NOT LISTED FOR SALE

2009 Davis St Iowa City, IA 52240

Wetherby Neighborhood

Estimated Value: $196,000 - $253,196

4 Beds
2 Baths
2,068 Sq Ft
$104/Sq Ft Est. Value

Last Sold July 03, 2017

Last sale price $135,000 $65 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,447/month

6 Days on Market

Highlights

  • Forced Air Cooling System
  • City High School Rated A-
  • Fenced

About This Home

As of July 2017

Well-maintained duplex with excellent rental history and very good return rate. Many updates have been done in the last few years, including carpet replacement, backyard fence, windows, and exterior sump pump. Rental permit valid through June 30, 2018. Tenants pay all utilities. Based on market rate, rent could be increased by new owner. 2009 Davis includes a washer/dryer, but 2011 Davis does not (but it has hook-ups).

Last Agent to Sell the Property

Shaner Magalhaes

Urban Acres Real Estate Corridor Listed on: 03/29/2017

Urban Acres Real Estate Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,780

Year Built

  • 1972

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 79 x 135
  • Fenced

Parking

  • 4 Parking Spaces

Home Design

  • 2,068 Sq Ft Home
  • Frame Construction

Utilities

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

Community Details

  • Gross Income $18,900
  • Net Operating Income $14,421

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,780

Year Built

1972

Lot Details

0

Listing Details

  • Acres: 0.2400
  • City Name: Iowa City
  • Expense Info: Owner Provided
  • Gross Tax: 2780
  • Last City Inspection: Sept 16'
  • List User Cell Phone: 319-621-8677
  • Miscellaneous: Basement, Fencing, Parking Spaces, Rent Permit, Sep. Meter – Electric
  • Net Tax: 2780
  • Noof Units Three Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.98182
  • Ratio Close Price By Original Li: 0.98182
  • Ratio Current Price By Sq Ft: 65.28
  • Total Sq Ft: 2068
  • Style St: Side/Side
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: RS12
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

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

Schools

  • Elementary School: Alexander
  • Middle School: Southeast
  • High School: City

Lot Info

  • Lot Size: 79 X 135

Rental Info

  • Total Expenses: 4479

Multi Family

  • Gross Income: 18900
  • Net Operating Income: 14421.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2017
Sold by
Burke Jeremiah J and Burke Elizebeth G
Bought by
House Of Burke Llc
Current Estimated Value
$216,049

Purchase Details

Listed on
Mar 29, 2017
Closed on
Jun 28, 2017
Sold by
Harris Investment Properties Llc
Bought by
Burke Elizabeth G and Burke Jeremiah J
Seller's Agent
Shaner Magalhaes
Urban Acres Real Estate Corridor
List Price
$137,500
Sold Price
$135,000
Premium/Discount to List
-$2,500
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$13,500
Outstanding Balance
$11,286
Interest Rate
3.94%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Estimated Equity
$195,990

Purchase Details

Listed on
Feb 24, 2012
Closed on
Jun 8, 2012
Sold by
Trg Development Llc
Bought by
Harris Investment Properties Llc
Seller's Agent
MARK CHAMBLISS
Ambrose & Associates, REALTORS
Buyer's Agent
Shaner Magalhaes
Urban Acres Real Estate Corridor
List Price
$124,900
Sold Price
$119,500
Premium/Discount to List
-$5,400
-4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%
Original Mortgage
$100,000
Interest Rate
3.87%
Mortgage Type
Future Advance Clause Open End Mortgage
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
House Of Burke Llc -- None Available
Burke Elizabeth G -- None Available
Harris Investment Properties Llc $119,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Elizabeth G $13,500
Open Burke Elizabeth G $114,750
Previous Owner Harris Investment Properties Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2017 07/03/17 Sold $135,000 -1.8% $65 / Sq Ft
04/04/2017 04/04/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $137,500 +15.1% $66 / Sq Ft
06/08/2012 06/08/12 Sold $119,500 -4.3% $79 / Sq Ft
05/29/2012 05/29/12 Pending -- -- --
02/24/2012 02/24/12 For Sale $124,900 -- $82 / 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
2024 $3,226 $171,510 $53,910 $117,600
2023 $3,446 $171,510 $53,910 $117,600
2022 $3,292 $158,960 $50,310 $108,650
2021 $3,228 $158,960 $50,310 $108,650
2020 $3,228 $149,330 $46,720 $102,610
2019 $2,908 $149,330 $46,720 $102,610
2018 $2,908 $132,370 $39,530 $92,840
2017 $2,878 $132,370 $39,530 $92,840
2016 $2,780 $128,950 $32,350 $96,600
2015 $2,780 $128,950 $32,350 $96,600
2014 $2,712 $125,420 $32,350 $93,070
Source: Public Records

Agents Affiliated with this Home

  • Shaner Magalhaes

    Seller's Agent in 2017

    Shaner Magalhaes

    Urban Acres Real Estate Corridor

    (319) 621-8677

    1 in this area

    73 Total Sales

    Shaner Magalhaes
    Section Image

  • M

    Seller's Agent in 2012

    MARK CHAMBLISS

    Ambrose & Associates, REALTORS

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1703282

Cedar Rapids Area Association of REALTORS®

APN: 1023241010

Iowa Johnson County Iowa City 52240 Wetherby

2009 Davis St, Iowa City, IA

This home is located at 2009 Davis St, Iowa City, IA 52240 since 29 March 2017 and is currently estimated at $216,049, approximately $104 per square foot. This property was built in 1972. 2009 Davis St is a home located in Johnson County with nearby schools including Southeast Junior High School, City High School, and Willowwind 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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