NOT LISTED FOR SALE

827 Beach Ave Ames, IA 50014

South Campus Area Neighborhood

Estimated Value: $313,000 - $406,000

6 Beds
2 Baths
1,960 Sq Ft
$189/Sq Ft Est. Value

Last Sold June 07, 2018

Last sale price $280,000 $143 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,321/month

1 Day on Market

Highlights

  • 2 Car Detached Garage
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of June 2018

Rare, well located duplex. Current LOC. Fully rented thru 7/19. Updates include new 3rd bedroom on both sides.

Last Agent to Sell the Property

Luke Jensen

Friedrich Iowa Realty/Somerset Listed on: 05/09/2018

Co-Listed By

Dean Jensen

Friedrich Iowa Realty/Somerset

Last Buyer's Agent

Steve Bock

RE/MAX REAL ESTATE CENTER

RE/MAX REAL ESTATE CENTER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,470

Year Built

  • Built in 1949

Lot Details

  • 8,725 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Block Foundation
  • Shingle Siding
  • Cement Board or Planked

Interior Spaces

  • 1,960 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 09-09-427-100

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $528
  • Gross Income $2,340
  • Net Operating Income $1,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,470

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.2
  • Lot Size: NA
  • Co List Office Mls Id: somerset
  • Co List Office Phone: 515-232-6175
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built: 1949
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Laminate: Yes
  • Floor:Tile2: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Concrete Block: Yes
  • Annual Expenses: 528.0
  • Income Expenses Net Income: 1812.0
  • Special Features: None

Interior Features

  • Has Basement: Partial
  • Flooring: Vinyl, Tile, Laminate, Carpet
  • Basement:Partial2: Yes

Exterior Features

  • Construction Type: Shingle Siding, Fiber Cement, Other
  • Foundation Details: Block
  • Exterior:Fiber Cement Board2: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 8725.0
  • Parcel #: 09-09-427-100
  • Zoning: RL

Rental Info

  • Who Pays Trash: Tenant
  • Who Pays Water: Tenant

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 2340.0
  • Property Net Operating Income: 1812.0
  • Annual Operating Expense: 528.0

Tax Info

  • Tax Annual Amount: 2469.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 6, 2018
Sold by
Sieg & Son Llc
Bought by
Timmel Investment Llc
Seller's Agent
Luke Jensen
Friedrich Iowa Realty/Somerset
Buyer's Agent
Steve Bock
RE/MAX REAL ESTATE CENTER
List Price
$279,900
Sold Price
$280,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$370,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,703
Avg. Annual Appreciation
3.77%

Purchase Details

Closed on
Mar 27, 2013
Sold by
Beach Duplex 827 Llc
Bought by
Brinkman Douglas L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
3.48%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Timmel Investment Llc $280,000 --
Brinkman Douglas L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brinkman Douglas L $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2018 06/07/18 Sold $280,000 0.0% $143 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $279,900 -- $143 / Sq Ft
Source: Central Iowa 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
2025 $4,586 $333,200 $61,100 $272,100
2024 $4,490 $316,100 $49,800 $266,300
2023 $3,350 $316,100 $49,800 $266,300
2022 $3,308 $199,100 $49,800 $149,300
2021 $3,324 $199,100 $49,800 $149,300
2020 $3,276 $188,900 $47,200 $141,700
2019 $3,276 $188,900 $47,200 $141,700
2018 $3,090 $176,900 $46,700 $130,200
2017 $3,090 $176,900 $46,700 $130,200
2016 $2,414 $137,100 $36,200 $100,900
2015 $2,414 $137,100 $36,200 $100,900
2014 $2,464 $137,100 $36,200 $100,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Luke Jensen

    Friedrich Iowa Realty/Somerset

  • D

    Seller Co-Listing Agent in 2018

    Dean Jensen

    Friedrich Iowa Realty/Somerset

  • Steve Bock

    Buyer's Agent in 2018

    Steve Bock

    RE/MAX

    (515) 231-1899

    8 in this area

    219 Total Sales

    Steve Bock
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 49413

APN: 09-09-427-100

Iowa Story County Ames 50011 South Campus Area

827 Beach Ave, Ames, IA

Not Listed for Sale

MultiFamily

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