NOT LISTED FOR SALE

701 Perry Ct Iowa City, IA 52245

Eastside Neighborhood

Estimated Value: $298,000 - $342,000

5 Beds
2 Baths
1,664 Sq Ft
$196/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $280,000 $168 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,183/month

97 Days on Market

Highlights

  • Corner Lot
  • Breakfast Area or Nook
  • Attached Carport
  • City High School Rated A-
  • Front Porch
  • Property is near schools

About This Home

As of March 2024

Investor Alert! Nice duplex on the East side of Iowa City. 701 is rented for $1010 through July 2024. 701 is a 2 bedroom, 1 Bath unit with a large storage in basement. 703 is current vacant, projected rent of $1625. Spacious 3 Bedroom, 2 Bath unit with large finished basement, potential to add another bedroom. Fresh Paint and new flooring installed 2023. 2 Stall attached garage. Both units have washer/dryer. Tenants responsible for all utilities. 24 Hour notices for occupied unit. One owner licensed to sell real estate in Iowa.

Last Agent to Sell the Property

Bryant Nicholson

Affinity Real Estate Services Listed on: 11/18/2023

Affinity Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,364

Year Built

  • Built in 1983

Lot Details

  • Lot Dimensions are 75 x 137
  • Corner Lot

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Ceiling Fan
  • Living Room with Fireplace
  • Vinyl Flooring
  • Finished Basement
  • Laundry in Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Attached Carport
  • Off-Street Parking

Schools

  • Lucas Elementary School
  • Southeast Middle School

Additional Features

  • Front Porch
  • Property is near schools
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1013286001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,400
  • Maintenance Expense $1,500
  • Operating Expense $9,966
  • Gross Income $31,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,364

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Directions: E on Muscatine Ave, N on Dover, W on Perry
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: In Basement, Main Level
  • ResoLotFeatures: Corner Lot
  • Income And Expenses Maintenance Expense: 1500.0
  • Reso Association Fee Includes: None
  • MLS Status: Sold
  • Subdivision Name: Unknown
  • Above Grade Finished Sq Ft: 1664.0
  • Reso Fireplace Features: In LL
  • Reso Interior Features: Breakfast Area, Other
  • New Construction: No
  • Tax Year: 2022
  • List Office Type: Regular
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range Or Oven, Refrigerator, Dryer, Microwave, Washer
  • Basement: Finished
  • Flooring: Vinyl
  • Below Grade Sq Ft: 700.0
  • Fireplaces: 1

Exterior Features

  • Construction Type: Vinyl, Frame
  • ExteriorFeatures: Front Porch

Garage/Parking

  • Open Parking Spaces: 4.0
  • Parking Features: Attached Carport, Off Street
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Ceiling Fans, Central Air
  • Heating: Forced Air
  • Gas Annually: 0
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Close To School
  • Association Fee Frequency: Annually
  • Association Fee Text: 0

Schools

  • High School: City
  • Elementary School: Lucas
  • Middle Or Junior School: Southeast

Lot Info

  • Zoning: Residential
  • Lot Dimensions: 75 x 137
  • Parcel #: 1013286001

Green Features

  • Green Indoor Air Qlty: Smoke Detectors, Carbon Monoxide Detecors
  • Green Verification: No

Rental Info

  • Lease Value: 0
  • Renting Allowed: Yes

Multi Family

  • Units Total: 2
  • Annual Gross Income: 31620.0
  • Insurance Expense: 1400.0
  • Annual Operating Expense: 9966.34

Tax Info

  • Tax Annual Amount: 5364.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2023
Closed on
Feb 27, 2024
Sold by
Dynamic Homes Llc
Bought by
Mulder Ronald A
Seller's Agent
Bryant Nicholson
Affinity Real Estate Services
List Price
$289,000
Sold Price
$280,000
Premium/Discount to List
-$9,000
-3.11%
Views
311
Current Estimated Value
$326,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,476
Avg. Annual Appreciation
6.31%
Original Mortgage
$274,926
Outstanding Balance
$271,651
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$36,219

Purchase Details

Closed on
Oct 17, 2019
Sold by
Freyenberger Barbara J
Bought by
Dynamic Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2019
Sold by
Freyenberger Barbara J
Bought by
Dynamic Homes Llc
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
Mulder Ronald A $280,000 None Listed On Document
Dynamic Homes Llc $175,000 None Available
Dynamic Homes Llc $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulder Ronald A $274,926
Previous Owner Dynamic Homes Llc $180,000
Closed Dynamic Homes Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $280,000 -3.1% $168 / Sq Ft
11/18/2023 11/18/23 For Sale $289,000 -- $174 / Sq Ft
Source: Iowa City 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
2024 $5,508 $292,820 $57,090 $235,730
2023 $5,364 $292,820 $57,090 $235,730
2022 $5,124 $247,440 $49,480 $197,960
2021 $5,088 $247,440 $49,480 $197,960
2020 $5,088 $235,320 $45,680 $189,640
2019 $4,614 $235,320 $45,680 $189,640
2018 $4,614 $209,980 $41,870 $168,110
2017 $4,416 $209,980 $41,870 $168,110
2016 $4,330 $200,910 $34,260 $166,650
2015 $4,330 $200,910 $34,260 $166,650
2014 $4,350 $201,110 $34,260 $166,850
Source: Public Records

Agents Affiliated with this Home

  • Bryant Nicholson

    Seller's Agent in 2024

    Bryant Nicholson

    Affinity Real Estate Services

    (319) 853-3555

    2 in this area

    105 Total Sales

    Bryant Nicholson
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202306004

Iowa City Area Association of REALTORS®

APN: 1013286001

Iowa Johnson County Iowa City 52245 Eastside

701 Perry Ct, Iowa City, IA

This home is located at 701 Perry Ct, Iowa City, IA 52245 since 18 November 2023 and is currently estimated at $326,476, approximately $196 per square foot. This property was built in 1983. 701 Perry Ct is a home located in Johnson County with nearby schools including Robert Lucas Elementary School, Southeast Junior High School, and City High School.

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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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