NOT LISTED FOR SALE

1607 Hillside Dr NW Cedar Rapids, IA 52405

Estimated Value: $190,000 - $219,000

5 Beds
3 Baths
1,756 Sq Ft
$117/Sq Ft Est. Value

Last Sold May 30, 2013

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

Est. 56% increase in value since last sale

Current estimated payment $1,340/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 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

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 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%
Current Estimated Value
$205,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,502
Avg. Annual Appreciation
3.60%
Original Mortgage
$19,800
Interest Rate
3.38%
Mortgage Type
Unknown

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pham Loni $132,000 None Available
Mayberry Dwight J $128,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pham Loni $19,800
Previous Owner Mayberry Dwight J $103,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $3,096 $190,900 $42,800 $148,100
2024 $3,206 $183,500 $42,800 $140,700
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

  • Beth Brockette

    Seller's Agent in 2013

    Beth Brockette

    Ruhl & Ruhl

    (319) 551-8692

    134 Total Sales

    Beth Brockette
    Section Image

  • S

    Buyer's Agent in 2013

    Sandra Koshatka

    Pinnacle Realty LLC

    (319) 350-4230

    88 Total Sales

    Sandra Koshatka
    Section Image
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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

Not Listed for Sale

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