1524 W 5th St Unit 1524 1/2 Waterloo, IA 50702
Church Row Neighborhood
--
Bed
--
Bath
981
Sq Ft
4,240
Sq Ft Lot
About This Home
As of April 2024A rare opportunity to own a duplex in a prime location in Waterloo. Both units are spacious and have functional layouts, each featuring 2 bedrooms and 1 bath, a living room, dining room and kitchen, as well as separate entrances. This house boasts many updates including newer roof on house and garage, low maintenance vinyl siding, some new flooring, light fixtures, some electrical updates and various cosmetic touches. Laundry facilities are shared and are available to each unit in the basement. All appliances included. There is ample amount of street parking plus a detached double garage in the rear. Could easily be converted to single family residence with an interior staircase connecting both units. Close to schools, shopping and easy access to major highways. Don't miss your opportunity on this cash flowing investment property. Currently rented for $700 up and $675 down but has potential for MUCH MORE! Both units have their own furnace & AC unit, utilities are individualized per unit and paid by the tenants. Seller pays for water/sewer/garbage. A must see!
Last Agent to Sell the Property
RE/MAX Alliance License #B44491000 Listed on: 03/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,816
Year Built
- Built in 1915
Lot Details
- 4,240 Sq Ft Lot
- Lot Dimensions are 40x106
Home Design
- 981 Sq Ft Home
- Duplex
- Asphalt Roof
- Vinyl Siding
Parking
- Garage
- 2 Open Parking Spaces
- On-Street Parking
Schools
- Irving Elementary School
- Central Middle School
- West High School
Additional Features
- Laundry on lower level
- Central Air
- Partially Finished Basement
Community Details
- 2 Units
- Water Sewer Expense $100
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 891326358014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2024
Closed on
Apr 15, 2024
Sold by
Meyers Ryan Carl and Spilman Macey Kay
Bought by
Rising Real Estate
Seller's Agent
Kara Bartels
RE/MAX Alliance
List Price
$124,900
Sold Price
$117,500
Premium/Discount to List
-$7,400
-5.92%
Views
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,157
Avg. Annual Appreciation
-1.71%
Purchase Details
Closed on
Feb 3, 2023
Sold by
Winters Robert M
Bought by
Meyers Ryan C and Spilman Macey K
Purchase Details
Listed on
Sep 28, 2021
Closed on
Nov 9, 2021
Sold by
Ristau Arlyn E and Ristau Karen M
Bought by
Meyers Ryan Carl and Spilman Macey Kay
Seller's Agent
Kara Bartels
RE/MAX Alliance
List Price
$84,900
Sold Price
$78,000
Premium/Discount to List
-$6,900
-8.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$0
Interest Rate
3.01%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 14, 2005
Sold by
Toromanovic Salih and Toromanovic Zehira
Bought by
Ristau Arlyn E and Ristau Karen M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.69%
Mortgage Type
New Conventional
Similar Home in Waterloo, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $117,500 | None Listed On Document | |
| Fiduciary Deed | $161,000 | -- | |
| Warranty Deed | $78,000 | None Available | |
| Warranty Deed | -- | None Listed On Document | |
| Joint Tenancy Deed | $102,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $0 | New Conventional | |
| Previous Owner | $62,400 | Purchase Money Mortgage | |
| Previous Owner | $80,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2024 04/15/24 | Sold | $117,500 | -5.9% | $120 / Sq Ft |
| 03/17/2024 03/17/24 | Pending | -- | -- | -- |
| 03/13/2024 03/13/24 | For Sale | $124,900 | +60.1% | $127 / Sq Ft |
| 11/09/2021 11/09/21 | Sold | $78,000 | -8.1% | $80 / Sq Ft |
| 09/29/2021 09/29/21 | Pending | -- | -- | -- |
| 09/28/2021 09/28/21 | For Sale | $84,900 | -- | $87 / Sq Ft |
Source: Northeast Iowa Regional Board of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,070 | $103,570 | $8,100 | $95,470 |
| 2023 | $1,816 | $103,570 | $8,100 | $95,470 |
| 2022 | $1,762 | $82,670 | $8,100 | $74,570 |
| 2021 | $1,746 | $82,400 | $8,100 | $74,300 |
| 2020 | $1,718 | $77,090 | $8,100 | $68,990 |
| 2019 | $1,718 | $77,090 | $8,100 | $68,990 |
| 2018 | $1,718 | $77,090 | $8,100 | $68,990 |
| 2017 | $1,774 | $77,090 | $8,100 | $68,990 |
| 2016 | $1,754 | $77,280 | $8,100 | $69,180 |
| 2015 | $1,754 | $77,280 | $8,100 | $69,180 |
| 2014 | $1,664 | $71,960 | $8,100 | $63,860 |
Source: Public Records
Agents Affiliated with this Home
-
Kara Bartels
Seller's Agent in 2024
Kara Bartels
RE/MAX
(319) 939-1611
3 in this area
79 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20240953
APN: 8913-26-358-014
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