NOT LISTED FOR SALE

1638 B Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $168,000 - $244,000

5 Beds
4 Baths
2,251 Sq Ft
$91/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $168,500 $75 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,390/month

10 Days on Market

About This Home

As of September 2020

*INVESTOR ALERT*
Absolutely turnkey, completely renovated Duplex. All new drywall, electrical, plumbing, & flooring along with new furnaces, ACs, water heaters. Want more? How about new appliances and a new upper and lower deck! Separate tenant paid utilities.
Lower unit is a 2 bed 2 bath with a bonus room and rents for $950/mo.
Upper unit is a 3 bed 2 bath with a bonus room and rents for $1050/mo
Parking area in back of property.
This one will go fast!

Last Listed By

Mark Christianson

Keller Williams Legacy Group Listed on: 07/31/2020

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,702

Year Built

  • 1900

Parking

  • 4 Parking Spaces

Home Design

  • 2,251 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

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

Additional Features

  • Laundry in unit
  • Deck
  • Lot Dimensions are 52 x 140

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,702

Year Built

1900

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 1702
  • List User Cell Phone: 319-329-5770
  • Miscellaneous: Basement, Deck/Patio, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Unit Laundry
  • Net Tax: 1702
  • 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: 0.99176
  • Ratio Close Price By Original Li: 0.99176
  • Ratio Current Price By Sq Ft: 74.86
  • Total Sq Ft: 2251
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • 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: Central Air, Forced Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: 52 X 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2023
Sold by
Larsen Thomas H
Bought by
Larsen Investments Llc
Total Days on Market
10
Current Estimated Value
$205,817

Purchase Details

Closed on
Jan 17, 2022
Sold by
Larsen Thomas H
Bought by
Larsen Investment Llc

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 16, 2020
Sold by
Wiggins Brett A and Wiggins Morgan R
Bought by
Larsen Thomas
Seller's Agent
Mark Christianson
Keller Williams Legacy Group
Buyer's Agent
Mark Christianson
Keller Williams Legacy Group
List Price
$169,900
Sold Price
$168,500
Premium/Discount to List
-$1,400
-0.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%
Original Mortgage
$133,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2017
Closed on
Dec 11, 2017
Sold by
Lutz Allen and Lutz Holly D
Bought by
Wiggins Brett A and Wiggins Morgan R
Seller's Agent
Brenda Neuendorf
Pinnacle Realty LLC
Buyer's Agent
Brenda Neuendorf
Pinnacle Realty LLC
List Price
$85,000
Sold Price
$66,500
Premium/Discount to List
-$18,500
-21.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.05%
Original Mortgage
$49,875
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2012
Sold by
Heron Cove Investment Group Llc
Bought by
Lutz Allen and Lutz Holly D

Purchase Details

Closed on
Dec 21, 2010
Sold by
Wilk & Mat Llc
Bought by
Heron Cove Investment Group

Purchase Details

Closed on
Nov 22, 2010
Sold by
Heritage Bank
Bought by
Wilk & Mat Llc

Purchase Details

Closed on
Jan 26, 2000
Sold by
American Trust & Svgs Bank
Bought by
Miell Robert K

Purchase Details

Closed on
Jun 2, 1998
Sold by
Guaranty Bank & Trust Co
Bought by
American Trust & Svgs Bank and Dr James M Hamilton 401 K Profit Sharing

Purchase Details

Closed on
Dec 11, 1997
Sold by
Miell Robert K
Bought by
Guaranty Bank & Trust Company and James M Hamilton Dr Profit Sharing Plan

Purchase Details

Closed on
Dec 10, 1997
Sold by
Adams Cory and Adams Sandra
Bought by
Miell Robert K

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
Larsen Investments Llc -- --
Larsen Investment Llc -- None Listed On Document
Larsen Thomas $168,500 None Available
Larsen Thomas $268,800 Jensen Jase H
Wiggins Brett A $66,500 None Available
Wiggins Brett A -- None Available
Lutz Allen -- None Available
Heron Cove Investment Group $22,500 None Available
Wilk & Mat Llc $22,500 None Available
Miell Robert K -- --
American Trust & Svgs Bank -- --
Guaranty Bank & Trust Company -- --
Miell Robert K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larsen Thomas $133,200
Previous Owner Larsen Thomas $168,500
Previous Owner Wiggins Brett A $93,800
Previous Owner Wiggins Brett A $49,875
Previous Owner Lutz Allen $32,500
Closed Carrothers Autumn --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2020 09/18/20 Sold $168,500 -0.8% $75 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $169,900 +155.5% $75 / Sq Ft
12/15/2017 12/15/17 Sold $66,500 -8.9% $30 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
09/29/2017 09/29/17 Price Changed $73,000 -6.4% $32 / Sq Ft
09/18/2017 09/18/17 Price Changed $78,000 -8.2% $35 / Sq Ft
08/28/2017 08/28/17 For Sale $85,000 -- $38 / 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 $2,982 $160,300 $28,600 $131,700
2022 $2,390 $141,400 $28,600 $112,800
2021 $2,060 $115,400 $23,400 $92,000
2020 $2,060 $93,400 $20,800 $72,600
2019 $1,702 $93,400 $20,800 $72,600
2018 $1,870 $79,000 $20,800 $58,200
2017 $1,906 $87,500 $20,800 $66,700
2016 $1,968 $92,600 $20,800 $71,800
2015 $2,016 $93,750 $20,800 $72,950
2014 $1,994 $98,239 $20,800 $77,439
2013 $1,616 $98,239 $20,800 $77,439
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Christianson

    Keller Williams Legacy Group

    (319) 329-5770

    3 in this area

    49 Total Sales

    Mark Christianson
    Section Image

  • B

    Seller's Agent in 2017

    Brenda Neuendorf

    Pinnacle Realty LLC

    58 Total Sales

    Brenda Neuendorf
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2005658

Cedar Rapids Area Association of REALTORS®

APN: 14222-04001-00000

Iowa Linn County Cedar Rapids 52402 Mound View

1638 B Ave NE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 1638 B Ave NE, Cedar Rapids, IA 52402 since 31 July 2020 and is currently estimated at $205,817, approximately $91 per square foot. This property was built in 1900. 1638 B Ave NE 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.