NOT LISTED FOR SALE

1532 5th Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $145,000 - $162,000

4 Beds
4 Baths
2,018 Sq Ft
$77/Sq Ft Est. Value

Last Sold August 10, 2023

Last sale price $149,900 $74 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $979/month

2 Days on Market

About This Home

As of August 2023

Perfect investment opportunity for an investor who's just starting out or looking to add to their portfolio. This property is fully occupied and consists of four, 1 bedroom apartments, a 3 stall garage, and coin operated washer and dryer that's owned. Owner pays gas and water/sewer while the resident's pay electricity. Each unit has been updated within the last 5 years. The property passed the city inspection in June, 2023.

Last Agent to Sell the Property

Justin Sloan

Pinnacle Realty LLC Listed on: 07/06/2023

Pinnacle Realty LLC

Last Buyer's Agent

Mike Selling Team

GRAF REAL ESTATE, ERA POWERED

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,974

Year Built

  • 1914

Lot Details

  • 7,013 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Parking

  • 3 Car Garage

Home Design

  • Frame Construction

Interior Spaces

  • 2,018 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $28,275
  • Net Operating Income $17,412

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,974

Year Built

1914

Lot Details

0

Listing Details

  • Acres: 0.1610
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 1974
  • List User Cell Phone: 319-521-0101
  • Miscellaneous: Common Laundry-Owned, Garage, Sep. Meter – Electric
  • Net Tax: 1974
  • Noof Units One Bedroom: 4
  • Property Sub Types: 1-4 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: 74.28
  • Total Sq Ft: 2018
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1914

Interior Features

  • Basement: Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Cooling: Gas Heat

Schools

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

Lot Info

  • Lot Size: 50 x 140

Rental Info

  • Owner Pays: Water, Gas
  • Total Expenses: 10864

Multi Family

  • Gross Income: 28275
  • Net Operating Income: 17412.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Aug 7, 2023
Sold by
Wingshooter Properties Llc
Bought by
Clingan-Siverly Michael
Seller's Agent
Justin Sloan
Pinnacle Realty LLC
Buyer's Agent
Mike Selling Team
GRAF REAL ESTATE, ERA POWERED
List Price
$149,900
Sold Price
$149,900
Views
33
Current Estimated Value
$156,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,334
Avg. Annual Appreciation
1.90%
Original Mortgage
$112,425
Outstanding Balance
$109,815
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$46,419

Purchase Details

Closed on
Nov 25, 2019
Sold by
Phillips Zackary and Phillips Sabrina
Bought by
Wingshooter Properties Llc

Purchase Details

Listed on
Oct 24, 2017
Closed on
Mar 15, 2018
Sold by
Scollon Sandra Jo and Hoben Sheryl Christine
Bought by
Phillips Zackary and Phillips Sabrina
Seller's Agent
Steven C Peterson
RE/MAX CONCEPTS
Buyer's Agent
Tim Sebetka
Realty87
List Price
$85,000
Sold Price
$82,000
Premium/Discount to List
-$3,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%
Original Mortgage
$69,700
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 24, 2017
Closed on
Mar 1, 2018
Sold by
Houghton Donald R
Bought by
Phillips Zackary and Phillips Sabrina
Seller's Agent
Steven C Peterson
RE/MAX CONCEPTS
Buyer's Agent
Tim Sebetka
Realty87
List Price
$85,000
Sold Price
$82,000
Premium/Discount to List
-$3,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,700
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Clingan-Siverly Michael $150,000 None Listed On Document
Wingshooter Properties Llc -- None Available
Phillips Zackary $41,000 None Available
Phillips Zackary $41,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clingan-Siverly Michael $112,425
Previous Owner Phillips Zackary $69,700
Previous Owner Phillips Zackary $69,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2023 08/10/23 Sold $149,900 0.0% $74 / Sq Ft
07/08/2023 07/08/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $149,900 +82.8% $74 / Sq Ft
03/15/2018 03/15/18 Sold $82,000 -3.5% $41 / Sq Ft View Prior Sale
02/02/2018 02/02/18 Pending -- -- --
10/24/2017 10/24/17 For Sale $85,000 -- $42 / 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 $1,836 $147,400 $28,100 $119,300
2024 $1,778 $126,000 $24,800 $101,200
2023 $1,778 $103,700 $21,400 $82,300
2022 $1,974 $84,300 $21,400 $62,900
2021 $2,072 $80,900 $18,000 $62,900
2020 $2,072 $78,500 $15,800 $62,700
2019 $1,860 $65,500 $15,800 $49,700
2018 $1,944 $65,500 $15,800 $49,700
2017 $2,036 $61,600 $15,800 $45,800
2016 $2,036 $61,800 $15,800 $46,000
2015 $2,556 $74,410 $15,750 $58,660
2014 $2,556 $69,318 $11,340 $57,978
2013 $2,520 $69,318 $11,340 $57,978
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Justin Sloan

    Pinnacle Realty LLC

    (319) 521-0101

    5 in this area

    50 Total Sales

    Justin Sloan
    Section Image

  • M

    Buyer's Agent in 2023

    Mike Selling Team

    GRAF REAL ESTATE, ERA POWERED

    (319) 981-3702

    21 in this area

    662 Total Sales

    Mike Selling Team
    Section Image

  • S

    Seller's Agent in 2018

    Steven C Peterson

    RE/MAX

    Section Image

  • T

    Buyer's Agent in 2018

    Tim Sebetka

    Realty87

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2304386

Cedar Rapids Area Association of REALTORS®

APN: 14223-03030-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1532 5th Ave SE, Cedar Rapids, IA

This home is located at 1532 5th Ave SE, Cedar Rapids, IA 52403 since 06 July 2023 and is currently estimated at $156,234, approximately $77 per square foot. This property was built in 1914. 1532 5th Ave SE is a home located in Linn County with nearby schools including Johnson STEAM Academy, 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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