NOT LISTED FOR SALE

650 University Ave Dubuque, IA 52001

Estimated Value: $138,000 - $177,000

4 Beds
3 Baths
2,016 Sq Ft
$78/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $169,000 $84 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $938/month

2 Days on Market

About This Home

As of June 2024

Looking to add to your investment portfolio? Check out this fully rented and consistently occupied tri plex on University Ave. 1 one bedroom unit (studio) and 2-two bedroom units. Tenants pay all utilities.

Last Agent to Sell the Property

Aaron Healey

Ruhl & Ruhl Realtors Listed on: 05/20/2024

Last Buyer's Agent

Marcus Anderson

EXIT Unlimited

EXIT Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,226

Year Built

  • Built in 1880

Lot Details

  • 1,873

Home Design

  • Triplex
  • Frame Construction
  • Composition Shingle Roof

Kitchen

  • Range

Utilities

  • Forced Air Heating System
  • Gas Available

Listing and Financial Details

  • Tenant pays for gas, water, electric, heat, trash
  • Month-to-Month Lease Term
  • Assessor Parcel Number 1025130001
  • $5,000 Seller Concession

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $624
  • Real Estate Tax Expense $1,148
  • Net Operating Income $26,428

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,226

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Estimated Total Above Ground Sq Ft: 1344
  • Estimated Finished Sq Ft: 2016
  • Estimated Sq Ft: 2016
  • Estimated Lower Sq Ft: 672
  • Estimated Main Sq Ft: 672
  • Estimated Upper Sq Ft: 672

Exterior Features

  • Roof: Asp/Composite Shingle
  • Siding: Frame/Stucco

Utilities

  • Fuel Type: Gas
  • Heat Type: Forced Air

Condo/Co-op/Association

  • Amenities: Smoke Detectors

Schools

  • Elementary School: Lincoln
  • Middle School: Washington Jr High
  • High School: Dubuque Senior

Lot Info

  • Lot Size: .04
  • Parcel Id Number: 1025130001
  • Zoning: R3

Rental Info

  • Tenant Pays: Gas, Water, Electric, Heat, Trash

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jun 19, 2024
Sold by
Bruns Travis A and Bruns Keisha K
Bought by
Evertree Lofts Llc
Seller's Agent
Aaron Healey
Ruhl & Ruhl Realtors
Buyer's Agent
Marcus Anderson
EXIT Unlimited
List Price
$169,000
Sold Price
$169,000
Views
3
Current Estimated Value
$157,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,189
Avg. Annual Appreciation
-1.27%
Original Mortgage
$135,200
Outstanding Balance
$134,183
Interest Rate
7.02%
Mortgage Type
Credit Line Revolving
Estimated Equity
$32,087

Purchase Details

Closed on
Oct 11, 2021
Sold by
Mcstac Properties Llc
Bought by
Bruns Travis A and Bruns Keisha K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Evertree Lofts Llc $169,000 None Listed On Document
Evertree Lofts Llc $169,000 None Listed On Document
Bruns Travis A -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evertree Lofts Llc $135,200
Closed Evertree Lofts Llc $135,200
Previous Owner Bruns Travis A $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $169,000 0.0% $84 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $169,000 -- $84 / Sq Ft
Source: East Central Iowa 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 $1,226 $85,200 $13,500 $71,700
2023 $1,190 $85,200 $13,500 $71,700
2022 $1,296 $66,580 $13,500 $53,080
2021 $1,296 $66,580 $13,500 $53,080
2020 $1,532 $66,580 $13,500 $53,080
2019 $1,360 $66,580 $13,500 $53,080
2018 $1,438 $55,480 $11,250 $44,230
2017 $1,542 $55,480 $11,250 $44,230
2016 $1,542 $55,120 $11,250 $43,870
2015 $1,616 $55,120 $11,250 $43,870
2014 $826 $44,930 $9,110 $35,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: 149457

East Central Iowa Association of REALTORS®

APN: 10-25-130-001