NOT LISTED FOR SALE

1837 B Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $191,000 - $222,762

4 Beds
2 Baths
1,800 Sq Ft
$114/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $195,000 $108 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,139/month

13 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • 2 Car Garage

About This Home

As of July 2024

Here is a great investment opportunity! This home has two units that mirror each other. One unit is currently vacant so it is easy to show. Basement can also be easily finished off to add living spaces to both units. Need a 24hr notice to show the second unit. Listing agent is owner. Owner is a licensed Realtor in the state of Iowa.

Last Agent to Sell the Property

Jeremy Wilson

Infiniti Realty Listed on: 05/15/2024

Last Buyer's Agent

Jeremy Wilson

Infiniti Realty Listed on: 05/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,271

Year Built

  • 1995

Parking

  • 2 Car Garage

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,800 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Additional Features

  • Deck
  • Lot Dimensions are 50 x 165

Community Details

  • Gross Income $1,825
  • Net Operating Income $1,825

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,271

Year Built

1995

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 3271
  • List User Cell Phone: 319-929-5595
  • Miscellaneous: Deck/Patio, Garage, Parking Spaces
  • Net Tax: 3271
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.02686
  • Ratio Close Price By Original Li: 1.02686
  • Ratio Current Price By Sq Ft: 108.33
  • Total Sq Ft: 1800
  • Style St: Side/Side
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1995

Interior Features

  • Basement: Full, Pour

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

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

Schools

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

Lot Info

  • Lot Size: 50 X 165

Multi Family

  • Gross Income: 1825
  • Net Operating Income: 1825.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 8, 2024
Sold by
Wilson Property Management Llc
Bought by
Lahun Lahun Umaru Umaru and Lahun Mabor
Seller's Agent
Jeremy Wilson
Infiniti Realty
Buyer's Agent
Jeremy Wilson
Infiniti Realty
List Price
$189,900
Sold Price
$195,000
Premium/Discount to List
$5,100
2.69%
Views
22
Current Estimated Value
$204,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,441
Avg. Annual Appreciation
3.32%
Original Mortgage
$199,192
Outstanding Balance
$197,696
Interest Rate
7.03%
Mortgage Type
VA
Estimated Equity
$4,640

Purchase Details

Closed on
Dec 17, 2020
Sold by
Rrt Properties Llc
Bought by
Wilson Property Management Llc

Purchase Details

Listed on
Sep 14, 2016
Closed on
Nov 28, 2016
Sold by
Bowers Julie L
Bought by
Rrt Properties Llc
Seller's Agent
Jan Hullaby
KW Advantage
Buyer's Agent
Jeremy Wilson
Infiniti Realty
List Price
$140,000
Sold Price
$100,000
Premium/Discount to List
-$40,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%
Original Mortgage
$139,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 16, 2012
Closed on
Aug 22, 2013
Sold by
Wooge Enterprises Llc
Bought by
Bowers Julie L
Seller's Agent
Rick Kullander
SKOGMAN REALTY
Buyer's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$165,000
Sold Price
$143,000
Premium/Discount to List
-$22,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.36%

Purchase Details

Closed on
Sep 16, 2009
Sold by
Wooge Courtney
Bought by
Wooge Enterprises Llc

Purchase Details

Closed on
Nov 27, 2006
Sold by
Sickels Enterprises Llc
Bought by
Wooge Courtney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.4%
Mortgage Type
Commercial
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
Lahun Lahun Umaru Umaru $195,000 None Listed On Document
Wilson Property Management Llc -- None Available
Rrt Properties Llc $100,000 None Available
Bowers Julie L $143,000 None Available
Wooge Enterprises Llc -- None Available
Wooge Courtney $154,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lahun Lahun Umaru Umaru $199,192
Previous Owner Rrt Properties Llc $139,000
Previous Owner Rrt Properties Llc $139,000
Previous Owner Wooge Enterprises Llc $117,600
Previous Owner Wooge Courtney $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $195,000 +2.7% $108 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $189,900 +89.9% $106 / Sq Ft
11/29/2016 11/29/16 Sold $100,000 -28.6% $56 / Sq Ft
10/20/2016 10/20/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $140,000 -2.1% $78 / Sq Ft
08/23/2013 08/23/13 Sold $143,000 -13.3% $68 / Sq Ft
07/09/2013 07/09/13 Pending -- -- --
03/16/2012 03/16/12 For Sale $165,000 -- $79 / 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 $298 $182,900 $26,300 $156,600
2022 $181 $147,200 $26,300 $120,900
2021 $3,146 $143,200 $26,300 $116,900
2020 $3,146 $142,600 $26,300 $116,300
2019 $2,770 $128,500 $21,000 $107,500
2018 $2,406 $128,500 $21,000 $107,500
2017 $2,392 $109,800 $21,000 $88,800
2016 $2,664 $125,300 $21,000 $104,300
2015 $2,854 $129,196 $21,000 $108,196
2014 $3,544 $129,196 $21,000 $108,196
2013 $2,690 $129,196 $21,000 $108,196
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jeremy Wilson

    Infiniti Realty

    (319) 929-5595

    3 in this area

    20 Total Sales

    Jeremy Wilson
    Section Image
  • Jan Hullaby

    Seller's Agent in 2016

    Jan Hullaby

    KW Advantage

    (319) 573-4031

    48 Total Sales

    Jan Hullaby
    Section Image

  • R

    Seller's Agent in 2013

    Rick Kullander

    SKOGMAN REALTY

  • G

    Buyer's Agent in 2013

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2403358

Cedar Rapids Area Association of REALTORS®

APN: 14154-56011-00000

Iowa Linn County Cedar Rapids 52402 Mound View

1837 B Ave NE, Cedar Rapids, IA

This home is located at 1837 B Ave NE, Cedar Rapids, IA 52402 since 15 May 2024 and is currently estimated at $204,441, approximately $113 per square foot. This property was built in 1995. 1837 B 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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