NOT LISTED FOR SALE

1627 2nd Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $192,000 - $211,000

9 Beds
4 Baths
3,680 Sq Ft
$55/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $178,000 $48 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,289/month

84 Days on Market

About This Home

As of June 2021

Property is being sold "As Is”. Buyers can do inspections for their own information only. 100% Occupied! Three (2-bedroom) and one (3-bedroom) with 4 off street parking spaces. Property had a new roof put on in 2019 and water heater replaced in 2019. The property will be getting new soffit and gutters from storm damage. Rents are as follows: Unit 1 ($575), Unit 2 ($575), Unit 3 ($675), Unit4 ($587). Landlord pays water and trash, Tenants pay gas and electric. Property is due for inspection 3/9/2024.

Last Agent to Sell the Property

Angie Glick

GLD COMMERCIAL Listed on: 03/01/2021

Last Buyer's Agent

Donald Fieldhouse

Cedar Rapids Area Association of REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,390

Year Built

  • 1900

Lot Details

  • 5,619 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • 3,680 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $28,944

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,390

Year Built

1900

Lot Details

0

Listing Details

  • Acres: 0.1290
  • City Name: Cedar Rapids
  • Gross Tax: 2390
  • List User Cell Phone: 319-821-0028
  • Miscellaneous: Sep. Meter – Electric, Sep. Meter – Gas
  • Net Tax: 2390
  • Noof Units Three Bedroom: 1
  • Noof Units Two Bedroom: 3
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.96216
  • Ratio Close Price By Original Li: 0.33585
  • Ratio Current Price By Sq Ft: 48.37
  • Total Sq Ft: 3680
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: TRF
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Cooling: Gas Heat

Schools

  • Elementary School: Johnson
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: .129 Ac

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 28944

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Jun 29, 2021
Sold by
3A Properties Llc
Bought by
Sauser Joel and Sauser Andrea
Seller's Agent
Angie Glick
GLD COMMERCIAL
Buyer's Agent
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
List Price
$530,000
Sold Price
$178,000
Premium/Discount to List
-$352,000
-66.42%
Current Estimated Value
$202,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,117
Avg. Annual Appreciation
3.10%
Original Mortgage
$151,300
Outstanding Balance
$137,579
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$64,538

Purchase Details

Listed on
Jul 30, 2018
Closed on
Aug 24, 2018
Sold by
Hawkeye Area Community Action Program In
Bought by
3A Properties Llc
Seller's Agent
Deanna Howard
IOWA REALTY
Buyer's Agent
Jeff Johnson
RUHL & RUHL REALTORS®
List Price
$86,000
Sold Price
$86,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.19%
Original Mortgage
$96,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving
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
Sauser Joel $178,000 None Available
3A Properties Llc $86,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sauser Joel $151,300
Previous Owner 3A Properties Llc $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $178,000 -3.8% $48 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
04/26/2021 04/26/21 Price Changed $185,000 -62.9% $50 / Sq Ft
03/24/2021 03/24/21 Price Changed $499,000 -5.8% $136 / Sq Ft
03/22/2021 03/22/21 For Sale $530,000 0.0% $144 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $530,000 +516.3% $144 / Sq Ft
08/29/2018 08/29/18 Sold $86,000 0.0% $23 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $86,000 -- $23 / 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 $2,248 $130,200 $19,000 $111,200
2022 $2,294 $106,600 $19,000 $87,600
2021 $2,270 $94,000 $16,000 $78,000
2020 $2,270 $86,000 $14,000 $72,000
2019 $2,390 $0 $0 $0
2018 $159 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Angie Glick

    Seller's Agent in 2021

    Angie Glick

    GLD COMMERCIAL

    (319) 821-0028

    1 in this area

    128 Total Sales

    Angie Glick
    Section Image

  • D

    Buyer's Agent in 2021

    Donald Fieldhouse

    Cedar Rapids Area Association of REALTORS

    (239) 774-6598

    33 in this area

    4,936 Total Sales

    Donald Fieldhouse
    Section Image
  • Deanna Howard

    Seller's Agent in 2018

    Deanna Howard

    IOWA REALTY

    (319) 929-3836

    4 in this area

    89 Total Sales

    Deanna Howard
    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Brenda Neuendorf

    Pinnacle Realty LLC

    55 Total Sales

    Brenda Neuendorf
    Section Image

  • J

    Buyer's Agent in 2018

    Jeff Johnson

    Ruhl & Ruhl

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2101122

Cedar Rapids Area Association of REALTORS®

APN: 14221-35006-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1627 2nd Ave SE, Cedar Rapids, IA

This home is located at 1627 2nd Ave SE, Cedar Rapids, IA 52403 since 01 March 2021 and is currently estimated at $202,117, approximately $54 per square foot. This property was built in 1900. 1627 2nd Ave SE is a home located in Linn County with nearby schools including Johnson Elementary School, McKinley STEAM Academy, 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.
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