$20,500
SOLD JUN 10, 2016

1505 5th Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood
3 Beds
1 Bath
1,344 Sq Ft
1900 Built

Recently Sold

$15 Per Sq Ft

49% Below List Price

155 Days on Market

Highlights

  • L-Shaped Dining Room
  • Forced Air Cooling System
  • 5-minute walk to Wellington Park

About This Home

As of May 2017

Great opportunity for investors. Section 8 approved and has been bringing in 800.00 per month for the last 7 years. Solid home with very good bones.

Last Agent to Sell the Property

Tracy Whitford

Epique Realty Listed on: 12/03/2015

Epique Realty

Last Buyer's Agent

Saige Turner

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Year Built

  • 1900

Lot Details

  • Lot Dimensions are 30 x 30

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,344 Sq Ft Home
  • 2-Story Property
  • L-Shaped Dining Room
  • Formal Dining Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Year Built

1900

Lot Details

0

Listing Details

  • Style: 2 Stories
  • Above Grade Finished Sq Ft: 1344
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Dining 'L', Formal Dining
  • Gross Tax: 974
  • List User Cell Phone: 319-929-6547
  • Net Tax: 974
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.51250
  • Ratio Close Price By Original Li: 0.51250
  • Ratio Current Price By Sq Ft: 15.25
  • Total Sq Ft: 1344
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Appliances Included: Range, Refrigerator, Water Heater – Gas
  • Basement: Block, Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Bedrooms Level 2: 3
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 2

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: 30 X 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2017
Closed on
May 15, 2017
Sold by
Talon Enterprises Llc
Bought by
Beck Cassandra H
Seller's Agent
Saige Turner
Pinnacle Realty LLC
Buyer's Agent
Tony El-Orm
RE/MAX CONCEPTS
List Price
$59,950
Sold Price
$50,000
Premium/Discount to List
-$9,950
-16.6%
Current Estimated Value
$95,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,510
Avg. Annual Appreciation
8.18%
Original Mortgage
$40,000
Outstanding Balance
$33,483
Interest Rate
3.9%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$62,027

Purchase Details

Listed on
Dec 3, 2015
Closed on
Jun 2, 2016
Sold by
Beckley Donald J and Beckley Zenobia M
Bought by
Talon Enterprises Llc
Seller's Agent
Tracy Whitford
Epique Realty
Buyer's Agent
Saige Turner
SKOGMAN REALTY
List Price
$40,000
Sold Price
$20,500
Premium/Discount to List
-$19,500
-48.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
160.83%

Purchase Details

Closed on
Jan 15, 2008
Sold by
Viktora Larry L
Bought by
Beckley Donald J and Beckley Zenobia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,261
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $40,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $40,000 Adjustable Rate Mortgage/ARM
Previous Owner $39,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $39,000 Unknown
Previous Owner $32,915 Unknown
Previous Owner $36,261 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2017 05/15/17 Sold $50,000 -16.6% $37 / Sq Ft
04/08/2017 04/08/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $59,950 +192.4% $45 / Sq Ft
06/10/2016 06/10/16 Sold $20,500 -48.8% $15 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
12/03/2015 12/03/15 For Sale $40,000 -- $30 / 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 $1,212 $71,500 $10,000 $61,500
2022 $1,038 $66,300 $10,000 $56,300
2021 $1,054 $59,100 $8,400 $50,700
2020 $1,054 $56,400 $8,400 $48,000
2019 $992 $54,500 $7,400 $47,100
2018 $690 $54,500 $7,400 $47,100
2017 $866 $40,700 $7,400 $33,300
2016 $866 $40,700 $7,400 $33,300
2015 $866 $45,754 $7,350 $38,404
2014 $974 $45,754 $7,350 $38,404
2013 $988 $45,754 $7,350 $38,404
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Saige Turner

    Pinnacle Realty LLC

  • T

    Buyer's Agent in 2017

    Tony El-Orm

    RE/MAX

    Section Image

  • T

    Seller's Agent in 2016

    Tracy Whitford

    Epique Realty

    (319) 929-6547

    94 Total Sales

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1591897

Cedar Rapids Area Association of REALTORS®

APN: 14223-05016-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1505 5th Ave SE, Cedar Rapids, IA

This home is located at 1505 5th Ave SE, Cedar Rapids, IA 52403 and is currently priced at $20,500, approximately $15 per square foot. This property was built in 1900. 1505 5th 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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