NOT LISTED FOR SALE

1221 3rd Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $114,058 - $121,000

2 Beds
2 Baths
1,750 Sq Ft
$67/Sq Ft Est. Value

Last Sold October 03, 2018

Last sale price $83,000 $47 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $799/month

98 Days on Market

Highlights

  • Hot Water Heating System
  • Garage
  • 2-minute walk to Krebs Park

About This Home

As of October 2018

Well maintained duplex with long term tenants in place. Lower unit rented at $585, upper at $540. Landlord pays heat and water. Shared two stall garage. Original woodwork throughout. Updated electrical service, roof new in 2006.

Last Agent to Sell the Property

Dan Wilkes

SKOGMAN REALTY Listed on: 05/25/2018

Last Buyer's Agent

Dan Wilkes

SKOGMAN REALTY Listed on: 05/25/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,635

Year Built

  • 1909

Lot Details

  • Lot Dimensions are 46 x 96

Parking

  • Garage

Home Design

  • 1,750 Sq Ft Home
  • Frame Construction

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $13,500
  • Net Operating Income $7,218

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,635

Year Built

1909

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 1635
  • Last City Inspection: 5/17/14
  • List User Cell Phone: 319-491-0567
  • Miscellaneous: Basement, Garage, Sep. Meter – Electric, Ten Storag
  • Net Tax: 1635
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.92737
  • Ratio Close Price By Original Li: 0.92737
  • Ratio Current Price By Sq Ft: 47.43
  • Total Sq Ft: 1750
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: R3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1909

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Utilities

  • Heating Cooling: Gas Heat, Hot Water Heat

Schools

  • Elementary School: Taylor
  • Middle School: Wilson
  • High School: Jefferson

Lot Info

  • Lot Size: 46 X 96

Rental Info

  • Owner Pays: Water, Gas
  • Total Expenses: 5887

Multi Family

  • Gross Income: 13500
  • Net Operating Income: 7218.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2018
Closed on
Oct 3, 2018
Sold by
Price Russell R and Price Marilyn E
Bought by
Stevens Gregory E
Seller's Agent
Dan Wilkes
SKOGMAN REALTY
Buyer's Agent
Dan Wilkes
SKOGMAN REALTY
List Price
$89,500
Sold Price
$83,000
Premium/Discount to List
-$6,500
-7.26%
Current Estimated Value
$117,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,019
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
Stevens Gregory E $83,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2018 10/03/18 Sold $83,000 -7.3% $47 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $89,500 -- $51 / 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 $1,794 $103,200 $20,400 $82,800
2022 $1,736 $85,100 $17,400 $67,700
2021 $1,804 $83,800 $17,400 $66,400
2020 $1,804 $81,800 $16,300 $65,500
2019 $1,618 $75,100 $16,300 $58,800
2018 $1,574 $75,100 $16,300 $58,800
2017 $1,610 $73,900 $16,300 $57,600
2016 $1,424 $67,000 $16,300 $50,700
2015 $1,702 $80,014 $16,340 $63,674
2014 $1,702 $77,453 $15,790 $61,663
2013 $1,612 $77,453 $15,790 $61,663
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Dan Wilkes

    SKOGMAN REALTY

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1803690

Cedar Rapids Area Association of REALTORS®

APN: 14293-01003-00000

Iowa Linn County Cedar Rapids 52404 Taylor

1221 3rd Ave SW, Cedar Rapids, IA

This home is located at 1221 3rd Ave SW, Cedar Rapids, IA 52404 since 25 May 2018 and is currently estimated at $117,019, approximately $66 per square foot. This property was built in 1909. 1221 3rd Ave SW is a home located in Linn County with nearby schools including Cedar River Academy at Taylor Elementary School, Wilson Middle School, and Thomas Jefferson 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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