NOT LISTED FOR SALE

1622 D Ave NE Unit 1622/1624 Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $111,000 - $129,901

2 Beds
2 Baths
1,638 Sq Ft
$75/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $127,500 $78 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $831/month

15 Days on Market

About This Home

As of October 2023

Solid! Upper/lower in Clean/Quiet neighborhood. Metal roof, recent interior upgrades, new siding on rear. Common basement laundry with separate secured entrances. Upper is 1Bed/1bath on a 12 mo lease @ $650 and lower is 1Bed/1bath with a bonus room that could be sleeping area or office space and is month to month at $750 but receives a $100/mo credit for taking care of snow and lawn duties. Separately metered and well kept. Convenient to shopping, Irish district, and DQ! This one is an easy money maker with great cash flow. Showings 12:30-7:30pm only please, 24 hr notice required.

Last Agent to Sell the Property

Jeff Nelson

Teri Graf Real Estate Team Listed on: 08/18/2023

Last Buyer's Agent

Deb Witter

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,985

Year Built

  • 1900

Lot Details

  • 7,275 Sq Ft Lot
  • Lot Dimensions are 52 x 149

Home Design

  • Frame Construction
  • Vinyl Construction Material
  • Slate

Interior Spaces

  • 1,638 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $1,400
  • Net Operating Income $1,300

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,985

Year Built

1900

Lot Details

0

Listing Details

  • Acres: 0.1670
  • City Name: Cedar Rapids
  • Gross Tax: 1985
  • Last City Inspection: 02/28/23
  • List User Cell Phone: 319-343-5333
  • Miscellaneous: Common Laundry-Owned, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water
  • Net Tax: 1985
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.91137
  • Ratio Close Price By Original Li: 0.91137
  • Ratio Current Price By Sq Ft: 77.84
  • Total Sq Ft: 1638
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Basement: Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Slate, Vinyl

Utilities

  • Heating Cooling: Gas Heat, Window/Wall Air

Schools

  • Elementary School: Arthur
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: 52 x 149

Rental Info

  • Total Expenses: 100

Multi Family

  • Gross Income: 1400
  • Net Operating Income: 1300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Oct 12, 2023
Sold by
Bonner Properties Llc
Bought by
Hepker Homes Llc
Seller's Agent
Jeff Nelson
Teri Graf Real Estate Team
Buyer's Agent
Deb Witter
Realty87
List Price
$139,900
Sold Price
$127,500
Premium/Discount to List
-$12,400
-8.86%
Views
49
Current Estimated Value
$122,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,866
Avg. Annual Appreciation
-2.25%
Original Mortgage
$102,000
Outstanding Balance
$100,382
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$22,252

Purchase Details

Listed on
Aug 18, 2023
Closed on
Aug 23, 2023
Sold by
Bonner Shaun
Bought by
Bonner Properties Llc
Seller's Agent
Jeff Nelson
Teri Graf Real Estate Team
Buyer's Agent
Deb Witter
Realty87
List Price
$139,900
Sold Price
$127,500
Premium/Discount to List
-$12,400
-8.86%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Outstanding Balance
$100,382
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$22,252

Purchase Details

Closed on
Jul 31, 2023
Sold by
Stone Marcy E
Bought by
Bonner Shaun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2006
Sold by
Midamerica Housing Partnership
Bought by
Stone Marey E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
6.5%
Mortgage Type
Unknown
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
Hepker Homes Llc $127,500 None Listed On Document
Bonner Properties Llc -- None Listed On Document
Bonner Shaun $100,000 None Listed On Document
Stone Marey E $53,500 All American Escrow Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hepker Homes Llc $102,000
Previous Owner Bonner Properties Llc $104,000
Previous Owner Stone Marey E $43,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $127,500 -8.9% $78 / Sq Ft
09/02/2023 09/02/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $139,900 -- $85 / 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 $1,798 $94,900 $27,200 $67,700
2022 $1,458 $85,200 $27,200 $58,000
2021 $1,406 $70,400 $22,200 $48,200
2020 $1,406 $63,700 $17,300 $46,400
2019 $1,174 $54,500 $17,300 $37,200
2018 $1,278 $54,500 $17,300 $37,200
2017 $1,250 $57,400 $17,300 $40,100
2016 $1,286 $60,500 $17,300 $43,200
2015 $1,304 $61,249 $17,290 $43,959
2014 $1,304 $63,954 $17,290 $46,664
2013 $1,332 $63,954 $17,290 $46,664
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeff Nelson

    Teri Graf Real Estate Team

    (319) 343-5333

    2 in this area

    138 Total Sales

    Jeff Nelson
    Section Image
  • Deb Witter

    Buyer's Agent in 2023

    Deb Witter

    Realty87

    (319) 551-5131

    1 in this area

    80 Total Sales

    Deb Witter
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2305488

Cedar Rapids Area Association of REALTORS®

APN: 14153-56018-00000

Iowa Linn County Cedar Rapids 52402 Mound View

1622 D Ave NE Unit 1622/1624, Cedar Rapids, IA

This home is located at 1622 D Ave NE Unit 1622/1624, Cedar Rapids, IA 52402 since 18 August 2023 and is currently estimated at $122,634, approximately $74 per square foot. This property was built in 1900. 1622 D Ave NE Unit 1622/1624 is a home located in Linn County with nearby schools including Garfield Elementary School, Franklin Middle School, 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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