NOT LISTED FOR SALE

1314 2nd Ave SE Cedar Rapids, IA 52403

Oak Hill Jackson Neighborhood

Estimated Value: $104,873 - $228,000

3 Beds
1 Bath
18,840 Sq Ft
$9/Sq Ft Est. Value

Last Sold November 03, 2021

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

Current estimated payment $881/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

Realty87

Realty87

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

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
$165,958

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
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 $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $54 $3,000 $3,000 --
2024 $64 $3,000 $3,000 --
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

    18 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

    23 Total Sales

    Chris Bevard
    Section Image
  • Jim Zachar

    Buyer's Agent in 2021

    Jim Zachar

    Realty87

    (319) 389-0008

    3 in this area

    108 Total Sales

    Jim Zachar
    Section Image
See All Agents

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

Not Listed for Sale

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