25794 Magnolia Rd Underwood, IA 51576-3751
“R-2” Two Family Residential District The zoning of property as “R-2” Two Family Residential, is intended for single and two (2) family residential developmen t, including conventional detached single family homes and two family duplexes, condominiums or townhom es. The purpose of the “R-2” district is to allow a blend of residential uses within a compatible…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Underwood, IA“R-2” Two Family Residential District The zoning of property as “R-2” Two Family Residential, is intended for single and two (2) family residential developmen t, including conventional detached single family homes and two family duplexes, condominiums or townhom es. The purpose of the “R-2” district is to allow a blend of residential uses within a compatible, cohesive neighborhood environment. R-2 zoning districts provide for a greater mix of housing choices and are best located near service centers and major streets. Uses Permitted by Right: Underwood Zoning Ordinance 24 Last Modified 9/17/09 No building, structure or land shall be used, and no building or structure shall be erected, constructed, reconstructed, moved or altered except for the uses identified below, subject to all applicable provisions of these zoning regulations: • Accessory residential uses; • Conventional detached single family residences; • Churches and other religious organizations, including accessory facilities; • Elementary and secondary schools; • Family houses; • Golf courses, except miniature course or practice driving tee operated for commercial purposes; • Home occupations incidental to a permitted use; • Parks and recreation facilities; • Public uses, such as a library, fire station or community center; and • Two family residences. Height and Area Regulations: The maximum height of buildings and structures, the minimum dimensions of lots, setbacks for yards and parking lots and the minimum lot area per dwelling unit shall be as follows, except as otherwise provided in section VI, Height and Area Regulations. 1. Minimum lot area : - Six thousand (6,000) square feet per dwelling unit; - Three thousand (3,000) square feet per dwelling unit for two (2) family dwellings. 2. Maximum height of structures : - Maximum thirty-five (35) feet from finished grade; 3. Minimum yards : - Front: Twenty (20) feet from street right-of-way; - Side: Seven (7) feet from the property line; - Street Side: Twenty (20) feet from the street right-of-way; - Rear: Twenty-five (25) feet from the property line. 4. Minimum Lot Width : - Sixty (60) feet standard; - Seventy (70) feet for corner lots; - Thirty-five (35) feet for cul-de-sac lots. 5. Minimum lot depth - One hundred (100) feet. 6. Minimum parking lot setback for nonresidential uses : - Twenty-five (25) feet from street right-of-way. - Ten (10) feet from adjoining property lines. 8. Maximum Lot Coverage: - Forty (40) percent of the total lot area. 9. Maximum Impervious Coverage: - Sixty (60) percent of the total lot area.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.