NOT LISTED FOR SALE

705 Westgate St Iowa City, IA 52246

Estimated Value: $393,000 - $419,601

6 Beds
2 Baths
1,600 Sq Ft
$256/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $340,000 $212 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,726/month

56 Days on Market

Highlights

  • Living Room
  • 1-Story Property
  • Ceiling Fan
  • West High School Rated A
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of May 2021

Completely remodeled rental duplex.

Last Agent to Sell the Property

Kevin Hanick

Urban Acres Real Estate Listed on: 03/12/2021

Urban Acres Real Estate

Co-Listed By

Sean McIntyre

Urban Acres Real Estate

Last Buyer's Agent

Karen Peterson

Urban Acres Real Estate

Urban Acres Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,950

Year Built

  • Built in 1969

Lot Details

  • 8,233

Home Design

  • Duplex
  • Ceiling Insulation
  • Wood Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Bedroom in Basement
  • Finished Basement Bathroom

Parking

  • Parking Available
  • Off-Street Parking

Schools

  • Horn Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Internet Available

Community Details

  • 2 Units
  • Westgage Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1017155013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,950

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Photo Code1: Broker Loaded
  • Possible Finance: Cash, Conventional
  • T Val: 340000
  • Year Built: 1969
  • Tax Year Report: 2019
  • Subdivision: Westgage
  • Rental Permit: Yes
  • Type Multi Family: 1 Story, Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 1600
  • Basement: Bath Finished, Entrance-Inside, Finished Rooms, Full
  • Laundry: Hookups In Unit
  • Lower Level Sq Ft: 1500

Exterior Features

  • Construction: Wood Siding

Garage/Parking

  • Parking: Off Street, Over 1 Space

Utilities

  • Cooling: Ceiling Fan, Central
  • Heating: Gas, Forced Air
  • Internet: Yes
  • Water Sewer: City Sewer, City Water

Condo/Co-op/Association

  • Amenities: Sidewalks, Street Lights

Schools

  • Elementary School: Horn
  • Middle School: Northwest
  • High School: West
  • High School: West
  • Jr Middle School: Northwest
  • Elementary School: Horn

Green Features

  • Energy Related: Insulation-Ceiling, Water Heater-Gas

Lot Info

  • Zoning: Residential MultiFamily

Tax Info

  • Gross Tax County City: 990
  • Assessor Parcel Number: 1017155013

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
May 6, 2021
Sold by
Corridor Const Svcs Of Ia City Llc
Bought by
Soma Rentals Llc
Seller's Agent
Kevin Hanick
Urban Acres Real Estate
Buyer's Agent
Karen Peterson
Urban Acres Real Estate
List Price
$340,000
Sold Price
$340,000
Current Estimated Value
$409,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,400
Avg. Annual Appreciation
4.26%
Original Mortgage
$340,000
Outstanding Balance
$307,469
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$101,931

Purchase Details

Closed on
Mar 16, 2020
Sold by
Ggreagter Iowa City Housing Fellowship
Bought by
Corridor Const Svcs Of Ia City 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
Soma Rentals Llc $340,000 None Available
Corridor Const Svcs Of Ia City Llc $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soma Rentals Llc $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $340,000 0.0% $213 / Sq Ft
03/12/2021 03/12/21 For Sale $340,000 -- $213 / 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
2025 $6,950 $393,070 $70,090 $322,980
2024 $6,864 $364,860 $60,080 $304,780
2023 $6,090 $364,860 $60,080 $304,780
2022 $5,442 $280,990 $56,740 $224,250
2021 $4,036 $262,770 $56,740 $206,030
2020 $4,036 $186,700 $53,400 $133,300
2019 $990 $186,700 $53,400 $133,300
2018 $0 $173,070 $46,730 $126,340
2017 $0 $173,070 $46,730 $126,340
2016 $0 $167,340 $40,050 $127,290
2015 $0 $167,340 $40,050 $127,290
2014 -- $167,420 $40,050 $127,370
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kevin Hanick

    Urban Acres Real Estate

    Section Image
  • Sean McIntyre

    Seller Co-Listing Agent in 2021

    Sean McIntyre

    Urban Acres Real Estate

    (319) 430-8260

    169 Total Sales

    Sean McIntyre
    Section Image
  • Karen Peterson

    Buyer's Agent in 2021

    Karen Peterson

    Urban Acres Real Estate

    (319) 330-4442

    59 Total Sales

    Karen Peterson
    Section Image

  • J

    Buyer Co-Listing Agent in 2021

    Jason Peterson

    Urban Acres Real Estate

    (319) 330-5220

    79 Total Sales

    Jason Peterson
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202101550

Iowa City Area Association of REALTORS®

APN: 1017155013

Iowa Johnson County Iowa City 52246

705 Westgate St, Iowa City, IA

This home is located at 705 Westgate St, Iowa City, IA 52246 since 12 March 2021 and is currently estimated at $409,400, approximately $255 per square foot. This property was built in 1969. 705 Westgate St is a home located in Johnson County with nearby schools including Ernest Horn Elementary School, Northwest Junior High School, and West 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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