NOT LISTED FOR SALE

605 8th St Ames, IA 50010

Historic Old Town Neighborhood

Estimated Value: $171,000 - $198,780

3 Beds
2 Baths
1,941 Sq Ft
$95/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $153,000 $79 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,184/month

57 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Cooling System Mounted In Outer Wall Opening
  • No HOA
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of July 2023

Great investment property in the heart of Ames with a solid rental history for current owners for nearly 25 years. Current rent on this charming up-down duplex is $1540. Upstairs unit is 1 BR, 1 BA. Main level is bigger than it appears from the exterior with 2 BR and 1 BA, living and dining area, kitchen and sunroom. Main floor tenants have use of garage and washer and dryer in the basement. Small fenced in yard for pets. Excellent location in close proximity to downtown. Garage on premises but not used for parking car in. Seller is in process of putting new roof on garage. Tenants in 605 pay own electric bill (separate meter). 607 pays their own electric, and water, sewer, and gas for both units and are then reimbursed 30% of the bill by Landlord.

Last Agent to Sell the Property

Sarah Powers

United Real Estate Professionals License #S62063 Listed on: 05/05/2023

United Real Estate Professionals

Last Buyer's Agent

Member Non

CENTRAL IOWA BOARD OF REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,352

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 66 x 79
  • Fenced Yard

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Poured Concrete
  • Stucco

Interior Spaces

  • 1,941 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 09-02-300-140

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $18,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,352

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size: 66 x 79
  • Architectural Style: 2 Story
  • Garage Yn: Yes
  • Year Built: 1920
  • Foundation:Poured: Yes
  • Water:Public2: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Exterior:Brick: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Brick2: Yes
  • Floor:Hardwood: Yes
  • Keywords:Architectural Style2: 2 Story
  • Exterior:Stucco: Yes
  • Features:Fenced Yard: Yes
  • Cooling:Window Unit(s): Yes
  • Cooling:Wall Unit(s): Yes
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Flooring: Vinyl, Hardwood, Carpet
  • Basement:Full2: Yes

Exterior Features

  • Construction Type: Stucco, Brick
  • Foundation Details: Brick/Mortar, Poured

Garage/Parking

  • Keywords:Garage Capacity3: 1 Car
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 1 - 5 Spaces

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Ames

Lot Info

  • Parcel #: 09-02-300-140
  • Zoning: RM

Rental Info

  • Who Pays Trash: Tenant
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18480.0

Tax Info

  • Tax Annual Amount: 2352.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Jul 28, 2023
Sold by
Kassis Mark and Lowman Terry L
Bought by
Davis Joshua Michael and Davis Gabrielle Marie
Seller's Agent
Sarah Powers
Weichert, Realtors®-Miller & Clark Agency
Buyer's Agent
Member Non
CENTRAL IOWA BOARD OF REALTORS
List Price
$189,900
Sold Price
$153,000
Premium/Discount to List
-$36,900
-19.43%
Views
379
Current Estimated Value
$184,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,445
Avg. Annual Appreciation
8.06%
Original Mortgage
$114,750
Outstanding Balance
$111,951
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$72,494
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Davis Joshua Michael $153,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Joshua Michael $114,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $153,000 -14.5% $79 / Sq Ft
07/02/2023 07/02/23 Pending -- -- --
06/21/2023 06/21/23 Price Changed $179,000 -5.7% $92 / Sq Ft
05/05/2023 05/05/23 For Sale $189,900 -- $98 / Sq Ft
Source: Central Iowa 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 $2,606 $173,500 $26,400 $147,100
2024 $2,552 $179,700 $35,400 $144,300
2023 $2,380 $179,700 $35,400 $144,300
2022 $2,352 $141,500 $35,400 $106,100
2021 $2,440 $141,500 $35,400 $106,100
2020 $2,406 $138,700 $34,700 $104,000
2019 $2,406 $138,700 $34,700 $104,000
2018 $2,422 $138,700 $34,700 $104,000
2017 $2,422 $138,700 $34,700 $104,000
2016 $1,794 $101,900 $27,600 $74,300
2015 $1,794 $101,900 $27,600 $74,300
2014 $1,830 $101,900 $27,600 $74,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sarah Powers

    United Real Estate Professionals

    (515) 297-0696

    2 in this area

    70 Total Sales

    Sarah Powers
    Section Image

  • M

    Buyer's Agent in 2023

    Member Non

    CENTRAL IOWA BOARD OF REALTORS

See All Agents

Map

Source: Central Iowa Board of REALTORS®

MLS Number: 62237

APN: 09-02-300-140

Iowa Story County Ames 50010 Historic Old Town

605 8th St, Ames, IA

Not Listed for Sale

MultiFamily

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