NOT LISTED FOR SALE

1651 16th St NW Cedar Rapids, IA 52405

Estimated Value: $330,000 - $363,000

4 Beds
5 Baths
3,520 Sq Ft
$97/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $347,000 $99 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,332/month

133 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • Garage
  • John F. Kennedy High School Rated A-

About This Home

As of March 2024

This duplex is a wonderful opportunity to be an owner-occupied homeowner and have the tenant pay for the bulk of your mortgage payment!
Each unit is identical and has 1760 square feet. Both units have two bedrooms in the lower level, each with their own on-suite bathrooms with the laundry room just outside the bedroom doors.
On the first level you have a spacious kitchen, large living room with fireplace, half bath and the 3-season porch with a large deck overlooking both a wooded ravine and downtown cityscape.
Just off the horizon you will see downtown Cedar Rapids and the Cedar River. Many updates have already been done in the interior of both units. All exterior items (new roof, siding, gutters, fascia, and garage doors) have been done since the storm. Just under one half acre of yard space around the dwellings. Each unit offer its own two car attached garage. One of the two units is currently rented to a long-term tenant for $1,500.00 per/mo. and would appreciate the opportunity to stay or can be released from his lease within 90 days of possession. The other unit is vacant and perfect for an owner-occupied homeowner or another tenant. A truly unique property in Cedar Rapids!

Last Listed By

Jason Vestweber

SKOGMAN REALTY Listed on: 10/12/2023

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,960

Year Built

  • 1988

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 115 x 180

Parking

  • Garage

Home Design

  • 3,520 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Pets Allowed

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,960

Year Built

1988

Lot Details

0

Listing Details

  • Acres: 0.4750
  • City Name: Cedar Rapids
  • Gross Tax: 4960
  • List User Cell Phone: 319-551-0373
  • Miscellaneous: Deck/Patio, Garage, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water
  • Net Tax: 4960
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.95724
  • Ratio Close Price By Original Li: 0.87848
  • Ratio Current Price By Sq Ft: 98.58
  • Total Sq Ft: 3520
  • Style St: Side/Side
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1988

Interior Features

  • Basement: Full, Walkout

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Schools

  • Elementary School: Harrison
  • Middle School: Roosevelt
  • High School: Kennedy

Lot Info

  • Lot Size: 115 x 180

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Mar 18, 2024
Sold by
Polaski Properties Llc
Bought by
Brierton John and Meurer Virginia
Seller's Agent
Jason Vestweber
SKOGMAN REALTY
Buyer's Agent
Jeannie Rice
COLDWELL BANKER HEDGES
List Price
$395,000
Sold Price
$347,000
Premium/Discount to List
-$48,000
-12.15%
Total Days on Market
133
Views
487
Current Estimated Value
$342,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,082
Avg. Annual Appreciation
-1.01%
Original Mortgage
$277,600
Outstanding Balance
$270,919
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$71,999

Range of Values:

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 Buyer Sale Price Title Company
Brierton John $347,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brierton John $277,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $347,000 -4.3% $99 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/19/2024 02/19/24 Price Changed $362,500 -2.7% $103 / Sq Ft
11/01/2023 11/01/23 Price Changed $372,500 -5.7% $106 / Sq Ft
10/12/2023 10/12/23 For Sale $395,000 -- $112 / 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 $4,960 $284,600 $53,100 $231,500
2022 $86 $235,200 $53,100 $182,100
2021 $4,294 $193,500 $43,000 $150,500
2020 $4,294 $194,600 $38,000 $156,600
2019 $3,980 $184,600 $35,400 $149,200
2018 $3,870 $184,600 $35,400 $149,200
2017 $3,692 $178,400 $35,400 $143,000
2016 $3,692 $173,700 $35,400 $138,300
2015 $3,928 $184,605 $35,420 $149,185
2014 $3,928 $185,812 $35,420 $150,392
2013 $3,870 $185,812 $35,420 $150,392
Source: Public Records

Agents Affiliated with this Home

  • Jason Vestweber

    Seller's Agent in 2024

    Jason Vestweber

    SKOGMAN REALTY

    (319) 551-0373

    137 Total Sales

    Jason Vestweber
    Section Image

  • J

    Buyer's Agent in 2024

    Jeannie Rice

    COLDWELL BANKER HEDGES

    (319) 550-5700

    98 Total Sales

    Jeannie Rice
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2306763

Cedar Rapids Area Association of REALTORS®

APN: 14202-26004-00000

Iowa Linn County Cedar Rapids 52405

1651 16th St NW, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 1651 16th St NW, Cedar Rapids, IA 52405 since 12 October 2023 and is currently estimated at $342,918, approximately $97 per square foot. This property was built in 1988. 1651 16th St 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.
Information is deemed reliable but not guaranteed.

Nearby Homes