$150,000
SOLD SEP 30, 2021

1927 Mount Vernon Rd SE Cedar Rapids, IA 52403

-- Bed
-- Bath
3,220 Sq Ft
0.34 Acres

Recently Sold

$47 Per Sq Ft

6% Below List Price

65 Days on Market

About This Home

As of September 2021

If you have ever had a desire to become a landlord here is your sign!!! So much property for the money with great rental income 1927 main unit apartment has laundry access in the lower level. The current owners have done some refreshing to kitchens and baths during their ownership and has done a great job maintaining these two units. Units are currently month to month rentals, main level units $650/mo and upper units $575/mo. Sale includes two parcels: 142710300500000/142710300400000

Last Agent to Sell the Property

Brooke Zrudsky

Pinnacle Realty LLC

Pinnacle Realty LLC

Co-Listed By

Barry Frink

Pinnacle Realty LLC

Last Buyer's Agent

Ryan Eighme

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,108

Year Built

  • 1900

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 105 x 140

Parking

  • 4 Parking Spaces

Home Design

  • 3,220 Sq Ft Home
  • Frame Construction

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,108

Year Built

1900

Lot Details

0

Listing Details

  • Acres: 0.3380
  • City Name: Cedar Rapids
  • Gross Tax: 3108
  • List User Cell Phone: 319-899-2565
  • Miscellaneous: Basement, Parking Spaces, Ten Storag
  • Net Tax: 3108
  • Noof Units One Bedroom: 3
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.93809
  • Ratio Close Price By Original Li: 0.93809
  • Ratio Current Price By Sq Ft: 46.58
  • Total Sq Ft: 3220
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Cooling: Hot Water Heat

Schools

  • Elementary School: Grant Wood
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: 105 X 140

Rental Info

  • Owner Pays: Water, Electricity, Gas

Map

Range of Values:

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Average Value
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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

Mortgage History

Date Status Loan Amount Loan Type
Closed $144,000 Stand Alone Refi Refinance Of Original Loan
Closed $65,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $150,000 -6.2% $47 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $159,900 +42.8% $50 / Sq Ft
12/20/2018 12/20/18 Sold $112,000 +68.4% $61 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
10/10/2018 10/10/18 Price Changed $66,500 -3.6% $36 / Sq Ft
09/19/2018 09/19/18 For Sale $69,000 +15.0% $38 / Sq Ft
06/22/2017 06/22/17 Sold $60,000 -4.0% $35 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $62,500 -- $37 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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 $1,976 $93,900 $30,900 $63,000
2022 $1,738 $93,700 $28,400 $65,300
2021 $1,720 $83,900 $20,500 $63,400
2020 $1,720 $78,000 $20,500 $57,500
2019 $1,562 $72,500 $18,900 $53,600
2018 $1,520 $72,500 $18,900 $53,600
2017 $1,648 $77,500 $18,900 $58,600
2016 $1,648 $77,500 $18,900 $58,600
2015 $1,720 $80,860 $18,900 $61,960
2014 $1,720 $80,860 $18,900 $61,960
2013 $1,684 $80,860 $18,900 $61,960
Source: Public Records

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2104203

Cedar Rapids Area Association of REALTORS®

APN: 14271-03004-00000