NOT LISTED FOR SALE

1040 19th St SE Cedar Rapids, IA 52403

Estimated Value: $120,000 - $142,000

2 Beds
2 Baths
1,395 Sq Ft
$92/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $108,420 $78 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $842/month

9 Days on Market

Highlights

  • Deck
  • 90% Forced Air Heating and Cooling System
  • Garage

About This Home

As of June 2022

Extremely rare multi family home that comes with almost an acre of land!! Upper/lower units are both one bedroom. Huge kitchen and living area in the lower level with some recent updates. Two car detached garage and also some parking spaces. New roof in 2021! It is currently set up that the tenants pay the electric and gas and the landlord pays the water. Lower level is currently vacant, upper has a tenant but they are month to month.

Last Agent to Sell the Property

Jesse Grade

SKOGMAN REALTY CORRIDOR Listed on: 04/12/2022

SKOGMAN REALTY CORRIDOR

Last Buyer's Agent

Adam Stradt

RE/MAX CONCEPTS

RE/MAX CONCEPTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,924

Year Built

  • 1908

Lot Details

  • 0.8

Parking

  • Garage

Home Design

  • 1,395 Sq Ft Home
  • Frame Construction
  • Aluminum Siding

Utilities

  • 90% Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Additional Features

  • Deck
  • 0.8 Acre Lot

Community Details

  • Gross Income $11,700

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,924

Year Built

1908

Lot Details

0

Listing Details

  • Acres: 0.8000
  • City Name: Cedar Rapids
  • Gross Tax: 1924
  • List User Cell Phone: 319-241-0579
  • Miscellaneous: Basement, Deck/Patio, Garage, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas
  • Net Tax: 1924
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.86736
  • Ratio Close Price By Original Li: 0.86736
  • Ratio Current Price By Sq Ft: 77.72
  • Total Sq Ft: 1395
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1908

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum, Wood

Utilities

  • Heating Cooling: Central Heat, Forced Air, Window/Wall Air

Schools

  • Elementary School: Grant Wood
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: 0.80

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 11700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jun 21, 2022
Sold by
Donald T Jensen Sr Trust
Bought by
D Taggart Holdings Inc
Seller's Agent
Jesse Grade
SKOGMAN REALTY CORRIDOR
Buyer's Agent
Adam Stradt
RE/MAX CONCEPTS
List Price
$125,000
Sold Price
$108,420
Premium/Discount to List
-$16,580
-13.26%
Current Estimated Value
$128,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,040
Avg. Annual Appreciation
5.34%
Original Mortgage
$88,000
Outstanding Balance
$81,766
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$46,694
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
D Taggart Holdings Inc $108,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open D Taggart Holdings Inc $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2022 06/21/22 Sold $108,420 -13.3% $78 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $125,000 -- $90 / 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 $1,970 $123,600 $31,600 $92,000
2024 $1,918 $111,300 $31,600 $79,700
2023 $1,918 $111,300 $31,600 $79,700
2022 $1,702 $90,900 $26,900 $64,000
2021 $1,736 $82,200 $20,100 $62,100
2020 $1,736 $78,700 $20,100 $58,600
2019 $1,526 $70,800 $17,100 $53,700
2018 $1,484 $70,800 $17,100 $53,700
2017 $1,510 $71,000 $17,100 $53,900
2016 $1,510 $71,000 $17,100 $53,900
2015 $1,687 $78,651 $19,053 $59,598
2014 $1,674 $78,651 $19,053 $59,598
2013 $1,638 $78,651 $19,053 $59,598
Source: Public Records

Agents Affiliated with this Home

  • Jesse Grade

    Seller's Agent in 2022

    Jesse Grade

    SKOGMAN REALTY CORRIDOR

    (319) 241-0579

    264 Total Sales

    Jesse Grade
    Section Image

  • A

    Buyer's Agent in 2022

    Adam Stradt

    RE/MAX

    (319) 573-9668

    61 Total Sales

    Adam Stradt
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2203321

Cedar Rapids Area Association of REALTORS®

APN: 14271-03023-00000

Iowa Linn County Cedar Rapids 52403

1040 19th St SE, Cedar Rapids, IA

This home is located at 1040 19th St SE, Cedar Rapids, IA 52403 since 12 April 2022 and is currently estimated at $128,460, approximately $92 per square foot. This property was built in 1908. 1040 19th St SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, 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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