Investor / 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 Type
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Kitchen
Bedrooms and Bathrooms
Laundry
Basement
Outdoor Features
Utilities
$90,000
Charming 2-bedroom, 2-bath condo in a great location just off Edgewood Rd—close to walking trails, restaurants, shopping, and more! This 3-floor unit offers a bright, open layout with vaulted ceilings and a walkout to a private deck, perfect for relaxing summer evenings. Enjoy low-maintenance living—lawn care, snow removal, and trash are all taken care of by the HOA. Pets are welcome, and the
Diana Salazar Skogman Realty Co.
$75,000
Investor Alert! This 3-bedroom, 1-bath home is listed well below assessed value—an excellent opportunity for investors, flippers, or those looking to add to their rental portfolio. With plenty of upside, this property is being sold as-is and is ready for your updates and improvements.
Bonnie Tiernan Realty87
| 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 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $21,000 | Purchase Money Mortgage | |
| 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 |
| 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 |
| 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 | $3,406 | $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 |
J
Seller's Agent in 2020
Joni Long
Realty87
(319) 350-0506
126 Total Sales
R
Buyer's Agent in 2020
Randon Hill
Epique Realty
(319) 777-2127
89 Total Sales
Seller's Agent in 2019
Cory Rath
KW Advantage
(319) 329-2679
275 Total Sales
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 1905468
APN: 14142-52022-00000
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