NOT LISTED FOR SALE

914 Mechanic St Osage, IA 50461

Estimated Value: $180,000 - $250,000

2 Beds
1 Bath
1,160 Sq Ft
$175/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $200,000 $172 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,392/month

67 Days on Market

Highlights

  • Patio
  • Forced Air Heating and Cooling System
  • Level Lot
  • Landscaped
  • Garage

About This Home

As of July 2024

Here is a wonderful opportunity to own a NEW duplex investment property. The exterior has vinyl siding, modern windows, front and rear patios, and a double garage. Both units are completely separated from the other. Each side is two bedrooms, 1.5 baths, second floor laundries, and have 1092 square feet. On the main floor is a large living room/dining area, a modern kitchen with sit-up bar, and a 1/2 bath. The kitchen has a complete set of appliances including a built-in dishwasher and microwave. Upstairs are two bedrooms, a full bath with tub/shower, and a laundry closet with a stack washer/dryer. Mechanicals are easily accessible on the main floor and include forced air heating with central air and water softeners. Both units are currently occupied so you will have immediate rental income. At some point, you could consider living in half while renting the other half out. Closing can be quick. This would also work well in filling an exchange package.

Last Listed By

Philip Kolbet

Kolbet Realtors License #B23079 Listed on: 04/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,512

Year Built

  • Built in 2018

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,160 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry in Hall
  • Laundry on upper level

Parking

  • Garage
  • 2 Open Parking Spaces
  • On-Street Parking

Outdoor Features

  • Patio

Schools

  • Osage Elementary And Middle School
  • Osage High School

Utilities

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

Community Details

  • 2 Units
  • Gross Income $18,600

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, trash collection, water
  • Assessor Parcel Number 1024361003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,512

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Parcel Number: 1024361003
  • Year Built: 2018
  • Property Sub-Type: Duplex
  • ResoLaundryFeatures: 2nd Floor, In Hall, Laundry Closet
  • ResoLotFeatures: Level
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 641-732-3337
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1160
  • Architectural Style: Two Story, Duplex
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Floor Drain, Slab, None

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Sidewalk, Landscaping, Patio
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 2
  • Parking Features: Garage, On Street, Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Separate Meters, Water - Multiple Meters
  • Water Source: City

Schools

  • Elementary School: Osage
  • High School: Osage
  • Middle Or Junior School: Osage

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 18600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2512

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jul 3, 2024
Sold by
Maple View Properties Llp
Bought by
Ctb Investments 1 Llc
Seller's Agent
Philip Kolbet
Kolbet Realtors
Buyer's Agent
Philip Kolbet
Kolbet Realtors
List Price
$250,000
Sold Price
$200,000
Premium/Discount to List
-$50,000
-20%
Total Days on Market
67
Views
8
Current Estimated Value
$202,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,634
Avg. Annual Appreciation
3.64%
Original Mortgage
$160,000
Outstanding Balance
$159,181
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$46,259

Purchase Details

Closed on
Apr 3, 2018
Sold by
Hocken Ryan and Hocken Melissa
Bought by
Maple View Properties Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.45%
Mortgage Type
Credit Line Revolving

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
Ctb Investments 1 Llc $190,000 None Listed On Document
Maple View Properties Llp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ctb Investments 1 Llc $160,000
Previous Owner Maple View Properties Llp $50,000
Previous Owner Maple View Properties Llp $25,000
Previous Owner Maple View Properties Llp $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $200,000 -14.9% $172 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
05/21/2024 05/21/24 Price Changed $235,000 -6.0% $203 / Sq Ft
04/12/2024 04/12/24 For Sale $250,000 -- $216 / 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 $3,154 $226,720 $11,550 $215,170
2023 $2,512 $201,690 $11,550 $190,140
2022 $1,974 $133,000 $11,550 $121,450
2021 $1,974 $107,980 $11,550 $96,430
2020 $518 $66,150 $11,550 $54,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20241432

Northeast Iowa Regional Board of REALTORS®

APN: 1024361003