NOT LISTED FOR SALE

1031 12th St NE Cedar Rapids, IA 52402

Estimated Value: $140,000 - $147,414

4 Beds
3 Baths
1,666 Sq Ft
$87/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $120,000 $72 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $947/month

About This Home

As of March 2021

What a gem! Great property with a ton of income. Three nice large apartments and 4 garages for additional income and
storage. Large lot and convenient access for residents. Income and expense information including rents, etc in MLS.
Landlord pays gas and water electric is separately metered.

Last Agent to Sell the Property

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 11/02/2020

Last Buyer's Agent

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 11/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,504

Year Built

  • 1900

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Garage

Home Design

  • 1,666 Sq Ft Home
  • Frame Construction

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,504

Year Built

1900

Lot Details

0

Listing Details

  • Acres: 0.1200
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2504
  • Miscellaneous: Common Laundry-Owned, Garage, Sep. Meter – Electric, Ten Storag
  • Net Tax: 2504
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.93823
  • Ratio Close Price By Original Li: 0.93823
  • Ratio Current Price By Sq Ft: 72.03
  • Total Sq Ft: 1666
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Utilities

  • Heating Cooling: Gas Heat, Window/Wall Air

Schools

  • Elementary School: Garfield
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: 5600

Rental Info

  • Owner Pays: Water, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2023
Sold by
Ohare Colleen Theresa
Bought by
Garrels Damon Scott
Current Estimated Value
$144,138

Purchase Details

Closed on
Dec 15, 2020
Sold by
Vandeusen Jerry E and Vandeusen Van Deusen
Bought by
Freedom2aspire Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garrels Damon Scott -- None Listed On Document
Freedom2aspire Holdings Llc $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freedom2aspire Holdings Llc $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2021 03/01/21 Sold $120,000 -6.2% $72 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $127,900 -- $77 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,200 $144,400 $20,000 $124,400
2024 $2,482 $124,300 $18,000 $106,300
2023 $2,482 $124,300 $18,000 $106,300
2022 $2,798 $117,700 $17,000 $100,700
2021 $2,510 $114,700 $14,000 $100,700
2020 $2,510 $95,100 $14,000 $81,100
2019 $1,920 $95,100 $14,000 $81,100
2018 $2,006 $67,600 $14,000 $53,600
2017 $1,786 $56,600 $14,000 $42,600
2016 $1,866 $56,600 $14,000 $42,600
2015 $1,916 $55,752 $14,000 $41,752
2014 $1,916 $73,534 $9,072 $64,462
2013 $2,674 $73,534 $9,072 $64,462
Source: Public Records

Agents Affiliated with this Home

  • Darin Garman

    Seller's Agent in 2021

    Darin Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    26 Total Sales

    Darin Garman
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2007614

Cedar Rapids Area Association of REALTORS®

APN: 14164-29001-00000

Iowa Linn County Cedar Rapids 52402

1031 12th St NE, Cedar Rapids, IA

This home is located at 1031 12th St NE, Cedar Rapids, IA 52402 since 02 November 2020 and is currently estimated at $144,138, approximately $86 per square foot. This property was built in 1900. 1031 12th St NE is a home located in Linn County with nearby schools including Garfield Elementary School, Franklin Middle School, and George Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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