NOT LISTED FOR SALE

1211 5th Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $136,405 - $167,000

4 Beds
4 Baths
1,856 Sq Ft
$80/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $160,000 $86 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $926/month

220 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Storage
  • Forced Air Heating System

About This Home

As of October 2024

Creative finance opportunity! Fully rented 4-pex with $2,490 per month in gross rents! This well-maintained Four-plex with 2 studio units and 2 one-bedroom units is an ideal investment opportunity for those looking to enter the market. Located on the SE side of Cedar Rapids, the property offers low maintenance with a newer roof, plus a spacious open backyard. Perfect for a new owner to take over and begin generating income from day one. Seller Financing, Subject to and Lease Option available. Package deal available for 1207 5th Ave Se and 1211 5th Ave SE. Tenant occupied, 48 hours minimum notice for showings, pre approval required for showings on occupied units.

Last Agent to Sell the Property

connor harris

SKOGMAN REALTY Listed on: 02/17/2024

SKOGMAN REALTY

Last Buyer's Agent

Travis Gaule

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,722

Year Built

  • Built in 1914

Lot Details

  • Lot Dimensions are 30 x 140

Home Design

  • Frame Construction
  • Stone

Interior Spaces

  • 1,856 Sq Ft Home
  • Storage

Schools

  • Johnson Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 142233400700000

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $1,598
  • Gross Income $29,880
  • Net Operating Income $28,282

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,722

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Co List Office Phone: 319-213-1162
  • MLS Status: Closed
  • Directions: 19th St SE to 5th Ave SE
  • Reso Interior Features: Storage
  • Year Built: 1914
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Type: Frame, Stone

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Johnson
  • High School: Washington
  • Middle Or Junior School: McKinley

Lot Info

  • Lot Dimensions: 30 X 140
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142233400700000
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 29880.0
  • Net Operating Income: 28282.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 1598.0

Tax Info

  • Tax Annual Amount: 1722.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2024
Closed on
Oct 1, 2024
Sold by
Amazing Properties Llc
Bought by
Diversity Holdings Llc
Seller's Agent
connor harris
SKOGMAN REALTY
Buyer's Agent
Travis Gaule
SKOGMAN REALTY
List Price
$169,999
Sold Price
$160,000
Premium/Discount to List
-$9,999
-5.88%
Views
2
Current Estimated Value
$148,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,532
Avg. Annual Appreciation
-6.30%

