NOT LISTED FOR SALE

Estimated Value: $122,000 - $135,231

3 Beds
2 Baths
1,339 Sq Ft
$95/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $120,000 $90 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $814/month

50 Days on Market

About This Home

As of January 2023

This duplex is a gem, perfectly located near first ave, getting anywhere to and from is a breeze! Lower unit is a two bed one bath with access to a massive basement and laundry in unit. Tenant in lower unit has an active lease through March 2023 and is willing to stay! Upper level is a charming one bedroom with its own private entry and laundry in unit. Tenant in upper has an active lease through November 2022. This home has been completely remodeled with all new flooring, paint, plumbing, cabinets, backsplash, gutter and siding repair, new appliances... I could ramble forever. Seller only pays lawn care/snow removal and internet, the tenants are responsible for all other utilities! What a rare find!! Lower unit rent $700/mo. upper unit rent $600/mo.

Last Agent to Sell the Property

Tyler Funke

COLDWELL BANKER HEDGES CORRIDOR Listed on: 10/10/2022

COLDWELL BANKER HEDGES CORRIDOR

Last Buyer's Agent

Tyler Funke

COLDWELL BANKER HEDGES CORRIDOR Listed on: 10/10/2022

COLDWELL BANKER HEDGES CORRIDOR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,210

Year Built

  • 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 43.67x50

Home Design

  • 1,339 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Laundry

  • Laundry in unit

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

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

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $1,300
  • Net Operating Income $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,210

Year Built

1900

Lot Details

0

Listing Details

  • Acres: 0.0500
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 1210
  • List User Cell Phone: 319-491-5446
  • Miscellaneous: Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Unit Laundry
  • Net Tax: 1210
  • Noof Units One Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.96000
  • Ratio Close Price By Original Li: 0.85714
  • Ratio Current Price By Sq Ft: 89.62
  • Total Sq Ft: 1339
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Basement: Block, Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Forced Air, Gas Heat, Window/Wall Air

Schools

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

Lot Info

  • Lot Size: 43.67X50

Rental Info

  • Pets: Pets Allowed
  • Total Expenses: 300

Multi Family

  • Gross Income: 1300
  • Net Operating Income: 1000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2025
Sold by
Black Diamond Equity Partners Llc
Bought by
Zavaleta Ernesto
Total Days on Market
50
Current Estimated Value
$127,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Outstanding Balance
$93,594
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$33,816

Purchase Details

Closed on
Apr 28, 2023
Sold by
Capital Holdings Llc
Bought by
Jrb Solutions Llc

Purchase Details

Listed on
Oct 10, 2022
Closed on
Jan 20, 2023
Sold by
Local Dwellings Llc
Bought by
Black Diamond Equity Partners Llc
Seller's Agent
Tyler Funke
COLDWELL BANKER HEDGES CORRIDOR
Buyer's Agent
Tyler Funke
COLDWELL BANKER HEDGES CORRIDOR
List Price
$140,000
Sold Price
$120,000
Premium/Discount to List
-$20,000
-14.29%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.49%
Original Mortgage
$96,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 8, 2019
Closed on
Sep 1, 2020
Sold by
T & S Property Management Llc
Bought by
Local Dwellings Llc
Seller's Agent
Bonnie Tiernan
COLDWELL BANKER HEDGES
Buyer's Agent
Taylor Bergen
COLDWELL BANKER HEDGES
List Price
$79,000
Sold Price
$59,000
Premium/Discount to List
-$20,000
-25.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.76%
Original Mortgage
$73,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2015
Sold by
Bennett Kenneth D and Bennett Daniel Marcene
Bought by
T & S Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 1997
Sold by
Christiansen Sandra S and Christiansen Hans
Bought by
Bennett Kenneth D and Bennett Daniel Marcene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,600
Interest Rate
8%
Source: Public Records

Range of Values:

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Average Value
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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
Zavaleta Ernesto $125,000 River Ridge Escrow
Zavaleta Ernesto $125,000 River Ridge Escrow
Jrb Solutions Llc $55,000 None Listed On Document
Black Diamond Equity Partners Llc $120,000 --
Local Dwellings Llc $59,000 None Available
Local Dwellings Llc $93,600 Estlund Tim
T & S Property Management Llc $75,000 None Available
Bennett Kenneth D $45,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zavaleta Ernesto $93,750
Closed Zavaleta Ernesto $93,750
Previous Owner Black Diamond Equity Partners Llc $96,000
Previous Owner Local Dwellings Llc $73,000
Previous Owner T & S Property Management Llc $75,000
Previous Owner Bennett Kenneth D $4,174
Previous Owner Bennett Kenneth D $43,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2023 01/20/23 Sold $120,000 -4.0% $90 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/17/2022 11/17/22 Price Changed $125,000 -3.8% $93 / Sq Ft
11/10/2022 11/10/22 Price Changed $130,000 -3.7% $97 / Sq Ft
10/31/2022 10/31/22 Price Changed $135,000 -3.6% $101 / Sq Ft
10/10/2022 10/10/22 For Sale $140,000 +137.3% $105 / Sq Ft
09/03/2020 09/03/20 Sold $59,000 -22.4% $44 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
05/18/2020 05/18/20 Price Changed $76,000 -3.8% $57 / Sq Ft
01/16/2020 01/16/20 For Sale $79,000 0.0% $59 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
12/19/2019 12/19/19 Price Changed $79,000 -7.1% $59 / Sq Ft
11/08/2019 11/08/19 For Sale $85,000 -- $63 / 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 $1,282 $75,700 $11,800 $63,900
2022 $1,210 $60,800 $11,800 $49,000
2021 $1,152 $58,400 $11,800 $46,600
2020 $1,152 $52,200 $8,300 $43,900
2019 $1,339 $57,000 $7,100 $49,900
2018 $1,092 $54,300 $7,100 $47,200
2017 $1,178 $54,100 $7,100 $47,000
2016 $1,058 $49,800 $7,100 $42,700
2015 $1,113 $52,295 $7,075 $45,220
2014 $1,064 $52,295 $7,075 $45,220
2013 $1,050 $52,295 $7,075 $45,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2209066

Cedar Rapids Area Association of REALTORS®

APN: 14291-61009-00000