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420 Magnetic Avenue

420 Magnetic Avenue, Cherokee, IA 51012
Property in Cherokee
Sold Jul 31, 2017
$85,000
$86,767 by Central Bank
Mortgage Due Aug 01, 2047
Local assessors in Cherokee, IA have categorized 420 Magnetic Avenue as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 7,900 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 500 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 4 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 are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 420 Magnetic Avenue has a total of 1,951 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 1,096 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 municipal system. Additional features on the property are as follows. There is a mixed used garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 3 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 fair. 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 asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. 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. The property was last sold in Jul 28, 2017 for $85,000. That's $43.57 per sqft. 420 Magnetic Avenue was last assessed in 2023. The total value of the property was assessed at $112,990. Specifically, the land the property is located on was valued at $10,200. While improvements on the property were assessed at a total of $102,790. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,432. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Fair
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Floating floor/laminate
  • Basement Type: Finished improved basement
  • Basement Area: 1,096
  • Garage Type: Mixed use
  • Garage Square Area: 400
  • Parking Space Count: 3
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,900
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,951
  • Gross Building Area: 1,951
  • Building Area: 1,951
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,951
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BURROUGHS MAGNETIC SPRING ADDITION
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • Legal Description 1: S150' E49' LT 2 & S150' W1' LT 3 & N8' S150' E1/2 LT 1 & N8' S150' W17' LT 2 BLK 3 BURROUGHS MAGNETIC SPRING 7346

Ownership

  • Current Owner : VANCE GARY D
  • Current Owner 2: LARSON SHERRY A
  • Previous Owner : MILLER JANE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cherokee Community School District
  • School Tax School District: CHEROKEE
  • Census Tract: 080101

Geography

  • Assessors Map Reference: PM 726308003
  • Section: 26
  • Parcel: 0726308003
  • Block: 3
  • Lot: 1-3
  • Meridian: SEC 26 TWN 92N RNG 40W
  • Municipality: CHEROKEE INC
  • Latitude: 42.7532
  • Longitude: -95.5432

    Address

  • Full Address: 420 Magnetic Ave
  • Address - House Number: 420
  • Address - Street Name: Magnetic
  • Address - Suffix Type: Ave
  • State: IA
  • City Name: Cherokee
  • Carrier Code: C004
  • 4-Digit Zip Code: 1961
  • Zip Code: 51012

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,432

    Appraisal Valuation

  • Standard Deviation: 0.2661
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 145,894
  • High Value: 184,723
  • Low Value: 107,066

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $86,767
  • First Open Lien Mortgage Lender: CENTRAL BANK
  • First Open Lien Mortgage Recording Date: Jul 31, 2017
  • First Open Lien Mortgage Loan Amount: $86,767
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2047

    Market Valuation

  • Market Total Value: $112,990
  • Market Land Value: $10,200
  • Market Improvement Value: $102,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,990
  • Assessed Land Value: $10,200
  • Assessed Improvements Value: $102,790

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2017
  • Current Sale Recording Date: Jul 31, 2017
  • Current Sale Transaction ID: 1732808817
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017 1500

    Last Sale Mortgage

  • First Mortgage Lender: CENTRAL BANK
  • First Mortgage Transaction Date: Jul 31, 2017
  • First Mortgage Loan Amount: $86,767
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

About Cherokee



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Frequently Asked Questions

What neighborhood is 420 Magnetic Avenue located in?
The 420 Magnetic Avenue is a located in the neighborhood of Cherokee in Cherokee, Cherokee.
What is the average sales price for listings in 420 Magnetic Avenue?
The average sales price for units in 420 Magnetic Avenue is $0 currently.

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