NOT LISTED FOR SALE

510 S Jefferson Way Indianola, IA 50125

Estimated Value: $179,000 - $244,000

-- Bed
2 Baths
2,095 Sq Ft
$99/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $188,000 $90 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,349/month

174 Days on Market

Highlights

  • 2 Kitchens
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Storage
  • 3-minute walk to Barker Park

About This Home

As of December 2023

Excellent investment or owner-occupied opportunity. This well-maintained 2 unit conversion has a great location. Both units have been updated and improved thru-out the years and have long-term tenants already in place. If you are looking to expand your portfolio or are looking for your first rental, this is the place for you! Solid rental history w/ value-add potential.

Last Agent to Sell the Property

Tanner Loyd

Iowa Realty Indianola Listed on: 05/16/2023

Iowa Realty Indianola

Last Buyer's Agent

Misty Darling

BH&G Real Estate Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,687

Year Built

  • Built in 1900

Lot Details

  • 10,686 Sq Ft Lot
  • Lot Dimensions are 78x137

Home Design

  • Duplex
  • Brick Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 2,095 Sq Ft Home
  • 1.5-Story Property
  • Storage
  • Laundry Room
  • 2 Kitchens
  • Unfinished Basement

Parking

  • 1 Car Attached Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 48300060050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,687

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 1.5 Story, Duplex
  • Lp Amt Sq Ft: 90.69
  • Sp Amt Sq Ft: 89.74
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Dishwashers: 1
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 1
  • Third Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 214
  • Kitchens: 2
  • Laundry: Yes
  • Storage: Yes
  • Half Bathrooms: 1
  • Living Area Sq Ft: 2095
  • Total Sq Ft: 2095

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Concrete
  • Garage: 1 Attached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central, Window Unit
  • Heat: Electric Baseboard, Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Indianola

Lot Info

  • Acres: 0.2450
  • Lot S F: 10686
  • Lot Size: 78X137
  • Assessor Parcel Number: 48300060050
  • Zoning: Res

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Tenant, Water Tenant

Tax Info

  • Gross Taxes: 2687.00
  • Net Taxes: 2498.00

MLS Schools

  • School District: Indianola

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
May 20, 2022
Sold by
Luana Savings Bank
Bought by
Paul David Brian and Paul Hannah
Seller's Agent
Bryan York
RE/MAX Concepts
Buyer's Agent
Ben Grotzke
LPT Realty, LLC
List Price
$184,900
Sold Price
$179,000
Premium/Discount to List
-$5,900
-3.19%
Current Estimated Value
$206,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,469
Avg. Annual Appreciation
4.50%
Original Mortgage
$134,250
Outstanding Balance
$127,899
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$78,570

Purchase Details

Closed on
Sep 10, 2021
Sold by
Luethje Nathan Jon and Luethje Lara C
Bought by
Luana Savings Bank

Purchase Details

Listed on
Nov 2, 2018
Closed on
Mar 19, 2019
Sold by
Layland Kimberly and Layland Kim S
Bought by
Luethje Nathan
Seller's Agent
Kim Layland
RE/MAX Precision
Buyer's Agent
Scott Venteicher
RE/MAX Concepts
List Price
$145,000
Sold Price
$130,000
Premium/Discount to List
-$15,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$134,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 4, 2009
Sold by
Layland John
Bought by
Layland Kimberly
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
Paul David Brian $179,000 None Listed On Document
Luana Savings Bank -- None Available
Luethje Nathan $130,000 None Available
Layland Kimberly -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul David Brian $134,250
Previous Owner Luethje Nathan $134,000
Previous Owner Layland Kim $46,486
Previous Owner Layland Kimberly $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $188,000 -1.1% $90 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
09/27/2023 09/27/23 Price Changed $190,000 -2.3% $91 / Sq Ft
08/02/2023 08/02/23 Price Changed $194,500 -2.8% $93 / Sq Ft
05/16/2023 05/16/23 For Sale $200,000 +11.7% $95 / Sq Ft
05/31/2022 05/31/22 Sold $179,000 -3.2% $85 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $184,900 0.0% $88 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $184,900 +42.2% $88 / Sq Ft
03/22/2019 03/22/19 Sold $130,000 -10.3% $62 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
11/02/2018 11/02/18 For Sale $145,000 -- $69 / Sq Ft
Source: Des Moines Area Association 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 $2,688 $149,900 $18,900 $131,000
2023 $2,714 $149,900 $18,900 $131,000
2022 $2,498 $127,400 $18,900 $108,500
2021 $2,462 $127,400 $18,900 $108,500
2020 $2,462 $118,900 $18,900 $100,000
2019 $2,554 $118,900 $18,900 $100,000
2018 $2,444 $0 $0 $0
2017 $2,310 $0 $0 $0
2016 $2,256 $104,100 $0 $0
2015 $2,256 $0 $0 $0
2014 $2,262 $104,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tanner Loyd

    Seller's Agent in 2023

    Tanner Loyd

    Iowa Realty Indianola

    (515) 453-5294

    34 in this area

    117 Total Sales

    Tanner Loyd
    Section Image
  • Misty Darling

    Buyer's Agent in 2023

    Misty Darling

    BH&G Real Estate Innovations

    (515) 414-0059

    228 in this area

    1,881 Total Sales

    Misty Darling
    Section Image
  • Bryan York

    Seller's Agent in 2022

    Bryan York

    RE/MAX

    (515) 318-1869

    3 in this area

    243 Total Sales

    Bryan York
    Section Image

  • B

    Buyer's Agent in 2022

    Ben Grotzke

    LPT Realty, LLC

    (515) 745-0425

    1 in this area

    60 Total Sales

    Ben Grotzke
    Section Image

  • K

    Seller's Agent in 2019

    Kim Layland

    RE/MAX

    Section Image
  • Scott Venteicher

    Buyer's Agent in 2019

    Scott Venteicher

    RE/MAX

    (515) 868-1182

    2 in this area

    181 Total Sales

    Scott Venteicher
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 673322

Des Moines Area Association of REALTORS®

APN: 48300060050

Iowa Warren County Indianola 50125

510 S Jefferson Way, Indianola, IA

This home is located at 510 S Jefferson Way, Indianola, IA 50125 since 16 May 2023 and is currently estimated at $206,469, approximately $98 per square foot. This property was built in 1900. 510 S Jefferson Way is a home located in Warren County with nearby schools including Indianola 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.

Des Moines Area Association of REALTORS® 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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