NOT LISTED FOR SALE

514 5th St Unit B Coralville, IA 52241

Estimated Value: $114,000 - $121,000

2 Beds
1 Bath
825 Sq Ft
$142/Sq Ft Est. Value

Last Sold June 07, 2019

Last sale price $88,000 $107 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $869/month

35 Days on Market

Highlights

  • Separate Formal Living Room
  • Formal Dining Room
  • Handicap Accessible
  • West High School Rated A
  • Patio
  • Property is near shops

About This Home

As of June 2019

1st floor unit in Ashford Condominiums centrally located in the heart of Coralville. New high-efficiency air conditioner installed March 2019. Wood laminate flr. Storage room adjacent to front door. Walk to shopping, restaurants, school. On a bus line w/bus stop across the street. 1 parking space & guest parking. Currently rented for $750/month. Tenant has a month to month lease & could stay or move depending on buyers needs. $750 floor credit for buyer to repair 1/2 of living rm flooring.

Last Agent to Sell the Property

Verne Folkmann

Lepic-Kroeger, REALTORS Listed on: 04/18/2019

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Gerhild Krapf

Homes & Hearth, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,634

Year Built

  • Built in 1984

Lot Details

  • 0.73

HOA Fees

  • $110 Monthly HOA Fees

Interior Spaces

  • 825 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Formal Dining Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible
  • Stepless Entry

Outdoor Features

  • Patio

Location

  • Property is near shops
  • Property is near a bus stop

Schools

  • Central Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available
  • Cable TV Available

Community Details

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, reserve fund, street maintenance
  • Ashford Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1005357008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,634

Year Built

Built in 1984

Lot Details

0

HOA Fees

$110 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 825
  • Homebuilder: Unknown
  • Owner Name L F Mi: Jay Fraise
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Year Built: 1984
  • Zero Step Entry: Yes
  • Tax Year Report: 2017
  • Subdivision: Ashford Condominiums
  • Directions: Located on the corner of 5th Street and 6th Avenue in Coralville.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Pet Policy, Sidewalks, Street Lights, Close to Shopping, On Bus Line
  • Fireplace Type Location: None
  • Interior R: Cable Available, Handicap Access
  • Kitchen Breakfast R: None
  • Lot Description R: None/Condo
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 1 Story
  • Remarks2: 1st floor unit in Ashford Condominiums centrally located in the heart of Coralville. New high-efficiency air conditioner installed March 2019. Wood laminate flr. Storage room adjacent to front door. Walk to shopping, restaurants, school. On a bus line w/bus stop across the street. 1 parking space & guest parking. Currently rented for $750/month. Tenant has a month to month lease & could stay or move depending on buyers needs. $750 floor credit for buyer to repair 1/2 of living rm flooring.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Main: 2
  • Sq Ft Above: 825
  • Total Full Baths: 1
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Laundry Closet, Main
  • Mstr Br Level: Main
  • Mstr Br Width: 11
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • ExteriorFeatures: Patio, Other

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Electric, Gas, Central, Forced Air

Condo/Co-op/Association

  • Association Fee: 1320
  • Condo Level: 1
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Reserve Fund, Street Maintenance

Schools

  • Elementary School: Central
  • Middle School: Northwest
  • High School: West
  • High School: West
  • Jr Middle School: Northwest
  • Elementary School: Central

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Dimensions: Condo
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 1583.92
  • Assessor Parcel Number: 1005357008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2022
Sold by
Bjorklund Bryan R
Bought by
Akinbo Olumayokun I and Akinbo Olusola O
Current Estimated Value
$116,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Outstanding Balance
$80,547
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$39,565

Purchase Details

Listed on
Apr 18, 2019
Closed on
Jun 7, 2019
Sold by
Fraise Jay G
Bought by
Biorklund Bryan R
Seller's Agent
Verne Folkmann
Lepic-Kroeger, REALTORS
Buyer's Agent
Gerhild Krapf
Homes & Hearth, LLC
List Price
$88,000
Sold Price
$88,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$79,200
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 26, 2014
Sold by
Sadler Kenneth E
Bought by
Fraise Jay G
Source: Public Records

Range of Values:

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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
Akinbo Olumayokun I $105,000 --
Biorklund Bryan R $88,000 None Available
Fraise Jay G $57,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akinbo Olumayokun I $84,000
Previous Owner Biorklund Bryan R $79,200
Previous Owner Fraise Jay G $202,305
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2019 06/07/19 Sold $88,000 0.0% $107 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $88,000 -- $107 / Sq Ft
Source: Iowa City 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 $1,634 $89,300 $20,000 $69,300
2023 $1,620 $89,300 $20,000 $69,300
2022 $1,544 $86,100 $10,000 $76,100
2021 $1,902 $86,100 $10,000 $76,100
2020 $163 $82,000 $10,000 $72,000
2019 $1,616 $82,000 $10,000 $72,000
2018 $1,584 $78,000 $10,000 $68,000
2017 $1,558 $78,000 $10,000 $68,000
2016 $1,518 $76,300 $10,000 $66,300
2015 $1,518 $76,300 $10,000 $66,300
2014 $1,310 $74,400 $10,000 $64,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20192488

Iowa City Area Association of REALTORS®

APN: 1005357008