NOT LISTED FOR SALE

1304 Franklin St Cedar Falls, IA 50613

Estimated Value: $195,000 - $274,000

4 Beds
2 Baths
1,224 Sq Ft
$189/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $130,000 $106 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,496/month

565 Days on Market

Highlights

  • Deck
  • Holmes Junior High School Rated A-
  • Forced Air Heating System

About This Home

As of February 2021

Great investment property in great Cedar Falls location. 2 bedrooms in upstairs unit and 3 bedrooms on the first floor. Spacious rooms throughout. Main floor unit is currently vacant. Could be converted to a nice single family home using $10,000.00 grant money from the city of Cedar Falls. Call for details on this program. Main level was previously rented for $930 and upstairs currently rented for $720 through May 2020. Better hurry on this one!

Last Agent to Sell the Property

Gale Bonsall

Oakridge Real Estate License #B03597 Listed on: 06/24/2019

Oakridge Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 5,940 Sq Ft Lot
  • Lot Dimensions are 66 x 90

Home Design

  • Duplex
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • 2-Story Property
  • Interior Basement Entry
  • Laundry on lower level

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Deck

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Water Sewer Expense $85

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, lawn care, snow removal
  • Assessor Parcel Number 891413131001

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Parcel Number: 891413131001
  • Year Built: 1890
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor, Lower Level
  • Lot Size Acres: 0.136
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-277-5005
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1224
  • Architectural Style: Two Story, Duplex
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Entrance-Inside

Exterior Features

  • Construction Type: Aluminum Siding
  • Exterior Features: Sidewalk, Deck
  • Siding: Aluminum

Garage/Parking

  • Parking Features: None, Street Parking

Utilities

  • Cooling: None
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Cable in Rent, Garbage Pd by Individual, Gas Individual Meters, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 85

Schools

  • Elementary School: Lincoln Elementary CF
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 66 x 90
  • Lot Size Sq Ft: 5940

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Lawn Care, Snow Removal
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Feb 18, 2021
Sold by
Namaste Properties Llc
Bought by
Steiert Bryce and Steiert Andrew
Seller's Agent
Gale Bonsall
Oakridge Real Estate
List Price
$169,900
Sold Price
$130,000
Premium/Discount to List
-$39,900
-23.48%
Current Estimated Value
$231,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,609
Avg. Annual Appreciation
13.38%
Original Mortgage
$110,500
Outstanding Balance
$99,055
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$132,554
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
Steiert Bryce $130,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steiert Bryce $110,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $130,000 -13.3% $106 / Sq Ft
01/09/2021 01/09/21 Pending -- -- --
07/21/2020 07/21/20 Price Changed $149,900 -6.3% $122 / Sq Ft
07/22/2019 07/22/19 Price Changed $159,900 -5.9% $131 / Sq Ft
06/24/2019 06/24/19 For Sale $169,900 -- $139 / Sq Ft
Source: Northeast Iowa Regional Board 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
2024 $3,278 $209,640 $24,650 $184,990
2023 $3,386 $209,640 $24,650 $184,990
2022 $3,426 $183,390 $24,650 $158,740
2021 $3,514 $183,390 $24,650 $158,740
2020 $3,446 $188,750 $17,800 $170,950
2019 $3,446 $188,750 $17,800 $170,950
2018 $3,100 $167,740 $17,800 $149,940
2017 $3,166 $167,740 $17,800 $149,940
2016 $2,964 $167,740 $17,800 $149,940
2015 $2,964 $167,740 $17,800 $149,940
2014 $2,648 $148,180 $17,800 $130,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20193325

Northeast Iowa Regional Board of REALTORS®

APN: 8914-13-131-001