NOT LISTED FOR SALE

Estimated Value: $125,000 - $149,000

3 Beds
2 Baths
1,408 Sq Ft
$99/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $123,000 $87 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $960/month

47 Days on Market

Highlights

  • Living Room
  • Forced Air Heating and Cooling System
  • 2-minute walk to Cedar Rapids Parks & Rec Department
  • John F. Kennedy High School Rated A-
  • Dining Room

About This Home

As of November 2021

Income Investment! 08' updated 2 unit duplex investment property that is in great condition. Both units offer 2 beds, 1 bath and have updated hard surface floors, bath, newer windows, basement has been spray foamed for added installation. Common area has 2 seperate laundry and storage rooms for each unit. Large lot that offers plenty of room for a large 2 stall garage. Each unit has separate meters/furnace/electric water heaters (tenants pay all utilities). This is a definite must show!

Last Agent to Sell the Property

Bonnie Tiernan

Coldwell Banker Hedges Corridor Listed on: 09/09/2021

Coldwell Banker Hedges Corridor

Co-Listed By

Nonmember NONMEMBER

NONMEMBER

Last Buyer's Agent

Nonmember NONMEMBER

NONMEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,240

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 50x128

Home Design

  • Frame Construction

Interior Spaces

  • 1,408 Sq Ft Home
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Schools

  • Harrison Elementary School
  • Roosevelt Middle School
  • Kennedy High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Community Details

  • 2 Units
  • Gross Income $15,300

Listing and Financial Details

  • Assessor Parcel Number 2106264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,240

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Income Investment! 08' updated 2 unit duplex investment property that is in great condition. Both units offer 2 beds, 1 bath and have updated hard surface floors, bath, newer windows, basement has been spray foamed for added installation. Common area has 2 seperate laundry and storage rooms for each unit. Large lot that offers plenty of room for a large 2 stall garage. Each unit has separate meters/furnace/electric water heaters (tenants pay all utilities). This is a definite must show!
  • Year Built: 1946
  • Tax Year Report: 2021
  • Rental Permit: Yes
  • Directions: Ellis Blvd, west on M ave, S on 10th St
  • L O1 Dues Paid: y
  • Amenities: Street Lights
  • Basement Remarks: Full
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 1408

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: None

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Gas, Central, Forced Air

Schools

  • Elementary School: Harrison
  • Middle School: Roosevelt
  • High School: Kennedy
  • High School: Kennedy
  • Jr Middle School: Roosevelt
  • Elementary School: Harrison

Lot Info

  • Lot Dimensions: 50x128

Tax Info

  • Gross Tax County City: 2164
  • Assessor Parcel Number: 2106264

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 28, 2021
Sold by
Lamp Devon
Bought by
Chadima Tyler J
Seller's Agent
Bonnie Tiernan
Coldwell Banker Hedges Corridor
Buyer's Agent
Nonmember NONMEMBER
NONMEMBER
List Price
$129,000
Sold Price
$123,000
Premium/Discount to List
-$6,000
-4.65%
Current Estimated Value
$138,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,711
Avg. Annual Appreciation
3.32%
Original Mortgage
$92,250
Outstanding Balance
$85,435
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$53,049

Purchase Details

Listed on
Nov 8, 2019
Closed on
Feb 20, 2020
Sold by
T & S Property Management Llc
Bought by
Lamp Devon
Seller's Agent
Bonnie Tiernan
Coldwell Banker Hedges Corridor
Buyer's Agent
Nonmember NONMEMBER
NONMEMBER
List Price
$90,000
Sold Price
$82,600
Premium/Discount to List
-$7,400
-8.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.39%
Original Mortgage
$61,850
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2013
Closed on
Feb 27, 2014
Sold by
Carson Herbert M and Carson Debra S
Bought by
T & S Property Management Llc
Seller's Agent
Judith Sloane
SKOGMAN REALTY
Buyer's Agent
John Thompson
KOPEL REALTORS and CONSULTANTS
List Price
$94,500
Sold Price
$84,500
Premium/Discount to List
-$10,000
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.38%
Original Mortgage
$71,825
Interest Rate
4.35%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 4, 2013
Closed on
Feb 14, 2014
Sold by
Estate Of Virgie J Kurth
Bought by
Carson Herbert Michael and Carson Debra S
Seller's Agent
Judith Sloane
SKOGMAN REALTY
Buyer's Agent
John Thompson
KOPEL REALTORS and CONSULTANTS
List Price
$94,500
Sold Price
$84,500
Premium/Discount to List
-$10,000
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,825
Interest Rate
4.35%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Chadima Tyler J $123,000 None Available
Lamp Devon $83,000 None Available
T & S Property Management Llc $84,500 None Available
Carson Herbert Michael $22,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chadima Tyler J $92,250
Previous Owner Lamp Devon $61,850
Previous Owner T & S Property Management Llc $71,825
Previous Owner Carson Herbert M $10,097
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $123,000 -4.7% $87 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $129,000 +56.2% $92 / Sq Ft
02/20/2020 02/20/20 Sold $82,600 -2.8% $59 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
12/30/2019 12/30/19 Price Changed $85,000 -5.6% $60 / Sq Ft
11/08/2019 11/08/19 For Sale $90,000 +6.5% $64 / Sq Ft
02/28/2014 02/28/14 Sold $84,500 -10.6% $60 / Sq Ft
12/06/2013 12/06/13 Pending -- -- --
06/04/2013 06/04/13 For Sale $94,500 -- $67 / Sq Ft
Source: Iowa City 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 $2,240 $132,300 $24,800 $107,500
2022 $2,032 $106,200 $24,800 $81,400
2021 $2,082 $98,100 $22,300 $75,800
2020 $2,082 $94,400 $22,300 $72,100
2019 $1,912 $88,700 $19,800 $68,900
2018 $1,894 $88,700 $19,800 $68,900
2017 $1,742 $84,100 $19,800 $64,300
2016 $1,742 $82,000 $19,800 $62,200
2015 $1,424 $66,941 $19,800 $47,141
2014 $1,424 $66,941 $19,800 $47,141
2013 $1,394 $66,941 $19,800 $47,141
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202105096

Iowa City Area Association of REALTORS®

APN: 14201-58016-00000