NOT LISTED FOR SALE

61 N 3rd St Lansing, IA 52151

8 Beds
4 Baths
6,240 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: October 7, 2024

Last sale price $320,000 $51 Per Sq Ft

155 Days on Market

About This Home

As of October 2024

Solid yielding investment property with long successful rental history and track record. Five unit building with four 1,040 SF long term rental units and a 2080 SF vacation rental on top level. Well maintained building and grounds. Top level could easily be owner occupied. Call and invest in your future today.

Last Agent to Sell the Property

Bruce Kilmer

Coldwell Banker River Valley, REALTORS License #51135-90 Listed on: 03/24/2024

Coldwell Banker River Valley, REALTORS

Last Buyer's Agent

NON MLS-LAC

NON MLS

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Outside Parking

Home Design

  • 6,240 Sq Ft Home

Community Details

  • Operating Expense $11,000
  • Net Operating Income $25,500

Listing and Financial Details

  • Exclusions: Tenants and sellers personal property.
  • Tenant pays for sewer, water, electricity, heat
  • Assessor Parcel Number 0829404005

Property Details

Home Type

Multi-Family

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.12
  • Inclusions: Appliances and furniture in vacation loft.
  • Directions: 61 N 3 St. Lansing Iowa.
  • Special Features: None

Interior Features

  • Owner Pays: None
  • Has Basement: None

Exterior Features

  • Exclusions: Tenants and sellers personal property.
  • Construction Type: Wood

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Out of State

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 0829404005

Rental Info

  • Tenant Pays: Sewer, Water, Electricity, Heat

Multi Family

  • Property Net Operating Income: 25500
  • Annual Operating Expense: 11000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2024
Closed on
Sep 24, 2024
Sold by
Heckman Kyle and Heckman Maggie
Bought by
Seller's Agent
Bruce Kilmer
Coldwell Banker River Valley, REALTORS
Buyer's Agent
NON MLS-LAC
NON MLS
List Price
$365,000
Sold Price
$320,000
Premium/Discount to List
-$45,000
-12.33%
Views
140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$235,097
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 15, 2020
Closed on
Mar 8, 2021
Sold by
Huber Sharon A and Grimm Sharon A
Bought by
Heckman Kyle and Heckman Maggie
Seller's Agent
Bruce Kilmer
Coldwell Banker Commercial River Valley
Buyer's Agent
Bruce Kilmer
Coldwell Banker Commercial River Valley
List Price
$292,000
Sold Price
$292,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.59%
Original Mortgage
$233,600
Interest Rate
2.73%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$320,000 None Listed On Document
Heckman Kyle $292,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $240,000
Previous Owner Heckman Kyle $233,600
Previous Owner Huber Sharon A $120,878
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2024 10/07/24 Sold $320,000 -12.3% $51 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
03/24/2024 03/24/24 For Sale $365,000 +25.0% $58 / Sq Ft
03/09/2021 03/09/21 Sold $292,000 0.0% $47 / Sq Ft View Prior Sale
12/28/2020 12/28/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $292,000 -- $47 / Sq Ft
Source: Metro MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,662 $333,100 $10,800 $322,300
2024 $6,032 $343,700 $10,800 $332,900
2023 $6,128 $343,700 $10,800 $332,900
2022 $4,986 $207,100 $10,800 $196,300
2021 $5,120 $207,100 $10,800 $196,300
2020 $5,120 $197,500 $10,800 $186,700
2019 $5,760 $197,500 $0 $0
2018 $5,992 $194,600 $0 $0
2017 $5,992 $194,600 $0 $0
2016 $6,162 $194,600 $0 $0
2015 $6,162 $194,600 $0 $0
2014 $6,520 $194,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1868829

Metro MLS
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