16 E 1st St, Spencer, IA 51301 Property Records

Clay County property record for 16 E 1st St, Spencer, IA 51301

Property Summary

Property Type	Apartments (5+ Units)
Details	10 ba · 2,526 sqft · built 1915
Lot Size	0.123 acres (5,368 sqft)
Owner	Company Name on File
Last Sale	$115,000 (Jul 2022)
Tax Bill	$610 (2025)
Deeds & Mortgages	Dec 2023 Line of Credit Jul 2022 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`963618138007`

Property Details

APN / Parcel Number

Primary APN	`963618138007`

Interior

Full Baths	10 Baths
Half Baths	6 Half Baths
Stories	2 Stories
Building Area	2,526 sqft Total Area
1st Floor Area	1,084 sqft
Basement Area	1,442 sqft
Finished Basement	1,000 sqft
Unfinished Basement	1,469 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1915
Effective Year Built	Effective 1915
Exterior Material	Composition/Composite
Construction Type	Frame
Roof Type	Hip
Roof Material	Composition Shingle
Lot Area	5,368 sqft (0.123 acres)
Lot Dimensions	122 ft deep x 44 ft wide
Porch	Slab
Porch Area	30 sqft

Utilities, Heating & Cooling

Cooling System	None
Heating System	HVAC
Heating Fuel	Electric
Water Source	Commercial

Location & Zoning

Street Address	16 E 1ST ST
City	SPENCER
State	IA
Zip	51301-4207
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	3 K O.P. EXC E .5'
Legal Range	36W
Legal Township	96N
Legal Section	18
Legal Subdivision	ORIGINAL PLAT
Jurisdiction	CLAY IA
Township / Civil Division	SPENCER
Census Block Group	2
Census Block	2032
Census Tract	80200

Owner

16 E 1st St, a residential property, is owned by a company that bought it in July 2022.

Source: Clay County records, as of September 1, 2026

Owner of Record	Company Name on File
Mailing Address	1102 SANBORN AVE, MILFORD, IA 51351
Owner Type	Company
Vesting	Limited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Dec 28, 2023	Deed of Trust, Mortgage · Line of Credit UNITED COMMUNITY BANK
Jul 22, 2022	Warranty Deed, Transfer · Commercial Mortgage JACKSON FEDERAL SAVINGS & LOAN

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 22, 2022 · Amount on File
Deed Sale	Jul 22, 2022 · Amount on File
Deed Document Number	20221924
Deed Book / Page	2022 / 1924
Prior Transfer Date	Jul 24, 2014
Prior Transfer Doc	2014/1914
Record Updated	Oct 29, 2026

December 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLAY IA
Property Address	16 E 1ST ST, SPENCER, IA 51301-4207
Transaction Type	Mortgage
Record Updated	Jan 24, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	303 AVENUE D E, LAKE PARK, IA 51347-7723

Mortgage

Document Number	02023/2933
Date	Dec 28, 2023
Book Page	2023/2933
Instrument	2023 2933

Lender

Name	UNITED COMMUNITY BANK
Type	Bank
Address	LAKE PARK, IA 51347

Agreement

Type	Line of Credit
Amount	Amount on Record

July 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CLAY IA
Recording Date	Jul 22, 2022
Property Address	16 E 1ST ST, SPENCER, IA 51301-4207
Document Number	02022/1924
Book / Page	2022 / 1924
Instrument Date	Jul 15, 2022
Instrument	2022 1924
Transaction Type	Transfer
Record Updated	Oct 25, 2022

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$183.20
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1102 OKOBOJI AVE, MILFORD, IA 51351-1377

Mortgage

Document Number	02022/1925
Date	Jul 22, 2022
Book Page	2022/1925
Instrument	2022 1925

Lender

Name	JACKSON FEDERAL SAVINGS & LOAN
Type	Lending Institution

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	180 Months
Due	Aug 1, 2037

Interest

Rate Type	Fixed Rate

Tax Assessment & Valuation

The 2025 property tax bill for 16 E 1st St was $610, down 60.7% from the year before.

Source: Clay County assessment roll, as of September 30, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Clay County
Municipality	Spencer City
Unified School District	Spencer Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$610.00 (-60.7%)	$116,040 Land $8,450 Building $107,590	$116,040 Land $8,450 Building $107,590
2024	$1,552.00
2023		$86,670 (+51.87%) Land $9,290 Building $77,380	$86,670 Land $9,290 Building $77,380
2022	$1,130.00	$57,070 Land $9,290 Building $47,780
2021			$57,070 Land $9,290 Building $47,780

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 16 E 1st St in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective February 21, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 11 policies
Nearby Flood Policies	11 in force
Nearby Flood Claims	6 (2004–2024)
Claims Outside the SFHA	1 of 6
Most Recent Claim	Jun 2024 · Severe Storms, Flooding, Straight-line Winds, And Tornadoes
Claims by Event	Severe Storms, Flooding, Straight-line Winds, And Tornadoes, Jun 2024 · 5 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 16 E 1st St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SPENCER MUNICIPAL WATER UTILITY serves 11,325 people · EPA ID IA2171071
Water Source	Groundwater
Last State Inspection	Jan 2025
Lead	Under 1 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 484 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spencer Municipal Utilities Fiber	1,000 / 1,000
Mediacom Xtream Cable	1,000 / 50
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Nextlink.

Nearby Properties on E 1st St

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures