NOT LISTED FOR SALE

1935 B Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $195,000 - $208,473

4 Beds
3 Baths
2,052 Sq Ft
$99/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2021

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

Est. 22% increase in value since last sale

Current estimated payment $1,350 / mo

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

7,492 Sq Ft Lot

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

Lot Info

  • Lot Size: 50 X 150

Rental Info

  • Total Expenses: 3826

Multi Family

  • Gross Income: 17032
  • Net Operating Income: 13206.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Oct 11, 2021
Sold by
Bought by
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
$203,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,368
Avg. Annual Appreciation
4.23%
Original Mortgage
$167,000
Outstanding Balance
$152,288
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$51,080

Purchase Details

Listed on
Apr 30, 2021
Closed on
Sep 29, 2021
Sold by
Bought by
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
$152,288
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$51,080

Purchase Details

Closed on
Sep 1, 2016
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Listed On Document
$167,000 None Listed On Document
-- None Available
$139,500 None Available
$79,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $167,000
Previous Owner $104,000
Previous Owner $97,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,092 $196,400 $37,000 $159,400
2024 $121 $174,700 $34,400 $140,300
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

    3 in this area

    43 Total Sales

    Steve Mcvay
    Section Image

  • A

    Buyer's Agent in 2021

    Amber Pitt

    Keller Williams Legacy Group

    (319) 651-2539

    5 in this area

    75 Total Sales

    Amber Pitt
    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

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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