"Contract Pending, accepting backup offers" Step into a prime investment opportunity in Council Bluffs with a fully revamped trip-plex. This property is not just a living space; it's a strategic investment with all-new electrical, plumbing, and HVAC. The interior combines trendy finishes with a touch of historic charm, making it an attractive asset for investors seeking both style and substance. Additionally, the brand-new water line adds to the property's appeal, ensuring a hassle-free ownership experience. Seize this chance to invest in a property that perfectly aligns with the vibrant growth and potential of downtown living in Council Bluffs. Agent has equity. Management company will be giving a discount if owner continues management with agency!
Sold for $300,000
$300,000
551 Mill St, Council Bluffs, IA 51503
3beds
--sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$1,188 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,188/mo
Zestimate® history
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List your homeWhat's special
Brand-new water line
Zillow last checked:
Listing updated:
Listed by:
Diego Ortiz 402-719-8831,
Peterson Bros Realty
Bought with:
Tony Robinson, 20230578
BHHS Ambassador Real Estate
Source: GPRMLS,MLS#: 22401916
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Electric, Forced Air, Other
Features
- Has basement: Yes
- Has fireplace: No
Property
Parking
- Total spaces: 3
- Parking features: No Garage
- Covered spaces: 3
Features
- Fencing: None
Lot
- Size: 5,000 sqft
- Dimensions: 50 x 100
- Features: Up to 1/4 Acre.
Details
- Parcel number: 7544 25 383 004
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Block
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Council Bluffs
- Subdivision: Downtown
HOA & financial
Other financial information
- Total actual rent: 2050
Other
Other facts
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2024 | Sold | $300,000-1.6% |
Source:  GPRMLS #22401916 Report a problem | ||
| 2/1/2024 | Price change | $305,000-3.2% |
Source: GPRMLS #22401916 Report a problem | ||
| 1/25/2024 | Listed for sale | $315,000+472.7% |
Source: GPRMLS #22401916 Report a problem | ||
| 3/6/2023 | Sold | $55,000-26.7% |
Source: SWIAR #23-167 Report a problem | ||
| 2/28/2023 | Pending sale | $75,000 |
Source: GPRMLS #22302607 Report a problem | ||
| 2/9/2023 | Price change | $75,000-14.3% |
Source: GPRMLS #22302607 Report a problem | ||
| 10/14/2022 | Price change | $87,500-12.5% |
Source: GPRMLS #22217567 Report a problem | ||
| 8/11/2022 | Pending sale | $100,000 |
Source: GPRMLS #22217567 Report a problem | ||
| 7/23/2022 | Listed for sale | $100,000+66.7% |
Source: GPRMLS #22217567 Report a problem | ||
| 4/14/2016 | Listing removed | $60,000 |
Source: Nebraska Realty Burt St #21600381 Report a problem | ||
| 1/7/2016 | Listed for sale | $60,000+71.4% |
Source: Nebraska Realty Burt St #21600381 Report a problem | ||
| 2/7/2007 | Sold | $35,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,392 +52.6% | $262,500 +121% |
| 2024 | $1,568 -2.2% | $118,800 +51.1% |
| 2023 | $1,604 -13.4% | $78,600 +17.3% |
| 2022 | $1,852 -7.5% | $67,000 |
| 2021 | $2,002 -7% | $67,000 |
| 2020 | $2,152 -5.2% | $67,000 |
| 2019 | $2,270 +43.5% | $67,000 |
| 2018 | $1,582 -10.2% | $67,000 +40.5% |
| 2017 | $1,762 -4.4% | $47,700 |
| 2015 | $1,844 +4.9% | $47,700 +9.4% |
| 2014 | $1,758 +7.7% | $43,585 +15% |
| 2007 | $1,632 | $37,900 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 9/10Hoover Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Gerald W Kirn Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Abraham Lincoln High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Hoover
- Middle: Gerald W Kirn
- High: Abraham Lincoln
- District: Council Bluffs
Source: GPRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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