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Sold for $380,000 on 12/23/24
  • $380,000

    620 2nd Ave SE, Cresco, IA 52136

    --beds
    --baths
    7,745sqft
    Apartment
    Built in 1958
    -- sqft lot
    $387,200 Zestimate®
    $49/sqft
    $781 Estimated rent

    Home value

    $387,200

    Estimated sales range

    Not available

    $781/mo

    Zestimate® history
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    $2,429/mo

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    What's special

    The Cresco Motel is conveniently located along State Hwy 9 near restaurants, a coffee shop, 24-hour convenience store, dollar store and liquor/ gifts. The surrounding neighborhood consists of well-kept residential homes and a great public school system. This 20-room property has a fully furnished 2-bedroom manager apartment, laundry room with 2 washers and dryers, garage and storage container. The large parking lot offers plenty of room for guests while being able to accommodate RVs and large trucks. The roof was replaced in 2017. All furniture, fixtures, cameras and supplies will stay with this turnkey business. Cresco is known as "Iowa's Year 'Round Playground" because of the variety of recreational activities available to our visitors and residents. Cresco also offers a strong economy with many long-term businesses and employment opportunities. Great investment opportunity and the current owners pride shows in this well-maintained motel.

    Zillow last checked: 8 hours ago

    Listing updated: December 31, 2024 at 03:01am

    Listed by:

    Steven Burke 507-251-0644,

    Burke Real Estate

    Bought with:

    Steven Burke, B44679

    Burke Real Estate

    Source: Northeast Iowa Regional BOR,MLS#: 20244361MLS Logo

    Facts & features

    Interior

    Heating
    • Radiant, Steam
    Cooling
    • Wall Unit(s)
    Appliances
    • Laundry: Laundry Room
    Features
    • Basement: Concrete
    Interior area
    • Total structure area: 7,745
    • Total interior livable area: 7,745 sqft
    • Finished area above ground: 6,849
    • Finished area below ground: 896

    Property

    Parking
    • Total spaces: 30
    • Parking features: Gravel, Detached
    • Uncovered spaces: 30
    Lot
    • Size: 1.19 Acres
    • Dimensions: 1.19 Acres
    • Features: Level
    Details
    • Parcel number: 320090300090000
    • Zoning: C-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Block
    • Roof: Asphalt
    Condition
    • Year built: 1958

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable in Rent, Electric in Rent, Garbage in Rent, Water in Rent

    Community & neighborhood

    Location
    • Region: Cresco

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    12/23/2024Sold$380,000-2.6%$49/sqft
    Source: Northeast Iowa Regional BOR #20244361
    11/18/2024Pending sale$390,000$50/sqft
    Source: Northeast Iowa Regional BOR #20244361
    9/28/2024Listed for sale$390,000+39.8%$50/sqft
    Source: Northeast Iowa Regional BOR #20244361
    3/14/2008Sold$279,000$36/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2024$6,312 -11.8%--
    2023$7,154 +20.4%--
    2022$5,944 +2.3%$266,910

    Find assessor info on the county website

    Neighborhood: 52136

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Cresco
    • Middle: Cresco
    • High: Cresco

    Source: Northeast Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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