Seller's Agent in 2024
Steven Burke
Burke Real Estate
(507) 251-0644
57 Total Sales
620 2nd Ave SE Cresco, IA 52136
--
Bed
--
Bath
6,849
Sq Ft
1.19
Acres
Highlights
- Laundry Room
- Heating System Uses Steam
- Level Lot
About This Home
As of December 2024The Cresco Motel is conveniently located along State Hwy 9 near restaurants, a coffee shop, 24-hour convenience store, dollar store and liquor/ gifts. The surrounding neighborhood consists of well-kept residential homes and a great public school system. This 20-room property has a fully furnished 2-bedroom manager apartment, laundry room with 2 washers and dryers, garage and storage container. The large parking lot offers plenty of room for guests while being able to accommodate RVs and large trucks. The roof was replaced in 2017. All furniture, fixtures, cameras and supplies will stay with this turnkey business. Cresco is known as "Iowa's Year 'Round Playground" because of the variety of recreational activities available to our visitors and residents. Cresco also offers a strong economy with many long-term businesses and employment opportunities. Great investment opportunity and the current owners pride shows in this well-maintained motel.
Last Agent to Sell the Property
Burke Real Estate License #B44679 Listed on: 09/27/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,312
Year Built
- Built in 1958
Lot Details
- 1.19 Acre Lot
- Level Lot
Parking
- 30 Open Parking Spaces
Home Design
- Concrete Foundation
- Asphalt Roof
- Block Exterior
Laundry
- Laundry Room
Schools
- Cresco Elementary And Middle School
- Cresco High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Steam
- Radiant Heating System
Community Details
- 20 Units
Listing and Financial Details
- Assessor Parcel Number 320090300090000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 23, 2022
Sold by
Ali Zahid and Ali Rubina
Bought by
Fansco Llc
Total Days on Market
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.22%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 14, 2008
Sold by
Skjeveland Charles and Skjeveland Kathleen A
Bought by
Ali Zahid
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
5.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | -- | |
| Warranty Deed | $279,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $304,000 | Credit Line Revolving | |
| Closed | $288,000 | Credit Line Revolving | |
| Previous Owner | $251,250 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2024 12/23/24 | Sold | $380,000 | -2.6% | $55 / Sq Ft |
| 11/15/2024 11/15/24 | Pending | -- | -- | -- |
| 09/27/2024 09/27/24 | For Sale | $390,000 | -- | $57 / Sq Ft |
Source: Northeast Iowa Regional Board 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 | $6,312 | $228,779 | $45,990 | $182,789 |
| 2023 | $7,154 | $228,779 | $45,990 | $182,789 |
| 2022 | $5,944 | $266,910 | $51,610 | $215,300 |
| 2021 | $5,808 | $266,910 | $51,610 | $215,300 |
| 2020 | $5,924 | $265,310 | $51,610 | $213,700 |
| 2019 | $4,870 | $235,400 | $0 | $0 |
| 2018 | $4,822 | $235,400 | $0 | $0 |
| 2017 | $4,074 | $192,950 | $0 | $0 |
| 2016 | $4,088 | $192,950 | $0 | $0 |
| 2015 | $4,088 | $192,950 | $0 | $0 |
| 2014 | $5,924 | $192,950 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Burke
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20244361
APN: 320-09-03-00-090-000
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