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505 7th Street

505 7th Street, Maxwell, IA 50161
Property in Story
Sold Jun 03, 2015
$116,500
$118,877 by Lincoln Savings Bank
Mortgage Due Jul 01, 2045
505 7th Street in Maxwell, IA was first built in 1970 and is 54 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a a-frame style. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 505 7th Street has 1,116 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,116 sqft and has been categorized as a finished improved basement. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 11,250 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable style roof made of asphalt. Water for the property is sourced from none system. We do not have data on where the property's water is sourced from. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of a material which is produced from two or more constituent materials. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 505 7th Street sold most recently in May 20, 2015 for a total of $116,500. If you work out the math, that's approximately a cost of $104.39 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 $2,804 in taxes each year. 505 7th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $181,300. If we break it down further, the land itself was valued at $26,800. Improvements to the property, however, were assessed at a total of $154,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1970
  • Effective Year Built: 1970
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: A-frame
  • Exterior Walls Type: Composition
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 1,116
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,116
  • Gross Building Area: 1,116
  • Building Area: 1,116
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,116
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND PARK ADD (MAXWELL)
  • Land Acres: 0.258
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIGHLAND PARK ADD W75' LOTS 10 11 & 12 BLK 1

Ownership

  • Current Owner : MCGRATH SEAN M
  • Current Owner 2: MCGRATH ANDREA M
  • Previous Owner : CAMP MATTHEW
  • Previous Owner 2: CAMP MOLLY CHRISTINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Collins-Maxwell Community School District
  • School Tax School District: COLLINS-MAXWELL
  • Census Tract: 010200

Geography

  • Assessors Map Reference: PM 1522376320
  • District: 08059
  • Parcel: 15-22-376-320
  • Block: 1
  • Lot: 10-12
  • Meridian: SEC 22 TWN 82N RNG 22W
  • Municipality: MAXWELL CITY
  • Latitude: 41.8943
  • Longitude: -93.398

    Address

  • Full Address: 505 7th St
  • Address - House Number: 505
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: IA
  • City Name: Maxwell
  • Carrier Code: R302
  • 4-Digit Zip Code: 2041
  • Zip Code: 50161

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,804
  • Tax Rate Code Area: 08059

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 216,130
  • High Value: 257,960
  • Low Value: 174,301

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $118,877
  • First Open Lien Mortgage Lender: LINCOLN SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jun 03, 2015
  • First Open Lien Mortgage Loan Amount: $118,877
  • 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: Jul 01, 2045

    Market Valuation

  • Market Total Value: $181,300
  • Market Land Value: $26,800
  • Market Improvement Value: $154,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,300
  • Assessed Land Value: $26,800
  • Assessed Improvements Value: $154,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 20, 2015
  • Current Sale Recording Date: Jun 03, 2015
  • Current Sale Transaction ID: 1217307470
  • Current Sale Price: $116,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-00004877

    Last Sale Mortgage

  • First Mortgage Lender: LINCOLN SAVINGS BANK
  • First Mortgage Transaction Date: Jun 03, 2015
  • First Mortgage Loan Amount: $118,877
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2045

About Maxwell



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Frequently Asked Questions

What neighborhood is 505 7th Street located in?
The 505 7th Street is a located in the neighborhood of Story in Maxwell, Maxwell.
What is the average sales price for listings in 505 7th Street?
The average sales price for units in 505 7th Street is $0 currently.

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