NOT LISTED FOR SALE

700 W Salem Ave Indianola, IA 50125

Estimated Value: $188,000 - $206,916

0.33 Acre
$601,452 Price per Acre
14,375 Sq Ft Lot

Last Sold May 05, 2023

Last sale price $55,000

Est. 261% increase in value since last sale

Current estimated payment $1,285/month

6 Days on Market

About This Lot

As of May 2023

Looking for an affordable lot to build? This lot once hosted Opera guests and friends of the legendary Dr. Robert Larsen. Here is an opportunity to be walking distance to the square and Simpson College. This .33 acre lot is flat and has utilities available. There is 75' of frontage, and at the back of the lot extends to the East. The current gazebo can stay with the lot or the Seller will remove it. R2 zoning allows a Single Family home or Duplex. Rental properties are in demand. The affordability of this lot is ideal for a duplex. Indianola's generous tax abatement 5 year graduated (100/80/60/40/20) makes this lot even more attractive. Contact the City for zoning, building and abatement questions.

Last Agent to Sell the Property

Karey Bishop

Iowa Realty Indianola Listed on: 03/01/2023

Iowa Realty Indianola

Last Buyer's Agent

Karey Bishop

Iowa Realty Indianola Listed on: 03/01/2023

Iowa Realty Indianola

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $188

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 65x47
  • Level Lot
  • Property is zoned R2

Additional Features

  • Electricity Available at Street
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 48120230030

Property Details

Property Type

Land

Est. Annual Taxes

$188

Lot Details

0

Listing Details

  • Property Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Feature: Concrete, Public Sidewalk

Utilities

  • Sewer: City
  • Water: City
  • Electricity: Street
  • Gas: Natural

Lot Info

  • Acres: 0.3300
  • Lot S F: 14305
  • Lot Size: 65X47
  • Lot Type: Flat
  • Assessor Parcel Number: 48120230030
  • Zoning: R2

Tax Info

  • Gross Taxes: 188.00
  • Net Taxes: 188.00

MLS Schools

  • School District: Indianola

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2023
Sold by
Hart Holdings Llc
Bought by
Singleton Reahnna A
Current Estimated Value
$198,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,660
Outstanding Balance
$208,631
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
-$10,152

Purchase Details

Closed on
Aug 15, 2011
Sold by
Fox Crystal S
Bought by
Hart Holding Llc

Purchase Details

Closed on
Apr 2, 2008
Sold by
Hulen Bill L and Hulen Heather A
Bought by
Fox Crystal S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
6.1%
Mortgage Type
Unknown
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
Singleton Reahnna A $180,000 None Listed On Document
Hart Holding Llc -- --
Fox Crystal S $130,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singleton Reahnna A $211,660
Previous Owner Fox Crystal S $130,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold $55,000 0.0% --
03/07/2023 03/07/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $55,000 -- --
Source: Des Moines Area 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
2025 $2,888 $178,100 $32,300 $145,800
2024 $2,850 $159,000 $26,500 $132,500
2023 $2,654 $159,000 $26,500 $132,500
2022 $2,628 $124,600 $26,500 $98,100
2021 $2,666 $124,600 $26,500 $98,100
2020 $2,666 $119,400 $26,500 $92,900
2019 $2,488 $119,400 $26,500 $92,900
2018 $2,382 $0 $0 $0
2017 $2,270 $0 $0 $0
2016 $2,218 $102,300 $0 $0
2015 $2,218 $0 $0 $0
2014 $2,240 $103,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karey Bishop

    Seller's Agent in 2023

    Karey Bishop

    Iowa Realty Indianola

    (515) 229-7344

    195 in this area

    267 Total Sales

    Karey Bishop
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 668390

Des Moines Area Association of REALTORS®

APN: 48120220040

Iowa Warren County Indianola 50125

700 W Salem Ave, Indianola, IA

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.

Des Moines Area Association of REALTORS® 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.

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