NOT LISTED FOR SALE

116 27th St NE Cedar Rapids, IA 52402

Estimated Value: $428,315

-- Bed
-- Bath
5,200 Sq Ft
$82/Sq Ft Est. Value

Last Sold February 14, 2019

Last sale price $312,000 $60 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,871/month

74 Days on Market

About This Home

As of February 2019

tenant rights 24 hour notice to see apartments. Commercial space below will be able to do a walk in. UNIQUE PROPERTY WITH THE MAIN LEVEL BEING COMMERCIAL WITH A LONG TERM TENANT THAT JUST RENEWED FOR ANOTHER 5 YEAR TERM! UPSTAIRS ARE 3 - 2 BEDROOM UNITS WITH GREAT RENTS! MAIN LEVEL RENTS FOR $2055 WITH TENANT PAYING ALL UTILITIES. UPSTAIRS RENTS ARE UNIT A - $690, B -$790, C - $795. B & C UTILITIES ARE INCLUDED IN THEIR RENT. UNIT A PAYS HEAT & ELECTRIC.

Last Agent to Sell the Property

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES Listed on: 10/23/2018

Last Buyer's Agent

Erik Melloy

LEPIC-KROEGER CORRIDOR, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,287

Year Built

  • 1976

Lot Details

  • 7,797 Sq Ft Lot

Home Design

  • 5,200 Sq Ft Home
  • Frame Construction

Utilities

  • Forced Air Cooling System
  • Heating Available

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,287

Year Built

1976

Lot Details

0

Listing Details

  • Acres: 0.1790
  • City Name: Cedar Rapids
  • Gross Tax: 7287
  • List User Cell Phone: 319-981-3702
  • Miscellaneous: Basement, Parking Spaces
  • Net Tax: 7287
  • Noof Units Two Bedroom: 3
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.94560
  • Ratio Close Price By Original Li: 0.80000
  • Ratio Current Price By Sq Ft: 60.00
  • Total Sq Ft: 5200
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Exterior Features

  • Construction Methods: Frame
  • Exterior: Composite

Utilities

  • Heating Cooling: Electricity Heat, Forced Air

Schools

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

Lot Info

  • Lot Size: Irregular

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2018
Closed on
Feb 11, 2019
Sold by
Chuck & Joni Klein Family Trust
Bought by
N & L Investments Llc
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Erik Melloy
LEPIC-KROEGER CORRIDOR, REALTORS
List Price
$390,000
Sold Price
$312,000
Premium/Discount to List
-$78,000
-20%
Current Estimated Value
$428,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,315
Avg. Annual Appreciation
4.95%
Original Mortgage
$249,600
Outstanding Balance
$210,743
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$214,756

Purchase Details

Closed on
Dec 21, 2009
Sold by
Bateman Barbra S and Bateman Barbara S
Bought by
Klein & Company Inc
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
N & L Investments Llc $312,000 None Available
Klein & Company Inc $164,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open N & L Investments Llc $249,600
Previous Owner Bateman Barbara S $68,474
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2019 02/14/19 Sold $312,000 -5.4% $60 / Sq Ft
01/05/2019 01/05/19 Pending -- -- --
01/03/2019 01/03/19 Price Changed $329,950 -8.3% $63 / Sq Ft
11/20/2018 11/20/18 Price Changed $359,950 -7.7% $69 / Sq Ft
10/23/2018 10/23/18 For Sale $390,000 -- $75 / 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
2023 $6,060 $229,400 $23,400 $206,000
2022 $318 $287,400 $23,400 $264,000
2021 $7,060 $228,300 $23,400 $204,900
2020 $7,060 $229,200 $23,400 $205,800
2019 $7,160 $217,500 $11,700 $205,800
2018 $7,288 $217,500 $11,700 $205,800
2017 $7,288 $171,500 $11,700 $159,800
2016 $6,170 $171,500 $11,700 $159,800
2015 $6,296 $183,229 $23,400 $159,829
2014 $6,296 $183,229 $23,400 $159,829
2013 $6,662 $183,229 $23,400 $159,829
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

  • Erik Melloy

    Buyer's Agent in 2019

    Erik Melloy

    LEPIC-KROEGER CORRIDOR, REALTORS

    (319) 333-9182

    75 Total Sales

    Erik Melloy
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1807473

Cedar Rapids Area Association of REALTORS®

APN: 14142-27014-00000

Iowa Linn County Cedar Rapids 52402

116 27th St NE, Cedar Rapids, IA

This home is located at 116 27th St NE, Cedar Rapids, IA 52402 since 23 October 2018 and is currently estimated at $428,315, approximately $82 per square foot. This property was built in 1976. 116 27th St NE is a home located in Linn County with nearby schools including Arthur 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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