NOT LISTED FOR SALE

601 3rd St Wellman, IA 52356

Estimated Value: $98,000 - $158,000

3 Beds
1 Bath
1,200 Sq Ft
$101/Sq Ft Est. Value

Last Sold June 28, 2023

Last sale price $85,000 $71 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $731/month

28 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Living Room
  • Property is near shops
  • Porch
  • Laundry Room
  • Forced Air Heating System

About This Home

As of June 2023

Great opportunity for an investment or first-time homebuyer! The welcoming enclosed front porch brings you into this 3 bedroom home. Generous sized living room with many windows brings natural light in to the space. Primary bedroom off the living room offers convenient living with a spacious closet. The kitchen features laminate flooring with updated cabinets and counters with a functional layout. Bathroom on the main level features wood details that creates a unique space with a tub/shower combo. The main level also offers a mud room/laundry room combination. Upstairs you will find two bedrooms. One car carport offers off-street parking. Mature trees create a private, shaded yard on a corner lot. Located close to Wellman's downtown, you will not want to miss this centrally-located property. Call to schedule your showing today!

Last Listed By

Hayley Hershberger

KALONA REALTY, INC. Listed on: 05/31/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $738

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 70x78

Parking

  • 1 Parking Space

Home Design

  • Frame Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Mid Prairie Elementary And Middle School
  • Mid Prairie High School

Utilities

  • Forced Air Heating System
  • Internet Available

Additional Features

  • Porch
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 0124213008

Home Details

Home Type

Single Family

Est. Annual Taxes

$738

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1200
  • Homebuilder: Unknown
  • Owner Name L F Mi: Alva Gingerich Jr. Trust
  • Ownership Type: Single Family
  • Photo Code: Broker Provided
  • Year Built: 1900
  • Tax Year Report: 2021
  • Directions: From Hwy 22 turn south on 6th Ave SE, property is on corner of 6th Ave and 3rd Street.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to Shopping
  • Basement Remarks: Partial, Unfinished
  • Fireplace Type Location: None
  • Interior R: Other
  • Kitchen Breakfast R: Kit/Dining Rm Comb
  • Lot Description R: Less than .5 Acre
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: Great opportunity for an investment or first-time homebuyer! The welcoming enclosed front porch brings you into this 3 bedroom home. Generous sized living room with many windows brings natural light in to the space. Primary bedroom off the living room offers convenient living with a spacious closet. The kitchen features laminate flooring with updated cabinets and counters with a functional layout. Bathroom on the main level features wood details that creates a unique space with a tub/shower combo. The main level also offers a mud room/laundry room combination. Upstairs you will find two bedrooms. One car carport offers off-street parking. Mature trees create a private, shaded yard on a corner lot. Located close to Wellman's downtown, you will not want to miss this centrally-located property. Call to schedule your showing today!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Dryer, Washer
  • Number Bedrooms Upper: 2
  • Number Bedrooms Main: 1
  • Sq Ft Above: 1200
  • Total Full Baths: 1
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: Laundry Room, Main
  • Mstr Br Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Porch

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Forced Air

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Mid Prairie
  • Middle School: Mid Prairie
  • High School: Mid Prairie
  • High School: Mid Prairie
  • Jr Middle School: Mid Prairie
  • Elementary School: Mid Prairie

Lot Info

  • Acreage: 0.13
  • Geo Subdivision: IA
  • Lot Dimensions: 70x78
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 757.38
  • Assessor Parcel Number: 0124213008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2025
Sold by
Mr Os Cafe Llc
Bought by
Jmm Rentals Llc
Total Days on Market
28
Current Estimated Value
$120,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Outstanding Balance
$302,825
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$182,195

Purchase Details

Listed on
May 31, 2023
Closed on
Jun 26, 2023
Sold by
Alva Gingerich Jr Trust
Bought by
Mr Os Cafe Llc
Seller's Agent
Hayley Hershberger
KALONA REALTY, INC.
Buyer's Agent
Connor Tarvin
KALONA REALTY, INC.
List Price
$87,900
Sold Price
$85,000
Premium/Discount to List
-$2,900
-3.3%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.83%
Original Mortgage
$73,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2022
Sold by
Alva Gingerich Jr Trust
Bought by
Catma Llc

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
Jmm Rentals Llc $320,000 None Listed On Document
Mr Os Cafe Llc $85,000 None Listed On Document
Catma Llc $61,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmm Rentals Llc $304,000
Previous Owner Mr Os Cafe Llc $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2023 06/28/23 Sold $85,000 -3.3% $71 / Sq Ft
05/31/2023 05/31/23 For Sale $87,900 -- $73 / Sq Ft
Source: Iowa City Area 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 $738 $85,400 $12,400 $73,000
2023 $770 $43,800 $12,400 $31,400
2022 $758 $39,400 $12,400 $27,000
2021 $758 $39,400 $12,400 $27,000
2020 $730 $36,700 $12,400 $24,300
2019 $734 $35,400 $0 $0
2018 $798 $40,000 $0 $0
2017 $798 $37,200 $0 $0
2016 $730 $37,200 $0 $0
2015 $730 $37,200 $0 $0
2014 $734 $37,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202302902

Iowa City Area Association of REALTORS®

APN: 01-24-213-008