NOT LISTED FOR SALE

705 Richings St Charles City, IA 50616

Estimated Value: $63,000 - $127,989

4 Beds
2 Baths
1,400 Sq Ft
$73/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $93,200 $67 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $719/month

30 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Garage
  • 1-Story Property

About This Home

As of February 2018

1. 705 Richings Apartment 1…..Tenant pays gas and electricity. (Avg. $54/month) Tenant pays water, sewer, and garbage fees. Current rental income is $475 per month.(tenant here for 9 years) There is no lease, 30 day agreement 2. 707 Richings Apartment 2…. Tenant pays gas and electricity. (Avg. $86/month) Tenant pays water, sewer, and garbage fees. Current rental income is $525 per month. Lease up 2/28/18. Tenants do lawn mowing and snow removal. **SPECIAL NOTE: Basement floor drain seepage only. Not hooked to street line. Vinyl siding, full unfinished block basements under each unit, asphalt roofs, all appliances owned by landlord(except the washer and dryer in 707 & 705 Richings)

Last Agent to Sell the Property

Connie Parson

Parson Real Estate License #B05882 Listed on: 12/12/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,662

Year Built

  • Built in 1968

Lot Details

  • 8,118 Sq Ft Lot
  • Lot Dimensions are 123 x 66
  • Corner Lot

Parking

  • Garage

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Laundry on lower level

Schools

  • Charles City Elementary And Middle School
  • Charles City High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, lawn care, snow removal, trash collection, water
  • Assessor Parcel Number 110143500500

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $4,230
  • Gross Income $12,000
  • Net Operating Income $7,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,662

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Parcel Number: 110143500500
  • Year Built: 1968
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • ResoLotFeatures: Corner Lot
  • Lot Size Acres: 0.19
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 641-228-6597
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1400
  • Architectural Style: One Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Below Grade Sq Ft: 1400

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Parking Features: Detached, Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Separate Meters
  • Water Source: City

Schools

  • Elementary School: Charles City
  • High School: Charles City
  • Middle Or Junior School: Charles City

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 123 x 66
  • Lot Size Sq Ft: 8118
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Lawn Care, Snow Removal, Trash Collection, Water
  • Lease Term: Month To Month

Multi Family

  • Gross Income: 12000
  • Operating Expense: 4229.84
  • Number Of Units Total: 2
  • Net Operating Income: 7770

Tax Info

  • Tax Annual Amount: 1662

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2017
Closed on
Feb 5, 2018
Sold by
Wolf Lorene Est
Bought by
Golly Lance M and Golly Renae C
Seller's Agent
Connie Parson
Parson Real Estate
List Price
$95,000
Sold Price
$93,200
Premium/Discount to List
-$1,800
-1.89%
Current Estimated Value
$102,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,297
Avg. Annual Appreciation
1.28%
Original Mortgage
$69,900
Outstanding Balance
$60,099
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$42,398
Source: Public Records

Range of Values:

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Average Value
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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
Golly Lance M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golly Lance M $69,900
Previous Owner Wolf Willard F $169,748
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2018 02/26/18 Sold $93,200 0.0% $67 / Sq Ft
01/25/2018 01/25/18 Off Market $93,200 -- --
12/12/2017 12/12/17 For Sale $95,000 -- $68 / Sq Ft
Source: Northeast Iowa Regional Board 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 $1,924 $108,440 $11,320 $97,120
2023 $1,792 $108,440 $11,320 $97,120
2022 $1,786 $84,990 $11,320 $73,670
2021 $1,796 $84,990 $11,320 $73,670
2020 $1,796 $84,990 $11,320 $73,670
2019 $1,720 $87,070 $8,190 $78,880
2018 $1,606 $80,790 $8,190 $72,600
2017 $1,662 $80,790 $8,190 $72,600
2016 $1,634 $80,790 $8,190 $72,600
2015 $1,634 $82,050 $8,190 $73,860
2014 -- $82,050 $8,190 $73,860
Source: Public Records

Agents Affiliated with this Home

  • Connie Parson

    Seller's Agent in 2018

    Connie Parson

    Parson Real Estate

    (641) 220-3660

    153 in this area

    193 Total Sales

    Connie Parson
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20176632

Northeast Iowa Regional Board of REALTORS®

APN: 11-01-435-005-00

Iowa Floyd County Charles City 50616

705 Richings St, Charles City, IA

This home is located at 705 Richings St, Charles City, IA 50616 since 12 December 2017 and is currently estimated at $102,497, approximately $73 per square foot. This property was built in 1968. 705 Richings St is a home located in Floyd County with nearby schools including Charles City High School and Immaculate Conception 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.

Northeast Iowa Regional Board 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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