NOT LISTED FOR SALE

Estimated Value: $162,000 - $230,000

5 Beds
3 Baths
2,016 Sq Ft
$94/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $140,000 $69 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,288/month

20 Days on Market

About This Home

As of December 2020

Nice Triplex in Leeds that is fully rented. New Roof in 2017 and new Water Heater in 2019. Property is listed at a 10% Cap Rate. There is a 3 BR on the Main Floor and 2 1BR Units on the Second Floor. Seller is also selling investment property located at 2529 Leech, 2113-15 Pierce St, 2021-23 Grandview, 2211-13 Douglas St

Last Listed By

Todd Nashleanas

RE/MAX Experience Listed on: 10/09/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,910

Year Built

  • Built in 1910

Lot Details

  • 6,160 Sq Ft Lot

Home Design

  • 2,016 Sq Ft Home

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 894711257006

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $1,775
  • Net Operating Income $1,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,910

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Legal Description: LEEDS E 77 FT LOTS 28 & 29 BLK 38
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2016
  • Main Level Sq Ft: 1008
  • Sq Ft 2nd Level: 1008
  • Price Per Sq Ft: 69.44

Garage/Parking

  • Off Street Parking: 4

Utilities

  • Air Conditioning Type: Window Unit
  • Flood Insurance: Unverified
  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Type: City
  • Water Type: City
  • Water Sewer Expenses: 145

Schools

  • Elementary School: Leeds
  • Middle School: North Middle
  • High School: North High

Lot Info

  • Acres: 0.14
  • Lot Sq Ft: 6160
  • Parcel Number: 894711257006
  • Zoning: NC4
  • Land Assessment: 6000

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Tenant
  • Paid By Water: Owner

Tax Info

  • Gross Taxes: 1910
  • Tax Class: M-Multi-Res

Multi Family

  • Rental Income: 1775
  • Electric Separate By Unit: Yes
  • Gross Income: 1775
  • Heat Separate By Unit: Yes
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Nov 30, 2020
Sold by
Lennon Properties Llc
Bought by
Billiet Dawn and Billiet Shuan
Seller's Agent
Todd Nashleanas
RE/MAX Experience
Buyer's Agent
Todd Nashleanas
RE/MAX Experience
List Price
$169,000
Sold Price
$140,000
Premium/Discount to List
-$29,000
-17.16%
Total Days on Market
20
Current Estimated Value
$188,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,791
Avg. Annual Appreciation
5.94%
Original Mortgage
$105,000
Outstanding Balance
$95,188
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$85,303

Purchase Details

Closed on
Aug 1, 2014
Sold by
Brower Marilyn and Heimgartner Jan Kay
Bought by
Lennon 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
$62,067
Interest Rate
4.11%
Mortgage Type
Future Advance Clause Open End 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
Billiet Dawn $140,000 None Available
Lennon Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Billiet Dawn $105,000
Previous Owner Lennon Properties Llc $62,067
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $140,000 -17.2% $69 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $169,000 -- $84 / Sq Ft
Source: Northwest 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 $2,804 $161,400 $22,000 $139,400
2023 $2,764 $161,400 $22,000 $139,400
2022 $3,945 $137,800 $18,000 $119,800
2021 $3,160 $136,100 $18,000 $118,100
2020 $1,910 $72,500 $6,000 $66,500
2019 $2,042 $68,600 $0 $0
2018 $2,166 $68,600 $0 $0
2017 $2,100 $63,900 $0 $0
2016 $2,222 $63,900 $0 $0
2015 $2,157 $63,900 $5,400 $58,500
2014 -- $58,700 $5,000 $53,700
Source: Public Records

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Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 811072

Northwest Iowa Regional Board of REALTORS®

APN: 894711257006