NOT LISTED FOR SALE

587 2nd St Magnolia, IA 51550

Estimated Value: $112,000 - $236,000

3 Beds
2 Baths
1,744 Sq Ft
$104/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $160,000 $92 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,126/month

8 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Formal Dining Room
  • Sun or Florida Room
  • No HOA
  • 2 Car Detached Garage

About This Home

As of August 2021

This two story home has original wood floors and trim work. Three bedrooms and one full bath upstairs, plus walk up finished attic area, Main level has kitchen, Dining room, Living room, Family room, office and full bath. H/VAC system is only 6 years old. Large yard for kids or pets. Garden area, 2 car and 1 car detached garages. Storage room in basement. Located across street from City park. 40 minutes to Metro area. Small town living at it's best.

Last Agent to Sell the Property

Rodney Foutch

United Country Loess Hills Realty & Auction License #B39631 Listed on: 07/01/2021

Last Buyer's Agent

Steve Stuart

BHHS Ambassador Real Estate License #S67113000

BHHS Ambassador Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1916

Lot Details

  • Lot Dimensions are 60 x 240
  • Corner Lot

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,744 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Woodwork
  • Ceiling Fan
  • Family Room
  • Living Room
  • Formal Dining Room
  • Sun or Florida Room
  • Wood Flooring
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 2 Bathrooms

Basement

  • Partial Basement
  • Laundry in Basement

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Logan-Magnolia Elementary And Middle School
  • Logan-Magnolia High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Electric Water Heater
  • Water Softener is Owned
  • Septic System

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,396

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Air Conditioner: Electric Central
  • Basement: Partial
  • Basement: Laundry, Partial, Shelf
  • Dining Facilities: Formal Dining, Snack Bar
  • Fireplace: No
  • Interior Amenities: Ceiling Fans, Smoke Alarms, Wood Floors, Water Soft-Own, Walk-in Closets, Original Woodwork, Extra Built-ins
  • Kitchen Features: Custom Cabinets, Refrigerator, Microwave, Dishwasher, Electric Range
  • Laundry: Basement, Washer Hookup, Electric, Dryer Hookup
  • Lower Tri Level: None
  • Main Level: Baths, Other, Family Room, Living Room, Kitchen, Dining
  • Ramp Access: No
  • Second Level: Baths, Other Bedrooms, Primary Bedroom
  • Sq Ft 2nd Floor: 744.00
  • Sq Ft Main Floor: 1000.00
  • Stories: 2.0
  • Total Basement Sq Ft: 630.00
  • Total Finished Sq Ft: 1744.00
  • Total Above Ground Finished Sq Ft: 1744.00

Beds/Baths

  • Bathrooms Above Grade: 2
  • Bathrooms Below Grade: None
  • Above Grade Bedrooms: 3
  • Below Grade Bedrooms: None
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3

Exterior Features

  • Exterior Amenities: Enclosed Porch, Three Season Room, Open Porch
  • New Construction: N
  • Roof: Composition
  • Site Amenities: Blacktop Road, Off Street Parking, Corner Lot
  • Style: 2 Story

Garage/Parking

  • Garage: 2
  • Garage Features: No Features
  • Garage Type: Detached

Utilities

  • Heating: Gas Forced Air, Propane
  • Hot Water Heater: Electric
  • Services: City Water, Septic, Propane Tank Rental, Electrical

Association/Amenities

  • Association Fee: N

Schools

  • School District: Logan Magnolia
  • Elementary School: Logan-Magnolia
  • Middle School: Logan-Magnolia
  • High School: Logan-Magnolia
  • Elementary School: Logan-Magnolia
  • High School: Logan-Magnolia
  • Jr High: Logan-Magnolia
  • School District: Logan Magnolia

Lot Info

  • Flood Insurance: Not Required
  • Lot Size: 60 X 240
  • Lot Size Range: Over 1/4 up to 1/2 Acre

Building Info

  • Construction: Frame
  • Year Built: 1916

Tax Info

  • Current REIDS Year Paid: N/A
  • First Time Home Buyer Credit: Yes
  • Gross Taxes: 1552.91
  • Net Taxes: 1396.00
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2025
Sold by
Henry Family Partnership
Bought by
Henry John and Henry Philip
Total Days on Market
8
Current Estimated Value
$175,831

Purchase Details

Closed on
Feb 20, 2024
Sold by
Jones Mackenzie Rayann and Melby Mackenzie Rayann
Bought by
Melby Logan H

Purchase Details

Listed on
Jul 1, 2021
Closed on
Aug 25, 2021
Sold by
Andersen Charles N and Andersen Melanie J
Bought by
Melby Logan H
Seller's Agent
Rodney Foutch
United Country Loess Hills Realty & Auction
Buyer's Agent
Steve Stuart
BHHS Ambassador Real Estate
List Price
$169,900
Sold Price
$160,000
Premium/Discount to List
-$9,900
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%
Original Mortgage
$16,000
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
Feb 8, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Straight Jerry D and Straight Nekoi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.75%
Mortgage Type
Credit Line Revolving
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
Henry John -- None Listed On Document
Henry John -- None Listed On Document
Melby Logan H -- None Listed On Document
Melby Logan H $160,000 Fahey John P
Straight Jerry D $71,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melby Logan $16,000
Previous Owner Melby Logan H $160,000
Previous Owner Andersen Charles N $95,000
Previous Owner Straight Jerry D $107,948
Previous Owner Straight Jerry D $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $160,000 -5.8% $92 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $169,900 -- $97 / Sq Ft
Source: Southwest Iowa 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 -- $134,420 $3,390 $131,030
2023 $1,954 $134,420 $3,390 $131,030
2022 $1,676 $101,162 $3,390 $97,772
2021 $1,676 $99,721 $3,390 $96,331
2020 $1,396 $87,476 $3,390 $84,086
2019 $1,622 $87,476 $3,390 $84,086
2018 $1,590 $95,386 $0 $0
2017 $1,590 $95,386 $0 $0
2016 $1,666 $95,386 $0 $0
2015 $1,666 $85,934 $0 $0
2014 $1,496 $85,934 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Iowa Association of Realtors®

MLS Number: 21-1242

Southwest Iowa Association of Realtors®

APN: 480002282700000