NOT LISTED FOR SALE

2501 Ellis View Ct NW Cedar Rapids, IA 52405

Ellis Harbor Neighborhood

Estimated Value: $242,000 - $270,208

4 Beds
3 Baths
2,716 Sq Ft
$94/Sq Ft Est. Value

Last Sold January 26, 2023

Last sale price $220,000 $81 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,642/month

11 Days on Market

About This Home

As of January 2023

Side by side duplex located near Ellis Park & Robins Lake at the end of a cul-de-sac with a private deck overlooking the woods & Ellis golf course. Each 2 bedrooms 1.5 baths Attached one stall garage located underneath off the basement. Kitchen comes equipped with Refrigerator, Stove, Microwave & Dishwasher. Large Living room includes wood burning fireplace. Ample amount of cabinet & storage space throughout. Laundry room with washer & dryer hookups located on the upper level outside the bedrooms. Master bedroom includes large walk-in closet. Lawn care & snow removal provided by Landlord. Tenant responsible for all utilities including Gas, Electric, Water and Trash. Long term tenants rented at $900 and $925. Professional management in place.

Last Agent to Sell the Property

Bryant Nicholson

Affinity Real Estate Services Listed on: 12/05/2022

Affinity Real Estate Services

Last Buyer's Agent

Bryant Nicholson

Affinity Real Estate Services Listed on: 12/05/2022

Affinity Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,684

Year Built

  • 1980

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 45x180

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,716 Sq Ft Home
  • Partial Basement
  • Laundry in unit

Community Details

  • Gross Income $21,900
  • Net Operating Income $13,202

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,684

Year Built

1980

Lot Details

0

Listing Details

  • Acres: 0.3950
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 3684
  • List User Cell Phone: 319-853-3555
  • Miscellaneous: Unit Laundry
  • Net Tax: 3684
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.89796
  • Ratio Close Price By Original Li: 0.89796
  • Ratio Current Price By Sq Ft: 81.00
  • Total Sq Ft: 2716
  • Style St: Side/Side
  • Taxable Value Tv: 177800.00
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Resident
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Basement: Partial

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Number Of Parking Spaces: 4

Schools

  • Elementary School: Madison
  • Middle School: Roosevelt
  • High School: Kennedy

Lot Info

  • Lot Size: 45x180

Rental Info

  • Total Expenses: 8698

Multi Family

  • Gross Income: 21900
  • Net Operating Income: 13202.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Jan 25, 2023
Sold by
Dorothy E Burger Revocable Living Trust
Bought by
Buffalo Creek Properties Llc
Seller's Agent
Bryant Nicholson
Affinity Real Estate Services
Buyer's Agent
Bryant Nicholson
Affinity Real Estate Services
List Price
$245,000
Sold Price
$220,000
Premium/Discount to List
-$25,000
-10.2%
Current Estimated Value
$255,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,552
Avg. Annual Appreciation
5.73%
Original Mortgage
$216,815
Outstanding Balance
$209,988
Interest Rate
6.31%
Mortgage Type
Credit Line Revolving
Estimated Equity
$45,564
Source: Public Records

Range of Values:

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Average Value
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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
Buffalo Creek Properties Llc $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buffalo Creek Properties Llc $216,815
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2023 01/26/23 Sold $220,000 -10.2% $81 / Sq Ft
12/16/2022 12/16/22 Pending -- -- --
12/05/2022 12/05/22 For Sale $245,000 -- $90 / 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
2025 $3,458 $224,400 $47,800 $176,600
2024 $3,962 $223,300 $47,800 $175,500
2023 $3,962 $195,400 $38,700 $156,700
2022 $3,684 $187,800 $38,700 $149,100
2021 $3,938 $177,800 $31,900 $145,900
2020 $3,938 $178,500 $31,900 $146,600
2019 $3,892 $180,600 $31,900 $148,700
2018 $3,786 $180,600 $31,900 $148,700
2017 $3,864 $177,400 $31,900 $145,500
2016 $3,618 $170,200 $31,900 $138,300
2015 $3,968 $186,464 $31,866 $154,598
2014 $3,968 $186,706 $31,866 $154,840
2013 $3,888 $186,706 $31,866 $154,840
Source: Public Records

Agents Affiliated with this Home

  • Bryant Nicholson

    Seller's Agent in 2023

    Bryant Nicholson

    Affinity Real Estate Services

    (319) 853-3555

    3 in this area

    105 Total Sales

    Bryant Nicholson
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2210081

Cedar Rapids Area Association of REALTORS®

APN: 14181-51014-00000

Iowa Linn County Cedar Rapids 52405 Ellis Harbor

2501 Ellis View Ct NW, Cedar Rapids, IA

This home is located at 2501 Ellis View Ct NW, Cedar Rapids, IA 52405 since 05 December 2022 and is currently estimated at $255,552, approximately $94 per square foot. This property was built in 1980. 2501 Ellis View Ct NW is a home located in Linn County with nearby schools including Madison Elementary School, Roosevelt Creative Corridor Business Academy, and John F. Kennedy 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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