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514 North 7th Street

514 North 7th Street, Osage, IA 50461
Property in Mitchell
Sold Dec 20, 2023
$145,000
$138,642 by New American Funding
Mortgage Due Jan 01, 2054
Sold Nov 08, 2017
$80,000
514 North 7th Street has been categorized by the local assessors in Osage, IA as a residential type of property. The building on the property was first built in 1910 and is 114 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 514 North 7th Street has 1,792 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 908 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,280 ft and across the front of the lot is 760 ft. The area measurement of the land has been determined as 9,728 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a hip style roof made of asphalt. The exterior walls of the building are made of wood siding. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 514 North 7th Street was last sold in Dec 19, 2023 for $145,000. According to our calculations, that's $80.92 per sqft. Prior to that sales transaction, the property was sold for $80,000 in Oct 26, 2017. Current property owners are expected to pay $1,208 in taxes per year. The property on 514 North 7th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $89,580. To break that down further, the land itself was valued at $13,170. While improvements to the property were assessed at a total of $76,410. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Fair
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 908
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 9,728
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 760
  • Total Building Area: 1,792
  • Gross Building Area: 1,792
  • Building Area: 1,792
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,792
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.223
  • Standard Land Use Code: Single family residential
  • Legal Description 1: S 66' LOTS 5-6, N 1/2 ADJ E-W ALLEY BLK 61

Ownership

  • Current Owner : BONOFFSKI MICHAEL THOMAS
  • Current Owner 2: BONOFFSKI NATASHA LYNN
  • Previous Owner : WESTLING JACOB A
  • Owner Before Previous Owner: BREMER CHRISTOPHER
  • Owner Before Previous Owner 2: BREMER ERIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Osage Community School District
  • School Tax School District: OSAGE SCHOOL
  • Census Tract: 560300

Geography

  • Assessors Map Reference: PM 1024304002
  • Section: 24
  • Parcel: 1024304002
  • Block: 61
  • Lot: 5,6
  • Municipality: OSAGE
  • Latitude: 43.2886
  • Longitude: -92.8108

    Address

  • Full Address: 514 N 7th St
  • Address - House Number: 514
  • Street Direction: N
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: IA
  • City Name: Osage
  • Carrier Code: C003
  • 4-Digit Zip Code: 1354
  • Zip Code: 50461

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,208

    Appraisal Valuation

  • Standard Deviation: 0.2621
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 121,408
  • High Value: 153,234
  • Low Value: 89,582

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $138,642
  • First Open Lien Mortgage Lender: NEW AMERICAN FUNDING
  • First Open Lien Mortgage Recording Date: Dec 20, 2023
  • First Open Lien Mortgage Loan Amount: $138,642
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Market Valuation

  • Market Total Value: $89,580
  • Market Land Value: $13,170
  • Market Improvement Value: $76,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,580
  • Assessed Land Value: $13,170
  • Assessed Improvements Value: $76,410

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Transaction ID: 11918767562
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1876
  • Previous Sale Recording Date: Nov 08, 2017
  • Previous Sale Contract Date: Oct 26, 2017
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW AMERICAN FUNDING
  • First Mortgage Transaction Date: Dec 20, 2023
  • First Mortgage Loan Amount: $138,642
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2054

About Osage



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Frequently Asked Questions

What neighborhood is 514 North 7th Street located in?
The 514 North 7th Street is a located in the neighborhood of Mitchell in Osage, Osage.
What is the average sales price for listings in 514 North 7th Street?
The average sales price for units in 514 North 7th Street is $0 currently.

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