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1501 Truman Drive

1501 Truman Drive, Ames, IA 50010
Property in North West Ames
Sold Jan 13, 2014
$165,000
$85,500 by Wells Fargo Bank
Mortgage Due Oct 01, 2031
Local assessors in Ames, IA have categorized 1501 Truman Drive as a residential type of property. The home was built in 1975 and is 49 years old. The property's lot size has been calculated to be 11,050 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 850 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1501 Truman Drive has a total of 1,112 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,112 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of composition shingle. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1501 Truman Drive sold most recently in Jan 6, 2014 for a total of $165,000. If you work out the math, that's approximately a cost of $148.38 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,038 in taxes each year. 1501 Truman Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $246,600. If we break it down further, the land itself was valued at $47,400. Improvements to the property, however, were assessed at a total of $199,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,112
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,050
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,112
  • Gross Building Area: 1,112
  • Building Area: 1,112
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,112
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PARKVIEW HEIGHTS SD 9TH ADD
  • Land Acres: 0.254
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PARKVIEW HEIGHTS SD 9TH ADD LOT:35 AMES

Ownership

  • Current Owner : THOMAS TIMOTHY W
  • Current Owner 2: THOMAS ANN M
  • Previous Owner : BRUCE M RUTH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Ames Community School District
  • School Tax School District: AMES COMMUNITY
  • Census Tract: 000300

Zoning

  • Zoning: RL

Geography

  • Assessors Map Reference: PM 527376070
  • District: 01001
  • Parcel: 05-27-376-070
  • Lot: 35
  • Meridian: SEC 27 TWN 84N RNG 24W
  • Municipality: AMES CITY
  • Latitude: 42.0526
  • Longitude: -93.6306

    Address

  • Full Address: 1501 Truman Dr
  • Address - House Number: 1501
  • Address - Street Name: Truman
  • Address - Suffix Type: Dr
  • State: IA
  • City Name: Ames
  • Carrier Code: C016
  • 4-Digit Zip Code: 4341
  • Zip Code: 50010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,038
  • Tax Rate Code Area: 01001

    Appraisal Valuation

  • Standard Deviation: 0.1591
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 269,688
  • High Value: 312,622
  • Low Value: 226,754

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $85,500
  • First Open Lien Mortgage Lender: WELLS FARGO BANK
  • First Open Lien Mortgage Recording Date: Sep 03, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $85,500
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2031

    Market Valuation

  • Market Total Value: $246,600
  • Market Land Value: $47,400
  • Market Improvement Value: $199,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,600
  • Assessed Land Value: $47,400
  • Assessed Improvements Value: $199,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 06, 2014
  • Current Sale Recording Date: Jan 13, 2014
  • Current Sale Transaction ID: 1046684712
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014-00000336

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jan 13, 2014
  • First Mortgage Loan Amount: $132,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2034

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Frequently Asked Questions

What neighborhood is 1501 Truman Drive located in?
The 1501 Truman Drive is a located in the neighborhood of North West Ames in North West Ames, Ames.
What is the average sales price for listings in 1501 Truman Drive?
The average sales price for units in 1501 Truman Drive is $0 currently.

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