NOT LISTED FOR SALE

521 Madison Ave Donnellson, IA 52625

Estimated Value: $123,000 - $159,000

2 Beds
1 Bath
4,068 Sq Ft
$35/Sq Ft Est. Value

Last Sold June 27, 2013

Last sale price $27,000 $7 Per Sq Ft

Est. 424% increase in value since last sale

Current estimated payment $863/month

266 Days on Market

Highlights

  • Forced Air Heating System
  • Hot Water Heating System
  • Carpet

About This Home

As of June 2013

This home was moved to this location prior to 1949 and then later converted to a funeral home. Spacious main floor with upstairs apartment with possible kitchen, 3/4 bath, living room, and 3 possible bedrooms. The main floor could be 1 large apartment which currently has 2 HUGE rooms, 1 bedroom, office or porch area, kitchen, pantry and half bath. OR You could convert back to a 1 family home or have a business on the main floor and live upstairs!! One-car attached and 2 car detached garages plus a 140' x 175' lot!! LOCATED ON HWY 2 for great exposure!!! REDUCED AGAIN!!!!

Last Agent to Sell the Property

Bette Muerhoff

Hope Assoc. Real Estate Listed on: 08/30/2012

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,172

Year Built

  • Built in 1900

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 140 x 175

Parking

  • 3 Car Garage

Interior Spaces

  • 4,068 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Hot Water Heating System

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,172

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: HOMES LOTS 6-8 INC BLK 34 #186,
  • Municipality: Donnellson
  • Year Built: 1900
  • OFFICELIST_ADDRESS: 521 Madison Avenue
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2012-08-30
  • List Office I D: 696
  • M L Number Foreign: SEIA23005210
  • Sales Office I D: 696
  • Selling Agent: 2977
  • Share Listings With: Broker Reciprocity, CoreLogic Listing License, Homes.com, Realtor.com, RPR Listing License
  • Street Designation: Avenue
  • Building Style: Apartment
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Number of Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Price Per S Q F T: 6.64
  • Above Grade Finished Sq Ft: 4068
  • Room Types: Unit1 Bedroom 1, Unit1 Bedroom 2, Unit1 Bedroom 3, Unit1 Bedroom 4, Unit1 Dining Room, Unit1 Extra Room 1, Unit1 Extra Room 2, Unit1 Extra Room 3, Unit1 Extra Room 4, Unit1 Extra Room 5, Unit1 Extra Room 6, Unit1 Family Room, Unit1 Kitchen, Unit1 Living Room, Unit2 Bedroom 1, Unit2 Bedroom 2, Unit2 Bedroom 3, Unit2 Bedroom 4, Unit2 Dining Room, Unit2 Extra Room 1, Unit2 Extra Room 2, Unit2 Extra Room 3, Unit2 Extra Room 4, Unit2 Extra Room 5, Unit2 Extra Room 6, Unit2 Family Room, Unit2 Kitchen, Unit2 Living Room, Unit3 Bedroom 1, Unit3 Bedroom 2, Unit3 Bedroom 3, Unit3 Bedroom 4, Unit3 Dining Room, Unit3 Extra Room 1, Unit3 Extra Room 2, Unit3 Extra Room 3, Unit3 Extra Room 4, Unit3 Extra Room 5, Unit3 Extra Room 6, Unit3 Family Room, Unit3 Kitchen, Unit3 Living Room, Unit4 Bedroom 1, Unit4 Bedroom 2, Unit4 Bedroom 3, Unit4 Bedroom 4, Unit4 Dining Room, Unit4 Extra Room 1, Unit4 Extra Room 2, Unit4 Extra Room 3, Unit4 Extra Room 4, Unit4 Extra Room 5, Unit4 Extra Room 6, Unit4 Family Room, Unit4 Kitchen, Unit4 Living Room

Exterior Features

  • Exterior: Other
  • Roof: Other

Utilities

  • Garage Stalls: 3
  • Heating: Forced Air, Hot Water

Condo/Co-op/Association

  • Common Features: Carpets

Fee Information

  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Schools

  • School District: Central Lee

Lot Info

  • Acres: 0.56
  • Assessment Pending: No
  • Homestead Description: Other
  • Lot Dimensions: 140 X 175
  • Lot Size Sq Ft: 24500
  • Map Letter: A1

Green Features

  • Certification: No

Rental Info

  • Rental License: No

Multi Family

  • Unit Type: Unit 1, Unit 2, Unit 3, Unit 4

MLS Schools

  • School District: 1079 - Central Lee
  • School District Name: Central Lee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2012
Closed on
Jun 21, 2013
Sold by
Schmitz Brian J and Schmitz Lyndsey M
Bought by
Griffin Michael T and Griffin Kelli J
Seller's Agent
Bette Muerhoff
Hope Assoc. Real Estate
List Price
$59,900
Sold Price
$27,000
Premium/Discount to List
-$32,900
-54.92%
Current Estimated Value
$141,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,440
Avg. Annual Appreciation
13.46%
Original Mortgage
$24,030
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2005
Sold by
Link Maurice and Sporkman Link Ann
Bought by
Lynk Jason L and Schmitz Brian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.79%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Griffin Michael T $27,000 None Available
Lynk Jason L $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Michael T $25,035
Previous Owner Griffin Michael T $24,030
Previous Owner Lynk Jason J $1,259,063
Previous Owner Lynk Jason L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2013 06/27/13 Sold $27,000 -54.9% $7 / Sq Ft
05/23/2013 05/23/13 Pending -- -- --
08/30/2012 08/30/12 For Sale $59,900 -- $15 / Sq Ft
Source: NoCoast MLS

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 $1,172 $79,670 $15,580 $64,090
2023 $226 $79,670 $15,580 $64,090
2022 $896 $62,280 $15,580 $46,700
2021 $896 $62,280 $15,580 $46,700
2020 $1,024 $58,140 $16,520 $41,620
2019 $1,000 $58,140 $16,520 $41,620
2018 $582 $32,000 $0 $0
2017 $616 $32,000 $0 $0
2016 $588 $32,000 $0 $0
2015 $588 $32,000 $0 $0
2014 $610 $74,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC5428739

NoCoast MLS

APN: 01-33-07-32-491-0020