NOT LISTED FOR SALE

1515 2nd Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $86,000 - $109,000

2 Beds
2 Baths
1,700 Sq Ft
$57/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $21,000 $12 Per Sq Ft

Est. 364% increase in value since last sale

Current estimated payment $601/month

About This Home

As of February 2014

This home is located at 1515 2nd Ave SE, Cedar Rapids, IA 52403 since 05 February 2014 and is currently estimated at $97,500, approximately $57 per square foot. This property was built in 1906. 1515 2nd Ave SE is a home located in Linn County with nearby schools including Johnson STEAM Academy, McKinley STEAM Academy, and George Washington High School.

Last Agent to Sell the Property

Michelle David

Pinnacle Realty LLC Listed on: 02/05/2014

Pinnacle Realty LLC

Last Buyer's Agent

Michelle David

Pinnacle Realty LLC Listed on: 02/05/2014

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1906

Parking

  • 2 Car Garage

Home Design

  • 1,700 Sq Ft Home
  • Frame Construction

Additional Features

  • Lot Dimensions are 30 x 140
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, water

Property Details

Home Type

Multi-Family

Year Built

1906

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 1056
  • List User Cell Phone: 319-533-0021
  • Miscellaneous: Garage
  • Net Tax: 1056
  • Noof Units One Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.84000
  • Ratio Close Price By Original Li: 0.84000
  • Ratio Current Price By Sq Ft: 12.35
  • Total Sq Ft: 1700
  • Tax Roll Number: 142227901300000
  • Tenants Responsibilities Include: Electricity, Gas, Water
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1906

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Cooling: Gas Heat

Lot Info

  • Lot Size: 30 X 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 24, 2015
Sold by
Fount Llc
Bought by
Adb Investments Llc
Current Estimated Value
$97,500

Purchase Details

Listed on
Feb 5, 2014
Closed on
Feb 28, 2014
Sold by
Dietman Bryan D and Dietman Eileen A
Bought by
Fount Llc
Seller's Agent
Michelle David
Pinnacle Realty LLC
Buyer's Agent
Michelle David
Pinnacle Realty LLC
List Price
$25,000
Sold Price
$21,000
Premium/Discount to List
-$4,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.98%

Purchase Details

Closed on
Aug 5, 2005
Sold by
Dietman Bryan and Dietman Eileen
Bought by
Klostermann Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,350
Interest Rate
8.5%
Mortgage Type
Seller Take Back
Source: Public Records

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
Adb Investments Llc -- None Available
Fount Llc $21,000 None Available
Klostermann Robert J $63,350 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klostermann Robert J $63,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $21,000 -16.0% $12 / Sq Ft
02/05/2014 02/05/14 Pending -- -- --
02/05/2014 02/05/14 For Sale $25,000 -- $15 / 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
2025 $1,042 $71,000 $18,800 $52,200
2024 $66 $66,400 $16,500 $49,900
2023 $66 $58,900 $14,300 $44,600
2022 $46 $53,000 $14,300 $38,700
2021 $1,004 $46,800 $12,000 $34,800
2020 $930 $45,500 $12,000 $33,500
2019 $934 $43,300 $10,500 $32,800
2018 $1,505 $43,300 $10,500 $32,800
2017 $962 $44,200 $10,500 $33,700
2016 $940 $44,200 $10,500 $33,700
2015 $940 $48,150 $10,500 $37,650
2014 $1,024 $48,150 $10,500 $37,650
2013 $1,002 $48,150 $10,500 $37,650
Source: Public Records

Agents Affiliated with this Home

  • Michelle David

    Seller's Agent in 2014

    Michelle David

    Pinnacle Realty LLC

    (319) 533-0021

    6 in this area

    140 Total Sales

    Michelle David
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1400730

Cedar Rapids Area Association of REALTORS®

APN: 14222-79013-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1515 2nd Ave SE, Cedar Rapids, IA

Not Listed for Sale

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