NOT LISTED FOR SALE

1539 E Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $63,000 - $69,000

5 Beds
2 Baths
1,810 Sq Ft
$36/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $64,000 $35 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $396/month

17 Days on Market

About This Home

As of July 2024

Looking for a project that actually makes sense, this is it. Inspections are for the buyer’s purposes only. Being sold “as is”. This is an upper and lower duplex on a lot that will allow an ADU to be added making it a triplex or fourplex if desired. More details for plans for this within the documents section or feel free to reach out to the listing agent. It’s already passed by the city. Both units are currently 2 bedroom, 1 bath with private entrances. The upper unit could be a 3 bedroom if the third floor room is finished which has a full staircase with the correct headroom off the living room area. Basement is unfinished and has access from the 1st floor unit. This is a project property. Only cash or commercial in house conventional financing is going to work. All highest and best offers are due by 6/24/2024 at 5pm with a response by 6/25/2024 by 12pm. Seller reserves the right to reject all offers.

Last Agent to Sell the Property

Adam Stradt

RE/MAX CONCEPTS Listed on: 06/08/2024

RE/MAX CONCEPTS

Last Buyer's Agent

Jaime Burczek

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $600

Year Built

  • 1898

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60x140

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,810 Sq Ft Home
  • Basement Fills Entire Space Under The House

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$600

Year Built

1898

Lot Details

0

Listing Details

  • Acres: 0.1900
  • City Name: Cedar Rapids
  • Gross Tax: 600
  • List User Cell Phone: 319-573-9668
  • Miscellaneous: Parking Spaces
  • Net Tax: 600
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.42222
  • Ratio Close Price By Original Li: 1.42222
  • Ratio Current Price By Sq Ft: 35.36
  • Total Sq Ft: 1810
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1898

Interior Features

  • Basement: Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 4

Lot Info

  • Lot Size: 60x140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Jul 24, 2024
Sold by
D Taggart Holdings Inc
Bought by
4 Square Rentals Llc
Seller's Agent
Adam Stradt
RE/MAX CONCEPTS
Buyer's Agent
Jaime Burczek
SKOGMAN REALTY
List Price
$45,000
Sold Price
$64,000
Premium/Discount to List
$19,000
42.22%
Views
65
Current Estimated Value
$66,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,000
Avg. Annual Appreciation
2.47%
Original Mortgage
$152,000
Outstanding Balance
$150,171
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$84,171

Purchase Details

Closed on
Nov 10, 2021
Sold by
Hartley David E and Hartley Margie F
Bought by
D Taggart Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
2.99%
Mortgage Type
New Conventional
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
4 Square Rentals Llc $64,000 None Listed On Document
D Taggart Holdings Inc $30,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4 Square Rentals Llc $152,000
Previous Owner D Taggart Holdings Inc $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2024 07/25/24 Sold $64,000 +42.2% $35 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
06/08/2024 06/08/24 For Sale $45,000 -- $25 / 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 $576 $42,200 $28,100 $14,100
2024 $600 $33,500 $18,000 $15,500
2023 $600 $32,500 $18,000 $14,500
2022 $1,490 $28,400 $18,000 $10,400
2021 $1,482 $71,900 $23,000 $48,900
2020 $1,444 $67,200 $20,400 $46,800
2019 $1,254 $58,200 $20,400 $37,800
2018 $1,352 $58,200 $20,400 $37,800
2017 $1,206 $55,400 $20,400 $35,000
2016 $1,236 $58,100 $20,400 $37,700
2015 $1,352 $63,565 $20,400 $43,165
2014 $1,352 $66,221 $20,400 $45,821
2013 $1,378 $66,221 $20,400 $45,821
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Adam Stradt

    RE/MAX

    (319) 573-9668

    7 in this area

    60 Total Sales

    Adam Stradt
    Section Image

  • J

    Buyer's Agent in 2024

    Jaime Burczek

    SKOGMAN REALTY

    (319) 366-6427

    5 in this area

    59 Total Sales

    Jaime Burczek
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2403994

Cedar Rapids Area Association of REALTORS®

APN: 14153-59009-00000

Iowa Linn County Cedar Rapids 52402 Mound View

1539 E Ave NE, Cedar Rapids, IA

Not Listed for Sale

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