$190,000
SOLD FEB 25, 2025

1640 Dows St Ely, IA 52227

-- Bed
-- Bath
2,346 Sq Ft
3,006 Sq Ft Lot

Recently Sold

$81 Per Sq Ft

3% Below List Price

10 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Prairie Ridge Elementary School Rated A-
  • Garage

About This Home

As of February 2025

Great investment duplex in downtown Ely. This property offers a unique opportunity for both residential and commercial potential. With two separate units, the layout allows the potential to convert the lower unit into a commercial space, making it ideal for investors or entrepreneurs seeking to capitalize on Ely's growth. Don't miss out!

Last Agent to Sell the Property

Samm Arends

Realty87 Listed on: 01/15/2025

Realty87

Last Buyer's Agent

Leslie Berger

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,569

Year Built

  • Built in 1900

Lot Details

  • 3,006 Sq Ft Lot
  • Lot Dimensions are 40x75

Parking

  • Garage

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,346 Sq Ft Home
  • Partial Basement

Schools

  • College Comm Elementary And Middle School
  • College Comm High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 18311-34003-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,569

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Zoning: res
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.069
  • Co List Office Phone: 319-378-8760
  • MLS Status: Closed
  • Directions: South on State Street, West on Dows Street
  • Year Built: 1900
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Garage/Parking

  • Attached Garage: Yes

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: College Comm
  • High School: College Comm
  • Middle Or Junior School: College Comm

Lot Info

  • Lot Dimensions: 40x75
  • ResoLotSizeUnits: Acres
  • Parcel Number: 18311-34003-00000
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Tax Annual Amount: 2569.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2021
Sold by
Novak Sherry A
Bought by
3A Properties Llc
Current Estimated Value
$194,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,961
Outstanding Balance
$92,067
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$101,933

Purchase Details

Closed on
Sep 5, 2006
Sold by
Klouda Henrietta
Bought by
Novak Sherry A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $142,000 None Available
Warranty Deed $80,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,961 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2025 02/25/25 Sold $190,000 -2.6% $81 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $195,000 -- $83 / 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 $2,570 $227,800 $8,100 $219,700
2024 $2,332 $156,300 $8,100 $148,200
2023 $2,332 $156,300 $8,100 $148,200
2022 $2,242 $120,600 $8,100 $112,500
2021 $2,066 $118,100 $8,100 $110,000
2020 $2,066 $103,300 $8,100 $95,200
2019 $1,850 $93,400 $6,500 $86,900
2018 $1,684 $93,400 $6,500 $86,900
2017 $1,664 $89,200 $6,500 $82,700
2016 $1,588 $89,200 $6,500 $82,700
2015 $1,510 $85,200 $6,500 $78,700
2014 $1,510 $85,200 $6,500 $78,700
2013 $1,426 $85,200 $6,500 $78,700
Source: Public Records

Agents Affiliated with this Home

  • Samm Arends

    Seller's Agent in 2025

    Samm Arends

    Realty87

    (319) 329-2674

    18 Total Sales

    Samm Arends
    Section Image
  • Leslie Berger

    Buyer's Agent in 2025

    Leslie Berger

    SKOGMAN REALTY

    (319) 558-7754

    36 Total Sales

    Leslie Berger
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2500338

Cedar Rapids Area Association of REALTORS®

APN: 18311-34003-00000

Iowa Linn County Ely 52227

1640 Dows St, Ely, IA

Sold

MultiFamily

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.

Nearby Homes