$66,500
SOLD DEC 15, 2017

1638 B Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood
-- Bed
-- Bath
2,251 Sq Ft
1900 Built

Recently Sold

$30 Per Sq Ft

22% Below List Price

50 Days on Market

About This Home

As of September 2020

INVESTOR ALERT! Upper/lower duplex! Same tenants for several years, both pay $700/month and want to stay. Washer & dryer on site for tenants use. House has newer roof. Passed city rental inspection last year. Tenants pay for electric, seller pays gas, water & trash. Parking off of alley and on street. Well maintained & good income property. Call now for your private tour!

Last Agent to Sell the Property

Brenda Neuendorf

Pinnacle Realty LLC Listed on: 08/28/2017

Pinnacle Realty LLC

Last Buyer's Agent

Brenda Neuendorf

Pinnacle Realty LLC Listed on: 08/28/2017

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • Lot Dimensions are 52 x 140

Home Design

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

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Net Operating Income $10,000

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2412
  • List User Cell Phone: 319-239-3797
  • Miscellaneous: Sep. Meter – Electric
  • Net Tax: 2412
  • 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: 0.91096
  • Ratio Close Price By Original Li: 0.78235
  • Ratio Current Price By Sq Ft: 29.54
  • Total Sq Ft: 2251
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Gas Heat

Schools

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

Lot Info

  • Lot Size: 52 X 140

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Net Operating Income: 10000.00

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
50
Current Estimated Value
$194,939

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
3.16%
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
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- None Listed On Document
Warranty Deed $168,500 None Available
Warranty Deed $268,800 Jensen Jase H
Warranty Deed $66,500 None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Corporate Deed $22,500 None Available
Corporate Deed $22,500 None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $93,500 New Conventional
Previous Owner $133,200 New Conventional
Previous Owner $168,500 New Conventional
Previous Owner $93,800 New Conventional
Previous Owner $49,875 New Conventional
Previous Owner $32,500 Credit Line Revolving
Closed -- No Value Available
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

    50 Total Sales

    Mark Christianson
    Section Image

  • B

    Seller's Agent in 2017

    Brenda Neuendorf

    Pinnacle Realty LLC

    57 Total Sales

    Brenda Neuendorf
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1708178

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

This home is located at 1638 B Ave NE, Cedar Rapids, IA 52402 and is currently priced at $66,500, approximately $29 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.

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