620 2nd Ave SE Cresco, IA 52136
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | -- | |
| Warranty Deed | $279,000 | None Available |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20244361
APN: 320-09-03-00-090-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.