3 months on rocket

501 N 2nd Ave W, Newton, IA, 50208

$225,000

Home List Price

$2,672*

Closing Credit

3 Bedrooms
3 Baths
2,048 SqFt
$110/SqFt
House

Location

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501 N 2nd Ave W, Newton$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDetached, Garage, Two Car Garage
Garage2 spaces
Year Built1900
HeatingOther
CoolingOther
BasementYes
MLS #700355
Lot Size0.32 Acres
StatusActive

About 501 N 2nd Ave W

Great opportunity for rental property and to renovate the upstairs larger unit! Live in the larger one and rent out the others. Pay for your mortgage! Two units that are rented have been remodeled. Upstairs has been started, just needs the finishing touches. Each unit has a mini split for heat and air.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1900
  • Stories: 2
  • Living Area: 2,048 SqFt

Listing Office:

  • Office Name: Iowa Realty Newton
  • Office Phone: (641) 521-4560
  • Listing Agent: Caren Clevenger

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Refrigerator, Stove, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Garage, Two Car Garage

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Across from DMACC college on 2nd Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $110/SqFt

Tax Information:

  • Annual Amount: $1,880
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newton, IA.

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Newton, IA

City

Med. Sold Price

$175.8K

Med. Price/SqFt

$151

Avg. Days On Market

69

# of Sold Homes

16

501 N 2nd Ave W vs Newton

111 DAYS ON ROCKET

+42 Days

$225,000

+$49.1K More

$110/SqFt

-$42 Less

KEY TAKEAWAY

This property is $49.1K more than the Median Sold Price and $42/SqFt less than other homes in Newton, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: DMAAR
  • MLS Number: #700355

Listing Office:

  • Office Name: Iowa Realty Newton
  • Office Phone: (641) 521-4560
  • Listing Agent: Caren Clevenger

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,880$77,440
2020$2,013$67,000
2019$1,578 -
2017$1,542 -

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-572211
7
/10

  • Woodrow Wilson Elementary School

  • 801 S 8th Ave W

  • 0.57 miles

  • Public District Grades KG-4

school-card-donut-572212
2
/10

  • Emerson Hough Elementary School

  • 700 N 4th Ave E

  • 0.76 miles

  • Public District Grades KG-4

school-card-donut-572213
4
/10

  • Thomas Jefferson Elementary School

  • 112 Thomas Jefferson Dr

  • 0.89 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,092. The majority of Newton, IA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Newton, IA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Newton, IA.

Newton, Iowa, offers a diverse array of housing options, with single-family homes being a significant part of the housing market. The architectural styles in Newton vary, with a mix of historic homes that reflect its rich past and more contemporary designs that cater to modern preferences. The housing market is balanced, with a healthy mix of ownership and rental opportunities, allowing for a variety of choices for residents.

What is it like to live in Newton, IA?

Newton prides itself on a strong sense of community and a quiet, small-town charm that resonates throughout the area. The community is celebrated for its annual events, such as the Jasper County Fair, which showcases the local culture and brings residents together in a festive atmosphere. The town's character is further defined by its commitment to preserving local history and fostering a friendly, welcoming environment.

Is it easy to get around Newton, IA without a car?

The community is served by a number of public schools, ensuring educational opportunities for children of all ages. Healthcare needs are met by local clinics and the nearby larger medical centers, providing comprehensive care including emergency services. Newton also features a public library system that supports lifelong learning and community engagement. Retail and dining options reflect the local culture, with a range of shops and eateries that cater to both residents and visitors.

Transportation in Newton, IA.

Transportation in Newton includes a network of roads that connect residents to nearby cities and towns, facilitating easy travel and commuting. Public transportation options are available, providing residents with alternatives to private vehicle use. The town also supports walkability in its downtown area, making it convenient for residents to access local services and amenities on foot. While ride-sharing services are present, they complement the existing transportation infrastructure without dominating it.

Frequently Asked Questions About 501 N 2nd Ave W

What is the listing price of this property?

The listing price of 501 N 2nd Ave W property is $225,000.

What type of property is this?

The property 501 N 2nd Ave W is a house located in Newton, Iowa, 50208.

Is this property for sale now?

Active Listing: 501 N 2nd Ave W is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,880 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 501 N 2nd Ave W has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 501 N 2nd Ave W is 2,048 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 N 2nd Ave W is 1900.

Rocket Homes›Iowa›Jasper County›Newton›50208›501 N 2nd Ave W

This home is located at 501 N 2nd Ave W in Newton, IA and zip code 50208. This 2,048 square foot home, which was built in 1900, sits on a 0.32 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $225,000.

In October 2024 more than 2 listings in Newton, IA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 10 were sold below. The number of homes for sale in Newton, IA decreased by 7.5% between September 2024 and October 2024. While the average time on the market in October 2024 was 69 days, the median list price was $175,833.

From Rocket Homes Real Estate and based on county public records data.

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