NOT LISTED FOR SALE

120 17th St NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $129,000 - $131,000

5 Beds
4 Baths
2,164 Sq Ft
$60/Sq Ft Est. Value

Last Sold January 11, 2021

Last sale price $105,000 $49 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $900/month

99 Days on Market

About This Home

As of January 2021

This 4 unit property brings in $27,300 (gross income) a year with the potential for more! There are 3 one bedroom units and 1 two bedroom unit. If you have thought about investing this is the one! Call for a private showing today

Last Agent to Sell the Property

Jeremiah Harris

Pinnacle Realty LLC Listed on: 08/24/2020

Pinnacle Realty LLC

Last Buyer's Agent

Laura Merchan

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,527

Year Built

  • 1900

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Parking

  • Garage

Home Design

  • 2,164 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Community Details

  • Gross Income $27,300
  • Net Operating Income $17,400

Listing and Financial Details

  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,527

Year Built

1900

Lot Details

0

Listing Details

  • Acres: 0.1150
  • City Name: Cedar Rapids
  • Gross Tax: 2527
  • Last City Inspection: 2016
  • List User Cell Phone: 319-551-8056
  • Miscellaneous: Basement, Garage, Parking Spaces, Sep. Meter – Electric
  • Net Tax: 2527
  • Noof Units One Bedroom: 3
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.92105
  • Ratio Close Price By Original Li: 0.84000
  • Ratio Current Price By Sq Ft: 48.52
  • Total Sq Ft: 2164
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Window/Wall Air

Schools

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

Lot Info

  • Lot Size: 50 x 100

Rental Info

  • Owner Pays: Water, Electricity, Gas
  • Total Expenses: 9900

Multi Family

  • Gross Income: 27300
  • Net Operating Income: 17400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Dec 31, 2020
Sold by
Scarfi Kristen
Bought by
Rich Jerimiah
Seller's Agent
Jeremiah Harris
Pinnacle Realty LLC
Buyer's Agent
Laura Merchan
SKOGMAN REALTY
List Price
$125,000
Sold Price
$105,000
Premium/Discount to List
-$20,000
-16%
Current Estimated Value
$130,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,095
Avg. Annual Appreciation
5.68%
Original Mortgage
$78,750
Outstanding Balance
$71,085
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$63,311

Purchase Details

Closed on
Sep 16, 2016
Sold by
J Z Properties Llc
Bought by
Scarfi Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 31, 2005
Sold by
Grimm Bradley M and Grimm Sandra A
Bought by
Jz Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,160
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 29, 2005
Sold by
Puffer Wade A and Puffer Wade H
Bought by
Grimm Bradley M and Grimm Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,720
Interest Rate
5.83%
Mortgage Type
New Conventional
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
Rich Jerimiah $112,500 None Available
Scarfi Kristen -- None Available
Jz Properties Llc -- --
Grimm Bradley M $45,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rich Jerimiah $78,750
Previous Owner Scarfi Kristen $65,600
Previous Owner Jz Properties Llc $2,048,500
Previous Owner Jz Properties Llc $48,000
Previous Owner Grimm Bradley M $16,160
Previous Owner Grimm Bradley M $36,720
Previous Owner Grimm Bradley M $36,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2021 01/11/21 Sold $105,000 -7.9% $49 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/29/2020 11/29/20 Price Changed $114,000 -5.0% $53 / Sq Ft
10/16/2020 10/16/20 Price Changed $120,000 -4.0% $55 / Sq Ft
08/24/2020 08/24/20 For Sale $125,000 -- $58 / 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 $2,132 $122,600 $22,000 $100,600
2022 $2,466 $101,100 $22,000 $79,100
2021 $2,400 $101,100 $22,000 $79,100
2020 $2,400 $90,900 $17,600 $73,300
2019 $2,245 $69,300 $17,600 $51,700
2018 $2,056 $69,300 $17,600 $51,700
2017 $1,840 $55,800 $17,600 $38,200
2016 $1,840 $55,800 $17,600 $38,200
2015 $2,390 $69,538 $17,600 $51,938
2014 $2,390 $63,542 $8,100 $55,442
2013 $2,310 $63,542 $8,100 $55,442
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeremiah Harris

    Pinnacle Realty LLC

    (319) 551-8056

    2 in this area

    30 Total Sales

    Jeremiah Harris
    Section Image

  • L

    Buyer's Agent in 2021

    Laura Merchan

    SKOGMAN REALTY

    (319) 551-8900

    2 in this area

    92 Total Sales

    Laura Merchan
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2006058

Cedar Rapids Area Association of REALTORS®

APN: 14222-01013-00000

Iowa Linn County Cedar Rapids 52402 Mound View

120 17th St NE, Cedar Rapids, IA

This home is located at 120 17th St NE, Cedar Rapids, IA 52402 since 24 August 2020 and is currently estimated at $130,095, approximately $60 per square foot. This property was built in 1900. 120 17th 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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