NOT LISTED FOR SALE

703 1st Ave Grinnell, IA 50112

Estimated Value: $414,697

0.57 Acre
$727,539 Price per Acre
24,829 Sq Ft Lot

Last Sold November 28, 2022

Last sale price $390,000 $27 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,053/month

171 Days on Market

About This Lot

As of November 2022

Outstanding commercial building for sale. A 14,400 square foot commercial/retail building new in 1973. HVAC is in great shape with new furnace in 2003, 2006, and another new furnace in 2021 and a new central air unit in 2021. The roof was replaced in 2010 with a Duro-Last Membrane roof manufactured in Sigourney, Iowa. A ten foot overhead door is located on the east side of the building with zero entry for easy loading in and out. Office space, two restrooms, outstanding lighting and ceiling, commercial grade carpeting throughout the retail portion of the building. Great care has been given to this property. If you have a business plan waiting for a building with room to grow, parking, and outstanding visibility, 703 1st Avenue may be the building you've been waiting for. Zoned commercial. Move in ready! If you've priced new construction, see you much your money can buy at 703 1st Avenue

Last Agent to Sell the Property

Kevin Kolbe

Ramsey Weeks Real Estate Listed on: 03/09/2022

Last Buyer's Agent

Dwight Mollison

Ankeny Real Estate Service

Property Details

Property Type

  • Land

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 150 x 165

Listing and Financial Details

  • Assessor Parcel Number 1800804400

Property Details

Property Type

Land

Lot Details

0

Listing Details

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

Exterior Features

  • Street Feature: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Electricity: Lot

Schools

  • School District: GrinnellNewburg

Lot Info

  • Acres: 0.5700
  • Lot S F: 24750
  • Lot Shape: Regular
  • Lot Size: 150 x 165
  • Assessor Parcel Number: 1800804400
  • Zoning: C

Tax Info

  • Gross Taxes: 11781.00
  • Net Taxes: 9004.00
  • Tax Year: 2022

MLS Schools

  • School District: GrinnellNewburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Nov 23, 2022
Sold by
Uhlmann Richard R and Uhlmann Sonja R
Bought by
Grinnell Historical Society
Seller's Agent
Kevin Kolbe
Ramsey Weeks Real Estate
Buyer's Agent
Dwight Mollison
Ankeny Real Estate Service
List Price
$475,000
Sold Price
$390,000
Premium/Discount to List
-$85,000
-17.89%
Views
5
Current Estimated Value
$414,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,697
Avg. Annual Appreciation
3.90%
Original Mortgage
$400,000
Outstanding Balance
$390,205
Interest Rate
7.08%
Mortgage Type
Credit Line Revolving
Estimated Equity
$43,286
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
Grinnell Historical Society $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grinnell Historical Society $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2022 11/28/22 Sold $390,000 -17.9% $27 / Sq Ft
08/27/2022 08/27/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $475,000 -- $33 / Sq Ft
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
2024 -- $383,650 $0 $0
2023 $9,736 $383,650 $0 $0
2022 $9,006 $371,560 $100,430 $271,130
2021 $9,006 $371,560 $100,430 $271,130
2020 $9,098 $371,560 $100,430 $271,130
2019 $6,630 $371,560 $100,430 $271,130
2018 $6,680 $305,030 $83,430 $221,600
2017 $6,490 $305,030 $83,430 $221,600
2016 $6,622 $305,030 $83,430 $221,600
2015 -- $305,030 $83,430 $221,600
2014 -- $305,910 $83,430 $222,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 647291

Des Moines Area Association of REALTORS®

APN: 180-0804400