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521 East Main Street

521 East Main Street, Lake City, IA 51449
Property in Calhoun
Sold Nov 01, 2021
$12,500
$190,050 by United Bank Of Iowa
Mortgage Due Oct 27, 2051
Sold Oct 27, 2021
$422,500
$190,050 by United Bank Of Iowa
Mortgage Due Oct 27, 2051
521 East Main Street in Lake City, IA was first built in 1890 and is 134 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 521 East Main Street has 936 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 372 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 13,068 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a mansard style roof made of asphalt. For those who need parking, there is a detached garage. The garage is 720 sqft. There are a total of 3 available parking spaces. 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 plaster. 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 air conditioning. As for heating, the home is utilizing a heating 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, 521 East Main Street was last sold in Sep 27, 2021 for $12,500. According to our calculations, that's $13.35 per sqft. Prior to that sales transaction, the property was sold for $422,500 in Sep 13, 2021. Current property owners are expected to pay $1,070 in taxes per year. The property on 521 East Main Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $58,930. To break that down further, the land itself was valued at $11,760. While improvements to the property were assessed at a total of $47,170. 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. 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.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: 1890
  • Effective Year Built: 1890
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Composition
  • Interior Walls Type: Plaster
  • Roof Shape Type: Mansard
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 372
  • Garage Type: Detached
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 936
  • Building Area: 936
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 936
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.298
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RESUB O.L. ADD BLOCK 3 LOTS 4 & 5

Ownership

  • Current Owner : SMITH DAVID WILLIAM
  • Current Owner 2: SMITH LAURA ANN
  • Previous Owner : SORENSON RONALD E
  • Previous Owner 2: SORENSON SHIRLEY
  • Owner Before Previous Owner: FRANCK DERRICK R
  • Owner Before Previous Owner 2: FRANCK MARLA J

Neighborhood

  • School District Name: South Central Calhoun Community School District
  • Census Tract: 950400

Geography

  • Parcel: 863318228002
  • Block: 3
  • Meridian: SEC 18 TWN 86N RNG 33W
  • Municipality: LAKE CITY
  • Latitude: 42.2671
  • Longitude: -94.7277

    Address

  • Full Address: 521 E Main St
  • Address - House Number: 521
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IA
  • City Name: Lake City
  • Carrier Code: C002
  • 4-Digit Zip Code: 1818
  • Zip Code: 51449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,070

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $190,050
  • First Open Lien Mortgage Lender: UNITED BANK OF IOWA
  • First Open Lien Mortgage Recording Date: Oct 27, 2021
  • First Open Lien Mortgage Loan Amount: $190,050
  • 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: Oct 27, 2051

    Market Valuation

  • Market Total Value: $58,930
  • Market Land Value: $11,760
  • Market Improvement Value: $47,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,930
  • Assessed Land Value: $11,760
  • Assessed Improvements Value: $47,170

    Sales

  • Current Sale Contract Date: Sep 27, 2021
  • Current Sale Recording Date: Nov 01, 2021
  • Current Sale Transaction ID: 11879449994
  • Current Sale Price: $12,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1904
  • Previous Sale Recording Date: Oct 27, 2021
  • Previous Sale Contract Date: Sep 13, 2021
  • Previous Sale Amount: $422,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: UNITED BANK OF IOWA
  • Previous Mortgage Transaction Date: Oct 27, 2021
  • Previous Mortgage Loan Amount: $190,050
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 27, 2051

About Lake City



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Frequently Asked Questions

What neighborhood is 521 East Main Street located in?
The 521 East Main Street is a located in the neighborhood of Calhoun in Lake City, Lake City.
What is the average sales price for listings in 521 East Main Street?
The average sales price for units in 521 East Main Street is $0 currently.

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