NOT LISTED FOR SALE

603 S 7th St Osage, IA 50461

Estimated Value: $143,000 - $227,000

4 Beds
2 Baths
1,730 Sq Ft
$106/Sq Ft Est. Value

Last Sold September 25, 2024

Last sale price $202,500 $117 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,199/month

3 Days on Market

Highlights

  • Covered Patio or Porch
  • Garage
  • 2-minute walk to Osage City Park
  • Forced Air Heating and Cooling System

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%
Views
1
Current Estimated Value
$182,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,943
Avg. Annual Appreciation
-8.08%
Original Mortgage
$132,500
Outstanding Balance
$131,016
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$51,541
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Xiaoling $202,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Xiaoling $132,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $2,862 $183,690 $13,650 $170,040
2024 $2,862 $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