$369,000
630 Linden Drive, 1310, 1312, 1314
Arnolds Park, IA 51331
MLS# 20-577
Status: Pending
1480 sqft


630 Linden Drive, 1310, 1312, 1314, Arnolds Park, IA 51331
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630 Linden Drive, 1310, 1312, 1314, Arnolds Park, IA 51331 630 Linden Drive, 1310, 1312, 1314, Arnolds Park, IA 51331 630 Linden Drive, 1310, 1312, 1314, Arnolds Park, IA 51331 630 Linden Drive, 1310, 1312, 1314, Arnolds Park, IA 51331 630 Linden Drive, 1310, 1312, 1314, Arnolds Park, IA 51331

Property Description
Excellent hands off investment opportunity at Bridges Bay. This unit is a fully furnished 3 room lockout. This unit is in the hotel Trestle building, which is different from the condos and cabins because in the hotel building, the owner is 100% hands off. Regency Management takes care of bookings, cleaning, inspections, etc, so the owner simply receives a check every month and does not need to be involved whatsoever. Recent updates include a much larger outdoor pool with slides, a new arcade and fitness center, not to mention all of the other amenities. The owner may also have the option for a boat hoist. Based on the last 2 years' P&L, leveraged returns have been over 20%. Owner is a licensed real estate agent in the state of Iowa.

Details
Status Change Info
Status: Pending
Under Contract Date: 2020-09-23
Location, Tax and Other Information
House Number: 630
Street: Linden
Street Suffix: Drive
Unit #: 1310, 1312, 1314
Postal City: Arnolds Park
State/Province: IA
Zip Code: 51331
County: Dickinson
Legal: UNIT #1312 TRESTLE BRIDGE RESORT CONDOMINIUMS AT BRIDGES BAY RESORT, NON TIF COMMON GROUND FOR UNIT #1312 TRESTLE BRIDGE RESORT CONDOMINIUMS AT BRIDGES BAY RESORT, TIF COMMON GROUND FOR UNIT #1312 TRESTLE BRIDGE RESORT CONDOMINIUMS AT BRIDGES BAY RESORT
Parcel Number: 07-20-478-027
Additional Parcels: Yes
Waterfront: Yes
Waterfront Description: Association Access
Waterfront Name: East Okoboji Lake
Cmplx/Dev/Sub Name: Bridges Bay
Tax Classification: Commercial
Tax Year: 2018
Tax Amount: 3558
Assessments: Pending
Assessment Balance: 2500
Taxes w/Assessments: 6058
Contract Information
For Sale/Lease: For Sale
List Date: 2020-05-05
Current Price: $369,000
List Price: $369,000
Gross/Net Commission: Gross
Owner is Agent: Yes
Sign on Property: No
General Property Information
Type of Property: Resort
Total Fnsh'd SqFt: 1480
Living Area Source: Assessor
Year Built: 2006
Land Size SqFt: 527
Lot Size Source: Assessor
Land Size- Acres: 0.01
Flood Zone: No
Unit 1
Total Bedrooms: 3
Total Baths: 3
Full Baths: 3
Property Features
Construction: Frame/Wood; Other(Expln in Rmks)
Exterior: Stone; Wood; Other
Heat: Fireplace; Space/Wall Heater
Fuel: Electric
Roof: Asphalt Shingles
Parking Charcterstcs: Driveway - Concrete; Shared Parking; Uncovered/Open
Air Conditioning: Wall
Current Use: Resort

Listing Office: REMAX Lakes Realty

Listing Agent: Aaron Jones

Last Updated: September - 23 - 2020

Copyright 2020 Iowa Great Lakes Board of Realtors. Based on information from Iowa Great Lakes Board of Realtors. The advertisers and publishers are not responsible or liable for misinformation, misprints, or other errors. All information provided is deemed reliable but is not guaranteed and should be independently verified. Prices subject to change without notice. Properties subject to prior sale or rental.

Tuesday 29th of September 2020 12:50 PM