NOT LISTED FOR SALE

227 4th Ave SW Cedar Rapids, IA 52404

Downtown Cedar Rapids Neighborhood

Estimated Value: $123,104 - $146,000

3 Beds
1 Bath
1,440 Sq Ft
$96/Sq Ft Est. Value

Last Sold February 07, 2018

Last sale price $29,500 $20 Per Sq Ft

Est. 367% increase in value since last sale

Current estimated payment $774/month

118 Days on Market

About This Home

As of February 2018

Located in the up and coming Kingston Village neighborhood. This revitalized area benefits due to it's location close to the Red Cedar River, McGrath Amphitheater and walking trails. Over the last five years new construction has added single family homes, apartments and condominiums to the neighborhood. Walking distance to many area employers and attractions.

Last Agent to Sell the Property

Dan Wilkes

SKOGMAN REALTY Listed on: 09/15/2017

Last Buyer's Agent

Adam Stradt

RE/MAX CONCEPTS

RE/MAX CONCEPTS

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Lot Details

  • Lot Dimensions are 30 x 65

Home Design

  • 1,440 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $6,900
  • Net Operating Income $4,215

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 1485
  • Last City Inspection: 9/14/16
  • List User Cell Phone: 319-491-0567
  • Miscellaneous: Basement, Rent Permit, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water
  • Net Tax: 1485
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.49249
  • Ratio Close Price By Original Li: 0.49249
  • Ratio Current Price By Sq Ft: 20.49
  • Total Sq Ft: 1440
  • Taxable Value Tv: 68200.00
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: RMF-2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Gas Heat

Schools

  • Elementary School: Taylor
  • Middle School: Wilson
  • High School: Jefferson

Lot Info

  • Lot Size: 30 X 65

Rental Info

  • Total Expenses: 2685

Multi Family

  • Gross Income: 6900
  • Net Operating Income: 4215.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2017
Closed on
Feb 6, 2018
Sold by
Allie Thomas K
Bought by
Gutschmidt Properties Inc
Seller's Agent
Dan Wilkes
SKOGMAN REALTY
Buyer's Agent
Adam Stradt
RE/MAX CONCEPTS
List Price
$59,900
Sold Price
$29,500
Premium/Discount to List
-$30,400
-50.75%
Current Estimated Value
$137,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,276
Avg. Annual Appreciation
21.95%
Original Mortgage
$59,000
Outstanding Balance
$47,826
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$80,058
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
Gutschmidt Properties Inc $29,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutschmidt Properties Inc $59,000
Closed Gutschmidt Properties Inc $59,000
Previous Owner Kathleen A Allie Family Trust $177,866
Previous Owner Allie Thomas K $27,681
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2018 02/07/18 Sold $29,500 -50.8% $20 / Sq Ft
01/11/2018 01/11/18 Pending -- -- --
09/15/2017 09/15/17 For Sale $59,900 -- $42 / 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
2023 $121 $93,400 $10,100 $83,300
2022 $127 $80,500 $10,100 $70,400
2021 $1,526 $80,500 $10,100 $70,400
2020 $132 $69,200 $7,000 $62,200
2019 $1,470 $68,200 $6,000 $62,200
2018 $1,430 $68,200 $6,000 $62,200
2017 $1,118 $66,500 $6,000 $60,500
2016 $1,118 $52,600 $5,100 $47,500
2015 $1,122 $52,715 $5,125 $47,590
2014 $1,122 $52,715 $5,125 $47,590
2013 $1,098 $52,715 $5,125 $47,590
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Dan Wilkes

    SKOGMAN REALTY

  • A

    Buyer's Agent in 2018

    Adam Stradt

    RE/MAX

    (319) 573-9668

    70 Total Sales

    Adam Stradt
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1708612

Cedar Rapids Area Association of REALTORS®

APN: 14282-56007-00000

Iowa Linn County Cedar Rapids 52404 Downtown Cedar Rapids

227 4th Ave SW, Cedar Rapids, IA

This home is located at 227 4th Ave SW, Cedar Rapids, IA 52404 since 15 September 2017 and is currently estimated at $137,776, approximately $95 per square foot. This property was built in 1910. 227 4th Ave SW is a home located in Linn County with nearby schools including Cedar River Academy at Taylor Elementary School, Wilson Middle School, 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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