NOT LISTED FOR SALE

Estimated Value: $156,000 - $159,890

2 Beds
2 Baths
1,056 Sq Ft
$150/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $140,000 $133 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,097/month

9 Days on Market

About This Home

As of November 2021

This side-by-side duplex is well maintained and shows very well. 1432 is currently rented for $550 a month and is in contract through 4/1/22. 1430 is currently rented for $525 a month and is month to month as has been living there since 4/2016. All utilities are separate, and tenants pay all utilities (water/garbage, gas, and electric). Both units have secured storage in the basement with laundry hook-ups, although no current washer and dryer. Landlord currently mows the property and tenants take care of snow removal. Next city inspection is due on 1/12/24. Landlord pays taxes ($2,200) and insurance ($760 a year). The property had new windows and siding in 2013, new roof in 2015.

Last Listed By

Amanda Haugen

COLDWELL BANKER HEDGES Listed on: 10/22/2021

COLDWELL BANKER HEDGES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,220

Year Built

  • 1953

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 70x106

Home Design

  • 1,056 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Laundry

  • Laundry in unit

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $12,900

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,220

Year Built

1953

Lot Details

0

Listing Details

  • Acres: 0.1700
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2220
  • List User Cell Phone: 319-241-3999
  • Miscellaneous: Basement, Current Inspection, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Ten Storag, Unit Laundry
  • Net Tax: 2220
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.93333
  • Ratio Close Price By Original Li: 0.93333
  • Ratio Current Price By Sq Ft: 132.58
  • Total Sq Ft: 1056
  • Style St: Side/Side
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Gas Heat

Schools

  • Elementary School: Wright
  • Middle School: Harding
  • High School: Washington

Lot Info

  • Lot Size: 70x106

Multi Family

  • Gross Income: 12900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Nov 26, 2021
Sold by
Alderaan Places Llc
Bought by
Need Ivar Daubitz Supplemental
Seller's Agent
Amanda Haugen
COLDWELL BANKER HEDGES
Buyer's Agent
Dana Hansen
RE/MAX CONCEPTS
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Total Days on Market
9
Current Estimated Value
$157,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,945
Avg. Annual Appreciation
3.64%

Purchase Details

Listed on
Apr 5, 2017
Closed on
Jul 13, 2017
Sold by
Terry Timothy F
Bought by
Wrob Llc
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Amanda Haugen
COLDWELL BANKER HEDGES
List Price
$109,950
Sold Price
$104,000
Premium/Discount to List
-$5,950
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Original Mortgage
$83,200
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Apr 5, 2017
Closed on
Jul 7, 2017
Sold by
Wrob Llc
Bought by
Alderaan Places Llc
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Amanda Haugen
COLDWELL BANKER HEDGES
List Price
$109,950
Sold Price
$104,000
Premium/Discount to List
-$5,950
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 11, 2015
Sold by
Terry Timothy F and Rice Gretchen M
Bought by
Terry Timothy F and Terry Family Revocable Trust

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
Need Ivar Daubitz Supplemental $140,000 None Listed On Document
Wrob Llc $104,000 None Available
Alderaan Places Llc -- None Available
Terry Timothy F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alderaan Places Llc $83,200
Previous Owner Terry Timothy F $563,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2021 11/29/21 Sold $140,000 -6.7% $133 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $150,000 +44.2% $142 / Sq Ft
07/14/2017 07/14/17 Sold $104,000 -5.4% $98 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $109,950 -- $104 / 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 $2,666 $135,000 $33,600 $101,400
2022 $2,190 $126,400 $33,600 $92,800
2021 $2,220 $105,700 $28,600 $77,100
2020 $2,066 $100,600 $28,600 $72,000
2019 $2,014 $93,400 $26,900 $66,500
2018 $1,958 $93,400 $26,900 $66,500
2017 $1,958 $91,600 $26,900 $64,700
2016 $1,920 $90,300 $26,900 $63,400
2015 $1,920 $94,851 $36,960 $57,891
2014 $2,018 $93,652 $36,960 $56,692
2013 $1,950 $93,652 $36,960 $56,692
Source: Public Records

Agents Affiliated with this Home

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2107385

Cedar Rapids Area Association of REALTORS®

APN: 14102-29021-00000