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407 1st Ave E, Spencer, IA 51301 Property Records

Clay County property record for 407 1st Ave E, Spencer, IA 51301 · Last verified October 2025

Property Highlights

Property TypeCommercial > Retail > Barber/Hair Salon
Year BuiltBuilt 1963
Square Footage1,700 sqft Gross Area
Lot Size2,557 sqft (0.058 acres)
Last Sale$92,500 (2019)
Tax Bill$2,544.00 (2024)

Property Details

APN / Parcel Number

Primary APN963607388017
Alternative APN
  • 68396360738801700

Interior

Building Area1,700 sqft Gross Area
Gross Area3,400 sqft Gross Area
Stories1 Stories
Primary FlooringCarpet Flooring

Exterior

Year BuiltBuilt 1963
Exterior MaterialConcrete Block Exterior
Roof MaterialUrethane Roof
Lot Area2,557 sqft (0.058 acres)
Total Buildings2 Total Buildings

Utilities and HVAC

Heating SystemForced Air Heating
Water SourceCommercial Water Source

Location & Zoning

Old Parcel Number68396360738801700
Street Address407 1ST AVE E
CitySPENCER
StateIA
Zip51301-4002
Property UsageCommercial Property Usage
TypeCommercial > Retail > Barber/Hair Salon
Legal DescriptionE 67' OF N 25' 5 & E 42' OF N 21.33' OF S 25' 5 30 1ST RY ADD
Legal Range36
Legal Township17
Legal Section07
Legal SubdivisionRAILWAY 1ST ADDITION
JurisdictionCLAY IA
Minor Civil DivisionSPENCER
Census Blockgroup2
Census Block2013
Census Tract80200

Owner

Source: Clay County records · APN 963607388017

Assessment roll updated May 1, 2025 · Last verified October 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Owner on File
Mailing Address520 ELMWOOD DR, SPENCER, IA 51301-4648
Owner TypeOwner is a Company

Deeds, Mortgages & Sale History

DateDocument
Aug 06, 2021Deed of Trust, Mortgage · Commercial Mortgage
FARMERS TRUST & SAVINGS BANK
Jul 16, 2019Deed, Transfer · Stand Alone First Mortgage
FARMERS TRUST & SAVINGS BANK

Assessor's Deed Record

Deed NamesVerified Name on Deed
Known Transactions
  • Last Sale Amount on Jul 16, 2019
  • Deed Sale Price on Jul 16, 2019
Deed Doc Number1818
Deed Book / Page2019 / 1818
Record RefreshedJun 08, 2026

August 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCLAY IA
Property Address407 1ST AVE E, SPENCER, IA 51301-4002
Transaction TypeMortgage
Record UpdatedOct 12, 2023

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number02021/2513
DateAug 06, 2021
Book Page2021/2513
Instrument2021 2513
Lender
NameFARMERS TRUST & SAVINGS BANK
TypeBank
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

July 2019: Deed, Transfer

Document TypeDeed
JurisdictionCLAY IA
Recording DateJul 16, 2019
Property Address407 1ST AVE E, SPENCER, IA 51301-4002
Document Number02019/1818
Book / Page2019 / 1818
Instrument DateJul 10, 2019
Instrument1818
Transaction TypeTransfer
Record UpdatedJul 08, 2022

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$0.00
Amount AccuracyFull Amount from Assessment
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address520 ELMWOOD DR, SPENCER, IA 51301-4648

Mortgage

Document Number02019/1817
DateJul 16, 2019
Book Page2019/1817
Instrument1817
Lender
NameFARMERS TRUST & SAVINGS BANK
Agreement
TypeStand Alone First Mortgage
AmountAmount Recorded

Tax Assessment & Valuation

Source: Clay County records · Assessment roll updated May 1, 2025 · Last verified October 2025

Property Jurisdictions

TypeName
StateIowa
CountyClay County
MunicipalitySpencer City
Unified School DistrictSpencer Community School District (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

YearTax BillAssessed ValueAssessed Market Value
2025$137,590 (-3.13%) Land $12,790 Building $124,800$137,590 (-3.13%) Land $12,790 Building $124,800
2024$2,544.00 (+5.56%)
2023$142,040 (+16.67%) Land $21,700 Building $120,340$142,040 (+16.67%) Land $21,700 Building $120,340
2022$2,410.00$121,740 Land $21,700 Building $100,040
2021$121,740 Land $21,700 Building $100,040

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