J
Seller's Agent in 2020
Joni Long
Realty87
(319) 350-0506
125 Total Sales
2414 1st Ave NE Cedar Rapids, IA 52402
4
Beds
2
Baths
1,690
Sq Ft
7,623
Sq Ft Lot
Highlights
- Deck
- Main Floor Primary Bedroom
- Forced Air Cooling System
- Recreation Room
- 2 Car Detached Garage
- Fenced
About This Home
As of August 2020Investor / Flipper Alert! Looking for profit margin for a flip or for a rental property? Or, looking for a home that you can build wealth in by making improvements? You may have found just the one. This home is an incredibly rare opportunity to get a steep discount. When the past tenants vacated this property, the utilities were shut off in the winter. Consequently, the pipes froze and damage was caused to the house. Insurance would not cover this damage, but much work has been done and all paid for by the seller to bring the property back, but there is still more to do, mostly cosmetics at this point. Plumbing, electrical, drywall, and more has received attention, but the rest would be up to you. Buyers are welcome to conduct inspections, but seller will not make repairs. All offers to be presented to the seller at 4pm, Friday, July 26, 2019 with response due to buyers by 6pm same day. One offer already received. Hurry!
Home Details
Home Type
- Single Family
Year Built
- 1929
Lot Details
- 7,623 Sq Ft Lot
- Lot Dimensions are 50 x 152
- Fenced
Parking
- 2 Car Detached Garage
Home Design
- Frame Construction
- Vinyl Construction Material
Interior Spaces
- 1.5-Story Property
- Living Room with Fireplace
- Recreation Room
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Outdoor Features
- Deck
- Storage Shed
Utilities
- Forced Air Cooling System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2020
Closed on
Aug 13, 2020
Sold by
Nguyen Hai and Nguyen Van
Bought by
Strain Briana J
Seller's Agent
Joni Long
Realty87
Buyer's Agent
Randon Hill
Epique Realty
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Total Days on Market
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,136
Avg. Annual Appreciation
5.82%
Original Mortgage
$112,000
Outstanding Balance
$102,675
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$84,461
Purchase Details
Listed on
Jul 24, 2019
Closed on
Aug 26, 2019
Sold by
Harens James C and Harens James
Bought by
Nguyen Hai and Nguyen Van
Seller's Agent
Cory Rath
KW Advantage
Buyer's Agent
Joni Long
Realty87
List Price
$75,900
Sold Price
$75,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.22%
Original Mortgage
$60,720
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 29, 2006
Sold by
Ercolini Bhatia Manoneet and Ercolini Bhatia Lisa M
Bought by
Harens James C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,225
Interest Rate
5.87%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 8, 2003
Sold by
Smith Guy N and Smith Ellery A
Bought by
Ercolini Bhatia Manoneet and Ercolini Bhatia Lisa M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,800
Interest Rate
4.87%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 30, 2000
Sold by
Spangler Elizabeth A
Bought by
Smith Guy N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,550
Interest Rate
9.5%
Purchase Details
Closed on
Jun 15, 1998
Sold by
Arens Marian J and Arens Ralph P
Bought by
Spangler Elizabeth A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
6.37%
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | None Available | |
| Warranty Deed | $76,000 | None Available | |
| Warranty Deed | $128,000 | None Available | |
| Warranty Deed | $120,500 | -- | |
| Warranty Deed | $96,500 | -- | |
| Warranty Deed | $87,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $112,000 | New Conventional | |
| Previous Owner | $60,720 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $109,225 | Unknown | |
| Previous Owner | $96,800 | Unknown | |
| Previous Owner | $98,550 | No Value Available | |
| Previous Owner | $79,200 | No Value Available | |
| Closed | $24,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2020 08/14/20 | Sold | $140,000 | -3.4% | $83 / Sq Ft |
| 07/07/2020 07/07/20 | Pending | -- | -- | -- |
| 07/06/2020 07/06/20 | Price Changed | $144,900 | -3.3% | $86 / Sq Ft |
| 06/14/2020 06/14/20 | For Sale | $149,900 | +97.5% | $89 / Sq Ft |
| 08/28/2019 08/28/19 | Sold | $75,900 | 0.0% | $45 / Sq Ft |
| 07/26/2019 07/26/19 | Pending | -- | -- | -- |
| 07/24/2019 07/24/19 | For Sale | $75,900 | -- | $45 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $2,942 | $176,200 | $37,000 | $139,200 |
| 2024 | $3,406 | $166,200 | $34,400 | $131,800 |
| 2023 | $3,406 | $166,200 | $34,400 | $131,800 |
| 2022 | $3,104 | $161,500 | $30,600 | $130,900 |
| 2021 | $2,318 | $149,800 | $30,600 | $119,200 |
| 2020 | $2,318 | $105,100 | $25,500 | $79,600 |
| 2019 | $3,090 | $143,400 | $25,500 | $117,900 |
| 2018 | $3,056 | $143,400 | $25,500 | $117,900 |
| 2017 | $3,310 | $140,800 | $25,500 | $115,300 |
| 2016 | $2,922 | $137,500 | $25,500 | $112,000 |
| 2015 | $3,082 | $144,835 | $28,050 | $116,785 |
| 2014 | $3,082 | $151,638 | $28,050 | $123,588 |
| 2013 | $3,158 | $151,638 | $28,050 | $123,588 |
Source: Public Records
Agents Affiliated with this Home
-
Joni Long
-
Randon Hill
R
Buyer's Agent in 2020
Randon Hill
Epique Realty
(319) 777-2127
93 Total Sales
-
Cory Rath
Seller's Agent in 2019
Cory Rath
KW Advantage
(319) 329-2679
274 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 1905468
APN: 14142-52022-00000
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.
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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