$3,075,000
SOLD OCT 14, 2021
Last list price

1606 Ellis Blvd NW Cedar Rapids, IA 52405

Northwest Area Neighborhood
12 Beds
12 Baths
1,370 Sq Ft
1.32 Acres

Recently Sold

Highlights

  • New Construction
  • Attached Garage
  • Living Room
  • John F. Kennedy High School Rated A-
  • Double Pane Windows
  • Property is near schools

About This Home

As of December 2024

Ellis Flats is a 3 bed/2.5-bathroom duplex property with 12 units in total. These luxury units include a two-stall attached garage, extended storage on each level, washer/dryer in unit, and an exclusive rooftop patio where all residents may enjoy their free time in warmer months. Interior finishes include stainless steel kitchen appliances, granite counter tops, tile back-splash, built-in breakfast bar, separate dining area, & more. Ellis Flats is just minutes from the ever-popular Ellis Park. This park has an 18-hole golf course, water skiing facilities, ball diamonds, swimming pool, tennis courts, sand volleyball courts, & more.

Last Agent to Sell the Property

Craig Byers

Q4 Real Estate Listed on: 10/14/2021

Q4 Real Estate

Last Buyer's Agent

Craig Byers

Q4 Real Estate Listed on: 10/14/2021

Q4 Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $620

Year Built

  • Built in 2019 | New Construction

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,370 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Parking

  • Attached Garage
  • Off-Street Parking

Accessible Home Design

  • Stepless Entry

Location

  • Property is near schools
  • Property is near shops

Schools

  • Harrison Elementary School
  • Roosevelt Middle School
  • Kennedy High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Available
  • Internet Available

Listing and Financial Details

Community Details

Overview

  • Association fees include exterior maintenance, garbage pickup, grounds maintenance, heating/cooling, pest control/termite, security, sewer, water
  • 12 Units
  • Nw Quadrant Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Security
  • Electric Expense $189
  • Fuel Expense $49
  • Insurance Expense $16,848
  • Maintenance Expense $6,739
  • Water Sewer Expense $289
  • Gross Income $226,595

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$620

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Photo Code1: Broker Loaded
  • Possible Finance: Cash
  • Year Built: 2019
  • Zero Step Entry: Yes
  • Tax Year Report: 2021
  • Subdivision: NW Quadrant
  • Rental Permit: Yes
  • Type Multi Family: 2 Stories, Townhouse, Duplex
  • Water Annually: 289
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 1370
  • Laundry: Hookups In Unit
  • Lower Level Sq Ft: 1402

Exterior Features

  • Construction: Vinyl
  • New Construction: Yes

Garage/Parking

  • Parking: Attached, Garage, Off Street

Utilities

  • Cooling: Ceiling Fan, Central
  • Heating: Gas
  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Utilities Available: Electric in Rent, Gas in Rent, Water in Rent
  • Electric Annually: 189
  • Gas Annually: 49

Condo/Co-op/Association

  • Amenities: Neighborhood, Pet Policy, Security, Sidewalks, Street Lights, Close to Market, Close to School, Close to Shopping
  • Fee Includes: Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Heating/Cooling, Pest Control/Termite, Security, Sewer, Water

Schools

  • Elementary School: Harrison
  • Middle School: Roosevelt
  • High School: Kennedy
  • High School: Kennedy
  • Jr Middle School: Roosevelt
  • Elementary School: Harrison

Green Features

  • Energy Related: Double Pane

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: Irregular
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 4874
  • Assessor Parcel Number: Multiple

Multi Family

  • Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Dec 23, 2024
Sold by
N & M Investments Llc
Bought by
Bethel Realty Ia Llc
Seller's Agent
Craig Byers
Q4 Real Estate
Buyer's Agent
Nonmember NONMEMBER
NONMEMBER
List Price
$2,690,000
Sold Price
$2,499,500
Premium/Discount to List
-$190,500
-7.08%
Views
31
Current Estimated Value
$1,843,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$656,400
Avg. Annual Appreciation
-10.63%
Original Mortgage
$1,460,000
Outstanding Balance
$1,456,274
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving
Estimated Equity
$880,226

Purchase Details

Closed on
Nov 1, 2019
Sold by
The Depot Development Llc
Bought by
N & M Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,279
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $2,499,500 None Listed On Document
Warranty Deed $2,499,500 None Listed On Document
Warranty Deed $1,272,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,460,000 Credit Line Revolving
Closed $1,460,000 Credit Line Revolving
Previous Owner $387,279 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $2,499,500 -7.1% $3,148 / Sq Ft
09/17/2024 09/17/24 For Sale $2,690,000 -12.5% $3,388 / Sq Ft
10/14/2021 10/14/21 Sold -- -- --
10/14/2021 10/14/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $3,075,000 -- $2,245 / Sq Ft
Source: Iowa City 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 $620 $222,800 $18,600 $204,200
2022 $570 $180,100 $18,600 $161,500
2021 $368 $27,500 $16,700 $10,800
2020 $368 $16,700 $16,700 $0
2019 $320 $0 $0 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Craig Byers

    Seller's Agent in 2024

    Craig Byers

    Q4 Real Estate

    (319) 200-8130

    2 in this area

    120 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    Nonmember NONMEMBER

    NONMEMBER

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202105620

Iowa City Area Association of REALTORS®

APN: 14201-30031-00000

Iowa Linn County Cedar Rapids 52405 Northwest Area

1606 Ellis Blvd NW, Cedar Rapids, IA

This home is located at 1606 Ellis Blvd NW, Cedar Rapids, IA 52405 and is currently estimated at $3,075,000, approximately $2,244 per square foot. This property was built in 2019. 1606 Ellis Blvd NW is a home located in Linn County with nearby schools including Harrison Elementary School, Roosevelt Creative Corridor Business Academy, and John F. Kennedy 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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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