $39,360 $0 $0
2014 $716 $39,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 250771

Iowa Great Lakes Board of REALTORS®

APN: 9636-18-209-006