2503 Olive St Cedar Falls, IA 50613
--
Bed
--
Bath
1,149
Sq Ft
5,561
Sq Ft Lot
Highlights
- Tiered Deck
- Holmes Junior High School Rated A-
- Corner Lot
About This Home
As of December 2020Taking back up offers! Good money maker here! $42,180 gross income with $35800 net per year. These units have been updated and cared for by the current owner himself. One block to campus and always fully rented; current leases are signed and 2021-22 school year started signing. There are two 3-bed units and two 1-bed units, each with dishwasher, stove & fridge. On site coin operated laundry. There is no off street parking but a letter from the city approving this has been recorded with the county. Most tenants park in the lot by the dome since they can walk to classes. This building has new blown in cellulose insulation and all new siding plus all windows have been replaced! all measurements are approx
Last Agent to Sell the Property
Celia Simmer
Coldwell Banker Elevated Real Estate License #B37381000 Listed on: 08/14/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,856
Year Built
- Built in 1890
Lot Details
- 5,561 Sq Ft Lot
- Lot Dimensions are 83x67
- Corner Lot
Home Design
- Quadruplex
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- Partially Finished Basement
- Walk-Out Basement
- Laundry on lower level
Parking
- No Garage
- On-Street Parking
Schools
- Lincoln Elementary Cf
- Holmes Junior High
- Cedar Falls High School
Additional Features
- Tiered Deck
- Window Unit Cooling System
Listing and Financial Details
- Tenant pays for electricity, garbage pick-up, gas, heat
- Assessor Parcel Number 891413357003
Community Details
Overview
- 4 Units
- Auditor's Plat Subdivision
Building Details
- Water Sewer Expense $2,487
- Gross Income $42,180
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2020
Closed on
Dec 10, 2020
Sold by
Wernimont Llc
Bought by
Almir Llc
Seller's Agent
Celia Simmer
Coldwell Banker Elevated Real Estate
List Price
$427,500
Sold Price
$310,000
Premium/Discount to List
-$117,500
-27.49%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.24%
Original Mortgage
$232,500
Outstanding Balance
$207,946
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$84,387
Similar Home in Cedar Falls, IA
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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 | $310,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $232,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $33,000 | Credit Line Revolving | |
| Previous Owner | $21,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2025 09/06/25 | For Sale | $309,500 | 0.0% | $269 / Sq Ft |
| 08/21/2025 08/21/25 | Pending | -- | -- | -- |
| 06/12/2025 06/12/25 | For Sale | $309,500 | -0.2% | $269 / Sq Ft |
| 12/15/2020 12/15/20 | Sold | $310,000 | -10.5% | $270 / Sq Ft |
| 10/29/2020 10/29/20 | Pending | -- | -- | -- |
| 10/06/2020 10/06/20 | Price Changed | $346,500 | -1.4% | $302 / Sq Ft |
| 08/14/2020 08/14/20 | Price Changed | $351,500 | -17.8% | $306 / Sq Ft |
| 08/14/2020 08/14/20 | For Sale | $427,500 | -- | $372 / Sq Ft |
Source: Northeast Iowa Regional Board 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 |
|---|---|---|---|---|
| 2024 | $3,816 | $237,160 | $28,640 | $208,520 |
| 2023 | $3,374 | $237,160 | $28,640 | $208,520 |
| 2022 | $4,415 | $182,750 | $34,360 | $148,390 |
| 2021 | $3,658 | $182,750 | $34,360 | $148,390 |
| 2020 | $3,878 | $164,200 | $34,360 | $129,840 |
| 2019 | $3,878 | $129,840 | $0 | $129,840 |
| 2018 | $4,134 | $123,660 | $0 | $123,660 |
| 2017 | $4,322 | $123,660 | $0 | $123,660 |
| 2016 | $4,330 | $123,660 | $0 | $123,660 |
| 2015 | $4,330 | $123,660 | $0 | $123,660 |
| 2014 | $4,622 | $160,130 | $34,360 | $125,770 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Taylor
Seller's Agent in 2025
Mike Taylor
Lockard Realty Company
(319) 239-3659
18 in this area
140 Total Sales
-
C
Seller's Agent in 2020
Celia Simmer
Coldwell Banker Elevated Real Estate
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20204058
APN: 8914-13-357-003
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