$214,000
SOLD NOV 6, 2020

2404 Olive St Cedar Falls, IA 50613

-- Bed
-- Bath
1,246 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$172 Per Sq Ft

5% Below List Price

54 Days on Market

Highlights

  • Central Air
  • Holmes Junior High School Rated A-
  • 4-minute walk to Seerley Park

About This Home

As of November 2020

Great investment opportunity in Cedar Falls close to UNI campus. The property is part of a portfolio with multiple other listings. Contact an agent for questions about the other properties in the portfolio. Can be sold as single property or multiple.

Last Agent to Sell the Property

Phillip Shirk

AWRE - Commercial & Development License #B63101000 Listed on: 06/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,756

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,246 Sq Ft Home
  • Stone Basement
  • Laundry in Kitchen

Parking

  • 8 Open Parking Spaces
  • No Garage
  • Parking Available

Schools

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

Utilities

  • Central Air

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 891413354001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,756

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Parcel Number: 891413354001
  • Year Built: 1910
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: In Kitchen
  • Co List Office Phone: 319-269-2477
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1246
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 8
  • Parking Features: None, Parking Area

Utilities

  • Cooling: Central Air
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Gas Individual Meters, Water - Multiple Meters
  • Water Source: City

Schools

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

Lot Info

  • Zoning: R-4
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: Electricity, Gas, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2756

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Nov 6, 2020
Sold by
Cv2 Investments Llc
Bought by
Kog Properties Llc
Seller's Agent
Phillip Shirk
AWRE - Commercial & Development
List Price
$224,900
Sold Price
$214,000
Premium/Discount to List
-$10,900
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Original Mortgage
$1,048,000
Outstanding Balance
$864,170
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$611,001

Purchase Details

Closed on
Nov 30, 2018
Sold by
Couch Melvin G and Couch Susan M
Bought by
Cv 2 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.8%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 29, 2008
Sold by
Co Sts Rentals
Bought by
Couch Melvin G and Couch Hollie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.96%
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 $214,000 None Available
Warranty Deed $188,000 --
Special Warranty Deed $165,000 Title Services Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,048,000 Future Advance Clause Open End Mortgage
Previous Owner $210,000 Balloon
Previous Owner $123,000 New Conventional
Previous Owner $122,000 New Conventional
Previous Owner $123,750 New Conventional
Previous Owner $244,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 For Sale $255,000 +19.2% $223 / Sq Ft
11/06/2020 11/06/20 Sold $214,000 -4.8% $172 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $224,900 -- $180 / 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 $2,982 $190,680 $32,340 $158,340
2023 $3,218 $190,680 $32,340 $158,340
2022 $3,256 $174,290 $32,340 $141,950
2021 $3,034 $174,290 $32,340 $141,950
2020 $2,974 $162,970 $21,020 $141,950
2019 $2,974 $162,970 $21,020 $141,950
2018 $2,750 $148,770 $21,020 $127,750
2017 $2,828 $148,770 $21,020 $127,750
2016 $2,648 $149,800 $21,020 $128,780
2015 $2,648 $149,800 $21,020 $128,780
2014 $2,678 $149,800 $21,020 $128,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20202889

Northeast Iowa Regional Board of REALTORS®

APN: 8914-13-354-001