NOT LISTED FOR SALE

1534 2nd Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $101,947 - $120,000

4 Beds
4 Baths
3,595 Sq Ft
$31/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $92,000 $26 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $624/month

73 Days on Market

About This Home

As of September 2021

Hard to find four plex ready for a new owner. The current gross rent is $2400 spread over all four units all paying $600 / month. All tenants have occupied since 2019 with zero complaints. The building has a newer furnace and new roof in 2020. With a good location right off of 1st Ave, this will not last long. All inspections are for buyer's eyes only and the property will be sold in as-is condition."

Last Agent to Sell the Property

Jeremy Trenkamp

Realty87 Listed on: 06/04/2021

Realty87

Last Buyer's Agent

Jeremy Trenkamp

Realty87 Listed on: 06/04/2021

Realty87

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • Lot Dimensions are 60 x 140

Parking

  • 8 Parking Spaces

Home Design

  • 3,595 Sq Ft Home
  • Frame Construction

Utilities

  • Forced Air Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Community Details

  • Gross Income $2,400

Listing and Financial Details

  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2374
  • List User Cell Phone: 319-270-1323
  • Miscellaneous: Basement, Parking Spaces, Ten Storag
  • Net Tax: 2374
  • Noof Units One Bedroom: 2
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.83712
  • Ratio Close Price By Original Li: 0.61374
  • Ratio Current Price By Sq Ft: 25.59
  • Total Sq Ft: 3595
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Heating Cooling: Forced Air, Gas Heat, Window/Wall Air

Schools

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

Lot Info

  • Lot Size: 60 X 140

Rental Info

  • Owner Pays: Water, Electricity, Gas

Multi Family

  • Gross Income: 2400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Sep 7, 2021
Sold by
2Nd Avenue Se Llc
Bought by
Mcntyre Anne
Seller's Agent
Jeremy Trenkamp
Realty87
Buyer's Agent
Jeremy Trenkamp
Realty87
List Price
$149,900
Sold Price
$92,000
Premium/Discount to List
-$57,900
-38.63%
Current Estimated Value
$110,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,316
Avg. Annual Appreciation
4.88%

Purchase Details

Closed on
Sep 22, 2016
Sold by
1534 2Nd Avenue Se Residential Co Op
Bought by
2Nd Avenue Se Llc

Purchase Details

Closed on
Dec 22, 2014
Sold by
Mjmac Enterprises Llc
Bought by
1534 2Nd Avenue Se Residential Co Op

Purchase Details

Closed on
Jul 15, 2013
Sold by
Johnson Rodney S and Johnson Judy M
Bought by
Mjmac Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
3.91%
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
Mcntyre Anne $92,000 None Available
2Nd Avenue Se Llc -- None Available
1534 2Nd Avenue Se Residential Co Op -- None Available
1534 2Nd Avenue Se Residential Co Op -- None Available
Mcfarland Jeremy -- None Available
Mjmac Enterprises Llc $79,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mjmac Enterprises Llc $79,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2021 09/08/21 Sold $92,000 -16.3% $26 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/13/2021 08/13/21 Price Changed $109,900 -7.6% $31 / Sq Ft
07/28/2021 07/28/21 Price Changed $119,000 -14.4% $33 / Sq Ft
07/01/2021 07/01/21 Price Changed $139,000 -7.3% $39 / Sq Ft
06/04/2021 06/04/21 For Sale $149,900 -- $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
2023 $127 $115,800 $24,200 $91,600
2022 $445 $97,100 $24,200 $72,900
2021 $2,254 $93,300 $20,400 $72,900
2020 $223 $85,400 $17,900 $67,500
2019 $2,021 $62,900 $17,900 $45,000
2018 $2,124 $62,900 $17,900 $45,000
2017 $1,464 $68,900 $17,900 $51,000
2016 $1,464 $68,900 $17,900 $51,000
2015 $2,804 $81,601 $17,850 $63,751
2014 $2,804 $95,447 $13,608 $81,839
2013 $3,470 $95,447 $13,608 $81,839
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Trenkamp

    Seller's Agent in 2021

    Jeremy Trenkamp

    Realty87

    (319) 270-1323

    18 in this area

    837 Total Sales

    Jeremy Trenkamp
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2103719

Cedar Rapids Area Association of REALTORS®

APN: 14222-77003-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1534 2nd Ave SE, Cedar Rapids, IA

This home is located at 1534 2nd Ave SE, Cedar Rapids, IA 52403 since 04 June 2021 and is currently estimated at $110,316, approximately $30 per square foot. This property was built in 1900. 1534 2nd 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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