NOT LISTED FOR SALE

1931 Mount Vernon Rd SE Cedar Rapids, IA 52403

Estimated Value: $194,000 - $201,005

2 Beds
2 Baths
1,785 Sq Ft
$111/Sq Ft Est. Value

Last Sold January 11, 2023

Last sale price $180,000 $101 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,346/month

4 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • 3 Car Garage

About This Home

As of January 2023

Exceptionally well-maintained duplex close to downtown that has been owned for 40 years! Updates include fresh paint throughout, newer flooring in the upper and lower units, mostly newer windows and new roof on the house and garage in 2019! The upper unit furnace and AC are only four years old and the water heater in the lower unit is newer. Each unit has the option of their own laundry or there are laundry hook ups in the dry clean basement. Rare three car garage adds extra income potential!!

Last Listed By

Jesse Grade

SKOGMAN REALTY CORRIDOR Listed on: 12/05/2022

SKOGMAN REALTY CORRIDOR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,020

Year Built

  • 1923

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 62.5x140

Parking

  • 3 Car Garage

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,785 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,020

Year Built

1923

Lot Details

0

Listing Details

  • Acres: 0.2000
  • City Name: Cedar Rapids
  • Gross Tax: 3020
  • List User Cell Phone: 319-241-0579
  • Miscellaneous: Common Laundry-Owned, Deck/Patio, Garage, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Unit Laundry
  • Net Tax: 3020
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.97561
  • Ratio Close Price By Original Li: 0.97561
  • Ratio Current Price By Sq Ft: 100.84
  • Total Sq Ft: 1785
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Basement: Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum, Brick

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

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

Schools

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

Lot Info

  • Lot Size: 62.5x140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Jan 6, 2023
Sold by
Alma V Long Revocable Trust
Bought by
Pacific Blue Properties Llc
Seller's Agent
Jesse Grade
SKOGMAN REALTY CORRIDOR
Buyer's Agent
Teri Fleming
COLDWELL BANKER HEDGES
List Price
$184,500
Sold Price
$180,000
Premium/Discount to List
-$4,500
-2.44%
Total Days on Market
4
Views
55
Current Estimated Value
$197,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,503
Avg. Annual Appreciation
3.06%
Original Mortgage
$175,000
Outstanding Balance
$169,245
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$24,046

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
Pacific Blue Properties Llc $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pacific Blue Properties Llc $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $180,000 -2.4% $101 / Sq Ft
12/09/2022 12/09/22 Pending -- -- --
12/05/2022 12/05/22 For Sale $184,500 -- $103 / 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 $2,946 $174,600 $31,300 $143,300
2022 $2,664 $139,700 $28,100 $111,600
2021 $2,780 $128,600 $20,300 $108,300
2020 $2,780 $126,000 $20,300 $105,700
2019 $2,492 $115,600 $18,800 $96,800
2018 $2,422 $115,600 $18,800 $96,800
2017 $2,442 $114,900 $18,800 $96,100
2016 $2,442 $114,900 $18,800 $96,100
2015 $2,462 $115,742 $18,750 $96,992
2014 $2,462 $115,742 $18,750 $96,992
2013 $2,410 $115,742 $18,750 $96,992
Source: Public Records

Agents Affiliated with this Home

  • Jesse Grade

    Seller's Agent in 2023

    Jesse Grade

    SKOGMAN REALTY CORRIDOR

    (319) 241-0579

    263 Total Sales

    Jesse Grade
    Section Image
  • Teri Fleming

    Buyer's Agent in 2023

    Teri Fleming

    COLDWELL BANKER HEDGES

    (319) 491-6391

    117 Total Sales

    Teri Fleming
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2210079

Cedar Rapids Area Association of REALTORS®

APN: 14271-03049-00000

Iowa Linn County Cedar Rapids 52403

1931 Mount Vernon Rd SE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 1931 Mount Vernon Rd SE, Cedar Rapids, IA 52403 since 05 December 2022 and is currently estimated at $197,503, approximately $110 per square foot. This property was built in 1923. 1931 Mount Vernon Rd SE is a home located in Linn County with nearby schools including Grant Wood 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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