NOT LISTED FOR SALE

1935 B Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $193,000 - $218,000

4 Beds
3 Baths
2,052 Sq Ft
$98/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $167,000 $81 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,111/month

56 Days on Market

About This Home

As of October 2021

GREAT INVESTMENT! TWO 2 BEDROOM TOWNHOUSE STYLE UNITS WITH BASEMENTS. BOTH UNITS ARE RENTED & CURRENT RENT IS $750/MO, EACH UNIT. NEW ROOFS IN 2020. PROPERTY IS BEING SOLD “AS IS”, EXCEPT FOR SIDING WHICH WILL BE REPLACED. THERE IS A 2 CAR DETACHED GARAGE. * * RENTAL, 24 HOUR NOTICE REQUIRED. SEE AGENT REMARKS FOR SCHEDULING INSTRUCTINOS. * *

Last Agent to Sell the Property

Steve Mcvay

RE/MAX CONCEPTS Listed on: 04/30/2021

RE/MAX CONCEPTS

Last Buyer's Agent

Amber Pitt

Keller Williams Legacy Group

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,224

Year Built

  • 1970

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • Garage

Home Design

  • 2,052 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Central Air

Community Details

  • Gross Income $17,032
  • Net Operating Income $13,206

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,224

Year Built

1970

Lot Details

0

Listing Details

  • Acres: 0.1720
  • City Name: Cedar Rapids
  • Gross Tax: 3224
  • List User Cell Phone: 319-431-8663
  • Miscellaneous: Basement, Garage
  • Net Tax: 3224
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.95429
  • Ratio Close Price By Original Li: 0.90270
  • Ratio Current Price By Sq Ft: 81.38
  • Total Sq Ft: 2052
  • Style St: Side/Side
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Central Air

Schools

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

Lot Info

  • Lot Size: 50 X 150

Rental Info

  • Total Expenses: 3826

Multi Family

  • Gross Income: 17032
  • Net Operating Income: 13206.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Oct 11, 2021
Sold by
Wilson Austin
Bought by
1935 B Ave Llc
Seller's Agent
Steve Mcvay
RE/MAX CONCEPTS
Buyer's Agent
Amber Pitt
Keller Williams Legacy Group
List Price
$185,000
Sold Price
$167,000
Premium/Discount to List
-$18,000
-9.73%
Current Estimated Value
$201,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,953
Avg. Annual Appreciation
5.02%
Original Mortgage
$167,000
Outstanding Balance
$152,948
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$49,005

Purchase Details

Listed on
Apr 30, 2021
Closed on
Sep 29, 2021
Sold by
Mnj Chambers Llc
Bought by
Wilson Austin
Seller's Agent
Steve Mcvay
RE/MAX CONCEPTS
Buyer's Agent
Amber Pitt
Keller Williams Legacy Group
List Price
$185,000
Sold Price
$167,000
Premium/Discount to List
-$18,000
-9.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Outstanding Balance
$152,948
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$49,005

Purchase Details

Closed on
Sep 1, 2016
Sold by
Equity Trust Company As Custodian For Be
Bought by
Mnj Chambers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2008
Sold by
Haakinson Land Llc
Bought by
Peterson Chad D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,700
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 2, 2001
Sold by
Ogden Jean M
Bought by
Brunsting Catherine
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
1935 B Ave Llc -- None Available
1935 B Ave Llc -- None Listed On Document
Wilson Austin $167,000 None Listed On Document
Mnj Chambers Llc -- None Available
Peterson Chad D $139,500 None Available
Brunsting Catherine $79,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1935 B Ave Llc $167,000
Previous Owner Mnj Chambers Llc $104,000
Previous Owner Peterson Chad D $88,500
Previous Owner Peterson Chad D $97,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $167,000 -4.6% $81 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
05/12/2021 05/12/21 Price Changed $175,000 -5.4% $85 / Sq Ft
04/30/2021 04/30/21 For Sale $185,000 +48.0% $90 / Sq Ft
09/02/2014 09/02/14 Sold $125,000 -10.7% $63 / Sq Ft
07/27/2014 07/27/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $139,950 -- $70 / 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 $121 $174,700 $34,400 $140,300
2022 $3,332 $165,900 $30,600 $135,300
2021 $3,312 $160,800 $30,600 $130,200
2020 $3,312 $150,100 $25,500 $124,600
2019 $3,124 $144,900 $25,500 $119,400
2018 $3,036 $144,900 $25,500 $119,400
2017 $2,590 $142,100 $25,500 $116,600
2016 $2,590 $121,800 $25,500 $96,300
2015 $2,694 $126,621 $25,500 $101,121
2014 $2,694 $132,511 $25,500 $107,011
2013 $3,218 $132,511 $25,500 $107,011
Source: Public Records

Agents Affiliated with this Home

  • Steve Mcvay

    Seller's Agent in 2021

    Steve Mcvay

    RE/MAX

    2 in this area

    46 Total Sales

    Section Image

  • A

    Buyer's Agent in 2021

    Amber Pitt

    Keller Williams Legacy Group

    (319) 651-2539

    1 in this area

    68 Total Sales

    Section Image

  • G

    Seller's Agent in 2014

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2102753

Cedar Rapids Area Association of REALTORS®

APN: 14154-51007-00000

Iowa Linn County Cedar Rapids 52402 Mound View

1935 B Ave NE, Cedar Rapids, IA

This home is located at 1935 B Ave NE, Cedar Rapids, IA 52402 since 30 April 2021 and is currently estimated at $201,953, approximately $98 per square foot. This property was built in 1970. 1935 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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