NOT LISTED FOR SALE

523 2nd St Traer, IA 50675

Estimated Value: $80,045 - $103,000

1 Bed
1 Bath
2,480 Sq Ft
$37/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $65,000 $26 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $569/month

165 Days on Market

About This Home

As of September 2021

This is a great investment opportunity. Commercial store front with 2-3 residential rental units. Excellent return on investment.

Last Agent to Sell the Property

David Wrage

Wrage Realty License #*** Listed on: 03/13/2021

Last Buyer's Agent

David Wrage

Wrage Realty License #*** Listed on: 03/13/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $892

Year Built

  • Built in 1920

Lot Details

  • 3,615

Home Design

  • Brick Exterior Construction
  • Concrete Fiber Board Siding

Interior Spaces

  • 2,480 Sq Ft Home
  • Partial Basement

Additional Features

  • 3,615 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$892

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Accessible: None
  • Construction Status: Previously Owned
  • Copyright Remarks: Yes
  • Legal Description: S 1/2 LOT 15 & ALL LOT 16 BLK 13 ORIGINAL
  • Municipality: Traer
  • Year Built: 1920
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 523 2nd Street
  • Distribute To Internet: Yes
  • Listing Entry Date Time: 2021-03-14
  • List Office I D: 584
  • Sales Office I D: 584
  • Selling Agent: 1715
  • Share Listings With: Broker Reciprocity, CoreLogic Listing License, Homes.com, Realtor.com, RPR Listing License
  • Street Designation: Street
  • Building Style: Apartment
  • Unit 1 Number of Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Price Per S Q F T: 26.21
  • Above Grade Finished Sq Ft: 2480
  • 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

  • Waterfront Present: No
  • Construction Status: No
  • Exterior: Brick/Stone, Fiber Board

Garage/Parking

  • Fuel: Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Fee Information

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

Schools

  • School District: North Tama County
  • School District Number: 4785
  • School District Phone: 319-478-2265

Lot Info

  • Acres: 0.08
  • Assessment Pending: Unknown
  • Homestead Description: Other
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 3615.48
  • Lot Size Units: Acres

Green Features

  • Certification: No

Rental Info

  • Availability: Unavailable
  • Rental License: No

Tax Info

  • Tax With Assessments: 892
  • Tax Year: 2020
  • Gross Taxes: 892

Multi Family

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

MLS Schools

  • School District: 4785 - North Tama County
  • School District Name: North Tama County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2021
Closed on
Sep 1, 2021
Sold by
Enos and Kari
Bought by
Hockey Mark and Hockey Linda
Seller's Agent
David Wrage
Wrage Realty
Buyer's Agent
David Wrage
Wrage Realty
List Price
$59,500
Sold Price
$65,000
Premium/Discount to List
$5,500
9.24%
Current Estimated Value
$90,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,761
Avg. Annual Appreciation
8.53%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hockey Mark $65,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $65,000 +9.2% $26 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
03/13/2021 03/13/21 For Sale $59,500 -- $24 / 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 $1,052 $52,970 $3,750 $49,220
2023 $972 $52,970 $3,750 $49,220
2022 $932 $48,900 $3,750 $45,150
2021 $916 $45,530 $4,880 $40,650
2020 $6 $42,620 $4,880 $37,740
2019 $564 $33,640 $0 $0
2018 $540 $33,640 $0 $0
2017 $540 $33,640 $0 $0
2016 $506 $33,640 $3,750 $29,890
2015 $528 $33,640 $3,750 $29,890
2014 $528 $35,470 $5,000 $30,470
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: NoCoast MLS

MLS Number: NOC5724487

NoCoast MLS

APN: 07.10.132.007