Purchase Details

Closed on
May 11, 2023
Sold by
Homelife Capital Llc
Bought by
Amazing 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
$100,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2021
Closed on
Nov 10, 2021
Sold by
Matthew Zoldano
Bought by
Homelife Capital Llc
Seller's Agent
Jeremy Trenkamp
Realty87
Buyer's Agent
Lisa Nolan
RE/MAX CONCEPTS
List Price
$126,500
Sold Price
$108,000
Premium/Discount to List
-$18,500
-14.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$114,000
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2020
Sold by
No Coast Properties 5Th Ave Llc
Bought by
Zoldano Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 3, 2018
Closed on
May 30, 2018
Sold by
1211 5Th Avenue Se Residential Cooperati
Bought by
No Coast Properties 5Th Ave Llc
Seller's Agent
Ryan Eighme
Pinnacle Realty LLC
Buyer's Agent
Jennifer Burhans
LEPIC-KROEGER CORRIDOR, REALTORS
List Price
$92,500
Sold Price
$82,000
Premium/Discount to List
-$10,500
-11.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%
Original Mortgage
$67,150
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 18, 2013
Sold by
Himmelsbach Eric John
Bought by
Himmelsbach Developments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,421
Interest Rate
4.29%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 14, 2012
Closed on
Sep 17, 2012
Sold by
Scollon Alice M
Bought by
Houghton Donald R
Seller's Agent
Gerry Wordehoff
BUCK CREEK REALTY
Buyer's Agent
Rachel Brant
MARIAN ARENS ELITE REALTY
List Price
$59,900
Sold Price
$52,000
Premium/Discount to List
-$7,900
-13.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.28%
Original Mortgage
$104,000
Interest Rate
3.59%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 28, 2005
Sold by
Okken Orville David
Bought by
Griffin Mike and Schellhammer Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
9.92%
Mortgage Type
Commercial
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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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
Diversity Holdings Llc $160,000 None Listed On Document
Diversity Holdings Llc $160,000 None Listed On Document
Amazing Properties Llc $125,000 None Listed On Document
Amazing Properties Llc $125,000 None Listed On Document
Homelife Capital Llc $108,000 None Listed On Document
Zoldano Matthew $110,000 None Available
No Coast Properties 5Th Ave Llc $82,000 None Available
Himmelsbach Developments Llc -- None Available
Himmelsback Developments Llc -- None Available
Houghton Donald R $100,000 None Available
Griffin Mike $24,500 All American Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amazing Properties Llc $100,000
Previous Owner Homelife Capital Llc $114,000
Previous Owner Zoldano Matthew $82,500
Previous Owner No Coast Properties 5Th Ave Llc $67,150
Previous Owner Himmelsback Developments Llc $348,421
Previous Owner Houghton Donald R $104,000
Previous Owner Griffin Mike $43,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2024 10/01/24 Sold $160,000 -5.9% $86 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
02/17/2024 02/17/24 For Sale $169,999 +57.4% $92 / Sq Ft
11/15/2021 11/15/21 Sold $108,000 -8.4% $58 / Sq Ft View Prior Sale
09/22/2021 09/22/21 Pending -- -- --
09/14/2021 09/14/21 Price Changed $117,900 -6.8% $64 / Sq Ft
09/07/2021 09/07/21 For Sale $126,500 0.0% $68 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
08/03/2021 08/03/21 Price Changed $126,500 -2.6% $68 / Sq Ft
07/16/2021 07/16/21 For Sale $129,900 +58.4% $70 / Sq Ft
05/31/2018 05/31/18 Sold $82,000 0.0% $44 / Sq Ft View Prior Sale
05/31/2018 05/31/18 Off Market $82,000 -- --
02/23/2018 02/23/18 Price Changed $87,900 -5.0% $47 / Sq Ft
01/03/2018 01/03/18 For Sale $92,500 +77.9% $50 / Sq Ft
09/17/2012 09/17/12 Sold $52,000 -13.2% $28 / Sq Ft View Prior Sale
07/26/2012 07/26/12 Pending -- -- --
07/14/2012 07/14/12 For Sale $59,900 -- $32 / 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 $1,704 $112,500 $16,500 $96,000
2024 $1,598 $97,800 $16,500 $81,300
2023 $1,598 $96,300 $15,000 $81,300
2022 $1,850 $75,800 $12,000 $63,800
2021 $1,854 $75,800 $12,000 $63,800
2020 $1,854 $70,200 $7,500 $62,700
2019 $1,016 $47,100 $7,500 $39,600
2018 $988 $47,100 $7,500 $39,600
2017 $988 $46,700 $7,500 $39,200
2016 $992 $46,700 $7,500 $39,200
2015 $1,150 $54,039 $7,500 $46,539
2014 $1,150 $59,919 $6,804 $53,115
2013 $2,178 $59,919 $6,804 $53,115
Source: Public Records

Agents Affiliated with this Home

  • c

    Seller's Agent in 2024

    connor harris

    SKOGMAN REALTY

    (319) 855-2212

    2 in this area

    21 Total Sales

    connor harris
    Section Image
  • Travis Gaule

    Buyer's Agent in 2024

    Travis Gaule

    SKOGMAN REALTY

    (319) 621-5324

    8 in this area

    52 Total Sales

    Travis Gaule
    Section Image
  • Jeremy Trenkamp

    Seller's Agent in 2021

    Jeremy Trenkamp

    Realty87

    (319) 270-1323

    17 in this area

    823 Total Sales

    Jeremy Trenkamp
    Section Image
  • Lisa Nolan

    Buyer's Agent in 2021

    Lisa Nolan

    RE/MAX

    (319) 551-3206

    4 in this area

    148 Total Sales

    Lisa Nolan
    Section Image
  • Ryan Eighme

    Seller's Agent in 2018

    Ryan Eighme

    Pinnacle Realty LLC

    (319) 721-6099

    10 in this area

    130 Total Sales

    Ryan Eighme
    Section Image
  • Jennifer Burhans

    Buyer's Agent in 2018

    Jennifer Burhans

    LEPIC-KROEGER CORRIDOR, REALTORS

    (319) 270-9353

    5 in this area

    212 Total Sales

    Jennifer Burhans
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2401091

Cedar Rapids Area Association of REALTORS®

APN: 14223-34007-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1211 5th Ave SE, Cedar Rapids, IA

Not Listed for Sale

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