NOT LISTED FOR SALE

508 N 5th St Clinton, IA 52732

Estimated Value: $62,638 - $86,000

4 Beds
2 Baths
1,664 Sq Ft
$43/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $20,000 $12 Per Sq Ft

Est. 257% increase in value since last sale

Current estimated payment $465/month

93 Days on Market

About This Home

As of May 2020

Good rental history. Both units currently occupied. Appliances can stay in both units. Unit 1 is the main level unit. Has a good sized living room with a kitchen and informal dining room. One bedroom in the front and the other in the back. 2 Car garage is included in the rent of lower unit. Tenant Pays own Electricity. Unit 2 is the upstairs unit. Has a good sized living room and eat in kitchen. 2 bedrooms in the back of the unit with a full bath. Tenants take care of snow removal and lawn mowing. Property was originally a single family residence and could easy be converted back. New roof in 2010 and new furnace in 2014. Garage will be painted in the spring. Excellent cash flow opportunity. Property is being sold because of owner's health.

Last Agent to Sell the Property

Charlotte Courtney

Mel Foster Co. Clinton License #B62454000/471.021655 Listed on: 01/08/2020

Mel Foster Co. Clinton

Last Buyer's Agent

Mary Nolan

Cavanagh Realty, LLC. License #S58637000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,920

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Clinton High School

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: Pearce's Addn N 60' of Lot 18 & N 60' OFLOT 19BLK
  • Lvt Date: 01/10/2020
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Price Per Sq Ft: 12.02
  • Total Sq Ft: 1664

Exterior Features

  • Exterior: Wood Siding
  • Road Access: Curbs & Gutters, Paved

Garage/Parking

  • Garage Parking: Detached
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Gas Expense: 1200
  • Laundry Facilities: No Laundry Equipment
  • Water Sewer Expenses: 1200

Schools

  • High School: Clinton High
  • High School: Clinton High

Lot Info

  • Estimated Lot Size: 60'-66'-60'-71'
  • Estimated Number of Acres: 0.094
  • Lot Description: Level
  • Subdivision: Pearce
  • Geo Subdivision: IA

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 9600

Tax Info

  • Annual Taxes: 1014
  • Parcel Id Number Tax Id: 80-52290000
  • Tax Year: 2016

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 9600
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2020
Closed on
May 15, 2020
Sold by
Weis Joseph B
Bought by
Lindquist Melissa D
Seller's Agent
Charlotte Courtney
Mel Foster Co. Clinton
Buyer's Agent
Mary Nolan
Cavanagh Realty, LLC.
List Price
$25,000
Sold Price
$20,000
Premium/Discount to List
-$5,000
-20%
Current Estimated Value
$71,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,410
Avg. Annual Appreciation
26.58%
Original Mortgage
$16,000
Outstanding Balance
$14,178
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$57,232
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
Lindquist Melissa D $20,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindquist Melissa D $16,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $20,000 -20.0% $12 / Sq Ft
04/10/2020 04/10/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $25,000 -- $15 / Sq Ft
Source: RMLS Alliance

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 $1,014 $47,050 $7,920 $39,130
2023 $864 $47,050 $7,920 $39,130
2022 $930 $42,513 $5,900 $36,613
2021 $982 $42,513 $5,900 $36,613
2020 $982 $42,513 $5,900 $36,613
2019 $1,014 $42,513 $0 $0
2018 $986 $42,513 $0 $0
2017 $1,014 $42,513 $0 $0
2016 $982 $42,513 $0 $0
2015 $982 $42,513 $0 $0
2014 $986 $42,513 $0 $0
2013 $972 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charlotte Courtney

    Seller's Agent in 2020

    Charlotte Courtney

    [Mel Foster Brand]

    (563) 249-9170

    89 Total Sales

    Charlotte Courtney
    Section Image

  • M

    Buyer's Agent in 2020

    Mary Nolan

    Cavanagh Realty, LLC.

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAQC4208661

RMLS Alliance

APN: 80-5229-0000

Iowa Clinton County Clinton 52732

508 N 5th St, Clinton, IA

This home is located at 508 N 5th St, Clinton, IA 52732 since 08 January 2020 and is currently estimated at $71,410, approximately $42 per square foot. This property was built in 1900. 508 N 5th St is a home located in Clinton County with nearby schools including Jefferson Elementary School, Clinton Middle School, and Clinton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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