$55,000
SOLD SEP 10, 2019

1836 Park Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood
-- Bed
-- Bath
1,824 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$30 Per Sq Ft

26% Below List Price

54 Days on Market

About This Home

As of October 2022

Investor alert! This multi family duplex is just waiting for your special touch! Convenient location close to downtown and I-380 with on street parking. Beautiful hardwood floors throughout most of the units. Upper unit kitchen is updated. Each unit features a formal dining room and living room with a full bath!

Last Agent to Sell the Property

Ali Fortin

Pinnacle Realty LLC Listed on: 05/17/2019

Pinnacle Realty LLC

Last Buyer's Agent

Jim Zachar

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Year Built

  • 1905

Lot Details

  • Lot Dimensions are 30 x 70

Home Design

  • 1,824 Sq Ft Home
  • Frame Construction

Utilities

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

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 1504
  • Net Tax: 1668
  • Noof Units One Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.85938
  • Ratio Close Price By Original Li: 0.74324
  • Ratio Current Price By Sq Ft: 30.15
  • Total Sq Ft: 1824
  • Style St: Upper/Lower
  • Taxable Value Tv: 71800.00
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Exterior Features

  • Construction Methods: Frame

Utilities

  • Heating Cooling: Gas Heat, Window/Wall Air

Schools

  • Elementary School: Johnson
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: 30 X 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2020
Sold by
Reed Eric J
Bought by
Reed Ventures Llc
Current Estimated Value
$117,000

Purchase Details

Listed on
May 17, 2019
Closed on
Aug 7, 2019
Sold by
Greenstate Credit Union
Bought by
Reed Eric J
Seller's Agent
Ali Fortin
Pinnacle Realty LLC
Buyer's Agent
Jim Zachar
Realty87
List Price
$74,000
Sold Price
$55,000
Premium/Discount to List
-$19,000
-25.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.71%
Original Mortgage
$72,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 5, 2019
Sold by
Gruner Juston Michael and Gruner Bethany D
Bought by
University Of Iowa Community Cu

Purchase Details

Closed on
Apr 27, 2017
Sold by
Gruner Lonnie J
Bought by
Gruner Juston M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 5, 2006
Sold by
Midamerica Housing Partnership
Bought by
Gruner Lonnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
6.68%
Mortgage Type
Unknown
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
Interfamily Deed Transfer -- None Available
Warranty Deed $55,000 None Available
Sheriffs Deed $101,131 None Available
Warranty Deed $84,000 None Available
Corporate Deed $65,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $93,750 New Conventional
Closed $72,000 Future Advance Clause Open End Mortgage
Previous Owner $75,600 Adjustable Rate Mortgage/ARM
Previous Owner $39,662 Stand Alone Refi Refinance Of Original Loan
Previous Owner $26,500 Credit Line Revolving
Previous Owner $47,500 New Conventional
Previous Owner $19,100 Credit Line Revolving
Previous Owner $51,000 Unknown
Previous Owner $200,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2022 10/05/22 Sold $127,200 -4.4% $70 / Sq Ft
07/31/2022 07/31/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $133,000 +4.6% $73 / Sq Ft
07/01/2022 07/01/22 Off Market $127,200 -- --
06/24/2022 06/24/22 Price Changed $133,000 -8.3% $73 / Sq Ft
06/07/2022 06/07/22 Price Changed $145,000 -6.4% $79 / Sq Ft
05/19/2022 05/19/22 Price Changed $154,900 -1.7% $85 / Sq Ft
04/28/2022 04/28/22 Price Changed $157,500 -4.5% $86 / Sq Ft
04/01/2022 04/01/22 For Sale $164,900 +199.8% $90 / Sq Ft
09/10/2019 09/10/19 Sold $55,000 -14.1% $30 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
06/28/2019 06/28/19 Price Changed $64,000 -7.2% $35 / Sq Ft
06/03/2019 06/03/19 Price Changed $69,000 -6.8% $38 / Sq Ft
05/17/2019 05/17/19 For Sale $74,000 -- $41 / 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 $1,928 $114,500 $16,300 $98,200
2022 $1,790 $91,400 $14,700 $76,700
2021 $1,886 $86,400 $11,600 $74,800
2020 $1,886 $85,500 $10,500 $75,000
2019 $1,724 $85,500 $10,500 $75,000
2018 $1,669 $71,800 $10,500 $61,300
2017 $1,498 $78,100 $10,800 $67,300
2016 $1,498 $70,500 $10,800 $59,700
2015 $1,460 $68,650 $10,840 $57,810
2014 $1,460 $75,991 $10,840 $65,151
2013 $1,582 $75,991 $10,840 $65,151
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Griffin Karr

    Midwest Asset Group

    (319) 800-1121

    3 in this area

    4 Total Sales

    Section Image

  • J

    Buyer's Agent in 2022

    Josie Ashmore

    Fathom Realty

    Section Image

  • A

    Seller's Agent in 2019

    Ali Fortin

    Pinnacle Realty LLC

    (319) 601-9868

    4 in this area

    90 Total Sales

    Section Image
  • Jim Zachar

    Buyer's Agent in 2019

    Jim Zachar

    Realty87

    (319) 389-0008

    2 in this area

    119 Total Sales

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1903709

Cedar Rapids Area Association of REALTORS®

APN: 14221-54023-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1836 Park Ave SE, Cedar Rapids, IA

This home is located at 1836 Park Ave SE, Cedar Rapids, IA 52403 and is currently priced at $55,000, approximately $30 per square foot. This property was built in 1905. 1836 Park Ave SE is a home located in Linn County with nearby schools including Johnson Elementary School, McKinley STEAM Academy, 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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