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3409 Penny Lane

3409 Penny Lane, Marion, IA 52302
Property in Linn
Sold Aug 04, 2015
$231,000
$34,650 by University Of Iowa Community C
Mortgage Due Aug 05, 2030
Sold Nov 12, 2010
$224,500
$219,296 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2040
3409 Penny Lane in Marion, IA was first built in 2010 and is 14 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. 3409 Penny Lane has 1,602 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. In total, the area measurement of the land is 11,326 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 721 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 exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 3409 Penny Lane was last sold in Jul 23, 2015 for $231,000. According to our calculations, that's $144.19 per sqft. Prior to that sales transaction, the property was sold for $224,500 in Nov 8, 2010. Current property owners are expected to pay $5,856 in taxes per year. The property on 3409 Penny Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $298,200. To break that down further, the land itself was valued at $38,700. While improvements to the property were assessed at a total of $259,500. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 2010
  • Effective Year Built: 2010
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Plumbing Fixtures: 7
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Tile
  • Basement Type: Unspecified basement
  • Basement Area: 1,602
  • Garage Type: Attached
  • Garage Square Area: 721
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,602
  • Gross Building Area: 1,602
  • Building Area: 1,602
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,602
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PRAIRIE BEND
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PRAIRIE BEND 5TH LOT 36

Ownership

  • Current Owner : WORMWOOD KEVIN
  • Current Owner 2: WORMWOOD KRISTA
  • Previous Owner : SALINAS MANUEL E
  • Previous Owner 2: SALINAS TAIDE P
  • Owner Before Previous Owner: K & A HOMES LLP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Linn-Mar Community School District
  • School Tax School District: LINN-MAR
  • Census Tract: 000101

Geography

  • Parcel: 10-30-4-04-005-0-0000
  • Lot: 36
  • Meridian: SEC 30 TWN 84N RNG 6W
  • Municipality: MARION
  • Latitude: 42.0561
  • Longitude: -91.5799

    Address

  • Full Address: 3409 Penny Ln
  • Address - House Number: 3409
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: IA
  • City Name: Marion
  • Carrier Code: C014
  • 4-Digit Zip Code: 9504
  • Zip Code: 52302

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,856
  • Tax Rate Code Area: MARION CIT

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 344,803
  • High Value: 400,688
  • Low Value: 288,917

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $34,650
  • First Open Lien Mortgage Lender: UNIVERSITY OF IOWA COMMUNITY C
  • First Open Lien Mortgage Recording Date: Aug 04, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $34,650
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Second
  • First Open Lien Mortgage Loan Due Date: Aug 05, 2030

    Market Valuation

  • Market Total Value: $298,200
  • Market Land Value: $38,700
  • Market Improvement Value: $259,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,200
  • Assessed Land Value: $38,700
  • Assessed Improvements Value: $259,500

    Sales

  • Current Sale Contract Date: Jul 23, 2015
  • Current Sale Recording Date: Aug 04, 2015
  • Current Sale Transaction ID: 1276811982
  • Current Sale Price: $231,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 12, 2010
  • Previous Sale Contract Date: Nov 08, 2010
  • Previous Sale Amount: $224,500
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSITY OF IOWA COMMUNITY C
  • First Mortgage Transaction Date: Aug 04, 2015
  • First Mortgage Loan Amount: $34,650
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Stand Alone Second
  • First Mortgage Loan Due Date: Aug 05, 2030

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 12, 2010
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $219,296
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2040

About Marion



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Frequently Asked Questions

What neighborhood is 3409 Penny Lane located in?
The 3409 Penny Lane is a located in the neighborhood of Linn in Marion, Marion.
What is the average sales price for listings in 3409 Penny Lane?
The average sales price for units in 3409 Penny Lane is $0 currently.

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