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Tipton 52772
59 WALNUT Street
$20,500
● House - Off Market

59 WALNUT Street

Tipton, IA 52772
bedrooms
2 Beds
bathrooms
1 Bath
square feet
676 Ft²
$164
Est. Monthly

About This Property

Why rent when you can own this handyman special!  This cozy cottage features a spacious approximately 676 square feet, eat-in kitchen, 2 beds, 1 bath, detached garage, and all on a nice sized lot.  Bring the contractor needs updates and repairs to make move-in ready, but there are lots of possibilities!
Unit Size
676 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$28
Property Type
House
Property Taxes
$70
HOA Dues
-
Year Built
1938

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 10
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 24
  • Basement Type: 6
  • Basement Area: 338
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,100
  • Total Building Area: 676
  • Building Area: 676
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 676
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY OF TIPTON
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • Legal Description 1: TIPTON LOT 5 BLK 44

Neighborhood

  • School District Name: Tipton Community School District
  • School Tax School District: TIPTON
  • School Tax District Code 2: TIPTON CITY
  • Census Tract: 450300

Geography

  • Parcel: 048011061830070
  • Block: 44
  • Lot: 5
  • Municipality: TIPTON CORP-UR
  • Latitude: 41.7655
  • Longitude: -91.1245

    Address

  • Full Address: 59 Walnut St
  • Address - House Number: 59
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IA
  • City Name: Tipton
  • Carrier Code: C002
  • 4-Digit Zip Code: 1838
  • Zip Code: 52772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $832,021
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 485

    Appraisal Valuation

  • Standard Deviation: 0.2751
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 60
  • Final Value: 89,390
  • High Value: 113,984
  • Low Value: 64,797

    Market Valuation

  • Market Total Value: $69,170
  • Market Land Value: $13,750
  • Market Improvement Value: $55,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,170
  • Assessed Land Value: $13,750
  • Assessed Improvements Value: $55,420

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2023
  • Current Sale Recording Date: Nov 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2897
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tipton

Stats & Trends

Median Asking:

$137,450

Sale Price/ft²

$111

Above Asking

0.00%

Average Days on Market

106

Average Home Size

1032 ft²

Average Home Age

-

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Cheryl Rabin, REALHome Services and Solutions, Inc.
Data Source: MRED, MLS# MRDQC4247768
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 59 Walnut Street built and last sold?
The property at 59 Walnut Street was built in 1938 and last sold on Oct 11, 2023 for $68,700.
How much is this home worth?
The estimated value of the home located at 59 Walnut Street is $0.
What are some comparable homes to 59 Walnut Street?
There are currently no comparable homes to 59 Walnut Street.
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