NOT LISTED FOR SALE

2276 Mitvalsky Ct SE Cedar Rapids, IA 52403

Estimated Value: $334,000 - $462,000

5 Beds
5 Baths
4,428 Sq Ft
$86/Sq Ft Est. Value

Last Sold February 07, 2017

Last sale price $247,000 $56 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,504/month

80 Days on Market

Highlights

  • Deck
  • Hot Water Heating System
  • Fenced
  • Central Air
  • 2 Car Garage

About This Home

As of February 2017

One-of-a-kind Duplex located in a great neighborhood. This property has been tastefully renovated. Improvements include; new carpet throughout, new kitchen cabinets and countertop, hardwood floors [on one side], and many more. Could be a great opportunity for an owner occupied duplex with room to grow. Currently vacant but should lease up quickly for interested investors. Separately metered water & electric with separate laundry facilities.

Last Listed By

Aric Engel

Pinnacle Realty LLC Listed on: 11/01/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,640

Year Built

  • 1971

Lot Details

  • Lot Dimensions are 70 x 120
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • 4,428 Sq Ft Home
  • Frame Construction

Utilities

  • Central Air
  • Hot Water Heating System
  • Separate Meters

Additional Features

  • Laundry in unit
  • Deck

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,640

Year Built

1971

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 4640
  • List User Cell Phone: 319-551-5711
  • Miscellaneous: Basement, Deck/Patio, Fencing, Garage, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water, Ten Storag, Unit Laundry
  • Net Tax: 4640
  • Noof Units Four Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.98998
  • Ratio Close Price By Original Li: 0.98998
  • Ratio Current Price By Sq Ft: 55.78
  • Total Sq Ft: 4428
  • Style St: Side/Side
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Brick, Wood

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Cooling: Central Air, Hot Water Heat

Schools

  • Elementary School: Arthur
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: 70 X 120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
Ppm Ii Llc
Bought by
Systems Unlimited Inc
Total Days on Market
80
Current Estimated Value
$382,609

Purchase Details

Listed on
Nov 1, 2016
Closed on
Feb 7, 2017
Sold by
Sparks Jerry M
Bought by
Ppm Ii Llc
Seller's Agent
Aric Engel
Pinnacle Realty LLC
Buyer's Agent
Aric Engel
Pinnacle Realty LLC
List Price
$249,500
Sold Price
$247,000
Premium/Discount to List
-$2,500
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%

Purchase Details

Closed on
Oct 21, 2010
Sold by
Molitor Marie T
Bought by
Sparks Jerry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2004
Sold by
Runde Stephen L and Runde Rachel A
Bought by
Molitor Donald A and Moliter Marie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.91%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 10, 2003
Sold by
Runde Ruth E
Bought by
Runde Stephen L

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
Systems Unlimited Inc $407,500 None Available
Ppm Ii Llc -- None Available
Sparks Jerry M $234,500 None Available
Molitor Donald A $183,000 --
Runde Stephen L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ppm Ii Llc $240,000
Previous Owner Sparks Jerry M $132,882
Previous Owner Molitor Marie T $80,000
Previous Owner Molitor Donald A $50,000
Previous Owner Molitor Donald A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2017 02/07/17 Sold $247,000 -1.0% $56 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
11/01/2016 11/01/16 For Sale $249,500 -- $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
2023 -- $353,500 $37,400 $316,100
2022 $5,118 $334,900 $32,100 $302,800
2021 $5,418 $247,100 $32,100 $215,000
2020 $5,418 $245,600 $32,100 $213,500
2019 $4,766 $221,100 $32,100 $189,000
2018 $4,646 $221,100 $32,100 $189,000
2017 $4,640 $201,500 $32,100 $169,400
2016 $4,640 $218,300 $32,100 $186,200
2015 $4,640 $221,196 $32,070 $189,126
2014 $4,706 $224,759 $35,633 $189,126
2013 $4,680 $224,759 $35,633 $189,126
Source: Public Records

Agents Affiliated with this Home

  • Aric Engel

    Seller's Agent in 2017

    Aric Engel

    Pinnacle Realty LLC

    (319) 551-5711

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1612306

Cedar Rapids Area Association of REALTORS®

APN: 14143-27001-00000

Iowa Linn County Cedar Rapids 52403

2276 Mitvalsky Ct SE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 2276 Mitvalsky Ct SE, Cedar Rapids, IA 52403 since 01 November 2016 and is currently estimated at $382,609, approximately $86 per square foot. This property was built in 1971. 2276 Mitvalsky Ct SE is a home located in Linn County with nearby schools including Arthur Elementary School, Franklin Middle School, 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.

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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