NOT LISTED FOR SALE

1607 Hillside Dr NW Cedar Rapids, IA 52405

Estimated Value: $193,000 - $214,000

5 Beds
3 Baths
1,756 Sq Ft
$116/Sq Ft Est. Value

Last Sold May 30, 2013

Last sale price $132,000 $75 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,411/month

248 Days on Market

Highlights

  • Forced Air Cooling System
  • Hot Water Heating System
  • Fenced
  • John F. Kennedy High School Rated A-
  • Garage

About This Home

As of May 2013

This ranch-style duplex makes a perfect income property. Or live in one side and use the other unit to help pay your mortgage! Nice condition with new roof and many new appliances. 2-bedroom unit has had consistent renter. 3-bedroom unit is owner-occupied and includes 2 car garage. Fenced back yard. Showings require 48-hour notice for tenants.

Last Agent to Sell the Property

Beth & Alan Brockette

RUHL & RUHL REALTORS® Listed on: 09/24/2012

RUHL & RUHL REALTORS®

Last Buyer's Agent

Sandra Koshatka

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,520

Year Built

  • 1967

Lot Details

  • Lot Dimensions are 75 x 140
  • Fenced

Parking

  • Garage

Home Design

  • 1,756 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $18,000
  • Net Operating Income $12,600

Listing and Financial Details

  • Tenant pays for electricity, gas, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,520

Year Built

1967

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 2520
  • List User Cell Phone: 319-551-8692
  • Miscellaneous: Basement, Fencing, Garage, Parking Spaces, Rent Permit, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water
  • Net Tax: 2378
  • Noof Units Three Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.97850
  • Ratio Close Price By Original Li: 0.94353
  • Ratio Current Price By Sq Ft: 75.17
  • Total Sq Ft: 1756
  • Style St: Side/Side
  • Taxable Value Tv: 131232.00
  • Tax Roll Number: 14102320001
  • Tenants Responsibilities Include: Electricity, Gas, Water
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl, Wood

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat, Hot Water Heat

Schools

  • Elementary School: Madison
  • Middle School: Roosevelt
  • High School: Kennedy

Lot Info

  • Lot Size: 75 X 140

Rental Info

  • Total Expenses: 4770

Multi Family

  • Gross Income: 18000
  • Net Operating Income: 12600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2012
Closed on
May 20, 2013
Sold by
Mayberry Dwight J
Bought by
Pham Loni and Beaupre Justin M
Seller's Agent
Beth & Alan Brockette
RUHL & RUHL REALTORS®
Buyer's Agent
Sandra Koshatka
Pinnacle Realty LLC
List Price
$139,900
Sold Price
$132,000
Premium/Discount to List
-$7,900
-5.65%
Total Days on Market
248
Current Estimated Value
$203,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,901
Avg. Annual Appreciation
3.68%
Original Mortgage
$105,600
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2011
Sold by
Tresnak James M and Tresnak Suzanne K
Bought by
Mayberry Dwight J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
4.8%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in Cedar Rapids, IA

  • 1516 C Ave NE Unit A & B, Cedar Rapids, IA 52402

    $225,000

    • 5 Beds
    • 2 Baths
    • 2,295 Sq Ft
    • 1516 C Ave NE
    • Unit A & B
    • Cedar Rapids, IA

    2-unit turn-key duplex, excellent investment opportunity close to Mt. Mercy, Coe College, Mercy Hospital, Garfield Elementary, Fairfield Middle School, and Washington High School. Completely renovated from the studs out, new appliances, light fixtures, flooring, paint, plumbing, electrical, HVAC, separate water, gas, and electric meters, shared laundry in the LL, 4 parking spaces, and easy to

    Rob McCain Urban Acres Real Estate Corridor

    Section Image
  • 809 17th St SE, Cedar Rapids, IA 52403

    $215,000

    • 6 Beds
    • 4 Baths
    • 2,299 Sq Ft
    • 809 17th St SE
    • Cedar Rapids, IA

    Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant

    Ross Nusser Urban Acres Real Estate Corridor

    Section Image
See All Homes in Cedar Rapids

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pham Loni $132,000 None Available
Mayberry Dwight J $128,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beaupre Justin M $99,800
Closed Pham Loni $105,600
Closed Pham Loni $19,800
Previous Owner Mayberry Dwight J $103,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2013 05/30/13 Sold $132,000 -5.6% $75 / Sq Ft
05/30/2013 05/30/13 Pending -- -- --
09/24/2012 09/24/12 For Sale $139,900 -- $80 / 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 $3,206 $175,000 $37,400 $137,600
2022 $2,974 $152,000 $37,400 $114,600
2021 $3,088 $143,600 $33,800 $109,800
2020 $3,088 $140,000 $33,800 $106,200
2019 $2,708 $125,600 $28,500 $97,100
2018 $2,632 $125,600 $28,500 $97,100
2017 $2,762 $126,800 $28,500 $98,300
2016 $2,695 $126,800 $28,500 $98,300
2015 $2,669 $125,431 $28,500 $96,931
2014 $2,484 $126,095 $28,500 $97,595
2013 $2,440 $126,095 $28,500 $97,595
Source: Public Records

Agents Affiliated with this Home

  • S

    Buyer's Agent in 2013

    Sandra Koshatka

    Pinnacle Realty LLC

    (319) 350-4230

    81 Total Sales

    Sandra Koshatka
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1206991

Cedar Rapids Area Association of REALTORS®

APN: 14192-32004-00000

Iowa Linn County Cedar Rapids 52405

1607 Hillside Dr NW, Cedar Rapids, IA

This home is located at 1607 Hillside Dr NW, Cedar Rapids, IA 52405 since 24 September 2012 and is currently estimated at $203,901, approximately $116 per square foot. This property was built in 1967. 1607 Hillside Dr NW is a home located in Linn County with nearby schools including Madison 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.

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.

Nearby Homes