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About the Colfax, Iowa Area  Colfax, Iowa
From Wikipedia, the free encyclopedia
Colfax is a city in Jasper County, Iowa, United States. The population was 2,223 at the 2000 census. "Trainland USA" is located a few miles north of Colfax.
Geography
Colfax is located at 41°40′33″N 93°14′40″W / 41.67583, -93.24444).
According to the United States Census Bureau, the city has a total area of 1.4 square miles (3.6 km©÷), of which, 1.4 square miles (3.5 km©÷) of it is land and 0.04 square miles (0.1 km©÷) of it (1.45%) is water.
Demographics
As of the census of 2000, there were 2,223 people, 837 households, and 585 families residing in the city. The population density was 1,632.4 people per square mile (631.1/km©÷). There were 908 housing units at an average density of 666.8/sq mi (257.8/km©÷). The racial makeup of the city was 98.25% White, 0.49% African American, 0.22% Native American, 0.18% Asian, and 0.85% from two or more races. Hispanic or Latino of any race were 0.72% of the population.
There were 837 households out of which 35.1% had children under the age of 18 living with them, 57.1% were married couples living together, 8.6% had a female householder with no husband present, and 30.0% were non-families. 26.5% of all households were made up of individuals and 11.0% had someone living alone who was 65 years of age or older. The average household size was 2.56 and the average family size was 3.12.
In the city the population was spread out with 29.2% under the age of 18, 8.5% from 18 to 24, 28.7% from 25 to 44, 22.0% from 45 to 64, and 11.6% who were 65 years of age or older. The median age was 35 years. For every 100 females there were 102.5 males. For every 100 females age 18 and over, there were 96.8 males.
The median income for a household in the city was $41,006, and the median income for a family was $48,300. Males had a median income of $35,326 versus $22,150 for females. The per capita income for the city was $17,662. About 5.2% of families and 6.7% of the population were below the poverty line, including 10.0% of those under age 18 and 4.2% of those age 65 or over.
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Closing or Settlement >The Settlement
The final stage of a home sale transaction is the time to tie up all the loose ends. The buyer and seller will sign the settlement sheet at the closing, detailing all of the charges that each party has incurred during the sale of the house. It is crucial to go over the sheet for accuracy and to make sure that you understand everything on it before you complete the transaction.
When a contract is negotiated, each side agrees how to divide the loan fees (or points), as well as the other closing charges, such as state or local taxes or escrow fees. Your real estate agent can go over the settlement sheet and help you compare it with your purchase agreement. The seller's charges usually include the brokerage fee, the mortgage payoff, and any charges involved in clearing the title, as well as pro-rated property taxes, payments for termite treatment and escrow for repairs that could not be completed by closing. The buyer's costs include charges for the loan and title searches, insurance and any other legal fees. A good closing officer will go over the settlement sheet line by line, explaining each item and correcting any misplaced charges.
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| Q |
Where was the great land boom (1919) in which investors paid up to $25,000 for lots not yet dredged up from the ocean?
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| A |
The great Florida land boom brought hundreds of investors to the state after Carl Fisher founded Miami Beach in 1919. |
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