NOT LISTED FOR SALE

203* 27th St NW Cedar Rapids, IA 52405

Estimated Value: $148,096 - $267,000

4 Beds
2 Baths
1,972 Sq Ft
$113/Sq Ft Est. Value

Last Sold January 30, 2015

Last sale price $101,250 $51 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,379/month

11 Days on Market

About This Home

As of January 2015

*INCLUDES 205 27TH ST NW, SIDE BY SIDE DUPLEX. Incredible value on these hard to find side by side 2 bedroom duplexes with nearly 1000 sf per unit PLUS full basements including 2 stall tandem style garages in each unit! ALL UTILITIES ARE SEPARATE and current rents are FAR BELOW current market rates so the income potential is far higher than current financial figures show. Tons of additional off street parking. Zero maintenance all stone exteriors. Total of 4 duplex units and one 3 bedroom, 2 bath ranch with 2 stall garage are offered, each priced at $110,000. Seller will consider bulk sale. Fully Occupied. Check with listing agent regarding possible tenants rights.

Last Agent to Sell the Property

Curtis Cleveland

Realty87 Listed on: 11/06/2014

Realty87

Last Buyer's Agent

Jeremy Johannes

Epique Realty

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,364

Year Built

  • 1953

Parking

  • 6 Car Garage

Home Design

  • 1,972 Sq Ft Home
  • Stone Exterior Construction
  • Masonry

Utilities

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

Additional Features

  • Laundry in unit
  • Lot Dimensions are 102 x 135

Listing and Financial Details

  • Tenant pays for electricity, gas, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,364

Year Built

1953

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2364
  • List User Cell Phone: 319-360-0708
  • Miscellaneous: Basement, Garage, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Ten Storag, Unit Laundry
  • Net Tax: 2364
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.92045
  • Ratio Close Price By Original Li: 0.92045
  • Ratio Current Price By Sq Ft: 51.34
  • Total Sq Ft: 1972
  • Style St: Side/Side
  • Tax Roll Number: 143027701000000
  • Tenants Responsibilities Include: Electricity, Gas, Water
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: MULTI
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Exterior Features

  • Construction Methods: Masonry Frm
  • Exterior: Concrete Block, Stone

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

  • Elementary School: Cleveland
  • Middle School: Roosevelt
  • High School: Jefferson

Lot Info

  • Lot Size: 102 X 135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2014
Closed on
Jan 28, 2015
Sold by
Lesmeister Real Estate Investments Inc
Bought by
Scottsman Properties Llc
Seller's Agent
Curtis Cleveland
Realty87
Buyer's Agent
Jeremy Johannes
Epique Realty
List Price
$110,000
Sold Price
$101,250
Premium/Discount to List
-$8,750
-7.95%
Current Estimated Value
$222,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,524
Avg. Annual Appreciation
7.68%
Original Mortgage
$81,000
Outstanding Balance
$62,131
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$160,643
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
Scottsman Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scottsman Properties Llc $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2015 01/30/15 Sold $101,250 -8.0% $51 / Sq Ft
11/17/2014 11/17/14 Pending -- -- --
11/06/2014 11/06/14 For Sale $110,000 -- $56 / 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
2025 $2,378 $148,200 $44,700 $103,500
2024 $2,490 $140,500 $40,900 $99,600
2023 $2,490 $134,400 $40,900 $93,500
2022 $2,360 $118,100 $35,000 $83,100
2021 $2,376 $113,900 $35,000 $78,900
2020 $2,376 $107,700 $31,100 $76,600
2019 $2,494 $115,700 $31,100 $84,600
2018 $2,426 $115,700 $31,100 $84,600
2017 $2,460 $113,000 $31,100 $81,900
2016 $2,402 $113,000 $31,100 $81,900
2015 $2,414 $113,491 $31,129 $82,362
2014 $2,414 $113,491 $31,129 $82,362
2013 $2,364 $113,491 $31,129 $82,362
Source: Public Records

Agents Affiliated with this Home

  • Curtis Cleveland

    Seller's Agent in 2015

    Curtis Cleveland

    Realty87

    (319) 360-0708

    149 Total Sales

    Curtis Cleveland
    Section Image
  • Jeremy Johannes

    Buyer's Agent in 2015

    Jeremy Johannes

    Epique Realty

    (319) 253-2555

    186 Total Sales

    Jeremy Johannes
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1407511

Cedar Rapids Area Association of REALTORS®

APN: 14302-77011-00000

Iowa Linn County Cedar Rapids 52405

203* 27th St NW, Cedar Rapids, IA

This home is located at 203* 27th St NW, Cedar Rapids, IA 52405 since 06 November 2014 and is currently estimated at $222,774, approximately $112 per square foot. This property was built in 1953. 203* 27th St NW is a home located in Linn County with nearby schools including Cleveland Elementary School, Roosevelt Creative Corridor Business Academy, and Thomas Jefferson 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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