NOT LISTED FOR SALE

1409 Washington St Unit A & B Cedar Falls, IA 50613

Estimated Value: $211,000 - $242,000

5 Beds
2 Baths
1,300 Sq Ft
$174/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $195,000 $150 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,455/month

96 Days on Market

About This Home

As of October 2023

This is a great investment opportunity! You will love this well kept duplex that is currently rented through April, 2024. The main floor unit is very spacious with 3 bedrooms, 1 bath. The second floor unit has a large living space, 2 bedrooms and a full bathroom. Washer and dryer for each unit in lower level. The exterior has great curb appeal and offers stairs in the back for the upper level. The 3 bedroom is rented for $1235 per month and the two bedroom is $830 per month. Schedule your showing today-Tenants require 24 Hour notice and no showings after 8:00PM.

Last Agent to Sell the Property

Amy Wienands

AWRE, EXP Realty, LLC License #B34553 Listed on: 06/19/2023

AWRE, EXP Realty, LLC

Co-Listed By

Amber Schuchmann

AWRE, EXP Realty, LLC License #S60690

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,114

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Laundry on lower level

Parking

  • 5 Open Parking Spaces
  • No Garage
  • Parking Available
  • Paved Parking

Schools

  • Lincoln Elementary Waterloo
  • Holmes Junior High
  • Cedar Falls High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, snow removal, trash collection, water
  • Assessor Parcel Number 891413136005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,114

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Parcel Number: 891413136005
  • Year Built: 1900
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • ResoLotFeatures: Multiple Houses
  • Road Frontage Type: Hard Surface Road
  • Co List Office Mls Id: NBR197
  • Co List Office Phone: 319-269-2477
  • Co List Office Phone: 319-269-2477
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1300
  • Architectural Style: Two Story, Duplex
  • Reso Roof: Asphalt
  • ImprovementRating: Updated
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Below Grade Sq Ft: 1300

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 5
  • Parking Features: Parking Area, Paved, None

Utilities

  • Cooling: Window Unit(s)
  • Heating: Steam
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Gas Individual Meters, Water - Multiple Meters
  • Water Source: City

Schools

  • Elementary School: Lincoln Elementary Waterloo
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Snow Removal, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Oct 27, 2023
Sold by
B & B Home Rentals Llc
Bought by
Full Throttle Investments Llc
Seller's Agent
Amy Wienands
AWRE, EXP Realty, LLC
List Price
$219,900
Sold Price
$195,000
Premium/Discount to List
-$24,900
-11.32%
Views
188
Current Estimated Value
$226,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,042
Avg. Annual Appreciation
7.40%
Original Mortgage
$156,000
Outstanding Balance
$152,973
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$73,069
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Full Throttle Investments Llc $195,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Full Throttle Investments Llc $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2023 10/31/23 Sold $195,000 -7.1% $150 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/11/2023 09/11/23 Price Changed $209,900 -4.5% $161 / Sq Ft
08/28/2023 08/28/23 For Sale $219,900 0.0% $169 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
08/14/2023 08/14/23 Price Changed $219,900 -4.3% $169 / Sq Ft
07/17/2023 07/17/23 Price Changed $229,900 -4.2% $177 / Sq Ft
06/19/2023 06/19/23 For Sale $239,900 -- $185 / Sq Ft
Source: Northeast Iowa Regional Board 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 $3,134 $221,230 $45,280 $175,950
2024 $3,134 $194,800 $29,110 $165,690
2023 $3,114 $194,800 $29,110 $165,690
2022 $3,152 $168,680 $29,110 $139,570
2021 $2,990 $168,680 $29,110 $139,570
2020 $2,932 $160,590 $21,020 $139,570
2019 $2,932 $160,590 $21,020 $139,570
2018 $2,650 $143,440 $21,020 $122,420
2017 $2,650 $143,440 $21,020 $122,420
2016 $2,534 $143,440 $21,020 $122,420
2015 $2,534 $143,440 $21,020 $122,420
2014 $2,278 $127,470 $21,020 $106,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20232447

Northeast Iowa Regional Board of REALTORS®

APN: 8914-13-136-005