NOT LISTED FOR SALE

110 16th St NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $207,000 - $222,885

14 Beds
4 Baths
3,433 Sq Ft
$63/Sq Ft Est. Value

Last Sold January 01, 2024

Last sale price $210,000 $61 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,369/month

145 Days on Market

Highlights

  • Deck
  • Hot Water Heating System
  • 3-minute walk to Central Park
  • Home Security System

About This Home

As of January 2024

**Back on the market due to buyer financing** Serious Cash Cow! This 14 unit multi-family property has so much to like and not just the $$! Newer concrete work and landscaping all around property, newer roof/vinyl siding/vinyl windows. Current owner has given the sleeping rooms a facelift and it just passed city inspection 7/27/2023 and good for 3 YEARS! This property has 13 sleeping rooms and 1 efficiency suite. The 13 sleeping rooms share 2 kitchens and 2 bathrooms with an additional bathroom that is currently unused, but with some TLC can be usable. The efficiency suite has its own kitchen and bathroom.

Last Agent to Sell the Property

Jeremy Emmert

Realty87 Listed on: 07/28/2023

Realty87

Last Buyer's Agent

Tim Scherbring

Epique Realty

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,076

Year Built

  • 1906

Lot Details

  • 4,008 Sq Ft Lot
  • Lot Dimensions are 40x100

Home Design

  • 3,433 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Gross Income $5,405
  • Net Operating Income $4,822

Listing and Financial Details

  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,076

Year Built

1906

Lot Details

0

Listing Details

  • Acres: 0.0920
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 3076
  • Last City Inspection: 7/26/23
  • List User Cell Phone: 319-210-0630
  • Miscellaneous: Common Laundry-Owned, Deck/Patio, Security System
  • Net Tax: 3076
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 13
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.93333
  • Ratio Close Price By Original Li: 0.70000
  • Ratio Current Price By Sq Ft: 61.17
  • Total Sq Ft: 3433
  • Style St: Rooming
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1906

Interior Features

  • Basement: Block, Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Gas Heat, Gravity, Hot Water Heat, Window/Wall Air

Schools

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

Lot Info

  • Lot Size: 40x100

Rental Info

  • Owner Pays: Water, Electricity, Gas
  • Total Expenses: 583

Multi Family

  • Gross Income: 5405
  • Net Operating Income: 4822.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2025
Sold by
Bcmt Llc
Bought by
Lutheran Jeremy
Current Estimated Value
$217,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$158,328
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$58,967

Purchase Details

Closed on
May 14, 2014
Sold by
Nemecek Keith A and Nemecek Marleen E
Bought by
Bcmt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.41%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 30, 2006
Sold by
Weber Real Estate Co
Bought by
Nemecek Keith A and Nemecek Marleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2005
Sold by
Dodge Richard H
Bought by
Weber Real Estate Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac
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
Lutheran Jeremy $210,000 None Listed On Document
Patriot Recovery Residences -- None Listed On Document
Lutheran Jeremy $210,000 None Listed On Document
Bcmt Llc $75,000 None Available
Nemecek Keith A $125,500 None Available
Weber Real Estate Co $149,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patriot Recovery Residences $160,000
Closed Lutheran Jeremy $0
Previous Owner Bcmt Llc $184,000
Previous Owner Nemecek Keith A $175,000
Previous Owner Weber Real Estate Co $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2024 01/01/24 Sold $210,000 -6.7% $61 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $225,000 0.0% $66 / Sq Ft
10/14/2023 10/14/23 Pending -- -- --
10/10/2023 10/10/23 Price Changed $225,000 -10.0% $66 / Sq Ft
09/25/2023 09/25/23 Price Changed $250,000 -5.7% $73 / Sq Ft
08/28/2023 08/28/23 Price Changed $265,000 -3.6% $77 / Sq Ft
08/14/2023 08/14/23 Price Changed $275,000 -8.3% $80 / Sq Ft
07/28/2023 07/28/23 For Sale $300,000 -- $87 / 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 $2,666 $186,900 $19,400 $167,500
2024 $2,736 $158,400 $19,400 $139,000
2023 $2,736 $150,700 $19,400 $131,300
2022 $3,076 $129,700 $19,400 $110,300
2021 $3,166 $126,100 $15,800 $110,300
2020 $3,166 $119,900 $14,100 $105,800
2019 $3,406 $119,900 $14,100 $105,800
2018 $3,558 $119,900 $14,100 $105,800
2017 $3,546 $112,400 $14,100 $98,300
2016 $3,704 $112,400 $14,100 $98,300
2015 $2,442 $71,098 $14,080 $57,018
2014 $6,205 $88,012 $6,000 $82,012
2013 $3,200 $88,012 $6,000 $82,012
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jeremy Emmert

    Realty87

    (319) 210-0630

    4 in this area

    105 Total Sales

    Jeremy Emmert
    Section Image
  • Tim Scherbring

    Buyer's Agent in 2024

    Tim Scherbring

    Epique Realty

    (319) 361-5111

    2 in this area

    139 Total Sales

    Tim Scherbring
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2304955

Cedar Rapids Area Association of REALTORS®

APN: 14222-07010-00000

Iowa Linn County Cedar Rapids 52402 Mound View

110 16th St NE, Cedar Rapids, IA

This home is located at 110 16th St NE, Cedar Rapids, IA 52402 since 28 July 2023 and is currently estimated at $217,295, approximately $63 per square foot. This property was built in 1906. 110 16th 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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