NOT LISTED FOR SALE

Estimated Value: $163,000 - $189,736

5 Beds
2 Baths
1,920 Sq Ft
$89/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $160,000 $83 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,176/month

Highlights

  • Living Room
  • Forced Air Heating and Cooling System
  • Dining Room

About This Home

As of April 2022

Calling all investors! This Upper/lower income producing property offers a spacious 3 bed, 1 bath unit on the upper level, and a very nice 2 bedroom, 1 bath on the lower unit. Lower unit is currently rented on a month to month basis at $795/month. Upper unit is vacant and was last rented at $890/month. There's a common space with washer and dryer. Tenants pay their own utilities! If you're looking for a great investment property, look no further! Please allow at least 24 hours for showings.

Last Listed By

Nonmember NONMEMBER

NONMEMBER Listed on: 03/25/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,654

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 60 x 135

Parking

  • 2 Parking Spaces

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1,920 Sq Ft Home
  • Living Room
  • Dining Room
  • Partial Basement

Schools

  • Taylor Elementary School
  • Wilson Middle School
  • Jefferson High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1428378002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,654

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Calling all investors! This Upper/lower income producing property offers a spacious 3 bed, 1 bath unit on the upper level, and a very nice 2 bedroom, 1 bath on the lower unit. Lower unit is currently rented on a month to month basis at $795/month. Upper unit is vacant and was last rented at $890/month. There's a common space with washer and dryer. Tenants pay their own utilities! If you're looking for a great investment property, look no further! Please allow at least 24 hours for showings.
  • Year Built: 1978
  • Tax Year Report: 2022
  • Rental Permit: Yes
  • Directions: East on 8th Ave, South on L Street
  • S O1 Dues Paid: y
  • Amenities: None
  • Basement Remarks: Poured Concrete, Partial
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 1920

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 2 Car

Utilities

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

Schools

  • Elementary School: Taylor
  • Middle School: Wilson
  • High School: Jefferson
  • High School: Jefferson
  • Jr Middle School: Wilson
  • Elementary School: Taylor

Lot Info

  • Lot Dimensions: 60 x 135
  • Zoning: Res - Multi 1-4 Units

Tax Info

  • Gross Tax County City: 2158
  • Assessor Parcel Number: 1428378002

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2015
Sold by
Lucky Dog Properties Llc
Bought by
Compass Investments Llc
Current Estimated Value
$171,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 19, 2009
Sold by
Federal National Mortgage Association
Bought by
Lucky Dog Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,543
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2009
Sold by
First Franklin Financial Corporation
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 4, 2009
Sold by
Perkins Gary A and Perkins Tracy L
Bought by
First Franklin Financial Corporation

Purchase Details

Closed on
Aug 4, 2006
Sold by
Lauderdale Raymond S
Bought by
Perkins Gary A and Perkins Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

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
Compass Investments Llc $100,000 None Available
Lucky Dog Properties Llc -- None Available
Federal National Mortgage Association -- None Available
First Franklin Financial Corporation $102,377 None Available
Perkins Gary A $99,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diverse Holdings Llc $128,000
Closed Compass Investments Llc $80,000
Previous Owner Lucky Dog Properties Llc $59,543
Previous Owner Perkins Gary A $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 For Sale $160,000 0.0% $83 / Sq Ft
04/21/2022 04/21/22 Sold $160,000 -- $83 / 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
2023 $2,654 $122,500 $29,600 $92,900
2022 $2,462 $125,800 $26,500 $99,300
2021 $2,158 $118,800 $26,500 $92,300
2020 $2,158 $97,800 $18,700 $79,100
2019 $2,048 $95,000 $18,700 $76,300
2018 $2,135 $95,000 $18,700 $76,300
2017 $2,010 $92,300 $18,700 $73,600
2016 $1,410 $66,300 $15,900 $50,400
2015 $1,416 $66,518 $15,912 $50,606
2014 $1,416 $65,753 $15,147 $50,606
2013 -- $65,753 $15,147 $50,606
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202205857

Iowa City Area Association of REALTORS®

APN: 14283-78002-00000