NOT LISTED FOR SALE

2612 1st Ave NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $144,939 - $184,000

7 Beds
3 Baths
2,256 Sq Ft
$70/Sq Ft Est. Value

Last Sold January 02, 2020

Last sale price $107,000 $47 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,105/month

25 Days on Market

About This Home

As of January 2020

Sale pending

Last Agent to Sell the Property

Bonnie Tiernan

Realty87 Listed on: 12/04/2019

Realty87

Co-Listed By

Nonmember NONMEMBER

NONMEMBER

Last Buyer's Agent

Jennifer Burhans

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,236

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 50x152

Interior Spaces

  • 2,256 Sq Ft Home
  • Living Room

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near schools
  • Property is near a bus stop

Schools

  • Arthur Elementary School
  • Franklin Middle School
  • Washington High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Internet Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 141423101300000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,236

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Sale pending
  • Year Built: 1956
  • Rental Permit: Yes
  • Directions: 1st Ave NE
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Street Lights, Close to School, On Bus Line
  • Basement Remarks: Full, Walkout
  • Possession R: Immediate
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 2256
  • Lower Level Sq Ft: 1000

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Gas, None

Schools

  • High School: Washington
  • Jr Middle School: Franklin
  • Elementary School: Arthur

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 50x152

Tax Info

  • Assessor Parcel Number: 141423101300000

Multi Family

  • Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2019
Closed on
Dec 30, 2019
Sold by
T & S Property Management Llc
Bought by
Olen Vadim and Olen Krista
Seller's Agent
Bonnie Tiernan
Realty87
Buyer's Agent
Jennifer Burhans
Lepic-Kroeger, REALTORS
List Price
$107,000
Sold Price
$107,000
Current Estimated Value
$158,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,646
Avg. Annual Appreciation
6.95%
Original Mortgage
$100,760
Outstanding Balance
$85,049
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$73,597

Purchase Details

Listed on
Aug 28, 2012
Closed on
Jul 1, 2013
Sold by
Df Land Holdings Llc
Bought by
T & S Property Management Llc
Seller's Agent
Tracy Engelbart
REAL ESTATE AMERICA, INC.
Buyer's Agent
John Thompson
KOPEL REALTORS and CONSULTANTS
List Price
$120,000
Sold Price
$102,000
Premium/Discount to List
-$18,000
-15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.74%
Original Mortgage
$91,800
Interest Rate
3.62%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 29, 2010
Sold by
Straw Stacey C
Bought by
Df Land Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
4.37%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 12, 2010
Sold by
Reed Daniel T and Reed Stacie
Bought by
Straw Stacey C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2007
Sold by
Wells Fargo Bank Na
Bought by
Reed Daniel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2007
Sold by
Mccarthy Kelly A and Mccarthy Callen J
Bought by
Wells Fargo Bank Na and First Franklin Mortgage Loan Trust 2002

Purchase Details

Closed on
Jan 7, 2002
Sold by
Mccarthy Callen J and Mccarthy Kelly A
Bought by
Mccarthy Callen J and Mccarthy Kelly A

Purchase Details

Closed on
Aug 28, 1998
Sold by
Zika Marcella G
Bought by
Mccarthy Callen J and Mccarthy Tanya M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
8%
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 Buyer Sale Price Title Company
Olen Vadim $107,000 None Available
T & S Property Management Llc $102,000 None Available
Df Land Holdings Llc $106,500 None Available
Straw Stacey C $103,500 None Available
Reed Daniel T $63,500 None Available
Wells Fargo Bank Na $146,227 None Available
Mccarthy Callen J -- --
Mccarthy Callen J -- --
Mccarthy Callen J $112,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olen Vadim $100,760
Previous Owner T & S Property Management Llc $91,800
Previous Owner Df Land Holdings Llc $85,600
Previous Owner Straw Stacey C $78,000
Previous Owner Reed Daniel T $70,000
Previous Owner Mccarthy Callen J $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2020 01/02/20 Sold $107,000 0.0% $47 / Sq Ft
01/02/2020 01/02/20 Sold $107,000 0.0% $47 / Sq Ft View Prior Sale
12/29/2019 12/29/19 Pending -- -- --
12/10/2019 12/10/19 Pending -- -- --
12/04/2019 12/04/19 For Sale $107,000 0.0% $47 / Sq Ft
11/13/2019 11/13/19 For Sale $107,000 +4.9% $47 / Sq Ft
07/01/2013 07/01/13 Sold $102,000 -15.0% $49 / Sq Ft View Prior Sale
06/17/2013 06/17/13 Pending -- -- --
08/28/2012 08/28/12 For Sale $120,000 -- $57 / Sq Ft
Source: Iowa City 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 $3,236 $212,500 $37,000 $175,500
2024 $3,668 $182,900 $34,400 $148,500
2023 $3,668 $182,900 $34,400 $148,500
2022 $4,242 $173,900 $30,600 $143,300
2021 $3,998 $173,900 $30,600 $143,300
2020 $3,998 $151,400 $25,500 $125,900
2019 $3,962 $139,500 $25,500 $114,000
2018 $4,140 $139,500 $25,500 $114,000
2017 $3,620 $114,700 $25,500 $89,200
2016 $3,780 $114,700 $25,500 $89,200
2015 $3,538 $102,941 $28,050 $74,891
2014 $3,538 $109,072 $12,312 $96,760
2013 $3,966 $109,072 $12,312 $96,760
Source: Public Records

Agents Affiliated with this Home

  • Bonnie Tiernan

    Seller's Agent in 2020

    Bonnie Tiernan

    Realty87

    (319) 389-5633

    3 in this area

    82 Total Sales

    Bonnie Tiernan
    Section Image

  • N

    Seller Co-Listing Agent in 2020

    Nonmember NONMEMBER

    NONMEMBER

  • Jessica Tiernan

    Seller Co-Listing Agent in 2020

    Jessica Tiernan

    Realty87

    (319) 573-9030

    4 in this area

    129 Total Sales

    Jessica Tiernan
    Section Image
  • Jennifer Burhans

    Buyer's Agent in 2020

    Jennifer Burhans

    Lepic-Kroeger, REALTORS

    (319) 731-2000

    67 Total Sales

    Jennifer Burhans
    Section Image

  • T

    Seller's Agent in 2013

    Tracy Engelbart

    REAL ESTATE AMERICA, INC.

    (319) 329-1100

    3 in this area

    200 Total Sales

    Tracy Engelbart
    Section Image

  • J

    Buyer's Agent in 2013

    John Thompson

    KOPEL REALTORS and CONSULTANTS

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20197074

Iowa City Area Association of REALTORS®

APN: 14142-31013-00000

Iowa Linn County Cedar Rapids 52402 Mound View

2612 1st Ave NE, Cedar Rapids, IA

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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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