NOT LISTED FOR SALE

221 E 5th St Unit 304 Cedar Falls, IA 50613

Estimated Value: $250,000 - $289,000

2 Beds
2 Baths
1,053 Sq Ft
$150/mo HOA Fee

Last Sold March 26, 2020

Last sale price $174,500 $166 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,850/month

47 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Holmes Junior High School Rated A-
  • Heated Garage

About This Home

As of March 2020

A great investment! This awesome condo that provides downtown living at its finest is perfect for move-in, rental or vacation rental! You’ll love all the shops and entertainment within walking distance of Main St. in Cedar Falls! Comfort and easy living await you in this contemporary condo! Once inside, you’ll appreciate the open layout and amazing finishes throughout, including a private balcony! Beautiful flooring flows throughout the kitchen and living room that also showcases clean lines with a fresh look and feel. The kitchen amenities are awesome including a nicely sized center island, stainless appliances, breakfast bar seating, loads of cabinetry and ample counter space. You’ll also enjoy an abundance of built-in cabinet lighting, as well as a separate laundry room and full bathroom just off of the kitchen. Throughout the rest of this incredible condo, you have a nice private master suite with walk-in closet and full bathroom, along with a second spacious bedroom. Other amenities you’re sure to enjoy include under building heated parking with two stalls and short access to trails, shopping and more! This truly is an amazing opportunity! With Cedar Falls businesses and tourists using vacation rentals and more - this is the investment you have been waiting for! Don’t miss out on this rare find! The lifestyle is worth it!

Last Agent to Sell the Property

Amy Wienands

AWRE, EXP Realty, LLC License #B34553 Listed on: 01/09/2020

AWRE, EXP Realty, LLC

Co-Listed By

Stephanie Paxton

AWRE, EXP Realty, LLC License #S64514000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,745

Year Built

  • Built in 2014

Lot Details

  • 1,699

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • 1,053 Sq Ft Home
  • Stucco Exterior Insulation and Finish Systems
  • Shingle Roof
  • Asphalt Roof
  • Stone Siding
  • Vinyl Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Heated Garage

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 891412405009

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,745

Year Built

Built in 2014

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Parcel Number: 891412405009
  • Year Built: 2014
  • Property Sub-Type: Condominium
  • PropertyType: Residential
  • Lot Size Acres: 0.039
  • Road Surface Type: Concrete
  • Co List Office Mls Id: NBR197
  • Co List Office Phone: 319-269-2477
  • Co List Office Phone: 319-269-2477
  • MLS Status: Closed
  • Reso Fireplace Features: None
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 1053
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • BelowGradeArea: 0

Exterior Features

  • Construction Type: Brk Accent, Stone, Stucco EIFS, Vinyl Siding

Garage/Parking

  • Parking Features: 2 Stall, Heated Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Lincoln Elementary CF
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: C-3
  • Lot Dimensions: Common
  • Lot Size Sq Ft: 1676.03
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 3745

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Mar 24, 2020
Sold by
Schaffner Michael
Bought by
Burak Scott E
Seller's Agent
Amy Wienands
AWRE, EXP Realty, LLC
List Price
$179,000
Sold Price
$174,500
Premium/Discount to List
-$4,500
-2.51%
Current Estimated Value
$264,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,200
Avg. Annual Appreciation
8.69%
Original Mortgage
$157,050
Outstanding Balance
$140,626
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$135,505

Purchase Details

Closed on
Jul 7, 2017
Sold by
4D Investments Llc
Bought by
Schaffner Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Burak Scott E $174,500 Title Services
Schaffner Michael $189,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burak Scott E $157,050
Previous Owner Schaffner Michael $170,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $174,500 -2.5% $166 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $179,000 -- $170 / Sq Ft
Source: Northeast Iowa Regional Board 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 $3,622 $235,260 $4,190 $231,070
2023 $3,448 $235,260 $4,190 $231,070
2022 $3,488 $195,690 $5,030 $190,660
2021 $3,484 $195,690 $5,030 $190,660
2020 $3,412 $195,690 $5,030 $190,660
2019 $3,412 $195,690 $5,030 $190,660
2018 $3,744 $195,690 $5,030 $190,660
2017 $3,744 $202,600 $3,350 $199,250
2016 $1,126 $202,600 $3,350 $199,250
2015 $1,126 $63,730 $3,350 $60,380
2014 $68 $3,350 $3,350 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Wienands

    Seller's Agent in 2020

    Amy Wienands

    AWRE, EXP Realty, LLC

    (319) 240-7247

    327 in this area

    1,279 Total Sales

    Amy Wienands
    Section Image

  • S

    Seller Co-Listing Agent in 2020

    Stephanie Paxton

    AWRE, EXP Realty, LLC

    (319) 239-9393

    70 in this area

    310 Total Sales

    Stephanie Paxton
    Section Image
See All Agents

Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20200135

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-405-009

Iowa Black Hawk County Cedar Falls 50613

221 E 5th St Unit 304, Cedar Falls, IA

This home is located at 221 E 5th St Unit 304, Cedar Falls, IA 50613 since 09 January 2020 and is currently estimated at $264,700, approximately $251 per square foot. This property was built in 2014. 221 E 5th St Unit 304 is a home located in Black Hawk County with nearby schools including Lincoln Elementary School, Holmes Junior High School, and Cedar Falls 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.

Northeast Iowa Regional Board 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.

Nearby Homes