NOT LISTED FOR SALE

1116 W 22nd St Unit 1120 Cedar Falls, IA 50613

Estimated Value: $238,000 - $307,000

4 Beds
3 Baths
1,596 Sq Ft
$176/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $165,000 $103 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,828/month

7 Days on Market

Highlights

  • Forced Air Heating System
  • Holmes Junior High School Rated A-
  • Wood Siding

About This Home

As of October 2022

In the heart of college hill district in Cedar Falls. One of just a handful of investment properties available currently in Cedar Falls. Great opportunity on this 3 plex! Converted garage to 1 bed apartment is not included in sq ft. (396 sq ft) Total Gross income of $1700/month.

Last Listed By

Bob Delveau

Oakridge Real Estate License #B42275 Listed on: 08/18/2022

Oakridge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Triplex
  • Block Foundation
  • Asphalt Roof
  • Wood Siding

Laundry

  • Laundry on lower level

Parking

  • 4 Open Parking Spaces
  • No Garage
  • Parking Available
  • Paved Parking

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 3 Units
  • Gross Income $1,700

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, trash collection, water
  • Assessor Parcel Number 891414430002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,262

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Parcel Number: 891414430002
  • Year Built: 1910
  • Property Sub-Type: Triplex
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.2
  • Co List Office Phone: 319-277-5005
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1596
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Below Grade Sq Ft: 1596

Exterior Features

  • Construction Type: Wood Siding
  • Siding: Wood

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: None, Parking Space, Paved

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: City Sewer
  • Utilities: Separate Meters
  • Water Source: City

Schools

  • Elementary School: Lincoln Elementary CF
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Trash Collection, Water
  • Lease Term: Other

Multi Family

  • Gross Income: 1700
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3262

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Sep 16, 2022
Sold by
Prospect Rentals Llc
Bought by
Equity Trust Company and Warren Freeman Ira
Seller's Agent
Bob Delveau
Oakridge Real Estate
List Price
$185,000
Sold Price
$165,000
Premium/Discount to List
-$20,000
-10.81%
Total Days on Market
7
Current Estimated Value
$281,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,694
Avg. Annual Appreciation
25.42%
Original Mortgage
$99,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2010
Sold by
Schultz Gil A and Schultz Dianne K
Bought by
Co Prospect Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.05%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 30, 2006
Sold by
Mckinley Bernard L and Mckinley Dema Ann
Bought by
Schultz Gil A and Schultz Dianne K
Source: Public Records

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Range of Values:

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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
Equity Trust Company $165,000 --
Co Prospect Rentals Llc $160,000 None Available
Schultz Gil A $154,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Equity Trust Company $99,000
Previous Owner Co Prospect Rentals Llc $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $165,000 -10.8% $103 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $185,000 -- $116 / 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
2024 $2,950 $285,600 $32,340 $253,260
2023 $3,224 $188,710 $32,340 $156,370
2022 $3,262 $174,590 $32,340 $142,250
2021 $2,776 $174,590 $32,340 $142,250
2020 $2,720 $149,050 $21,020 $128,030
2019 $2,720 $149,050 $21,020 $128,030
2018 $2,688 $145,490 $21,020 $124,470
2017 $2,746 $145,490 $21,020 $124,470
2016 $2,572 $145,490 $21,020 $124,470
2015 $2,572 $145,490 $21,020 $124,470
2014 $2,600 $145,490 $21,020 $124,470
Source: Public Records

Agents Affiliated with this Home

  • Bob Delveau

    Seller's Agent in 2022

    Bob Delveau

    Oakridge Real Estate

    (319) 290-5437

    54 Total Sales

    Bob Delveau
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20223954

Northeast Iowa Regional Board of REALTORS®

APN: 8914-14-430-002

Iowa Black Hawk County Cedar Falls 50613

1116 W 22nd St Unit 1120, Cedar Falls, IA

This home is located at 1116 W 22nd St Unit 1120, Cedar Falls, IA 50613 since 18 August 2022 and is currently estimated at $281,694, approximately $176 per square foot. This property was built in 1910. 1116 W 22nd St Unit 1120 is a home located in Black Hawk County with nearby schools including Lincoln Elementary School, Holmes Junior High School, and Cedar Falls High School.

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Northeast Iowa Regional Board 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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