NOT LISTED FOR SALE

1107 Rainbow Dr Unit 1113 Waterloo, IA 50701

Estimated Value: $171,000 - $279,331

2 Beds
2 Baths
1,352 Sq Ft
$185/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $244,000 $180 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,796/month

54 Days on Market

About This Home

As of November 2020

Great investment opportunity with this fourplex in Waterloo. The property is part of a portfolio with multiple other listings. Contact an agent for questions about the other properties in the portfolio. Can be sold as single property or multiple.

Last Agent to Sell the Property

Phillip Shirk

AWRE - Commercial & Development License #B63101000 Listed on: 06/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,460

Year Built

  • Built in 1940

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 66x315

Home Design

  • 1,352 Sq Ft Home
  • Quadruplex
  • Concrete Foundation
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Parking

  • 4 Open Parking Spaces
  • No Garage

Schools

  • Fred Becker Elementary School
  • Central Intermediate
  • East High School

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 4 Units
  • Water Sewer Expense $1,692

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 891321203006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,460

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Parcel Number: 891321203006
  • Year Built: 1940
  • Property Sub-Type: Fourplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: None
  • Co List Office Phone: 319-269-2477
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1352
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: None, Gravel

Utilities

  • Cooling: Central Air, Wall Unit(s)
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Gas Individual Meters
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 1692

Schools

  • Elementary School: Fred Becker Elementary
  • High School: East High
  • Middle Or Junior School: Central Intermediate

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 66x315
  • Lot Size Sq Ft: 20790

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Nov 6, 2020
Sold by
Keabon Investments Llc
Bought by
Kog Properties Llc
Seller's Agent
Phillip Shirk
AWRE - Commercial & Development
List Price
$259,900
Sold Price
$244,000
Premium/Discount to List
-$15,900
-6.12%
Current Estimated Value
$249,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,833
Avg. Annual Appreciation
0.46%
Original Mortgage
$1,048,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2016
Sold by
Hmk Properties Llc
Bought by
Keabon Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Kog Properties Llc $244,000 None Listed On Document
Kog Properties Llc $244,000 None Available
Kog Properties Llc $244,000 None Listed On Document
Keabon Investments Llc $215,000 Title Services Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kog Properties Llc $1,048,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $244,000 -6.1% $180 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $259,900 -- $192 / Sq Ft
Source: Northeast Iowa Regional Board 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 $6,034 $309,420 $26,550 $282,870
2024 $6,034 $278,150 $26,550 $251,600
2023 $4,810 $278,150 $26,550 $251,600
2022 $4,684 $219,030 $26,550 $192,480
2021 $4,494 $219,030 $26,550 $192,480
2020 $4,420 $198,390 $20,860 $177,530
2019 $4,420 $198,390 $20,860 $177,530
2018 $4,424 $198,390 $20,860 $177,530
2017 $5,556 $198,390 $20,860 $177,530
2016 $4,528 $199,580 $20,860 $178,720
2015 $4,528 $199,580 $20,860 $178,720
2014 $4,398 $190,180 $20,860 $169,320
Source: Public Records

Agents Affiliated with this Home

  • Phillip Shirk

    Seller's Agent in 2020

    Phillip Shirk

    AWRE - Commercial & Development

    (319) 239-4446

    83 Total Sales

    Phillip Shirk
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20202890

Northeast Iowa Regional Board of REALTORS®

APN: 8913-21-203-006

Iowa Black Hawk County Waterloo 50701

1107 Rainbow Dr Unit 1113, Waterloo, IA

Not Listed for Sale

MultiFamily

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