NOT LISTED FOR SALE

Estimated Value: $283,000 - $299,282

5 Beds
1 Bath
1,172 Sq Ft
$249/Sq Ft Est. Value

Last Sold August 15, 2014

Last sale price $195,000 $166 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,962/month

33 Days on Market

Highlights

  • Living Room
  • Property is near schools
  • Heating System Uses Steam
  • City High School Rated A-
  • Baseboard Heating

About This Home

As of August 2014

Well maintained investment property in the heart of Iowa City! The upper level offers 3 bedrooms, 1 full bath, large living room, washer/dryer in the unit and a 1 car attached garage. The lower level offers 2 bedrooms, 1 3/4 bath, updated kitchen cabinets and tile flooring, washer/dryer, large daylight windows and a private parking pad. Your tenants will enjoy the large backyard and the location within minutes to campus. Both units are rented through July 30,2015.

Last Agent to Sell the Property

LEE HUEDEPOHL

Keller Williams Legacy Group Listed on: 07/02/2014

Keller Williams Legacy Group

Last Buyer's Agent

Timothy Lehman

Edge Realty Group

Edge Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,902

Year Built

  • Built in 1965

Lot Details

  • 6,011

Interior Spaces

  • 1,172 Sq Ft Home
  • Living Room
  • Oven or Range

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Mann Elementary School
  • Southeast Middle School

Utilities

  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Heating System Uses Steam
  • Internet Available

Additional Features

  • Lot Dimensions are 60x100
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number 1011227008

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $720
  • Maintenance Expense $2,963
  • Gross Income $21,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,902

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Well maintained investment property in the heart of Iowa City! The upper level offers 3 bedrooms, 1 full bath, large living room, washer/dryer in the unit and a 1 car attached garage. The lower level offers 2 bedrooms, 1 3/4 bath, updated kitchen cabinets and tile flooring, washer/dryer, large daylight windows and a private parking pad. Your tenants will enjoy the large backyard and the location within minutes to campus. Both units are rented through July 30,2015.
  • T Val: 195000
  • Year Built: 1965
  • Tax Year Report: 2012
  • Subdivision: Unknown
  • Rental Permit: Yes
  • Directions: Dodge St to Church St to Left on Reno St, Property on the right
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Street Lights, Close to School
  • Basement Remarks: Block, Full, Walkout
  • Possession R: At Closing, Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 1172
  • Lower Level Sq Ft: 624

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Window/Wall Units, Electric, Gas, Baseboard, Steam/Hotwater

Schools

  • Elementary School: Mann
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Mann

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 60x100
  • Zoning: RES

Tax Info

  • Gross Tax County City: 3629
  • Assessor Parcel Number: 1011227008

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2014
Closed on
Aug 12, 2014
Sold by
Hagel Jack L and Hagel Haruyo K
Bought by
Remme Mark and Johnson Christina
Seller's Agent
LEE HUEDEPOHL
Keller Williams Legacy Group
Buyer's Agent
Timothy Lehman
Edge Realty Group
List Price
$194,500
Sold Price
$195,000
Premium/Discount to List
$500
0.26%
Current Estimated Value
$291,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,571
Avg. Annual Appreciation
3.07%
Original Mortgage
$156,000
Outstanding Balance
$107,828
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$164,714

Purchase Details

Closed on
Sep 11, 2007
Sold by
Bradley James J and Bradley Brenda S
Bought by
Hagel Jack and Hagel Jack L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,800
Interest Rate
6.66%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Remme Mark $195,000 None Available
Hagel Jack $187,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Remme Mark $156,000
Previous Owner Hagel Jack $126,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2014 08/15/14 Sold $195,000 +0.3% $166 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $194,500 -- $166 / Sq Ft
Source: Iowa City Area Association 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 $4,902 $260,610 $67,190 $193,420
2023 $4,674 $260,610 $67,190 $193,420
2022 $4,466 $215,620 $62,860 $152,760
2021 $4,614 $215,620 $62,860 $152,760
2020 $4,614 $213,370 $60,690 $152,680
2019 $4,160 $213,370 $60,690 $152,680
2018 $4,160 $189,320 $56,360 $132,960
2017 $4,094 $189,320 $56,360 $132,960
2016 $4,014 $186,210 $56,360 $129,850
2015 $4,014 $186,210 $56,360 $129,850
2014 $3,898 $180,240 $52,020 $128,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20143694

Iowa City Area Association of REALTORS®

APN: 1011227008