NOT LISTED FOR SALE

1036 Rainbow Blvd Unit 1038 Hiawatha, IA 52233

Estimated Value: $193,000 - $223,000

4 Beds
2 Baths
1,826 Sq Ft
$114/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $127,500 $70 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,374/month

13 Days on Market

Highlights

  • Forced Air Cooling System
  • John F. Kennedy High School Rated A-
  • Garage

About This Home

As of April 2015

*ALSO INCLUDES 1038 RAINBOW BLVD, HIAWATHA. Good investment opportunity with $1,300 per month rent. Currently rented for $675 upper unit, and lower unit for $625 per month! Both units in good shape! Tenant pays all utilities. Separate meters.

Last Agent to Sell the Property

Cory Barnard

SKOGMAN REALTY Listed on: 03/31/2015

SKOGMAN REALTY

Last Buyer's Agent

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,100

Year Built

  • 1969

Parking

  • Garage

Home Design

  • 1,826 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Additional Features

  • Laundry in unit
  • Lot Dimensions are 70 x 120

Community Details

  • Gross Income $15,600

Listing and Financial Details

  • Tenant pays for electricity, gas, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,100

Year Built

1969

Lot Details

0

Listing Details

  • City Name: Hiawatha
  • Gross Tax: 2100
  • Last City Inspection: 7/15/13
  • List User Cell Phone: 319-310-0110
  • Miscellaneous: Basement, Garage, Parking Spaces, Unit Laundry
  • Net Tax: 2100
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.94514
  • Ratio Close Price By Original Li: 0.94514
  • Ratio Current Price By Sq Ft: 69.82
  • Total Sq Ft: 1826
  • Style St: Upper/Lower
  • Tax Roll Number: 113245602700000
  • Tenants Responsibilities Include: Electricity, Gas, Water
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Schools

  • Elementary School: Hiawatha
  • Middle School: Harding
  • High School: Kennedy

Lot Info

  • Lot Size: 70 X 120

Multi Family

  • Gross Income: 15600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2015
Closed on
Apr 28, 2015
Sold by
Cedar Crest Properties Limited Co
Bought by
Waring & Wichhart Llc
Seller's Agent
Cory Barnard
SKOGMAN REALTY
Buyer's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$134,900
Sold Price
$127,500
Premium/Discount to List
-$7,400
-5.49%
Current Estimated Value
$208,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,444
Avg. Annual Appreciation
5.01%
Original Mortgage
$127,500
Outstanding Balance
$90,085
Interest Rate
3.68%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$120,105
Source: Public Records

Range of Values:

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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
Waring & Wichhart Llc $127,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waring & Wichhart Llc $127,500
Closed Waring & Wichhart Llc $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2015 04/30/15 Sold $127,500 -5.5% $70 / Sq Ft
04/13/2015 04/13/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $134,900 -- $74 / 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
2023 $2,640 $152,500 $24,500 $128,000
2022 $2,608 $130,200 $24,500 $105,700
2021 $2,552 $130,200 $24,500 $105,700
2020 $2,552 $119,100 $24,500 $94,600
2019 $2,382 $119,100 $24,500 $94,600
2018 $2,340 $111,700 $24,500 $87,200
2017 $2,152 $106,200 $24,500 $81,700
2016 $2,152 $100,800 $24,500 $76,300
2015 $2,158 $100,800 $24,500 $76,300
2014 $2,158 $100,800 $24,500 $76,300
2013 -- $100,800 $24,500 $76,300
Source: Public Records

Agents Affiliated with this Home

  • Cory Barnard

    Seller's Agent in 2015

    Cory Barnard

    SKOGMAN REALTY

    (319) 310-0110

    76 Total Sales

    Cory Barnard
    Section Image

  • G

    Buyer's Agent in 2015

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1502469

Cedar Rapids Area Association of REALTORS®

APN: 11324-56027-00000

Iowa Linn County Hiawatha 52233

1036 Rainbow Blvd Unit 1038, Hiawatha, IA

This home is located at 1036 Rainbow Blvd Unit 1038, Hiawatha, IA 52233 since 31 March 2015 and is currently estimated at $208,944, approximately $114 per square foot. This property was built in 1969. 1036 Rainbow Blvd Unit 1038 is a home located in Linn County with nearby schools including Hiawatha Elementary School, Harding Middle School, and John F. Kennedy 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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