NOT LISTED FOR SALE

2301 2nd St SW Cedar Rapids, IA 52404

Southwest Area Neighborhood

Estimated Value: $179,000 - $210,000

5 Beds
2 Baths
1,932 Sq Ft
$102/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $180,500 $93 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,406/month

3 Days on Market

About This Home

As of March 2022

Investors be sure to check out this SW side duplex! Two side-by side units, one unit is 3 bedroom 1 bathroom and the other is a 2 bedroom and 1 bathroom unit. Hardwood floors and vinyl flooring throughout both units. Both units have large living rooms and a large open eat-in kitchen. Basement has storage for each unit and 2 separate laundry hook ups for each side. Gas, electric, and water are all on separate meters, tenant is responsible for their own utilities. There is a 2 stall detached garage that tenants share as well as an additional off street parking in thee driveway. Rents are currently $815/month for the 3 bedroom unit and $695/month for the 2 bedroom unit. Located just off Wilson Avenue by Wilson Middle School. 24 hours notice required for showings.

Sellers will take all offers until Sunday, February 13th at 5pm but reserve the right to accept an offer earlier.

Last Listed By

Jeremy Johannes

Epique Realty Listed on: 02/10/2022

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,424

Year Built

  • 1965

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 55x140

Parking

  • 2 Car Garage

Home Design

  • 1,932 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Community Details

  • Gross Income $18,120

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,424

Year Built

1965

Lot Details

0

Listing Details

  • Acres: 0.1800
  • City Name: Cedar Rapids
  • Gross Tax: 3424
  • List User Cell Phone: 319-540-1002
  • Miscellaneous: Basement, Garage, Parking Spaces, Ten Storag
  • Net Tax: 3424
  • Noof Units Three Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.06176
  • Ratio Close Price By Original Li: 1.06176
  • Ratio Current Price By Sq Ft: 93.43
  • Total Sq Ft: 1932
  • 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: 1965

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: 55x140

Multi Family

  • Gross Income: 18120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2022
Closed on
Mar 22, 2022
Sold by
Kyes Galen J and Kyes Jennifer
Bought by
Ja1 Llc
Seller's Agent
Jeremy Johannes
Epique Realty
Buyer's Agent
Aric Engel
Pinnacle Realty LLC
List Price
$170,000
Sold Price
$180,500
Premium/Discount to List
$10,500
6.18%
Total Days on Market
3
Current Estimated Value
$196,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,278
Avg. Annual Appreciation
2.14%
Original Mortgage
$144,400
Outstanding Balance
$136,535
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$56,322

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

Mortgage History

Date Status Borrower Loan Amount
Closed Kyes Galen J $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2022 03/24/22 Sold $180,500 +6.2% $93 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $170,000 -- $88 / 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 $3,782 $169,600 $24,300 $145,300
2022 $3,372 $179,300 $21,600 $157,700
2021 $3,424 $162,800 $21,600 $141,200
2020 $3,424 $155,200 $18,900 $136,300
2019 $3,212 $149,000 $18,900 $130,100
2018 $3,122 $149,000 $18,900 $130,100
2017 $3,226 $148,100 $18,900 $129,200
2016 $3,040 $143,000 $18,900 $124,100
2015 $3,118 $146,491 $18,865 $127,626
2014 $3,118 $146,491 $18,865 $127,626
2013 $3,050 $146,491 $18,865 $127,626
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Johannes

    Seller's Agent in 2022

    Jeremy Johannes

    Epique Realty

    (319) 253-2555

    2 in this area

    192 Total Sales

    Jeremy Johannes
    Section Image
  • Aric Engel

    Buyer's Agent in 2022

    Aric Engel

    Pinnacle Realty LLC

    (319) 551-5711

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2200646

Cedar Rapids Area Association of REALTORS®

APN: 14334-26010-00000

Iowa Linn County Cedar Rapids 52404 Southwest Area

2301 2nd St SW, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 2301 2nd St SW, Cedar Rapids, IA 52404 since 10 February 2022 and is currently estimated at $196,778, approximately $101 per square foot. This property was built in 1965. 2301 2nd St SW is a home located in Linn County with nearby schools including Wilson Middle School, Thomas Jefferson High School, and Holy Family School St. Ludmila Center.

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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