NOT LISTED FOR SALE

602 W Broadway Ave Fairfield, IA 52556

Estimated Value: $151,000 - $354,055

6 Beds
4 Baths
1,976 Sq Ft
$108/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $160,000 $81 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,164/month

63 Days on Market

About This Home

As of January 2023

This Multi-family Apartment building has 4 units. Located just a few blocks from the center of town and very close to grocery stores, restaurants, and schools. This building has an $18,087 annual net income after expenses. Tenants rent includes utilities of Fairfield Water, Alliant Energy, & Windstream Internet. Tenants need 24 hours notice to show.

Last Agent to Sell the Property

Joanne Terrien

Village Realty Listed on: 09/27/2022

Co-Listed By

Michaela Mclain

Village Realty

Last Buyer's Agent

Joanne Terrien

Village Realty Listed on: 09/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,498

Year Built

  • Built in 1880

Lot Details

  • 8,712

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 1,976 Sq Ft Home
  • Basement Fills Entire Space Under The House

Additional Features

  • 8,712 Sq Ft Lot
  • Space Heater

Listing and Financial Details

  • Homestead Exemption

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $4,956
  • Insurance Expense $1,587
  • Maintenance Expense $1,440
  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,498

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Accessible: None
  • Legal Description: GAGES LT 2 BLK 10
  • Municipality: Fairfield
  • Year Built: 1880
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 602 W Broadway
  • Co Selling Office I D: 735
  • Distribute To Internet: Yes
  • List Office I D: 735
  • Sales Office I D: 735
  • Selling Agent: 2188
  • Building Style: Quadruplex
  • Unit 1 Annual Rent: 8100
  • Unit 1 Month Rent: 675
  • Unit 2 Annual Rent: 9300
  • Unit 2 Month Rent: 775
  • Unit 3 Annual Rent: 7500
  • Unit 3 Month Rent: 625
  • Unit 4 Annual Rent: 8700
  • Unit 4 Month Rent: 725
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Basement: Full
  • Price Per S Q F T: 80.97
  • Above Grade Finished Sq Ft: 1976
  • Fireplace: No
  • Total Finished Sq Ft: 1976

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Fuel: Electric

Utilities

  • Heating: Space Heater
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Fee Information

  • Expense Fuel: 4956
  • Annual Expense: 15513
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.2
  • Geo Update Timestamp: 2022-09-29
  • Assessment Pending: No
  • Homestead Description: Owner
  • Lot Dimensions: 66 ft. x 132 ft.
  • Lot Size Sq Ft: 8712
  • Lot Size Units: Acres

Multi Family

  • Expense Insurance: 1587
  • Expense Maintenance: 1440
  • Expenses: 5286
  • Expense Water Sewer: 2244
  • Total Units: 4

Tax Info

  • Tax Year: 2021
  • Gross Taxes: 3498

MLS Schools

  • School District: 2169 - Fairfield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Jan 3, 2023
Sold by
Kuster John M and Kuster Nikki Bengston
Bought by
Singh Amitoj
Seller's Agent
Joanne Terrien
Village Realty
Buyer's Agent
Joanne Terrien
Village Realty
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Views
59
Current Estimated Value
$213,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,264
Avg. Annual Appreciation
11.34%
Original Mortgage
$136,000
Outstanding Balance
$36,550
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$175,684

Purchase Details

Closed on
Sep 6, 2016
Sold by
Murphy Gerald T and Fifer Murphy Reeta Kay
Bought by
Kuster John M
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
Singh Amitoj $160,000 --
Kuster John M $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Amitoj $136,000
Previous Owner Murphy Gerald T $60,000
Previous Owner Kuster John M $5,000
Previous Owner Rubis James $7,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $160,000 -8.6% $81 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $175,000 +1358.3% $89 / Sq Ft
01/19/2012 01/19/12 Sold $12,000 -63.1% $4 / Sq Ft
12/21/2011 12/21/11 Pending -- -- --
11/22/2011 11/22/11 For Sale $32,500 -- $12 / 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 $26 $141,600 $14,900 $126,700
2023 $3,036 $141,600 $14,900 $126,700
2022 $3,498 $146,600 $20,100 $126,500
2021 $3,498 $108,600 $14,900 $93,700
2020 $2,948 $108,600 $14,900 $93,700
2019 $1,370 $46,000 $0 $0
2018 $1,412 $46,000 $0 $0
2017 $1,412 $46,100 $0 $0
2016 $4,128 $121,100 $0 $0
2015 $4,658 $127,500 $0 $0
2014 $4,658 $26,800 $0 $0
2013 $608 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joanne Terrien

    Seller's Agent in 2023

    Joanne Terrien

    Village Realty

    (641) 919-2776

    203 Total Sales

    Joanne Terrien
    Section Image
  • Michaela Mclain

    Seller Co-Listing Agent in 2023

    Michaela Mclain

    Village Realty

    (641) 472-9900

    208 Total Sales

    Michaela Mclain
    Section Image
  • Douglas Alexander

    Seller's Agent in 2012

    Douglas Alexander

    Fairfield Real Estate

    (641) 209-2226

    56 Total Sales

    Douglas Alexander
    Section Image
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Map

Source: NoCoast MLS

MLS Number: NOC6302952

NoCoast MLS

APN: 06-26-436-003

Iowa Jefferson County Fairfield 52556

602 W Broadway Ave, Fairfield, IA

This home is located at 602 W Broadway Ave, Fairfield, IA 52556 since 27 September 2022 and is currently estimated at $213,264, approximately $107 per square foot. This property was built in 1880. 602 W Broadway Ave is a home located in Jefferson County with nearby schools including Fairfield High School, Maharishi School, and Cornerstone Primary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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