Seller's Agent in 2018
Matt Karjalahti
RE/MAX
(641) 260-0672
152 Total Sales
615 East St Grinnell, IA 50112
Estimated Value: $143,000 - $2,447,022
--
Bed
3
Baths
16,498
Sq Ft
$83/Sq Ft
Est. Value
Highlights
- 31 Kitchens
- No HOA
- Baseboard Heating
About This Home
As of October 2018Huge investment potential! 4 apartment buildings with 27 2 bedroom units, 4 1 bedroom units, 14 garage units, 615, 627 & 631 East St, 616 & 628 High St. Very low vacancy. Average rent of about $605.00 for the 2 bedroom units, $450.00 for the one bedroom units, $50.00 for the one stall garages, with laundry income! Most of the units have been greatly renovated and improved. Representing a large fraction of Grinnell's rental marketshare, and in their current condition, these remarkable properties will be able to produce generous income for many years to come. Walking distance to Grinnell College, & Downtown Grinnell. Don't miss out on the opportunity of these proven and producing income properties.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $27,026
Year Built
- Built in 1978
Lot Details
- 1.7
Home Design
- 16,498 Sq Ft Home
- Brick Exterior Construction
- Asphalt Shingled Roof
Parking
- 4 Car Detached Garage
- Driveway
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Municipal Trash
Additional Features
- 31 Kitchens
- 1.7 Acre Lot
Community Details
- No Home Owners Association
- 31 Units
Listing and Financial Details
- Assessor Parcel Number 0502700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 19, 2024
Sold by
Longview Capital Llc
Bought by
Longview Capital Holdings Llc
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Longview Capital Holdings Llc | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Longview Capital Holdings Llc | $4,189,076 | |
| Previous Owner | Ia Properties Coop Inc | $1,912,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2018 10/23/18 | Sold | $1,553,000 | 0.0% | $94 / Sq Ft |
| 10/23/2018 10/23/18 | Sold | $1,553,000 | -3.7% | $94 / Sq Ft |
| 10/23/2018 10/23/18 | Pending | -- | -- | -- |
| 08/08/2018 08/08/18 | Pending | -- | -- | -- |
| 06/10/2018 06/10/18 | For Sale | $1,612,000 | 0.0% | $98 / Sq Ft |
| 05/16/2018 05/16/18 | For Sale | $1,612,000 | -23.2% | $98 / Sq Ft |
| 02/12/2018 02/12/18 | Sold | $2,100,000 | -19.2% | $96 / Sq Ft |
| 10/30/2017 10/30/17 | Pending | -- | -- | -- |
| 04/17/2017 04/17/17 | For Sale | $2,600,000 | -- | $118 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $14,402 | $874,480 | $85,200 | $789,280 |
| 2023 | $13,442 | $874,480 | $85,200 | $789,280 |
| 2022 | $15,692 | $710,870 | $55,620 | $655,250 |
| 2021 | $15,692 | $710,870 | $55,620 | $655,250 |
| 2020 | $13,932 | $553,610 | $50,990 | $502,620 |
| 2019 | $11,342 | $553,610 | $50,990 | $502,620 |
| 2018 | $11,984 | $436,180 | $49,930 | $386,250 |
| 2017 | $12,524 | $436,180 | $49,930 | $386,250 |
| 2016 | $13,668 | $436,180 | $49,930 | $386,250 |
| 2015 | -- | $436,180 | $49,930 | $386,250 |
| 2014 | -- | $379,690 | $46,870 | $332,820 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 562603
APN: 180-0502700
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