$202,500
SOLD SEP 25, 2024

603 S 7th St Osage, IA 50461

-- Bed
-- Bath
1,730 Sq Ft
0.3 Acres

Recently Sold

$117 Per Sq Ft

10% Below List Price

3 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • Garage

About This Home

As of September 2024

Here is a great opportunity to add to your rental portfolio! This sale includes two duplexes and three two stall garages. Located right across the street from the Osage City Park, CRC and Osage Middle/ High School. Each unit has two bedrooms, one full bathroom, dining room, living room and kitchen. Both duplexes are set-up so that they could also be used as a single family residence.

Last Agent to Sell the Property

Clarence Kruse

Main Realty License #B42379 Listed on: 08/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,792

Year Built

  • Built in 1952

Lot Details

  • 0.3 Acre Lot
  • Additional Parcels

Home Design

  • Quadruplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Masonite

Interior Spaces

  • 2-Story Property
  • Laundry on lower level

Basement

  • Stone Basement
  • Interior Basement Entry

Parking

  • Garage
  • 6 Open Parking Spaces
  • On-Street Parking

Schools

  • Osage Elementary And Middle School
  • Osage High School

Additional Features

  • Covered patio or porch
  • Forced Air Heating and Cooling System

Community Details

  • 4 Units
  • Water Sewer Expense $31

Listing and Financial Details

  • Assessor Parcel Number 1026282006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,792

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Parcel Number: 1026282006
  • Year Built: 1952
  • Property Sub-Type: Fourplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.3
  • Co List Office Phone: 641-732-5790
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1730
  • Architectural Style: Two Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Entrance-Inside, Stone/Rock
  • Below Grade Sq Ft: 1560

Exterior Features

  • Construction Type: Masonite, Vinyl Siding
  • Exterior Features: Sidewalk, Porch-Covered
  • Siding: Masonite,Vinyl

Garage/Parking

  • Open Parking Spaces: 6
  • Parking Features: Garage, On Street, Detached

Utilities

  • Cooling: Central Air, None
  • Heating: Forced Air
  • Sewer: City Sewer
  • Utilities: Gas in Rent, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 30.81

Schools

  • Elementary School: Osage
  • High School: Osage
  • Middle Or Junior School: Osage

Lot Info

  • Zoning: R-2
  • Lot Dimensions: irregular
  • Lot Size Sq Ft: 12715
  • Additional Parcels: Yes

Rental Info

  • Tenant Pays: None
  • Lease Term: Other

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2792

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Sep 24, 2024
Sold by
Johnson Joann Kay Williams and Johnson Kay Williams
Bought by
Chen Xiaoling
Seller's Agent
Clarence Kruse
Main Realty
List Price
$225,000
Sold Price
$202,500
Premium/Discount to List
-$22,500
-10%
Total Days on Market
3
Views
1
Current Estimated Value
$201,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,311
Avg. Annual Appreciation
-6.06%
Original Mortgage
$132,500
Outstanding Balance
$131,770
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$60,844
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $202,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $132,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $202,500 -10.0% $117 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $225,000 -- $130 / Sq Ft
Source: Northeast Iowa Regional Board 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 $2,692 $172,220 $13,650 $158,570
2023 $2,692 $172,220 $13,650 $158,570
2022 $2,272 $124,190 $13,650 $110,540
2021 $2,272 $124,190 $13,650 $110,540
2020 $2,608 $122,990 $13,650 $109,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20243714

Northeast Iowa Regional Board of REALTORS®

APN: 10-26-282-006