NOT LISTED FOR SALE

523 N 2nd St Marshalltown, IA 50158

Estimated Value: $68,000 - $107,599

3 Beds
2 Baths
1,545 Sq Ft
$52/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $45,000 $29 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $517/month

61 Days on Market

About This Home

As of January 2023

Duplex! Great way to Invest!! There are Two- 2 Bedroom Units with long term tenants of 8 plus years. Owner pays all utilities. New Roof in 2022. Monthly rent for the Upper Level is $500 and the Main Level rents for $550. Call now and start collecting rents on the 1st of the month!!!!!

Last Agent to Sell the Property

Chris Brodin

Premier Real Estate Listed on: 11/09/2022

Last Buyer's Agent

Bob Grimes

New Horizons Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60x180

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,545 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,121
  • Insurance Expense $856
  • Trash Expense $480
  • Gross Income $13,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Accessible: None
  • Legal Description: LOT 1 BLK 3
  • Municipality: Marshall
  • Year Built: 1890
  • Stories: 1.5 Stories
  • OFFICELIST_ADDRESS: 523 N 2nd Street
  • Distribute To Internet: Yes
  • LANDLEASE: No
  • List Office I D: 394
  • Sales Office I D: 482
  • Selling Agent: 2402
  • Street Designation: Street
  • Building Style: Duplex Up and Down
  • Unit 1 Air Conditioning: Window
  • Unit 1 Bathrooms Description: Upper Level Full Bath
  • Unit 1 Dining Room Description: Eat In Kitchen
  • Unit 1 Annual Rent: 6000
  • Unit 1 B1 Level: Upper
  • Unit 1 B2 Level: Upper
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Kitchen Level: Upper
  • Unit 1 Living Room Level: Upper
  • Unit 1 Month Rent: 500
  • Unit 1 Number of Units: 1
  • Unit 1 Parking: 2
  • Unit 1 Sq Ft: 909
  • Unit 2 Annual Rent: 660
  • Unit 2 B1 Level: Main
  • Unit 2 B2 Level: Main
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Kitchen Level: Main
  • Unit 2 Living Room Level: Main
  • Unit 2 Month Rent: 550
  • Unit 2 Number of Units: 1
  • Unit 2 Sq Ft: 909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Basement: Full, Unfinished
  • Price Per S Q F T: 29.13
  • Above Grade Finished Sq Ft: 1545
  • Below Grade Total Sq Ft: 909
  • Fireplace: No
  • Total Finished Sq Ft: 1545

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Fuel: Natural Gas

Utilities

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

Association/Amenities

  • Complex/Development/Subdivision: WEBSTERS FIFTH ADD

Fee Information

  • Expense Electric: 1121
  • Annual Expense: 5353
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.25
  • Geo Update Timestamp: 2022-11-09
  • Assessment Pending: Unknown
  • Homestead Description: None
  • Lot Dimensions: 60x180
  • Lot Size Sq Ft: 10890
  • Lot Size Units: Acres

Rental Info

  • Rental License: Yes
  • Rental License Type: Standard

Multi Family

  • Expense Insurance: 856
  • Expenses: 5353
  • Expense Trash: 480
  • Expense Water Sewer: 955
  • Total Units: 2

Tax Info

  • Tax Year: 2021
  • Gross Taxes: 1164

MLS Schools

  • School District: Marshall County School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
Manship Wyatt and Manship Angela
Bought by
Ship Shape Rentals Llc
Current Estimated Value
$80,900

Purchase Details

Listed on
Nov 9, 2022
Closed on
Jan 25, 2023
Sold by
Weatherly Properties Llc
Bought by
Sletten Timothy D
Seller's Agent
Chris Brodin
Premier Real Estate
Buyer's Agent
Bob Grimes
New Horizons Realty
List Price
$75,000
Sold Price
$45,000
Premium/Discount to List
-$30,000
-40%
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.57%

Purchase Details

Closed on
Oct 4, 2013
Sold by
Hagele Deanna L
Bought by
Hagele Douglas M

Purchase Details

Closed on
Oct 25, 2007
Sold by
Switzer Tom
Bought by
Hagele Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ship Shape Rentals Llc -- None Listed On Document
Sletten Timothy D $45,000 --
Hagele Douglas M -- None Available
Hagele Douglas $48,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hagele Douglas $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $45,000 -33.3% $29 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
12/28/2022 12/28/22 Price Changed $67,500 -10.0% $44 / Sq Ft
12/19/2022 12/19/22 For Sale $75,000 0.0% $49 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $75,000 +70.5% $49 / Sq Ft
03/11/2020 03/11/20 Sold $44,000 -10.0% $24 / Sq Ft
02/04/2020 02/04/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $48,900 -- $27 / 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 $1,058 $54,810 $25,160 $29,650
2023 $1,150 $54,810 $25,160 $29,650
2022 $1,164 $51,380 $14,660 $36,720
2021 $1,132 $51,380 $14,660 $36,720
2020 $1,132 $48,050 $14,660 $33,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NoCoast MLS

MLS Number: NOC6304049

NoCoast MLS

APN: 8418-26-178-010