NOT LISTED FOR SALE

124 5th St SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $137,000 - $173,000

4 Beds
4 Baths
2,235 Sq Ft
$69/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $102,500 $46 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,000/month

32 Days on Market

About This Home

As of September 2019

Fully Rented Four-Plex with great cash flow.

Last Agent to Sell the Property

Jonathan Doerrfeld

Realty87 Listed on: 07/02/2019

Realty87

Last Buyer's Agent

Jonathan Doerrfeld

Realty87 Listed on: 07/02/2019

Realty87

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 40x150

Home Design

  • 2,235 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Community Details

  • Gross Income $20,700
  • Net Operating Income $13,747

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • Acres: 0.1380
  • City Name: Cedar Rapids
  • Gross Tax: 2753
  • List User Cell Phone: 319-202-0001
  • Net Tax: 2753
  • 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: 0.82661
  • Ratio Close Price By Original Li: 0.79457
  • Ratio Current Price By Sq Ft: 45.86
  • Total Sq Ft: 2235
  • Style St: Flat/Apartment
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Lot Info

  • Lot Size: 40x150

Rental Info

  • Owner Pays: Water
  • Total Expenses: 6953

Multi Family

  • Gross Income: 20700
  • Net Operating Income: 13747.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2022
Sold by
Larsen and Rachel
Bought by
Freund Rentals Two Llc
Current Estimated Value
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,834
Outstanding Balance
$172,034
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
-$17,034

Purchase Details

Listed on
Jul 2, 2019
Closed on
Sep 3, 2019
Sold by
Nemecek Keith and Nemecek Marleen E
Bought by
Larsen Jacob and Larsen Rachel
Seller's Agent
Jonathan Doerrfeld
Realty87
Buyer's Agent
Jonathan Doerrfeld
Realty87
List Price
$129,000
Sold Price
$102,500
Premium/Discount to List
-$26,500
-20.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%

Purchase Details

Closed on
Jul 30, 2006
Sold by
Khairallah John P and Khairallah Randa
Bought by
Nemecek Keith and Nemecek Marlene E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,600
Interest Rate
6.88%
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
Freund Rentals Two Llc $129,000 None Listed On Document
Larsen Jacob $102,500 None Available
Nemecek Keith $56,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freund Rentals Two Llc $180,834
Previous Owner Nemecek Keith $45,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $102,500 -17.3% $46 / Sq Ft
08/03/2019 08/03/19 Pending -- -- --
07/18/2019 07/18/19 Price Changed $124,000 -3.9% $55 / Sq Ft
07/02/2019 07/02/19 For Sale $129,000 -- $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
2025 $2,204 $129,100 $28,600 $100,500
2024 $2,188 $132,700 $28,600 $104,100
2023 $2,188 $124,500 $20,400 $104,100
2022 $2,530 $103,700 $20,400 $83,300
2021 $2,352 $103,700 $20,400 $83,300
2020 $2,352 $89,100 $12,200 $76,900
2019 $2,496 $87,900 $12,200 $75,700
2018 $2,608 $87,900 $12,200 $75,700
2017 $1,852 $58,700 $12,200 $46,500
2016 $1,644 $49,900 $10,400 $39,500
2015 $1,928 $56,103 $10,404 $45,699
2014 $1,928 $62,612 $7,290 $55,322
2013 $2,276 $62,612 $7,290 $55,322
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jonathan Doerrfeld

    Realty87

    (319) 202-0001

    5 in this area

    133 Total Sales

    Jonathan Doerrfeld
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1904937

Cedar Rapids Area Association of REALTORS®

APN: 14291-77009-00000

Iowa Linn County Cedar Rapids 52404 Taylor

124 5th St SW, Cedar Rapids, IA

Not Listed for Sale

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