NOT LISTED FOR SALE

124 5th St SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $144,000 - $147,000

4 Beds
4 Baths
2,235 Sq Ft
$65/Sq Ft Est. Value

Last Sold September 03, 2019

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

Est. 42% increase in value since last sale

Current estimated payment $989/month

32 Days on Market

About This Home

As of September 2019

Fully Rented Four-Plex with great cash flow.

Last Listed By

Jonathan Doerrfeld

COLDWELL BANKER HEDGES Listed on: 07/02/2019

COLDWELL BANKER HEDGES

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

Schools

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

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
Total Days on Market
32
Current Estimated Value
$145,500

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
$174,670
Interest Rate
5.25%
Mortgage Type
New Conventional

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
COLDWELL BANKER HEDGES
Buyer's Agent
Jonathan Doerrfeld
COLDWELL BANKER HEDGES
List Price
$129,000
Sold Price
$102,500
Premium/Discount to List
-$26,500
-20.54%

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

Range of Values:

Collateral Analytics

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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 Larsen Jacob $71,400
Previous Owner Nemecek Keith A $67,000
Previous Owner Nemecek Keith $45,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    COLDWELL BANKER HEDGES

    (319) 202-0001

    5 in this area

    126 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

Homes for Sale in Cedar Rapids, IA

This home is located at 124 5th St SW, Cedar Rapids, IA 52404 since 02 July 2019 and is currently estimated at $145,500, approximately $65 per square foot. This property was built in 1890. 124 5th St 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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