NOT LISTED FOR SALE

638 7th St Nevada, IA 50201

Estimated Value: $186,000 - $288,000

3 Beds
3 Baths
1,300 Sq Ft
$179/Sq Ft Est. Value

Last Sold March 22, 2018

Last sale price $151,000 $116 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,522/month

24 Days on Market

Highlights

  • Storage
  • Property is near schools
  • Central Vacuum
  • Central Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of March 2018

Nice Triplex in good condition located one block off of Nevada's main street.

Spacious 3 bedroom units. Brick Exterior building. Great option as owner occupied or strictly as an investment property.

Last Agent to Sell the Property

Jim Horstman

Friedrich Realty Listed on: 01/26/2018

Last Buyer's Agent

Megan Schultz

United Real Estate Pro.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,400

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,300 Sq Ft Home
  • Central Vacuum
  • Storage
  • Walk-Out Basement

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • 8,400 Sq Ft Lot
  • Property is near schools

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 11-07-260-680

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.19
  • Architectural Style: Other
  • Garage Yn: No
  • Year Built: 1961
  • Basement Walkout: Yes
  • Special Features: None

Interior Features

  • Has Basement: Walkout
  • Flooring: Laminate, Carpet
  • Interior Amenities: Central Vacuum
  • Features:Storage Units: Yes

Exterior Features

  • Construction Type: Shingle, Brick
  • Foundation Details: Block

Garage/Parking

  • Keywords:Garage Capacity3: None
  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Nevada

Lot Info

  • Lot Size Sq Ft: 8400.0
  • Parcel #: 11-07-260-680
  • Zoning: Multi Res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4402.93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Mar 15, 2018
Sold by
Krupp Rentals Nevada Llc
Bought by
Wierson Ryan J and Wierson Alyssa S
Seller's Agent
Jim Horstman
Friedrich Realty
Buyer's Agent
Megan Schultz
United Real Estate Pro.
List Price
$155,000
Sold Price
$151,000
Premium/Discount to List
-$4,000
-2.58%
Current Estimated Value
$233,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,054
Avg. Annual Appreciation
5.35%
Original Mortgage
$151,000
Outstanding Balance
$130,790
Interest Rate
4.38%
Mortgage Type
Unknown
Estimated Equity
$89,576
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wierson Ryan J $150,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wierson Ryan J $151,000
Previous Owner Krupp Rentals Nevada Llc $245,000
Previous Owner Krupp Rentals Nevada Llc $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2018 03/22/18 Sold $151,000 -2.6% $116 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $155,000 -- $119 / Sq Ft
Source: Central Iowa Board 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 $2,670 $165,000 $39,100 $125,900
2023 $2,926 $165,000 $39,100 $125,900
2022 $3,414 $148,700 $27,300 $121,400
2021 $3,676 $148,700 $27,300 $121,400
2020 $3,860 $148,700 $27,300 $121,400
2019 $3,860 $148,700 $27,300 $121,400
2018 $4,612 $151,600 $23,100 $128,500
2017 $4,612 $151,600 $23,100 $128,500
2016 $4,600 $138,600 $23,100 $115,500
2015 $4,600 $138,600 $23,100 $115,500
2014 $4,862 $138,600 $23,100 $115,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 48739

APN: 11-07-260-680