NOT LISTED FOR SALE

Estimated Value: $27,351 - $218,000

7 Beds
4 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold February 01, 2018

Last sale price $20,500

Est. 389% increase in value since last sale

Current estimated payment $657/month

148 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating System
  • 1-minute walk to Riverfront Park

About This Home

As of February 2018

2 story, 4 unit building on W 3rd St. Includes 2 units at both 509 & 511 W 3rd St. Washer & dryer hookup on main floor of both sides. Main floor bedrooms in 511 have some newer windows. Separate utilities, good income stream. Owner has 2 other multi-unit properties for sale as well. 3 properties (Listing # 09221679, 09736330, and 09736306) totaling 10 income-producing units could be purchased together for $103,900. Call for details!

Last Agent to Sell the Property

Nancy Fritts

Heartland Realty 11 LLC License #475143626 Listed on: 08/28/2017

Last Buyer's Agent

James Smith

Heartland Realty 11 LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x75x45x75x15x150

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 60X75X45X75X15X150
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 2245.7
  • Tax Year: 2016

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Feb 1, 2018
Sold by
Heaton Trust
Bought by
Kerchner Neil and Kerchner Brenda L
Seller's Agent
Nancy Fritts
Heartland Realty 11 LLC
Buyer's Agent
James Smith
Heartland Realty 11 LLC
List Price
$42,000
Sold Price
$20,500
Premium/Discount to List
-$21,500
-51.19%
Current Estimated Value
$100,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,838
Avg. Annual Appreciation
22.30%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kerchner Neil $20,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2018 02/01/18 Sold $20,500 -31.7% --
01/23/2018 01/23/18 Pending -- -- --
01/10/2018 01/10/18 Price Changed $30,000 -14.3% --
01/10/2018 01/10/18 Price Changed $35,000 -16.7% --
08/28/2017 08/28/17 For Sale $42,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $1,554 $16,959 $3,957 $13,002
2023 $1,446 $15,558 $3,630 $11,928
2022 $1,340 $14,016 $3,270 $10,746
2021 $1,253 $12,978 $3,028 $9,950
2020 $1,206 $12,360 $2,884 $9,476
2019 $1,101 $11,220 $2,754 $8,466
2018 $1,002 $11,000 $2,700 $8,300
2017 $1,288 $13,390 $3,090 $10,300
2016 $2,246 $23,230 $4,040 $19,190
2015 $2,153 $23,230 $4,040 $19,190
2014 $2,116 $23,230 $4,040 $19,190
2013 $2,308 $25,887 $4,296 $21,591
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09736306

Midwest Real Estate Data (MRED)

APN: 07-08-05-184-008