$59,950
SOLD APR 16, 2019

216 16th St SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood
4 Beds
2 Baths
2,366 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$25 Per Sq Ft

8% Below List Price

15 Days on Market

Highlights

  • Living Room
  • Forced Air Heating System
  • Ceiling Fan
  • Property is near schools
  • Dining Room

About This Home

As of April 2024

Great upper/lower duplex with positive cash flow. Currently rented with long-term tenants who are interested in staying. Two spacious 2-bedroom units with 1 bathroom each. Both have gorgeous original wood floors. All the original trim was previously stripped and refinished. Lovely large dining room with original built-ins. Beautiful, large foyer in each apartment, open to the living rooms. A large, walk-up attic space has nice potential for future use. The 2nd floor has a cute balcony off the kitchen.

Last Agent to Sell the Property

Josie Ashmore

Pinnacle Realty Listed on: 02/06/2019

Pinnacle Realty

Last Buyer's Agent

Jim Zachar

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,512

Year Built

  • Built in 1912

Interior Spaces

  • 2,366 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room

Location

  • Property is near schools
  • Property is near shops

Schools

  • Johnson Elementary School
  • Mckinley Middle School
  • Washington High School

Additional Features

  • Lot Dimensions are 70 x 60
  • Forced Air Heating System

Community Details

  • 2 Units
  • Bever Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 142220900600000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,512

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Great upper/lower duplex with positive cash flow. Currently rented with long-term tenants who are interested in staying. Two spacious 2-bedroom units with 1 bathroom each. Both have gorgeous original wood floors. All the original trim was previously stripped and refinished. Lovely large dining room with original built-ins. Beautiful, large foyer in each apartment, open to the living rooms. A large, walk-up attic space has nice potential for future use. The 2nd floor has a cute balcony off the kitchen.
  • Year Built: 1912
  • Tax Year Report: 1272
  • Subdivision: Bever Park
  • Rental Permit: Yes
  • Directions: 2nd Ave. or 3rd Ave. to 16th St.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Close to School, Close to Shopping
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 2366

Utilities

  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Forced Air

Schools

  • Elementary School: Johnson
  • Middle School: Mckinley
  • High School: Washington
  • High School: Washington
  • Jr Middle School: Mckinley
  • Elementary School: Johnson

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 70 X 60
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 1272
  • Assessor Parcel Number: 142220900600000

Multi Family

  • Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2019
Closed on
Apr 15, 2019
Sold by
Barton Paula J
Bought by
Reed Eric J
Seller's Agent
Josie Ashmore
Pinnacle Realty
Buyer's Agent
Jim Zachar
Realty87
List Price
$64,900
Sold Price
$59,950
Premium/Discount to List
-$4,950
-7.63%
Current Estimated Value
$112,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,484
Avg. Annual Appreciation
10.57%
Original Mortgage
$47,960
Interest Rate
4.2%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $60,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $47,960 New Conventional
Previous Owner $47,960 Future Advance Clause Open End Mortgage
Previous Owner $60,900 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $125,000 +0.1% $53 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $124,900 -0.1% $53 / Sq Ft
02/29/2024 02/29/24 Off Market $125,000 -- --
10/23/2023 10/23/23 For Sale $124,900 +108.3% $53 / Sq Ft
04/16/2019 04/16/19 Sold $59,950 -7.6% $25 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $64,900 -- $27 / Sq Ft
Source: Iowa City 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 $1,512 $77,600 $16,500 $61,100
2022 $1,318 $71,700 $16,500 $55,200
2021 $1,360 $63,600 $13,900 $49,700
2020 $1,360 $61,600 $13,900 $47,700
2019 $1,272 $59,000 $12,200 $46,800
2018 $1,236 $59,000 $12,200 $46,800
2017 $1,242 $58,400 $12,200 $46,200
2016 $1,242 $58,400 $12,200 $46,200
2015 $1,356 $63,727 $12,152 $51,575
2014 $1,356 $63,727 $12,152 $51,575
2013 $1,326 $63,727 $12,152 $51,575
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Griffin Karr

    Midwest Asset Group

    (319) 800-1121

    3 in this area

    4 Total Sales

    Griffin Karr
    Section Image
  • Jaime Hymer

    Buyer's Agent in 2024

    Jaime Hymer

    Pinnacle Realty LLC

    (319) 440-7245

    10 in this area

    302 Total Sales

    Jaime Hymer
    Section Image

  • J

    Seller's Agent in 2019

    Josie Ashmore

    Pinnacle Realty

    Section Image
  • Jim Zachar

    Buyer's Agent in 2019

    Jim Zachar

    Realty87

    (319) 389-0008

    2 in this area

    122 Total Sales

    Jim Zachar
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20190783

Iowa City Area Association of REALTORS®

APN: 14222-09006-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

216 16th St SE, Cedar Rapids, IA

This home is located at 216 16th St SE, Cedar Rapids, IA 52403 and is currently priced at $59,950, approximately $25 per square foot. This property was built in 1912. 216 16th St SE is a home located in Linn County with nearby schools including Johnson 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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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