NOT LISTED FOR SALE

520 E Lincoln Way Ames, IA 50010

South Ames Business Neighborhood

Estimated Value: $196,000 - $239,894

3 Beds
2 Baths
1,768 Sq Ft
$123/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2023

Last sale price $222,500 $126 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,408 / mo

25 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

Excellent investment opportunity! This duplex brings in $2200 per month in rent and features many updates such as a 4 space parking lot and driveway, a new deck, and a new stair way leading to the upper level unit. The upstairs unit features 1 bedroom and 1 bathroom with a large living space and kitchen. The main floor unit has 3 bedrooms, 1 bathroom, a large kitchen and open living space. In addition to the main floor space, the lower unit has an unfinished basement with generous storage room. Don't miss out on this excellent investment opportunity, schedule your showing today!

Last Agent to Sell the Property

Nathan Herbers

Friedrich Realty License #B69635 Listed on: 09/08/2023

Last Buyer's Agent

Beth Skluzacek

CENTRAL IOWA BOARD OF REALTORS

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,069

Year Built

  • Built in 1933

Lot Details

  • 6,851 Sq Ft Lot
  • Lot Dimensions are 71'x96'

Home Design

  • Duplex
  • Poured Concrete
  • Aluminum Siding

Interior Spaces

  • 1,768 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,069

Year Built

Built in 1933

Lot Details

6,851 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.16
  • Lot Size: 71'x96'
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1933
  • Foundation:Poured: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Laminate: Yes
  • Floor:Vinyl2: Yes
  • Floor:Hardwood: Yes
  • Levels:Two2: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Laminate, Hardwood

Exterior Features

  • Construction Type: Aluminum Siding
  • Foundation Details: Tile, Poured
  • Exterior: Aluminum Siding: Yes

Garage/Parking

  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 6851.0
  • Zoning: HOC

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2069.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2022
Closed on
Jun 15, 2022
Sold by
Bought by
Seller's Agent
Fett Team
RE/MAX REAL ESTATE CENTER
Buyer's Agent
Fett Team
RE/MAX REAL ESTATE CENTER
List Price
$170,000
Sold Price
$181,900
Premium/Discount to List
$11,900
7%
Current Estimated Value
$217,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,324
Avg. Annual Appreciation
4.33%

Purchase Details

Closed on
Jul 7, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Ames Business, IA

  • James Horstman Real Estate Agent - Hunziker & Associates, Inc.

    James Horstman

    Hunziker & Associates, Inc.

    (515) 305-3017

    172 Total Sales

    4 in South Ames Business

    $187K - $196K Price Range

    James Horstman
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  • Kris Barrientos Real Estate Agent - Hunziker & Associates, Inc.

    Kris Barrientos

    Hunziker & Associates, Inc.

    (515) 686-6539

    43 Total Sales

    2 in South Ames Business

    $500,000 Price Range

    Kris Barrientos
     Section Image
  • Kevin Holmes Real Estate Agent - Weichert, Miller & Clark

    Kevin Holmes

    Weichert, Miller & Clark

    (515) 715-4181

    50 Total Sales

    2 in South Ames Business

    $215,000 Price Range

    Kevin Holmes
     Section Image
  • Mike Purcell Real Estate Agent - Friedrich Realty

    Mike Purcell

    Friedrich Realty

    (515) 686-6631

    80 Total Sales

    6 in South Ames Business

    $270K - $450K Price Range

    Mike Purcell
     Section Image
  • Roger Wheeler Real Estate Agent - CENTURY 21 SIGNATURE-Ames

    Roger Wheeler

    CENTURY 21 SIGNATURE-Ames

    (515) 461-6831

    327 Total Sales

    2 in South Ames Business

    $1,790,000 Price Range

    Roger Wheeler
     Section Image
  • Sarah Laaser-Webb Real Estate Agent - RE/MAX Real Estate Center

    Sarah Laaser-Webb

    RE/MAX Real Estate Center

    (515) 686-6907

    138 Total Sales

    6 in South Ames Business

    $160K - $230K Price Range

    Sarah Laaser-Webb
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$135,000 Rowe James G
$50,000 None Available
$44,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $44,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $222,500 -11.0% $126 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $250,000 +37.4% $141 / Sq Ft
06/16/2022 06/16/22 Sold $181,900 +7.0% $99 / Sq Ft View Prior Sale
05/12/2022 05/12/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $170,000 -- $92 / Sq Ft
Source: Central Iowa Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,590 $223,000 $45,100 $177,900
2024 $1,232 $178,500 $30,800 $147,700
2023 $2,070 $86,700 $30,800 $55,900
2022 $2,044 $123,000 $30,800 $92,200
2021 $2,122 $123,000 $30,800 $92,200
2020 $2,092 $120,600 $30,200 $90,400
2019 $2,092 $120,600 $30,200 $90,400
2018 $2,106 $120,600 $30,200 $90,400
2017 $2,106 $120,600 $30,200 $90,400
2016 $1,318 $74,900 $25,900 $49,000
2015 $1,318 $74,900 $25,900 $49,000
2014 $1,282 $71,300 $68,400 $2,900
Source: Public Records

Agents Affiliated with this Home

  • Nathan Herbers Real Estate Agent - Friedrich Realty

    Seller's Agent in 2023

    Nathan Herbers

    Friedrich Realty

    (515) 971-7535

    2 in this area

    83 Total Sales

    Nathan Herbers
    Section Image

  • B

    Buyer's Agent in 2023

    Beth Skluzacek

    CENTRAL IOWA BOARD OF REALTORS

    (515) 296-4680

    8 in this area

    3,495 Total Sales

    Beth Skluzacek
    Section Image

  • F

    Seller's Agent in 2022

    Fett Team

    RE/MAX

    1 in this area

    87 Total Sales

    Fett Team
    Section Image
  • Collin Fett Real Estate Agent - RE/MAX

    Seller Co-Listing Agent in 2022

    Collin Fett

    RE/MAX

    (515) 329-4011

    1 in this area

    93 Total Sales

    Collin Fett
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 63137

APN: 09-11-225-080

Iowa Story County Ames 50010 South Ames Business

520 E Lincoln Way, Ames, IA

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.

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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