$81,000
SOLD FEB 27, 2017

1360 I Ave NE Cedar Rapids, IA 52402

-- Bed
-- Bath
1,666 Sq Ft
1920 Built

Recently Sold

$49 Per Sq Ft

7% Below List Price

14 Days on Market

About This Home

As of March 2023

This upper & lower duplex features 2- 2 bedroom units, on a quite street, the hardwood floors stand out on the lower unit, while the upper boasts new carpet. Newer appliances in both the units as well. The separate utilities makes for easy management for each tenant, owner pays water. Newer roof also completes the major upgrade to the property, as the mechanicals are also newer.

Last Agent to Sell the Property

Steve Seltrecht

SKOGMAN REALTY Listed on: 01/12/2017

SKOGMAN REALTY

Last Buyer's Agent

Stefan Doerrfeld

Twenty40 Real Estate + Development

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,451

Year Built

  • 1920

Lot Details

  • Lot Dimensions are 40 x 122

Home Design

  • 1,666 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,451

Year Built

1920

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 1451
  • List User Cell Phone: 319-521-2137
  • Miscellaneous: Sep. Meter – Electric, Sep. Meter – Gas
  • Net Tax: 1451
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.93103
  • Ratio Close Price By Original Li: 0.93103
  • Ratio Current Price By Sq Ft: 48.62
  • Total Sq Ft: 1666
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Stone, Vinyl

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

  • Elementary School: Garfield
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: 40 X 122

Rental Info

  • Owner Pays: Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2017
Closed on
Feb 21, 2017
Sold by
Avenue Rental Llc
Bought by
Co3 Investments Llc
Seller's Agent
Steve Seltrecht
SKOGMAN REALTY
Buyer's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
List Price
$87,000
Sold Price
$81,000
Premium/Discount to List
-$6,000
-6.9%
Current Estimated Value
$121,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,642
Avg. Annual Appreciation
4.95%

Purchase Details

Closed on
Mar 10, 2014
Sold by
Henderson Timothy R
Bought by
1 Avenue Rental Llc

Purchase Details

Closed on
Jan 29, 2013
Sold by
Estate Of Alice R Richardson
Bought by
Henderson Timothy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2003
Sold by
Richardson Alice
Bought by
Henderson Timothy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
5.97%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed -- None Available
Special Warranty Deed -- None Available
Legal Action Court Order $78,000 None Available
Contract Of Sale $78,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $84,400 New Conventional
Previous Owner $61,000 New Conventional
Previous Owner $73,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $105,500 -15.6% $63 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/17/2023 01/17/23 For Sale $125,000 +18.5% $75 / Sq Ft
01/15/2023 01/15/23 Off Market $105,500 -- --
10/03/2022 10/03/22 For Sale $125,000 +54.3% $75 / Sq Ft
02/27/2017 02/27/17 Sold $81,000 -6.9% $49 / Sq Ft
01/26/2017 01/26/17 Pending -- -- --
01/12/2017 01/12/17 For Sale $87,000 -- $52 / 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 $2,444 $123,300 $17,300 $106,000
2022 $2,174 $115,900 $16,300 $99,600
2021 $2,334 $104,900 $13,400 $91,500
2020 $2,334 $105,800 $13,400 $92,400
2019 $2,387 $98,300 $13,400 $84,900
2018 $1,966 $98,300 $13,400 $84,900
2017 $1,488 $68,300 $13,400 $54,900
2016 $1,580 $74,300 $13,400 $60,900
2015 $1,692 $79,562 $15,360 $64,202
2014 $1,692 $90,096 $15,680 $74,416
2013 $1,876 $90,096 $15,680 $74,416
Source: Public Records

Agents Affiliated with this Home

  • Charlie Randell

    Seller's Agent in 2023

    Charlie Randell

    Realty87

    (319) 316-3346

    24 Total Sales

    Charlie Randell
    Section Image
  • James McClain II

    Seller Co-Listing Agent in 2023

    James McClain II

    Realty87

    (319) 961-8373

    55 Total Sales

    James McClain II
    Section Image
  • Nate Holler

    Buyer's Agent in 2023

    Nate Holler

    INTREPID REAL ESTATE

    (319) 423-9596

    129 Total Sales

    Nate Holler
    Section Image

  • S

    Seller's Agent in 2017

    Steve Seltrecht

    SKOGMAN REALTY

    (319) 521-2137

    22 Total Sales

    Steve Seltrecht
    Section Image

  • S

    Buyer's Agent in 2017

    Stefan Doerrfeld

    Twenty40 Real Estate + Development

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1700326

Cedar Rapids Area Association of REALTORS®

APN: 14164-02018-00000

Iowa Linn County Cedar Rapids 52402

1360 I Ave NE, Cedar Rapids, IA

This home is located at 1360 I Ave NE, Cedar Rapids, IA 52402 and is currently priced at $81,000, approximately $48 per square foot. This property was built in 1920. 1360 I Ave NE is a home located in Linn County with nearby schools including Garfield Elementary School, Franklin Middle School, 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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