NOT LISTED FOR SALE

701 7th Ave Wellman, IA 52356

Estimated Value: $163,056 - $173,000

4 Beds
2 Baths
1,642 Sq Ft
$102/Sq Ft Est. Value

Last Sold June 12, 2024

Last sale price $155,000 $94 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,103/month

63 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Corner Lot
  • Formal Dining Room
  • Separate Formal Living Room
  • Breakfast Area or Nook
  • Porch

About This Home

As of June 2024

Great investment opportunity! 2 Units - each with two bedrooms and 1 bathroom. The main level was recently rented for $800/mo and the upper level recently rented at $800/mo. This property could easily be converted back to single family with 3 bedrooms on the upper level and 1 bedroom plus an office on the main level. Beautiful details in this well maintained home with wide painted woodwork, working pocket door, stained glass window and open staircase. Many updates include: sealed the foundation with water tight paint, newer window a/c units, replaced two registers downstairs, replaced knobs on all registers, repairs as needed on the boiler system, sealed plumbing pipes in the basement, and hired Boyse to replace the sewer lines from the street to house and added a clean out 7 years ago. Seller pays for the utilities averaging $300/mo. Great corner lot with a usable yard and close to the park.

Last Agent to Sell the Property

Jessica Yoder

KALONA REALTY, INC. Listed on: 03/22/2024

Last Buyer's Agent

Katie Sisson

Ruhl&Ruhl, Realtors

Ruhl&Ruhl, Realtors

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 100x124
  • Corner Lot
  • Level Lot

Parking

  • 1 Parking Space

Home Design

  • Frame Construction

Interior Spaces

  • 1,642 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Separate Formal Living Room
  • Formal Dining Room
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main

Unfinished Basement

  • Partial Basement
  • Laundry in Basement

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near schools and shops

Schools

  • Mid Prairie Elementary And Middle School
  • Mid Prairie High School

Utilities

  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0113454009

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0.29 Acres

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1642
  • Homebuilder: unk
  • Owner Name L F Mi: Keifer
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Remarks: Property is being sold in as-is condition.
  • T Val: 155000
  • Year Built: 1900
  • Directions: Hwy 22 into Wellman, North on 7th Ave
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to Shopping, Close to School
  • Basement Remarks: Partial, Unfinished
  • Fireplace Type Location: None
  • Interior R: Cable Available, Foyer-Entrance
  • Kitchen Breakfast R: Breakfast Area, Kit/Dining Rm Comb
  • Lot Description R: Less than .5 Acre, Corner, Level, Sloping
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: Great investment opportunity! 2 Units - each with two bedrooms and 1 bathroom. The main level was recently rented for $800/mo and the upper level recently rented at $800/mo. This property could easily be converted back to single family with 3 bedrooms on the upper level and 1 bedroom plus an office on the main level. Beautiful details in this well maintained home with wide painted woodwork, working pocket door, stained glass window and open staircase. Many updates include: sealed the foundation with water tight paint, newer window a/c units, replaced two registers downstairs, replaced knobs on all registers, repairs as needed on the boiler system, sealed plumbing pipes in the basement, and hired Boyse to replace the sewer lines from the street to house and added a clean out 7 years ago. Seller pays for the utilities averaging $300/mo. Great corner lot with a usable yard and close to the park.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Number Bedrooms Upper: 2
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1642
  • Total Full Baths: 2
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Laundry Location: 1st Floor, Basement, Main
  • Mstr Br Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Patio, Porch

Garage/Parking

  • Parking Spaces: 1 Car, 2 Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Window/Wall Units, Radiant

Schools

  • High School: Mid Prairie
  • Jr Middle School: Mid Prairie
  • Elementary School: Mid Prairie

Lot Info

  • Acreage: 0.29
  • Geo Subdivision: IA
  • Lot Dimensions: 100x124
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 0113454009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Jun 7, 2024
Sold by
Keifer James L and Keifer Kathy June
Bought by
Channel Brody
Seller's Agent
Jessica Yoder
KALONA REALTY, INC.
Buyer's Agent
Katie Sisson
Ruhl&Ruhl, Realtors
List Price
$179,900
Sold Price
$155,000
Premium/Discount to List
-$24,900
-13.84%
Views
121
Current Estimated Value
$168,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,264
Avg. Annual Appreciation
4.98%
Original Mortgage
$147,250
Outstanding Balance
$145,442
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$22,822

Purchase Details

Closed on
Apr 21, 2009
Sold by
Eaton Gilbert
Bought by
Eaton Kathy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2006
Sold by
Kempf Kenneth D and Kempf Ilila Sue
Bought by
Gingerich Alva

Purchase Details

Closed on
Nov 10, 2005
Sold by
Miner Joanna R
Bought by
Eaton Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Channel Brody $155,000 None Listed On Document
Eaton Kathy J $100,000 --
Gingerich Alva -- --
Eaton Gilbert $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Channel Brody $147,250
Previous Owner Eaton Kathy J $80,000
Previous Owner Eaton Gilbert $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $155,000 -3.1% $94 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/13/2024 05/13/24 Price Changed $159,900 -5.9% $97 / Sq Ft
04/18/2024 04/18/24 Price Changed $169,900 -5.6% $103 / Sq Ft
03/22/2024 03/22/24 For Sale $179,900 -- $110 / Sq Ft
Source: Iowa City 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 $2,826 $173,400 $22,100 $151,300
2024 $2,826 $160,500 $22,100 $138,400
2023 $2,688 $160,500 $22,100 $138,400
2022 $2,642 $137,400 $22,100 $115,300
2021 $2,642 $137,400 $22,100 $115,300
2020 $2,508 $125,900 $22,100 $103,800
2019 $2,488 $120,100 $0 $0
2018 $2,270 $113,900 $0 $0
2017 $2,270 $104,500 $0 $0
2016 $2,048 $104,500 $0 $0
2015 $2,048 $104,500 $0 $0
2014 $2,062 $105,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202401613

Iowa City Area Association of REALTORS®

APN: 01-13-454-009

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