NOT LISTED FOR SALE

1037 Center Point Rd NE Unit 1&2 Cedar Rapids, IA 52402

Estimated Value: $129,000 - $135,000

4 Beds
3 Baths
1,587 Sq Ft
$83/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $109,000 $69 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $883/month

53 Days on Market

About This Home

As of January 2022

Investor Alert on this upper/lower duplex conveniently located near Coe College and Mt Mercy. Main unit has two bedrooms and 2 full baths, living room, dining room, and spacious kitchen, and newer refrigerator and rents for $725/month. Upper unit has two bedrooms, one bath, living room, and eat-in kitchen, new paint throughout in 2020 and newer refrigerator, and rents for $625/month. Both units are currently on a year lease. Plenty of storage in the walkout basement possibility of laundry if desired. Off street parking for up to four cars and plenty of room to add a garage. Tenants pay water and electric. Owner pays gas only. Owner licensed agent in Iowa.

Last Agent to Sell the Property

David Pitts

PRK Williams Realty Listed on: 10/21/2021

Last Buyer's Agent

Diana Hansen

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,654

Year Built

  • 1915

Home Design

  • 1,587 Sq Ft Home
  • Frame Construction

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Community Details

  • Gross Income $16,200

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,654

Year Built

1915

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 1654
  • List User Cell Phone: 319-981-3283
  • Miscellaneous: Parking Spaces
  • Net Tax: 1654
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.91213
  • Ratio Close Price By Original Li: 0.91213
  • Ratio Current Price By Sq Ft: 68.68
  • Total Sq Ft: 1587
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Water, Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: Irregular

Rental Info

  • Owner Pays: Gas

Multi Family

  • Gross Income: 16200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2017
Sold by
Goodwin Ryan A and Moretti Marna J
Bought by
Four D Development Llc
Current Estimated Value
$132,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Outstanding Balance
$41,298
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$90,702

Purchase Details

Closed on
May 10, 2006
Sold by
Kraus Joan C
Bought by
Goodwin Ryan A and Moretti Marna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
6.54%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 25, 1998
Sold by
Brohi Zainab and Baloch Zainab
Bought by
Kraus Joan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
8.25%
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
Four D Development Llc -- None Available
Goodwin Ryan A $62,000 None Available
Kraus Joan C $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Four D Development Llc $50,000
Previous Owner Goodwin Ryan A $56,250
Previous Owner Kraus Joan C $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2022 01/27/22 Sold $109,000 -8.8% $69 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $119,500 -- $75 / 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 $2,190 $125,200 $20,000 $105,200
2024 $196 $123,800 $18,000 $105,800
2023 $196 $123,800 $18,000 $105,800
2022 $1,548 $90,300 $17,000 $73,300
2021 $1,654 $74,700 $14,000 $60,700
2020 $1,654 $75,000 $14,000 $61,000
2019 $1,512 $70,100 $14,000 $56,100
2018 $1,406 $70,100 $14,000 $56,100
2017 $1,074 $49,300 $14,000 $35,300
2016 $1,172 $55,100 $14,000 $41,100
2015 $1,172 $66,140 $14,000 $52,140
2014 $1,408 $69,695 $14,000 $55,695
2013 $1,452 $69,695 $14,000 $55,695
Source: Public Records

Agents Affiliated with this Home

  • David Pitts

    Seller's Agent in 2022

    David Pitts

    PRK Williams Realty

    (319) 727-8059

    32 Total Sales

    David Pitts
    Section Image

  • D

    Buyer's Agent in 2022

    Diana Hansen

    SKOGMAN REALTY

    (319) 350-9654

    2 Total Sales

    Diana Hansen
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2107348

Cedar Rapids Area Association of REALTORS®

APN: 14164-26029-00000

Iowa Linn County Cedar Rapids 52402

1037 Center Point Rd NE Unit 1&2, Cedar Rapids, IA

This home is located at 1037 Center Point Rd NE Unit 1&2, Cedar Rapids, IA 52402 since 21 October 2021 and is currently estimated at $132,000, approximately $83 per square foot. This property was built in 1915. 1037 Center Point Rd NE Unit 1&2 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.
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