NOT LISTED FOR SALE

803 E Burlington St Iowa City, IA 52240

Longfellow Neighborhood

Estimated Value: $172,000 - $279,456

2 Beds
2 Baths
1,096 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $240,000 $219 Per Sq Ft

Current estimated payment $1,679/month

31 Days on Market

Highlights

  • Living Room
  • Property is near schools
  • 4-minute walk to College Green Park
  • City High School Rated A-
  • Forced Air Heating System

About This Home

As of June 2022

Great income property, perfect for owner occupied and rental income. Off street parking and garage that can be rented for extra income, used for storage or rented with units. 2022: Installed new siding and replaced attic windows with gable vents to add additional ventilation. Replaced foundation under the kitchen and garage, Replaced entire kitchen, including new kitchen cabinets, new appliances, countertops, electrical outlets, and floor, including the dining area too. Bathrooms of both apartments updated: new floors, vanities, sinks, toilets, medicine chests, light fixtures, and exhaust fans. Installed PEX plumbing and new fixtures . Installed metal insulated doors with deadbolt locks and metal screen-doors. Installed new garage door. New front deck. Replaced sidewalks in front of property. Roof- 2017 Iowa City Bus stop is located in front of the property. Full basement under each apartment for storage. Updated single paned windows to “no maintenance” double paned replacement windows. On 803 E. Burlington, replaced original stoops with concrete precast stoops with approved metal handrails. Electrical service to both apartments updated

Last Agent to Sell the Property

Robin Sueppel

Urban Acres Real Estate Listed on: 05/10/2022

Urban Acres Real Estate

Co-Listed By

Jerad Krall

Urban Acres Real Estate Corridor

Last Buyer's Agent

Matthew Lepic

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,416

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 70x70

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,096 Sq Ft Home
  • Living Room
  • Oven or Range
  • Unfinished Basement

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Longfellow Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1010485002

Community Details

Overview

  • 2 Units
  • Iowa City Subdivision

Building Details

  • Gross Income $16,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,416

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Great income property, perfect for owner occupied and rental income. Off street parking and garage that can be rented for extra income, used for storage or rented with units. 2022: Installed new siding and replaced attic windows with gable vents to add additional ventilation. Replaced foundation under the kitchen and garage, Replaced entire kitchen, including new kitchen cabinets, new appliances, countertops, electrical outlets, and floor, including the dining area too. Bathrooms of both apartments updated: new floors, vanities, sinks, toilets, medicine chests, light fixtures, and exhaust fans. Installed PEX plumbing and new fixtures . Installed metal insulated doors with deadbolt locks and metal screen-doors. Installed new garage door. New front deck. Replaced sidewalks in front of property. Roof- 2017 Iowa City Bus stop is located in front of the property. Full basement under each apartment for storage. Updated single paned windows to “no maintenance” double paned replacement windows. On 803 E. Burlington, replaced original stoops with concrete precast stoops with approved metal handrails. Electrical service to both apartments updated
  • Year Built: 1928
  • Tax Year Report: 2020
  • Subdivision: IOWA CITY
  • Rental Permit: Yes
  • Directions: At intersection of Burlington St and Lucas St. Driveway on Burlington, can park in back by garage
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School, Close to Shopping, On Bus Line
  • Basement Remarks: Unfinished
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 1096

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 2 Car

Utilities

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

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Longfellow
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Longfellow

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 70x70
  • Zoning: RNS20

Tax Info

  • Gross Tax County City: 3943.02
  • Assessor Parcel Number: 1010485002

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jun 10, 2022
Sold by
Green Thomas L and Green Jane L
Bought by
Matnic Llc
Seller's Agent
Robin Sueppel
Urban Acres Real Estate
Buyer's Agent
Matthew Lepic
Lepic-Kroeger, REALTORS
List Price
$230,000
Sold Price
$240,000
Premium/Discount to List
$10,000
4.35%
Current Estimated Value
$240,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$614
Avg. Annual Appreciation
0.22%
Original Mortgage
$192,000
Outstanding Balance
$180,651
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$61,015
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
Matnic Llc $240,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matnic Llc $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $240,000 +4.3% $219 / Sq Ft
05/10/2022 05/10/22 For Sale $230,000 -- $210 / 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 $4,416 $234,730 $88,640 $146,090
2023 $4,196 $234,730 $88,640 $146,090
2022 $3,900 $190,460 $82,310 $108,150
2021 $3,944 $188,310 $82,310 $106,000
2020 $3,944 $182,360 $80,200 $102,160
2019 $3,684 $182,360 $80,200 $102,160
2018 $3,684 $167,670 $71,760 $95,910
2017 $3,604 $167,670 $71,760 $95,910
2016 $3,534 $163,930 $71,760 $92,170
2015 $3,534 $163,930 $71,760 $92,170
2014 $3,330 $153,910 $63,320 $90,590
Source: Public Records

Agents Affiliated with this Home

  • Robin Sueppel

    Seller's Agent in 2022

    Robin Sueppel

    Urban Acres Real Estate

    (319) 631-0522

    9 in this area

    224 Total Sales

    Robin Sueppel
    Section Image
  • Jerad Krall

    Seller Co-Listing Agent in 2022

    Jerad Krall

    Urban Acres Real Estate Corridor

    8 in this area

    165 Total Sales

    Jerad Krall
    Section Image
  • Matthew Lepic

    Buyer's Agent in 2022

    Matthew Lepic

    Lepic-Kroeger, REALTORS

    (319) 321-7199

    2 in this area

    585 Total Sales

    Matthew Lepic
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202202780

Iowa City Area Association of REALTORS®

APN: 1010485002

Iowa Johnson County Iowa City 52240 Longfellow

803 E Burlington St, Iowa City, IA

This home is located at 803 E Burlington St, Iowa City, IA 52240 since 10 May 2022 and is currently estimated at $240,614, approximately $219 per square foot. This property was built in 1928. 803 E Burlington St is a home located in Johnson County with nearby schools including Longfellow 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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