NOT LISTED FOR SALE

512 3rd St SE Independence, IA 50644

Estimated Value: $74,000 - $135,000

2 Beds
2 Baths
1,008 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: November 15, 2021

Last sale price $54,000 $54 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $736 / mo

106 Days on Market

Highlights

  • Screened Porch
  • Forced Air Heating System
  • Garage

About This Home

As of November 2021

Lots of potential! Duplex with main floor 1 bedroom unit with laundry hook ups, Large living area, dining area and kitchen with stove and refrigerator included. Upper unit is 1 bedroom with large living area. Single stall garage. Steel roof new 3 years ago

Last Agent to Sell the Property

Kari Kremer

Berkshire Hathaway Home Services One Realty Centre License #B40559000 Listed on: 06/24/2021

Berkshire Hathaway Home Services One Realty Centre

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 13,695 Sq Ft Lot
  • Lot Dimensions are 83x165

Home Design

  • Duplex
  • Block Foundation
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Screened Porch
  • Stone Basement
  • Laundry on main level

Parking

  • Garage
  • 3 Open Parking Spaces
  • On-Street Parking

Schools

  • Independence Elementary And Middle School
  • Independence High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, heat
  • Assessor Parcel Number 1003156008

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0.31 Acres

Listing Details

  • Parcel Number: 1003156008
  • Year Built: 1900
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-233-7000
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1008
  • Architectural Style: Two Story
  • Reso Roof: Metal
  • ImprovementRating: Not Updated
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Stone/Rock
  • Below Grade Sq Ft: 1008

Exterior Features

  • Construction Type: Aluminum Siding
  • Exterior Features: Porch Screened
  • Siding: Aluminum

Garage/Parking

  • Open Parking Spaces: 3
  • Parking Features: Detached, Garage, On Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Water in Rent
  • Water Source: City

Schools

  • Elementary School: Independence
  • High School: Independence
  • Middle Or Junior School: Independence

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 83x165
  • Lot Size Sq Ft: 13695

Rental Info

  • Tenant Pays: Electricity, Heat
  • Lease Term: Other

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1614

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Nov 15, 2021
Sold by
Davis Rentals Independence Iowa Llc
Bought by
Heartland Capital Inv Llc
Seller's Agent
Kari Kremer
Berkshire Hathaway Home Services One Realty Centre
List Price
$65,000
Sold Price
$54,000
Premium/Discount to List
-$11,000
-16.92%
Current Estimated Value
$104,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,431
Avg. Annual Appreciation
16.05%
Original Mortgage
$84,000
Outstanding Balance
$76,018
Interest Rate
3.01%
Mortgage Type
Construction
Estimated Equity
$28,413
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Heartland Capital Inv Llc $54,000 None Listed On Document
Heartland Capital Investments $54,000 Brain C Eddy Of Robert & Eddy
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heartland Capital Investments $84,000
Closed Heartland Capital Inv Llc $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $54,000 -16.9% $54 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $65,000 -- $64 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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 $2,188 $111,340 $21,070 $90,270
2024 $2,188 $96,800 $18,810 $77,990
2023 $2,130 $96,800 $18,810 $77,990
2022 $1,878 $77,450 $14,930 $62,520
2021 $1,984 $77,450 $14,930 $62,520
2020 $1,614 $71,510 $13,570 $57,940
2019 $1,584 $71,510 $13,570 $57,940
2018 $1,518 $68,760 $13,570 $55,190
2017 $1,480 $68,760 $13,570 $55,190
2016 $1,458 $66,100 $8,080 $58,020
2015 $1,458 $66,100 $8,080 $58,020
2014 $1,486 $66,100 $8,080 $58,020
Source: Public Records

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20212937

Northeast Iowa Regional Board of REALTORS®

APN: 10.03.156.008

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