NOT LISTED FOR SALE

1231 2nd Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $93,042 - $202,000

4 Beds
4 Baths
2,678 Sq Ft
$55/Sq Ft Est. Value

Last Sold December 16, 2013

Last sale price $54,000 $20 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $977/month

167 Days on Market

Highlights

  • Shed
  • Garage
  • 4-minute walk to Wellington Park

About This Home

As of December 2013

WELL MAINTAINED 4 PLEX NEAR PCI AND COE COLLEGE. 2 UNITS RECENTLY PREPPED AND READY TO RENT. 2 UNITS RENTED, WITH LONG TERM TENANTS. GARAGE, STORAGE SHED AND LAUNDRY AREA IN BASEMENT OFFER POTENTIAL INCOME. NICE OPEN FOYER AND UNITS WITH LOTS OF CHARACTER. VACANT UNITS AVAILABLE TO SHOW SHORT NOTICE, RENTED UNITS TENANTS RIGHTS 24 HOURS NOTICE TO SHOW

Last Agent to Sell the Property

Bob Lynch

Realty87 Listed on: 05/15/2013

Realty87

Last Buyer's Agent

Don Rajtora

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Parking

  • Garage

Home Design

  • 2,678 Sq Ft Home
  • Frame Construction

Utilities

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

Additional Features

  • Shed
  • Lot Dimensions are 36.5x140

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 3199
  • List User Cell Phone: 319-573-7489
  • Miscellaneous: Basement, Common Laundry-Leased, Garage, Shed
  • Net Tax: 3199
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 3
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.87097
  • Ratio Close Price By Original Li: 0.78261
  • Ratio Current Price By Sq Ft: 20.16
  • Total Sq Ft: 2678
  • Style St: Upper/Lower
  • Taxable Value Tv: 76916.00
  • Tax Roll Number: 142232702400000
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Utilities

  • Heating Cooling: Gas Heat, Window/Wall Air

Schools

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

Lot Info

  • Lot Size: 36.5X140

Rental Info

  • Owner Pays: Electricity, Gas, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2013
Closed on
Dec 12, 2013
Sold by
Conroy Rodney A and Floyd J Conroy Living Trust
Bought by
Waterbury Property Management Llc
Seller's Agent
Bob Lynch
Realty87
Buyer's Agent
Don Rajtora
SKOGMAN REALTY
List Price
$69,000
Sold Price
$54,000
Premium/Discount to List
-$15,000
-21.74%
Current Estimated Value
$146,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,014
Avg. Annual Appreciation
8.81%
Original Mortgage
$54,000
Outstanding Balance
$28,053
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$117,961

Purchase Details

Closed on
Sep 8, 2008
Sold by
Conroy Floyd J
Bought by
Floyd J Conroy Revocable Living Trust

Purchase Details

Closed on
Nov 20, 2002
Sold by
Conroy Floyd J
Bought by
Floyd J Conroy Revocable Living Trust
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
Waterbury Property Management Llc -- None Available
Floyd J Conroy Revocable Living Trust -- None Available
Floyd J Conroy Revocable Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waterbury Property Management Llc $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2013 12/16/13 Sold $54,000 -21.7% $20 / Sq Ft
10/29/2013 10/29/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $69,000 -- $26 / 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 $2,476 $153,700 $19,800 $133,900
2024 $2,322 $132,300 $19,800 $112,500
2023 $2,322 $130,500 $18,000 $112,500
2022 $2,688 $102,800 $14,400 $88,400
2021 $2,648 $102,800 $14,400 $88,400
2020 $2,648 $93,700 $9,000 $84,700
2019 $1,770 $57,400 $9,000 $48,400
2018 $1,850 $57,400 $9,000 $48,400
2017 $1,818 $53,100 $9,000 $44,100
2016 $1,898 $53,100 $9,000 $44,100
2015 $2,592 $68,706 $9,000 $59,706
2014 $2,592 $76,916 $8,278 $68,638
2013 $3,070 $76,916 $8,278 $68,638
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Bob Lynch

    Realty87

    Section Image

  • D

    Buyer's Agent in 2013

    Don Rajtora

    SKOGMAN REALTY

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1303500

Cedar Rapids Area Association of REALTORS®

APN: 14223-27024-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1231 2nd Ave SE, Cedar Rapids, IA

This home is located at 1231 2nd Ave SE, Cedar Rapids, IA 52403 since 15 May 2013 and is currently estimated at $146,014, approximately $54 per square foot. This property was built in 1910. 1231 2nd Ave SE is a home located in Linn County with nearby schools including Johnson STEAM Academy, McKinley STEAM Academy, 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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