NOT LISTED FOR SALE

508 E Boone St Marshalltown, IA 50158

Estimated Value: $96,000 - $108,000

Studio
4 Baths
2,426 Sq Ft
$41/Sq Ft Est. Value

Last Sold March 20, 2024

Last sale price $95,000 $39 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $656/month

3 Days on Market

About This Home

As of March 2024

Attention investors, 4 plex fully rented! 3 apartments with 1 bed, 1 apartment 2 beds, 4 full baths. Tenant Pays Electric and Gas. Each unit has their own furnace, water heater, and electric box. Owner pays the parking light post electric expense: (Approximately $30./month.) Other owner expenses are taxes, insurance, trash removal, water, lawn/snow maintenance. Plenty of parking. Newer shed stays with property. Flower beds have been built in front for ease of mowing. Apt 1's cement stairway recently improved. Roof maintenance done in 2022. Location has been inspected by City. 1 year left on approval; transferable. Within walking distance of Laundry mats and Post Office. Large unfenced yard.

Last Agent to Sell the Property

Dianne Floyd

Premier Real Estate Listed on: 02/07/2024

Last Buyer's Agent

Melisa Fonseca

Premier Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,281

Year Built

  • Built in 1910

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60 x 180

Home Design

  • Quadruplex
  • Asphalt Shingled Roof
  • Block Exterior
  • Metal Siding

Interior Spaces

  • 2,426 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • Gravel Driveway
  • Uncovered Parking

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $2,760
  • Trash Expense $1,390
  • Gross Income $20,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,281

Year Built

Built in 1910

Lot Details

0.25 Acres

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Legal Description: LOT 10 BLK 9
  • Year Built: 1910
  • Stories: 2 Stories
  • Inspections: City Inspected
  • OFFICELIST_ADDRESS: 508 E Boone Street
  • Distribute To Internet: Yes
  • List Office I D: 394
  • Sales Office I D: 394
  • Selling Agent: 1689
  • Street Designation: Street
  • Building Style: Quadruplex
  • Unit 1 Air Conditioning: Window
  • Unit 1 Amenities: Kitchen Window, Ceiling Fan(s), Tile Floors
  • Unit 1 Appliances: Range, Cooktop, Microwave, Refrigerator
  • Unit 1 Bathrooms Description: Main Floor Full Bath
  • Unit 1 Dining Room Description: Living/Dining Room
  • Unit 1 Annual Rent: 4740
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Living Room Level: Main
  • Unit 1 Month Rent: 395
  • Unit 1 Number of Units: 1
  • Unit 1 Parking: 1
  • Unit 1 Rooms Total: 4
  • Unit 2 Air Conditioning: Window
  • Unit 2 Appliances: Range, Cooktop, Microwave, Refrigerator
  • Unit 2 Bathrooms Description: Main Floor Full Bath
  • Unit 2 Annual Rent: 4920
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Month Rent: 410
  • Unit 2 Number of Units: 2
  • Unit 2 Parking: 1
  • Unit 2 Rooms Total: 4
  • Unit 3 Air Conditioning: Window
  • Unit 3 Appliances: Range, Cooktop, Microwave, Refrigerator
  • Unit 3 Bathrooms Description: Main Floor Full Bath
  • Unit 3 Dining Room Description: Living/Dining Room
  • Unit 3 Annual Rent: 4920
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Total Bathrooms: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Month Rent: 410
  • Unit 3 Number of Units: 1
  • Unit 3 Parking: 1
  • Unit 3 Rooms Total: 4
  • Unit 4 Air Conditioning: Window
  • Unit 4 Appliances: Range, Cooktop, Microwave, Refrigerator
  • Unit 4 Bathrooms Description: Upper Level Full Bath
  • Unit 4 Dining Room Description: Living/Dining Room
  • Unit 4 Annual Rent: 5640
  • Unit 4 Bathrooms Full: 1
  • Unit 4 Total Bathrooms: 1
  • Unit 4 Month Rent: 470
  • Unit 4 Number of Units: 1
  • Unit 4 Parking: 1
  • Unit 4 Rooms Total: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Number of Ranges: Four
  • Basement: Full
  • Price Per S Q F T: 39.16
  • Above Grade Finished Sq Ft: 2426
  • Below Grade Finished Sq Ft: 1213
  • Below Grade Total Sq Ft: 1213
  • Fireplace: No
  • Total Finished Sq Ft: 2426

