NOT LISTED FOR SALE

6551 Old River Rd Ely, IA 52227

Estimated Value: $355,000 - $554,412

3 Beds
2 Baths
1,495 Sq Ft
$321/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $475,000 $318 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,954/month

7 Days on Market

Highlights

  • 44.89 Acre Lot
  • Deck
  • Wooded Lot
  • Prairie Ridge Elementary School Rated A-
  • Wood Burning Stove
  • Hydromassage or Jetted Bathtub

About This Home

As of December 2021

Wonderful turn of the century home in need of some TLC. Great land in a great location. Plenty of timber land for the hunting enthusiast or secluded living for a the more private homeowner. Property has a fantastic early century barn in good condition. A great project home or land investment for any buyer. Make sure to check it out today! ** Property is being sold AS-IS, all inspections for buyer's information only. Taking all offers until Wednesday 12/8/2021, offers reviewed at 9:00am on 12/8/2021.

Last Agent to Sell the Property

Star Horak

Pinnacle Realty LLC Listed on: 12/01/2021

Pinnacle Realty LLC

Last Buyer's Agent

Molly Jo Wolfe

COLDWELL BANKER LEE'S TOWN and COUNTRY

COLDWELL BANKER LEE'S TOWN and COUNTRY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,866

Year Built

  • 1912

Lot Details

  • 44.89 Acre Lot
  • Fenced
  • Wooded Lot
  • Property is zoned Ag/R

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,495 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Stove
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • Forced Air Cooling System
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Water Softener Leased
  • Septic System
  • Satellite Dish
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,866

Year Built

1912

Lot Details

0

Listing Details

  • Style: 1.5 Story
  • Acres: 44.8900
  • Above Grade Finished Sq Ft: 1495
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • City Name: Ely
  • Dining Features: Eat-In Kitchen, Formal Dining
  • Gross Tax: 2866
  • List User Cell Phone: 319-538-7671
  • Miscellaneous: Cable Ready, Deck, Fencing, Jetted Tub, Satellite Dish, Storage Shed
  • Net Tax: 2704
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.07955
  • Ratio Close Price By Original Li: 1.07955
  • Ratio Current Price By Sq Ft: 317.73
  • Total Sq Ft: 1495
  • Water Sewer Roads: Septic System, Well Water
  • Zoning: Ag/R
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1912

Interior Features

  • Appliances Included: Disposal, Dryer, Range, Refrigerator, Washer, Water Heater – Electric, Water Softener – Lease
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 2: 3
  • Fireplace Features: Wood Burning Stove
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Room Count: 6
  • Site Description: Wooded

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl, Wood

Garage/Parking

  • Garage/Parking: 2 Cars, Detached

Utilities

  • Heating Cooling: Central Air, Forced Air, Lp Heat

Lot Info

  • Lot Size: 44.89Acre

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Dec 28, 2021
Sold by
Henderson James E and Henderson Janet D
Bought by
Brajul Investments Inc
Seller's Agent
Star Horak
Pinnacle Realty LLC
Buyer's Agent
Molly Jo Wolfe
COLDWELL BANKER LEE'S TOWN and COUNTRY
List Price
$440,000
Sold Price
$475,000
Premium/Discount to List
$35,000
7.95%
Current Estimated Value
$516,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,351
Avg. Annual Appreciation
0.28%
Original Mortgage
$380,000
Outstanding Balance
$326,772
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$153,581
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Brajul Investments Inc $475,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brajul Investments Inc $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $475,000 +8.0% $318 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
12/05/2021 12/05/21 For Sale $440,000 0.0% $294 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $440,000 -- $294 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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
2025 $3,244 $383,100 $117,000 $266,100
2024 $3,086 $362,200 $117,000 $245,200
2023 $3,086 $247,100 $117,000 $130,100
2022 $2,802 $198,500 $117,000 $81,500
2021 $2,064 $198,500 $117,000 $81,500
2020 $2,064 $143,000 $69,500 $73,500
2019 $812 $64,100 $6,400 $57,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2108146

Cedar Rapids Area Association of REALTORS®

APN: 18054-27001-00000