$165,000
SOLD NOV 22, 2024
-- Bed
-- Bath
2,286 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$72 Per Sq Ft

11% Below List Price

53 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • 3-minute walk to Riverside Park

About This Home

As of November 2024

Fully leased! Separate meters for electricity and gas. Currently, the owner pays for water. Rents are $650, $650, $560, & $500. Large lot with parking pad for tenants. Coin laundry offers additional income as well. Close to bus stops, parks, and a block for Czech Village. Please allow 48hrs notice for showings.

Last Agent to Sell the Property

Tyler Donahue

Realty87 Listed on: 08/08/2024

Realty87

Last Buyer's Agent

Jeremy Emmert

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,486

Year Built

  • Built in 1890

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,286 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Taylor Elementary School
  • Wilson Middle School
  • Jefferson High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 142845701500000

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $8,098
  • Gross Income $28,620
  • Net Operating Income $20,521

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,486

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.19
  • Co List Office Phone: 319-378-8760
  • MLS Status: Closed
  • Directions: 1st St to C St
  • Year Built: 1890
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Taylor
  • High School: Jefferson
  • Middle Or Junior School: Wilson

Lot Info

  • Lot Dimensions: 8294
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142845701500000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 28620.0
  • Net Operating Income: 20521.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 8098.0
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 2486.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Nov 22, 2024
Sold by
Christenson Properties Llc
Bought by
Zavaleta Ernesto
Seller's Agent
Tyler Donahue
Realty87
Buyer's Agent
Jeremy Emmert
Realty87
List Price
$185,000
Sold Price
$165,000
Premium/Discount to List
-$20,000
-10.81%
Total Days on Market
53
Views
53
Current Estimated Value
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,000
Avg. Annual Appreciation
4.93%
Original Mortgage
$123,750
Outstanding Balance
$123,283
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$46,717

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 29, 2021
Sold by
Auld Phil and Auld Phillip
Bought by
Christenson Properties Llc
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Tyler Donahue
Realty87
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
Original Mortgage
$122,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 18, 2018
Sold by
Wirtanen Danny L
Bought by
Auld Phil
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$84,950
Sold Price
$82,900
Premium/Discount to List
-$2,050
-2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$62,175
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2014
Sold by
Busch Calvin E
Bought by
Ohnward Bank & Trust

Purchase Details

Closed on
Nov 30, 2005
Sold by
United Security Savings Bank Fsb
Bought by
Busch Calvin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.17%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 14, 2004
Sold by
Wheeler Dane M and Wheeler Robin R
Bought by
United Security Savings Bank Fsb

Purchase Details

Closed on
Feb 3, 2000
Sold by
Goettsche Kailon and Goettsche Julie
Bought by
Wheeler Dane M and Wheeler Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,960
Interest Rate
10.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 1999
Sold by
Harris Howard F and Harris Norma F
Bought by
Schulte John C and Schulte Elizabeth A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $165,000 River Ridge Escrow
Warranty Deed $165,000 River Ridge Escrow
Warranty Deed $120,000 None Available
Warranty Deed $82,500 None Available
Warranty Deed -- None Available
Warranty Deed $62,500 --
Sheriffs Deed $55,092 --
Warranty Deed $59,500 --
Warranty Deed $24,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $123,750 New Conventional
Closed $123,750 New Conventional
Previous Owner $122,000 Construction
Previous Owner $62,175 New Conventional
Previous Owner $24,685 Commercial
Previous Owner $43,302 Commercial
Previous Owner $90,000 Seller Take Back
Previous Owner $47,960 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $165,000 -10.8% $72 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $185,000 +54.2% $81 / Sq Ft
09/30/2021 09/30/21 Sold $120,000 -7.7% $52 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $130,000 +56.8% $57 / Sq Ft
04/30/2018 04/30/18 Sold $82,900 -2.4% $36 / Sq Ft
03/30/2018 03/30/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $84,950 -- $37 / 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 $2,486 $122,200 $29,300 $92,900
2022 $2,138 $117,900 $29,300 $88,600
2021 $2,172 $87,600 $26,400 $61,200
2020 $2,172 $82,300 $23,400 $58,900
2019 $2,348 $82,700 $23,400 $59,300
2018 $2,454 $82,700 $23,400 $59,300
2017 $2,454 $68,700 $23,400 $45,300
2016 $2,264 $68,700 $23,400 $45,300
2015 $2,374 $69,082 $23,432 $45,650
2014 $2,374 $70,072 $13,436 $56,636
2013 $2,548 $70,072 $13,436 $56,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2405525

Cedar Rapids Area Association of REALTORS®

APN: 14284-57015-00000