Exterior Features

  • Exterior: Metal
  • Fencing: None
  • Pool: None
  • Road Frontage: City Street
  • Roof: Asphalt Shingles
  • Construction Type: Block

Garage/Parking

  • Description: Uncovered/Open, Gravel Lot
  • Fuel: Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street
  • Water: City Water - In Street
  • Electric: Circuit Breakers

Association/Amenities

  • Complex/Development/Subdivision: ANDREWS ADD TO MARSHALL

Condo/Co-op/Association

  • Common Features: Security Deposit, Drapes/Curtains

Fee Information

  • Expense Electric: 360
  • Annual Expense: 7150.32
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.25
  • Geo Update Timestamp: 2024-02-07
  • Assessment Pending: No
  • Homestead Description: None
  • Lot Dimensions: 60 X 180
  • Lot Size Sq Ft: 10890
  • Lot Size Units: Acres

Rental Info

  • Rental License: Yes
  • Rental License Type: Standard

Multi Family

  • Expense Insurance: 2760
  • Expense Trash: 1390.32
  • Expense Water Sewer: 2640
  • Number Of Refrigerators: Four
  • Tenant Expenses: Electricity, Fuel
  • Total Units: 4

Tax Info

  • Tax Year: 2022
  • Gross Taxes: 1281
  • Net Taxes: 1281

MLS Schools

  • School District: 4104 - Marshalltown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Mar 20, 2024
Sold by
Love Adjei Investments Llc
Bought by
Aguirre Eduardo Monge and Sanchez Quenia Nunez
Seller's Agent
Dianne Floyd
Premier Real Estate
Buyer's Agent
Melisa Fonseca
Premier Real Estate
List Price
$95,900
Sold Price
$95,000
Premium/Discount to List
-$900
-0.94%
Views
6
Current Estimated Value
$100,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,142
Avg. Annual Appreciation
2.80%

Purchase Details

Listed on
Dec 10, 2021
Closed on
Feb 11, 2022
Sold by
Hessing Eric N and Hessing Love N
Bought by
Love Adjei Investments Llc
Seller's Agent
Melisa Fonseca
Alta Vista Real Estate
Buyer's Agent
Dianne Floyd
Premier Real Estate
List Price
$82,000
Sold Price
$80,000
Premium/Discount to List
-$2,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%
Original Mortgage
$60,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 10, 2021
Closed on
Jan 27, 2022
Sold by
Carbajal Samuel M and Carbajal Graciela L
Bought by
Hessing Eric and Adjei-Hessing Love N
Seller's Agent
Melisa Fonseca
Alta Vista Real Estate
Buyer's Agent
Dianne Floyd
Premier Real Estate
List Price
$82,000
Sold Price
$80,000
Premium/Discount to List
-$2,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Aguirre Eduardo Monge $95,000 None Listed On Document
Love Adjei Investments Llc -- None Listed On Document
Hessing Eric $80,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hessing Eric $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2024 03/20/24 Sold $95,000 -0.9% $39 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $95,900 +19.9% $40 / Sq Ft
01/31/2022 01/31/22 Sold $80,000 -2.4% $22 / Sq Ft View Prior Sale
12/15/2021 12/15/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $82,000 -- $23 / Sq Ft
Source: NoCoast MLS

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 $1,702 $77,020 $15,160 $61,860
2024 $1,702 $88,140 $15,160 $72,980
2023 $1,280 $88,140 $15,160 $72,980
2022 $1,526 $57,220 $7,160 $50,060
2021 $1,656 $57,220 $7,160 $50,060
2020 $1,655 $58,690 $7,160 $51,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6314504

NoCoast MLS

APN: 8418-35-233-016

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