$165,000
SOLD NOV 19, 2024

1043 5th Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood
-- Bed
-- Bath
2,464 Sq Ft
3,615 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

8% Below List Price

54 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • 3-minute walk to Wellington Park

About This Home

As of November 2024

Great Investment opportunity! New roof in 2021, recently replaced steps and gaurdrail, Unit A was updated in 2022. Utilities average $386/month. The perfect portfolio addition for the savvy investor. Please contact the listing agent for rent rolls and to arrange property access.

Last Agent to Sell the Property

Ross Nusser

Urban Acres Real Estate Corridor Listed on: 08/21/2024

Urban Acres Real Estate Corridor

Last Buyer's Agent

Tim Nash

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,176

Year Built

  • Built in 1913

Lot Details

  • 3,615 Sq Ft Lot
  • Lot Dimensions are 40x90

Home Design

  • 2,464 Sq Ft Home
  • Frame Construction
  • Vinyl Siding

Schools

  • Johnson Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

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

Community Details

  • 4 Units
  • Gross Income $28,000

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 14223-52022-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,176

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.083
  • Co List Office Phone: 800-746-9464
  • MLS Status: Closed
  • Directions: From 7th St NE, turn left onto 5th Ave SE, building will be on your right hand side.
  • Year Built: 1913
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Johnson
  • High School: Washington
  • Middle Or Junior School: McKinley

Lot Info

  • Lot Dimensions: 40x90
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14223-52022-00000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 28000.0
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2176.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Nov 18, 2024
Sold by
Black Diamond Equity Partners Llc
Bought by
Caceda Ricardo and Caceda Jessica Carbajal
Seller's Agent
Ross Nusser
Urban Acres Real Estate Corridor
Buyer's Agent
Tim Nash
SKOGMAN REALTY
List Price
$180,000
Sold Price
$165,000
Premium/Discount to List
-$15,000
-8.33%
Views
47
Current Estimated Value
$161,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,000
Avg. Annual Appreciation
-2.98%
Original Mortgage
$115,500
Outstanding Balance
$114,506
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$46,494

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 22, 2022
Sold by
Wingshooter Properties Llc
Bought by
Black Diamond Equity Partners Llc
Seller's Agent
Justin Sloan
Pinnacle Realty LLC
Buyer's Agent
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
List Price
$129,000
Sold Price
$122,950
Premium/Discount to List
-$6,050
-4.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.03%
Original Mortgage
$98,360
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2019
Sold by
Phillips Zackary and Phillips Sabrina
Bought by
Wingshooter Properties Llc

Purchase Details

Listed on
Sep 28, 2018
Closed on
Nov 14, 2018
Sold by
Hofmann David J and Hofmann Debra L
Bought by
Phillips Zachary and Phillips Sabrina
Seller's Agent
Jim Willmsen
RE/MAX CONCEPTS
Buyer's Agent
Tim Sebetka
Realty87
List Price
$84,900
Sold Price
$79,000
Premium/Discount to List
-$5,900
-6.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$63,200
Interest Rate
4.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 13, 2001
Sold by
Shaw Beverly J
Bought by
Hofmann David J and Hofmann Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
6.52%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $165,000 None Listed On Document
Warranty Deed $165,000 None Listed On Document
Warranty Deed $123,000 None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $79,000 None Available
Warranty Deed $75,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $115,500 New Conventional
Closed $115,500 New Conventional
Previous Owner $98,360 New Conventional
Previous Owner $63,200 Future Advance Clause Open End Mortgage
Previous Owner $60,800 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2024 11/19/24 Sold $165,000 -8.3% $67 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $180,000 +46.4% $73 / Sq Ft
08/23/2022 08/23/22 Sold $122,950 -4.7% $50 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $129,000 +63.3% $52 / Sq Ft
11/16/2018 11/16/18 Sold $79,000 -6.9% $32 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
09/28/2018 09/28/18 For Sale $84,900 -- $34 / 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
2024 $2,100 $124,700 $18,300 $106,400
2023 $2,100 $123,000 $16,600 $106,400
2022 $2,348 $99,600 $13,300 $86,300
2021 $2,460 $96,200 $13,300 $82,900
2020 $2,460 $93,200 $8,300 $84,900
2019 $2,110 $74,300 $8,300 $66,000
2018 $2,204 $74,300 $8,300 $66,000
2017 $2,204 $67,300 $8,300 $59,000
2016 $2,218 $67,300 $8,300 $59,000
2015 $2,670 $77,722 $8,300 $69,422
2014 $2,670 $85,858 $5,832 $80,026
2013 $3,122 $85,858 $5,832 $80,026
Source: Public Records

Agents Affiliated with this Home

  • Ross Nusser

    Seller's Agent in 2024

    Ross Nusser

    Urban Acres Real Estate Corridor

    (319) 331-5206

    9 in this area

    176 Total Sales

    Ross Nusser
    Section Image
  • Tim Nash

    Buyer's Agent in 2024

    Tim Nash

    SKOGMAN REALTY

    (319) 531-6324

    13 in this area

    135 Total Sales

    Tim Nash
    Section Image

  • J

    Seller's Agent in 2022

    Justin Sloan

    Pinnacle Realty LLC

    (319) 521-0101

    5 in this area

    50 Total Sales

    Justin Sloan
    Section Image

  • D

    Buyer's Agent in 2022

    Donald Fieldhouse

    Cedar Rapids Area Association of REALTORS

    (239) 774-6598

    34 in this area

    4,944 Total Sales

    Donald Fieldhouse
    Section Image
  • Jim Willmsen

    Seller's Agent in 2018

    Jim Willmsen

    RE/MAX

    (319) 981-7653

    1 in this area

    68 Total Sales

    Jim Willmsen
    Section Image

  • T

    Buyer's Agent in 2018

    Tim Sebetka

    Realty87

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2405818

Cedar Rapids Area Association of REALTORS®

APN: 14223-52022-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1043 5th Ave SE, Cedar Rapids, IA

This home is located at 1043 5th Ave SE, Cedar Rapids, IA 52403 and is currently priced at $165,000, approximately $66 per square foot. This property was built in 1913. 1043 5th Ave SE is a home located in Linn County with nearby schools including Johnson STEAM Academy, 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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