NOT LISTED FOR SALE

508 E 2nd St Spencer, IA 51301

Estimated Value: $73,000 - $89,000

2 Beds
1 Bath
864 Sq Ft
$97/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $75,000 $87 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $526/month

2 Days on Market

Highlights

  • Raised Ranch Architecture
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Spencer Middle School Rated 9+
  • Eat-In Kitchen
  • Bathroom on Main Level

About This Home

As of August 2023

Appreciating Asset! Acquire one with this move-in ready 2 Bedroom, 1 Bathroom Ranch Home with 1 car detached garage and additional parking off the alley way close to the High School & walking trails. Dispatch your dollars here! A/C & Roof 2020 & Freshly painted exterior.

Last Agent to Sell the Property

Kelly Bierl

Hometown Realty License #B64536 Listed on: 07/12/2023

Last Buyer's Agent

Kate Padilla

eXp Realty LLC License #S68295

eXp Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,018

Year Built

  • Built in 1900

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x125

Parking

  • 1 Car Detached Garage

Home Design

  • Raised Ranch Architecture
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 963618207003

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,018

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

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

Interior Features

  • Interior Amenities: Eat-in Kitchen, Main Floor Bedrooms
  • Total Bedrooms: 2
  • Total Bathrooms: 1
  • Bathroom Description: Main Floor Full Bath
  • Full Bathrooms: 1
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Dining Room: Combine with Kitchen, Eat-in
  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Price Per S Q F T: 86.81
  • Total Sq Ft: 864
  • Above Grade Finished: 864
  • Fireplace: No
  • Finished Sq Ft: 864
  • Basement Features: Unfinished

Exterior Features

  • Construction: Frame/Wood, Stick Built
  • Construction Materials: Wood Siding
  • Exterior Features: Driveway-Gravel
  • Flood Zone: No
  • Road Frontage Type: City Street, Curbs & Gutters, Paved, Sidewalks
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Type: Detached
  • Garage Spaces: 1

Utilities

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

Schools

  • School District: Spencer

Lot Info

  • Parcel Number: 963618207003
  • Estimated Acres: 0.14
  • Estimated Lot Dimensions: 50x125
  • Lot Sq Ft: 6250

Rental Info

  • Furnished: No

Tax Info

  • Tax Amount: 1018
  • Tax Classification: Homestead
  • Tax Year: 2022

MLS Schools

  • School District: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Oct 11, 2018
Sold by
Peterson Jacob R
Bought by
Hentges Gordon and Hentges Frances
Seller's Agent
Katie Muhlbauer
Integrity Real Estate
Buyer's Agent
Katie Muhlbauer
Integrity Real Estate
List Price
$59,900
Sold Price
$51,000
Premium/Discount to List
-$8,900
-14.86%
Current Estimated Value
$83,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,504
Avg. Annual Appreciation
6.69%

Purchase Details

Listed on
Jan 29, 2018
Closed on
Mar 15, 2018
Sold by
Darr Properties Llc
Bought by
Peterson Jacob R
Seller's Agent
Greg Haack
Hometown Realty
Buyer's Agent
Katie Muhlbauer
Integrity Real Estate
List Price
$52,000
Sold Price
$52,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.24%
Original Mortgage
$50,440
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2008
Sold by
Warner Cory A and Warner Gerri A
Bought by
Darr Joseph W and Darr Beverly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
6.01%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Hentges Gordon $51,000 --
Peterson Jacob R $51,500 --
Darr Joseph W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Jacob R $50,440
Previous Owner Darr Joseph W $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $75,000 -2.6% $87 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $77,000 +51.0% $89 / Sq Ft
11/02/2018 11/02/18 Sold $51,000 -14.9% $59 / Sq Ft
10/10/2018 10/10/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $59,900 +15.2% $69 / Sq Ft
03/30/2018 03/30/18 Sold $52,000 0.0% $60 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $52,000 -- $60 / 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
2024 $1,006 $73,020 $13,100 $59,920
2023 $1,130 $73,020 $13,100 $59,920
2022 $1,018 $61,420 $13,100 $48,320
2021 $1,006 $56,930 $13,100 $43,830
2020 $1,006 $53,420 $11,160 $42,260
2019 $672 $45,120 $0 $0
2018 $588 $32,600 $0 $0
2017 $610 $32,240 $0 $0
2016 $604 $32,240 $0 $0
2015 $570 $30,420 $0 $0
2014 $570 $30,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa Great Lakes Board of REALTORS®

MLS Number: 230776

Iowa Great Lakes Board of REALTORS®

APN: 9636-18-207-003