NOT LISTED FOR SALE

1528 5th Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $85,000 - $109,376

2 Beds
1 Bath
816 Sq Ft
$123/Sq Ft Est. Value

Last Sold February 24, 2016

Last sale price $14,000 $17 Per Sq Ft

Est. 619% increase in value since last sale

Current estimated payment $656/month

62 Days on Market

About This Home

As of February 2016

This property is perfect for an investor. The home is waiting to be restored to it's full potential. A large living room and great layout will make this home perfect for a small family once finished. This is a homepath property. All offers are submitted on homepath.com. See homepath for owner occ period. Addendum must be completed before uploading to homepath. Don’t miss 10(f) on addendum. Agents – View the Agent Remarks section for showing instructions.

Last Agent to Sell the Property

KATHY EIGHME

FUSION REALTORS Listed on: 11/23/2015

Last Buyer's Agent

Ryan Eighme

Pinnacle Realty LLC

Pinnacle Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • 1924

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 35 x 140

Home Design

  • Ranch Style House
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 816 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Year Built

1924

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.1100
  • Above Grade Finished Sq Ft: 816
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Gross Tax: 871
  • List User Cell Phone: 319-231-6980
  • Net Tax: 872
  • Other: Repo
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.82840
  • Ratio Close Price By Original Li: 0.74074
  • Ratio Current Price By Sq Ft: 17.16
  • Total Sq Ft: 816
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1924

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Bedrooms Level 1: 2
  • Level 1 Full Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Room Count: 5

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Lot Info

  • Lot Size: 35 X 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2019
Sold by
Leach Gerald and Leach Montine
Bought by
Arrell Investments Llc
Current Estimated Value
$100,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Outstanding Balance
$30,662
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$69,932

Purchase Details

Closed on
Sep 14, 2015
Sold by
Ditech Financial Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 17, 2014
Sold by
Degroot Jason M and Degroot Kelly D
Bought by
Green Tree Servicing Llc

Purchase Details

Closed on
Sep 14, 2014
Sold by
Green Tree Servicing Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 10, 2011
Sold by
Schneider Leo D and Schneider Andrea S
Bought by
Degroot Jason M and Degroot Kelly D

Purchase Details

Closed on
Aug 28, 2011
Sold by
Degroot Jason M and Degroot Kelly D
Bought by
Schneider Leo D and Schneider Andrea S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,750
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 28, 2002
Sold by
Faches Mary M
Bought by
Degroot Jason M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,900
Interest Rate
6.93%
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
Arrell Investments Llc -- None Available
Federal National Mortgage Association -- None Available
Green Tree Servicing Llc -- None Available
Federal National Mortgage Association -- None Available
Degroot Jason M -- None Available
Schneider Leo D $38,000 None Available
Degroot Jason M $40,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arrell Investments Llc $35,000
Previous Owner Schneider Leo D $37,750
Previous Owner Degroot Jason M $36,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2016 02/24/16 Sold $14,000 -25.9% $17 / Sq Ft
01/24/2016 01/24/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $18,900 -- $23 / 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 $1,506 $97,400 $21,900 $75,500
2024 $1,640 $88,900 $19,300 $69,600
2023 $1,640 $85,100 $16,600 $68,500
2022 $1,432 $77,800 $16,600 $61,200
2021 $708 $69,100 $14,000 $55,100
2020 $708 $32,100 $14,000 $18,100
2019 $1,226 $34,800 $12,300 $22,500
2018 $730 $34,800 $12,300 $22,500
2017 $730 $39,400 $12,300 $27,100
2016 $838 $39,400 $12,300 $27,100
2015 $890 $41,849 $12,250 $29,599
2014 $890 $41,849 $12,250 $29,599
2013 $872 $41,849 $12,250 $29,599
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    KATHY EIGHME

    FUSION REALTORS

    Section Image
  • Ryan Eighme

    Buyer's Agent in 2016

    Ryan Eighme

    Pinnacle Realty LLC

    (319) 721-6099

    10 in this area

    131 Total Sales

    Ryan Eighme
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1591701

Cedar Rapids Area Association of REALTORS®

APN: 14223-03029-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1528 5th Ave SE, Cedar Rapids, IA

Not Listed for Sale

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