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761 8th Street

761 8th Street, Marion, IA 52302
Property in Linn
Sold Apr 09, 2014
$68,000
$1,920,000
Mortgage Due Jul 15, 2024
Sold Jul 30, 2010
$54,500
$46,800 by Center Point Bank & Trust Comp
Mortgage Due Jul 29, 2017
Local assessors in Marion, IA have categorized 761 8th Street as a residential type of property. The home was built in 1870 and is 154 years old. The property's lot size has been calculated to be 3,485 square feet. The linear feet between the front and back of the lot was measured at 600 ft and the front of the lot was measured at 550 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. 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 761 8th Street has a total of 1,479 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. 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 asbestos shingle were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. The home's a gravity heating system is the primary heating source. The property was last sold in Apr 7, 2014 for $68,000. That's $45.98 per sqft. Prior to that sales transaction, the property was also sold in Jul 29, 2010 for $54,500. 761 8th Street was last assessed in 2023. The total value of the property was assessed at $96,100. Specifically, the land the property is located on was valued at $11,600. While improvements on the property were assessed at a total of $84,500. 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 $1,350. The initial tax year of delinquency was in 2021. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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: 1870
  • Effective Year Built: 1870
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Construction Type: Frame
  • Exterior Walls Type: Asbestos shingle
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 720
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,479
  • Gross Building Area: 1,479
  • Building Area: 1,479
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gravity
  • Heated Square Feet: 1,479
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ORIGIANL TOWN NOW CITY OF MARION
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: O T S55' LOT 4 BLK 11

Ownership

  • Current Owner : LK PROPERTIES LLC
  • Previous Owner : CENTER POINT BANK & TRUST CO
  • Owner Before Previous Owner: DIPPEL GARY LEE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marion Independent School District
  • School Tax School District: MARION IND
  • Census Tract: 000300

Geography

  • Parcel: 14-01-1-10-004-0-0000
  • Block: 11
  • Lot: 4
  • Meridian: SEC 01 TWN 83N RNG 7W
  • Municipality: MARION
  • Latitude: 42.0338
  • Longitude: -91.6014

    Address

  • Full Address: 761 8th St
  • Address - House Number: 761
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: IA
  • City Name: Marion
  • Carrier Code: C021
  • 4-Digit Zip Code: 5761
  • Zip Code: 52302

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,350
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: MARION CIT

    Appraisal Valuation

  • Standard Deviation: 0.2629
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 62
  • Final Value: 162,202
  • High Value: 204,861
  • Low Value: 119,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,920,000
  • First Open Lien Mortgage Recording Date: Jul 24, 2019
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $1,920,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Land Contract (Argmt. Of Sale)
  • First Open Lien Mortgage Loan Due Date: Jul 15, 2024

    Market Valuation

  • Market Total Value: $96,100
  • Market Land Value: $11,600
  • Market Improvement Value: $84,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,100
  • Assessed Land Value: $11,600
  • Assessed Improvements Value: $84,500

    Sales

  • Current Sale Contract Date: Apr 07, 2014
  • Current Sale Recording Date: Apr 09, 2014
  • Current Sale Transaction ID: 1180305197
  • Current Sale Price: $68,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 30, 2010
  • Previous Sale Contract Date: Jul 29, 2010
  • Previous Sale Amount: $54,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LINN AREA CU
  • First Mortgage Transaction Date: Apr 09, 2014
  • First Mortgage Loan Amount: $54,400
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Apr 07, 2019

    Previous Mortgages

  • Previous Mortgage Lender: CENTER POINT BANK & TRUST COMP
  • Previous Mortgage Transaction Date: Jul 30, 2010
  • Previous Mortgage Loan Amount: $46,800
  • Previous Mortgage Term: 83
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 29, 2017

About Marion



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Frequently Asked Questions

What neighborhood is 761 8th Street located in?
The 761 8th Street is a located in the neighborhood of Linn in Marion, Marion.
What is the average sales price for listings in 761 8th Street?
The average sales price for units in 761 8th Street is $0 currently.

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