NOT LISTED FOR SALE

1501 1st Ave Marion, IA 52302

1 Bed
1 Bath
8,701 Sq Ft
3.1 Acres

Last Sold July 05, 2023

Last sale price $495,000 $57 Per Sq Ft

4 Days on Market

Highlights

  • 3.1 Acre Lot
  • Marion High School Rated A-
  • Hot Water Heating System

About This Home

As of July 2023

unique Historical property in Marion. As currently configured it has 52 units comprised of One two bedroom, five one-bedrooms , 18 efficiency units, and 28 sleeping rooms. There are 7 community bathrooms serving the sleeping rooms. 1 new boiler in 2019. Minimum 24 hour notice to show. Will show only vacant units prior to accepted offer. Property does need some rehab. Qualified buyers only

Last Agent to Sell the Property

Mike Shaffer

SKOGMAN REALTY COMMERCIAL Listed on: 04/26/2023

SKOGMAN REALTY COMMERCIAL

Co-Listed By

Bob Wilkes

SKOGMAN REALTY COMMERCIAL

Last Buyer's Agent

Curtis Cleveland

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Year Built

  • 1870

Lot Details

  • 3.1

Home Design

  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 8,701 Sq Ft Home
  • Partial Basement

Additional Features

  • 3.1 Acre Lot
  • Hot Water Heating System

Listing and Financial Details

  • The owner pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

1870

Lot Details

3.1 Acres

Listing Details

  • Acres: 3.1000
  • City Name: Marion
  • Expense Info: Owner Provided
  • Gross Tax: 19858
  • Last City Inspection: 2022
  • List User Cell Phone: 319-360-6118
  • Miscellaneous: Common Laundry-Owned, Parking Spaces
  • Net Tax: 19858
  • Noof Units Efficiency: 46
  • Noof Units One Bedroom: 5
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Sq Ft: 56.89
  • Total Sq Ft: 8701
  • Style St: Flat/Apartment, Rooming
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: MR2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1870

Interior Features

  • Basement: Partial

Exterior Features

  • Construction Methods: Masonry Frm
  • Exterior: Brick, Wood

Utilities

  • Heating Cooling: Hot Water Heat

Lot Info

  • Lot Size: 3.1 Acres

Rental Info

  • Owner Pays: Electricity, Gas
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2023 07/05/23 Sold $495,000 0.0% $57 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $495,000 -- $57 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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 $17,452 $568,000 $237,000 $331,000
2024 $17,452 $539,800 $237,000 $302,800
2023 $17,452 $552,100 $248,600 $303,500
2022 $19,858 $784,300 $191,300 $593,000
2021 $19,496 $784,300 $191,300 $593,000
2020 $19,496 $720,700 $191,300 $529,400
2019 $20,642 $672,400 $191,300 $481,100
2018 $20,974 $672,400 $191,300 $481,100
2017 $23,196 $672,400 $191,300 $481,100
2016 $23,196 $672,400 $191,300 $481,100
2015 $22,790 $636,900 $191,300 $445,600
2014 $22,790 $636,900 $191,300 $445,600
2013 $23,698 $636,900 $191,300 $445,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2302641

Cedar Rapids Area Association of REALTORS®
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