NOT LISTED FOR SALE

1314 2nd Ave SE Cedar Rapids, IA 52403

Oak Hill Jackson Neighborhood

Estimated Value: $102,632 - $538,000

3 Beds
1 Bath
18,840 Sq Ft
$15/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $485,000 $26 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $1,548/month

4 Days on Market

About This Home

As of November 2021

Building has 8-1 BR apt, new lease amounts at $450 and 5-apt at $725 per month. Full basement for laundry and storage. Owner is a licensed agent in the state of Iowa and may want to do 1031 exchange.

Last Agent to Sell the Property

Tom Bevard

EPIC PROPERTY MANAGEMENT Listed on: 08/31/2021

Co-Listed By

Chris Bevard

EPIC PROPERTY MANAGEMENT

Last Buyer's Agent

Jim Zachar

COLDWELL BANKER HEDGES

COLDWELL BANKER HEDGES

Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • Lot Dimensions are 150 x 140
  • Sprinkler System

Parking

  • 24 Parking Spaces

Home Design

  • 18,840 Sq Ft Home
  • Masonry

Utilities

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

Community Details

  • Gross Income $72,791
  • Net Operating Income $11,784

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 14446
  • List User Cell Phone: 319-929-3135
  • Miscellaneous: Basement, Common Laundry-Owned, Parking Spaces, Rent Permit, Sprinkler, Ten Storag
  • Net Tax: 14446
  • Noof Units One Bedroom: 8
  • Noof Units Three Bedroom: 3
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.92381
  • Ratio Close Price By Original Li: 0.92381
  • Ratio Current Price By Sq Ft: 25.74
  • Total Sq Ft: 18840
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: RMF-2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Exterior Features

  • Construction Methods: Masonry Frm
  • Exterior: Partial Stone

Garage/Parking

  • Number Of Parking Spaces: 24

Utilities

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

Schools

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

Lot Info

  • Lot Size: 150 X 140

Rental Info

  • Total Expenses: 61007

Multi Family

  • Gross Income: 72791
  • Net Operating Income: 11784.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2014
Sold by
Casteel Marc and Casteel Nicole M
Bought by
Little Ii Llc
Current Estimated Value
$276,877

Purchase Details

Closed on
Dec 16, 2005
Sold by
Humphrey Susan K
Bought by
Casteel Marc and Casteel Nicole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
9.95%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Little Ii Llc -- None Available
Casteel Marc $49,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Casteel Marc $45,000
Previous Owner Casteel Marc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $485,000 -7.6% $26 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $525,000 -- $28 / 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 $64 $3,000 $3,000 $0
2022 $62 $3,000 $3,000 $0
2021 $66 $3,000 $3,000 $0
2020 $66 $3,000 $3,000 $0
2019 $64 $3,000 $3,000 $0
2018 $62 $3,000 $3,000 $0
2017 $56 $3,000 $3,000 $0
2016 $56 $2,600 $2,600 $0
2015 $54 $2,550 $2,550 $0
2014 $56 $2,550 $2,550 $0
2013 $54 $2,550 $2,550 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tom Bevard

    EPIC PROPERTY MANAGEMENT

    (319) 929-3135

    3 in this area

    19 Total Sales

    Tom Bevard
    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Chris Bevard

    EPIC PROPERTY MANAGEMENT

    (319) 929-3130

    3 in this area

    24 Total Sales

    Chris Bevard
    Section Image
  • Jim Zachar

    Buyer's Agent in 2021

    Jim Zachar

    COLDWELL BANKER HEDGES

    (319) 389-0008

    3 in this area

    127 Total Sales

    Jim Zachar
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2106056

Cedar Rapids Area Association of REALTORS®

APN: 14284-05006-00000

Iowa Linn County Cedar Rapids 52403 Oak Hill Jackson

1314 2nd Ave SE, Cedar Rapids, IA

This home is located at 1314 2nd Ave SE, Cedar Rapids, IA 52403 since 31 August 2021 and is currently estimated at $276,877, approximately $14 per square foot. This property was built in 1967. 1314 2nd Ave SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, 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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