NOT LISTED FOR SALE

1409 Bever Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $121,000 - $155,956

5 Beds
3 Baths
2,158 Sq Ft
$64/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $150,000 $70 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $781/month

16 Days on Market

About This Home

As of October 2023

Spacious three plex located in SE Cedar Rapids that is fully occupied and brings in $2,048/mo in rents! This building recently underwent extensive renovations that includes siding, updated flooring in units, paint, lighting, and some updated windows on main floor. Tenants pay gas and electric. Owner pays sewer, water, and trash.
Unit 1 rents for $750/mo. Unit 2 rents for $599/mo. Unit 3 rents for $699/mo.

Last Listed By

Griffin Karr

Midwest Asset Group Listed on: 09/06/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,107

Year Built

  • 1895

Lot Details

  • 4,487 Sq Ft Lot

Home Design

  • 2,158 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Pets Allowed

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,107

Year Built

1895

Lot Details

0

Listing Details

  • Acres: 0.1030
  • City Name: Cedar Rapids
  • Gross Tax: 2107
  • List User Cell Phone: 319-800-1121
  • Miscellaneous: Sep. Meter – Electric, Sep. Meter – Gas
  • Noof Units One Bedroom: 2
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.96774
  • Ratio Close Price By Original Li: 0.96774
  • Ratio Current Price By Sq Ft: 69.51
  • Total Sq Ft: 2158
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1895

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Gas Heat, Hot Water Heat

Schools

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

Lot Info

  • Lot Size: 4480

Rental Info

  • Owner Pays: Water
  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 26, 2023
Sold by
Volgarino Rental Llc
Bought by
Tiger-Hawk Rentals Llc
Seller's Agent
Griffin Karr
Midwest Asset Group
Buyer's Agent
Alexis Kemp
RE/MAX CONCEPTS
List Price
$155,000
Sold Price
$150,000
Premium/Discount to List
-$5,000
-3.23%
Total Days on Market
16
Views
26
Current Estimated Value
$138,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,015
Avg. Annual Appreciation
-4.83%
Original Mortgage
$112,500
Outstanding Balance
$110,916
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$28,069

Purchase Details

Listed on
Jan 8, 2018
Closed on
Jan 27, 2018
Sold by
Terry Timothy F
Bought by
Wrob Llc
Seller's Agent
Victoria Torres
KW Advantage
Buyer's Agent
Ellen Webber
Keller Williams Legacy Group
List Price
$57,950
Sold Price
$49,900
Premium/Discount to List
-$8,050
-13.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.42%
Original Mortgage
$39,920
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage

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
Tiger-Hawk Rentals Llc $150,000 None Listed On Document
Wrob Llc $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiger-Hawk Rentals Llc $112,500
Previous Owner Volgarino Rental Llc $90,000
Previous Owner Wrob Llc $39,920
Previous Owner Terry Timothy F $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $150,000 -3.2% $70 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $155,000 +72.2% $72 / Sq Ft
12/02/2022 12/02/22 Sold $90,000 -9.9% $30 / Sq Ft
10/27/2022 10/27/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $99,900 +100.2% $33 / Sq Ft
02/28/2018 02/28/18 Sold $49,900 -13.9% $23 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
01/08/2018 01/08/18 For Sale $57,950 -- $27 / 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 $119 $99,900 $15,200 $84,700
2022 $125 $62,400 $15,200 $47,200
2021 $1,492 $60,000 $12,800 $47,200
2020 $168 $56,500 $12,800 $43,700
2019 $1,641 $27,800 $11,200 $16,600
2018 $824 $27,800 $11,200 $16,600
2017 $1,024 $31,100 $11,200 $19,900
2016 $1,024 $31,100 $11,200 $19,900
2015 $1,926 $56,043 $11,200 $44,843
2014 $1,926 $49,647 $6,309 $43,338
2013 $1,806 $49,647 $6,309 $43,338
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2023

    Griffin Karr

    Midwest Asset Group

    (319) 800-1121

    3 in this area

    4 Total Sales

    Griffin Karr
    Section Image

  • A

    Buyer's Agent in 2023

    Alexis Kemp

    RE/MAX

    (319) 795-5394

    2 in this area

    233 Total Sales

    Alexis Kemp
    Section Image

  • A

    Seller's Agent in 2022

    Aaron Webber

    Keller Williams Legacy Group

    (319) 560-0169

    4 in this area

    78 Total Sales

    Aaron Webber
    Section Image

  • E

    Seller Co-Listing Agent in 2022

    Ellen Webber

    Keller Williams Legacy Group

  • Z Maryland

    Buyer's Agent in 2022

    Z Maryland

    Pinnacle Realty LLC

    (319) 431-0382

    7 in this area

    89 Total Sales

    Z Maryland
    Section Image
  • Victoria Torres

    Seller's Agent in 2018

    Victoria Torres

    KW Advantage

    (319) 440-4086

    10 in this area

    147 Total Sales

    Victoria Torres
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2305837

Cedar Rapids Area Association of REALTORS®

APN: 14223-02011-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1409 Bever Ave SE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 1409 Bever Ave SE, Cedar Rapids, IA 52403 since 06 September 2023 and is currently estimated at $138,985, approximately $64 per square foot. This property was built in 1895. 1409 Bever Ave SE is a home located in Linn County with nearby schools including Johnson 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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