$83,000
SOLD DEC 1, 2015

1817 E Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood
-- Bed
-- Bath
2,478 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

8% Below List Price

16 Days on Market

Highlights

  • Forced Air Cooling System
  • Garage
  • 3-minute walk to Tomahawk Park

About This Home

As of June 2022

This property is being sold in As-Is condition. Rapairs/TLC are needed, however we are priced accordingly at 15k under assessed value. This would be a great candidate to occupy one unit and rent the additional unit to cover the mortgage payment. Alternative option would simply be to cash flow both of these with plenty of nearby businesses and schools for finding tenants.

Last Agent to Sell the Property

Chad Gloede

RE/MAX CONCEPTS Listed on: 09/28/2015

RE/MAX CONCEPTS

Last Buyer's Agent

Amy Eaton

Keller Williams Legacy Group

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Parking

  • Garage

Home Design

  • 2,478 Sq Ft Home
  • Frame Construction
  • Slate

Utilities

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

Additional Features

  • Laundry in unit
  • Lot Dimensions are 50 x 140

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 2223
  • Last City Inspection: 5/27/15
  • List User Cell Phone: 319-573-0697
  • Miscellaneous: Garage, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Unit Laundry
  • Net Tax: 2223
  • Noof Units Three Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.92222
  • Ratio Close Price By Original Li: 0.92222
  • Ratio Current Price By Sq Ft: 33.49
  • Total Sq Ft: 2478
  • Style St: Upper/Lower
  • Taxable Value Tv: 104500.00
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Exterior Features

  • Construction Methods: Frame
  • Exterior: Slate

Utilities

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

Schools

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

Lot Info

  • Lot Size: 50 X 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 16, 2022
Sold by
Corridor Property Solutions Llc
Bought by
Solana Properties Llc
Seller's Agent
Amy Eaton
Keller Williams Legacy Group
Buyer's Agent
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
List Price
$188,000
Sold Price
$188,000
Current Estimated Value
$197,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,186
Avg. Annual Appreciation
0.91%
Original Mortgage
$150,400
Outstanding Balance
$144,145
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$49,172

Purchase Details

Listed on
Sep 28, 2015
Closed on
Nov 30, 2015
Sold by
Nye Scott A and Nye Cynthia
Bought by
Corridor Property Solutions Llc
Seller's Agent
Chad Gloede
RE/MAX CONCEPTS
Buyer's Agent
Amy Eaton
Keller Williams Legacy Group
List Price
$90,000
Sold Price
$83,000
Premium/Discount to List
-$7,000
-7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.29%

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bell Theodore A and Bell Laura G
Bought by
Nye Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,395
Interest Rate
5.94%
Mortgage Type
VA

Purchase Details

Closed on
Mar 27, 2001
Sold by
Kieler David L
Bought by
Bell Theodore A and Bell Laura G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,600
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2001
Sold by
Allie Thomas K and Allie Kathleen A
Bought by
Kieler David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,600
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1998
Sold by
Holub James L and Holub Judith M
Bought by
Allie Thomas K and Allie Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,924
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $188,000 Oshea & Oshea Pc
Warranty Deed $83,000 None Available
Warranty Deed $102,500 --
Joint Tenancy Deed $96,500 --
Warranty Deed $82,500 --
Warranty Deed $29,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,400 New Conventional
Previous Owner $98,608 Unknown
Previous Owner $101,600 Commercial
Previous Owner $24,275 Credit Line Revolving
Previous Owner $94,395 VA
Previous Owner $77,600 Purchase Money Mortgage
Previous Owner $29,924 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $188,000 0.0% $75 / Sq Ft
05/15/2022 05/15/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $188,000 +126.5% $75 / Sq Ft
12/01/2015 12/01/15 Sold $83,000 -7.8% $33 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $90,000 -- $36 / 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 $2,820 $187,600 $25,000 $162,600
2022 $2,694 $133,700 $25,000 $108,700
2021 $2,814 $130,000 $25,000 $105,000
2020 $2,814 $127,500 $25,000 $102,500
2019 $2,474 $114,800 $20,000 $94,800
2018 $2,142 $114,800 $20,000 $94,800
2017 $2,002 $91,900 $20,000 $71,900
2016 $2,222 $104,500 $20,000 $84,500
2015 $2,222 $113,259 $20,000 $93,259
2014 $2,410 $113,259 $20,000 $93,259
2013 $2,358 $113,259 $20,000 $93,259
Source: Public Records

Agents Affiliated with this Home

  • Amy Eaton

    Seller's Agent in 2022

    Amy Eaton

    Keller Williams Legacy Group

    (319) 981-5784

    2 in this area

    87 Total Sales

    Amy Eaton
    Section Image

  • D

    Buyer's Agent in 2022

    Donald Fieldhouse

    Cedar Rapids Area Association of REALTORS

    (239) 774-6598

    17 in this area

    4,911 Total Sales

    Donald Fieldhouse
    Section Image
  • Chad Gloede

    Seller's Agent in 2015

    Chad Gloede

    RE/MAX

    (319) 573-0697

    2 in this area

    342 Total Sales

    Chad Gloede
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1590574

Cedar Rapids Area Association of REALTORS®

APN: 14153-05014-00000

Iowa Linn County Cedar Rapids 52402 Mound View

1817 E Ave NE, Cedar Rapids, IA

This home is located at 1817 E Ave NE, Cedar Rapids, IA 52402 and is currently priced at $83,000, approximately $33 per square foot. This property was built in 1955. 1817 E Ave NE is a home located in Linn County with nearby schools including Arthur 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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