NOT LISTED FOR SALE

1650 Ellis Blvd NW Cedar Rapids, IA 52405

Northwest Area Neighborhood

Estimated Value: $163,000 - $194,497

4 Beds
2 Baths
1,569 Sq Ft
$112/Sq Ft Est. Value

Last Sold June 05, 2018

Last sale price $82,500 $53 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,148/month

369 Days on Market

Highlights

  • Forced Air Cooling System
  • 2 Car Garage
  • Fenced
  • John F. Kennedy High School Rated A-

About This Home

As of June 2018

Upper and lower duplex, with basement and good cash flow. Main floor duplex is a 3 bedroom, while the upstairs duplex is 1 bedroom. Each apartment is rented, with leases running through 2nd half of 2018 at $410 and $825, respectively. Parking off Ellis Blvd, as well as parking/garage off alley way.

Last Agent to Sell the Property

Robin Tucker Realtor®

TOMMY TUCKER REALTY COMPANY Listed on: 06/01/2017

Last Buyer's Agent

Tracy Engelbart

REAL ESTATE AMERICA, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,667

Year Built

  • 1925

Lot Details

  • 6,403 Sq Ft Lot
  • Lot Dimensions are 50 x 128
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • 1,569 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Laundry

  • Laundry in unit

Utilities

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

Community Details

  • Gross Income $14,940
  • Net Operating Income $12,032

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,667

Year Built

1925

Lot Details

0

Listing Details

  • Acres: 0.1470
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 1667
  • Last City Inspection: 5/18/15
  • List User Cell Phone: 319-431-6930
  • Miscellaneous: Basement, Fencing, Garage, Parking Spaces, Rent Permit, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Unit Laundry
  • Net Tax: 1667
  • Noof Units One Bedroom: 1
  • Noof Units Three Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.97633
  • Ratio Close Price By Original Li: 0.97633
  • Ratio Current Price By Sq Ft: 52.58
  • Total Sq Ft: 1569
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: 2-FAM
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat, Window/Wall Air

Schools

  • Elementary School: Cleveland
  • Middle School: Roosevelt
  • High School: Jefferson

Lot Info

  • Lot Size: 50 X 128

Rental Info

  • Owner Pays: Water
  • Total Expenses: 2908

Multi Family

  • Gross Income: 14940
  • Net Operating Income: 12032.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2017
Closed on
Jun 1, 2018
Sold by
Jj & E Properties Llc
Bought by
Rogers Jacob C
Seller's Agent
Robin Tucker Realtor®
TOMMY TUCKER REALTY COMPANY
Buyer's Agent
Tracy Engelbart
REAL ESTATE AMERICA, INC.
List Price
$84,500
Sold Price
$82,500
Premium/Discount to List
-$2,000
-2.37%
Current Estimated Value
$176,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,666
Avg. Annual Appreciation
10.94%
Original Mortgage
$79,375
Outstanding Balance
$68,646
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$107,520

Purchase Details

Closed on
Dec 16, 2009
Sold by
Brown Orr Paige A and Orr Richard
Bought by
Spot Properties Llc

Purchase Details

Closed on
May 21, 2000
Sold by
Bassett Ruth J
Bought by
Brown Paige A and Brown David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
9%

Purchase Details

Closed on
Sep 21, 1999
Sold by
Kramer Wendy L
Bought by
American Mutual Life Insurance Company
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
Rogers Jacob C $82,500 None Available
Spot Properties Llc $15,000 None Available
Brown Paige A $87,500 --
American Mutual Life Insurance Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogers Jacob C $79,375
Previous Owner Brown Paige A $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2018 06/05/18 Sold $82,500 -2.4% $53 / Sq Ft
12/01/2017 12/01/17 For Sale $84,500 +2.4% $54 / Sq Ft
11/30/2017 11/30/17 Off Market $82,500 -- --
06/01/2017 06/01/17 For Sale $84,500 -- $54 / 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 $2,608 $148,100 $29,700 $118,400
2024 $93 $147,400 $24,800 $122,600
2023 $93 $147,400 $24,800 $122,600
2022 $2,154 $107,400 $24,800 $82,600
2021 $2,018 $104,000 $22,300 $81,700
2020 $2,018 $100,100 $22,300 $77,800
2019 $1,752 $81,300 $19,800 $61,500
2018 $1,644 $81,300 $19,800 $61,500
2017 $1,652 $75,900 $19,800 $56,100
2016 $1,190 $56,000 $14,900 $41,100
2015 $1,292 $60,749 $14,850 $45,899
2014 $1,292 $48,357 $14,850 $33,507
2013 $1,006 $48,357 $14,850 $33,507
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robin Tucker Realtor®

    TOMMY TUCKER REALTY COMPANY

    (319) 365-6956

    9 Total Sales

    Robin Tucker Realtor®
    Section Image

  • T

    Buyer's Agent in 2018

    Tracy Engelbart

    REAL ESTATE AMERICA, INC.

    (319) 329-1100

    1 in this area

    199 Total Sales

    Tracy Engelbart
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1706026

Cedar Rapids Area Association of REALTORS®

APN: 14201-30026-00000

Iowa Linn County Cedar Rapids 52405 Northwest Area

1650 Ellis Blvd NW, Cedar Rapids, IA

This home is located at 1650 Ellis Blvd NW, Cedar Rapids, IA 52405 since 01 June 2017 and is currently estimated at $176,166, approximately $112 per square foot. This property was built in 1925. 1650 Ellis Blvd NW is a home located in Linn County with nearby schools including Harrison Elementary School, Roosevelt Creative Corridor Business Academy, and John F. Kennedy 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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