$107,000
SOLD JAN 2, 2020

2612 1st Ave NE Cedar Rapids, IA 52402

-- Bed
-- Bath
2,255 Sq Ft
7,623 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

27 Days on Market

About This Home

As of January 2020

3 unit investment property. Unit 1-lower -$500 per month, Unit 2-middle (3/1 bath) $800 per mth, Unit 3 Upper- $600 per mth .
4 stall detached. Needs some work.

Last Agent to Sell the Property

Bonnie Tiernan

Realty87 Listed on: 11/13/2019

Realty87

Co-Listed By

Jessica Tiernan

Realty87

Last Buyer's Agent

Jennifer Burhans

LEPIC-KROEGER CORRIDOR, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 7,623 Sq Ft Lot
  • Lot Dimensions are 50 x 152

Parking

  • 4 Parking Spaces

Home Design

  • 2,255 Sq Ft Home
  • Frame Construction

Outdoor Features

  • Deck

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

0

Listing Details

  • Acres: 0.1750
  • City Name: Cedar Rapids
  • Gross Tax: 3962
  • Last City Inspection: 8/1/17
  • List User Cell Phone: 319-389-5633
  • Miscellaneous: Deck/Patio, Parking Spaces
  • Net Tax: 3962
  • Noof Units Three Bedroom: 1
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Sq Ft: 47.45
  • Total Sq Ft: 2255
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 4

Schools

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

Lot Info

  • Lot Size: 50 X 152

Rental Info

  • Owner Pays: Water, Gas

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
$152,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,842
Avg. Annual Appreciation
6.67%
Original Mortgage
$100,760
Outstanding Balance
$86,317
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$66,525

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
$75,000
Interest Rate
6.31%
Mortgage Type
Unknown

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 Type Sale Price Title Company
Warranty Deed $107,000 None Available
Warranty Deed $102,000 None Available
Warranty Deed $106,500 None Available
Warranty Deed $103,500 None Available
Special Warranty Deed $63,500 None Available
Sheriffs Deed $146,227 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $112,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,760 Future Advance Clause Open End Mortgage
Previous Owner $91,800 Future Advance Clause Open End Mortgage
Previous Owner $85,600 Future Advance Clause Open End Mortgage
Previous Owner $78,000 New Conventional
Previous Owner $75,000 Unknown
Previous Owner $70,000 Purchase Money Mortgage
Previous Owner $101,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
06/17/2013 06/17/13 Pending -- -- --
08/28/2012 08/28/12 For Sale $120,000 -- $57 / 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
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

    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

    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) 981-1200

    209 Total Sales

    Tracy Engelbart
    Section Image

  • J

    Buyer's Agent in 2013

    John Thompson

    KOPEL REALTORS and CONSULTANTS

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1908248

Cedar Rapids Area Association of REALTORS®

APN: 14142-31013-00000

Iowa Linn County Cedar Rapids 52402

2612 1st Ave NE, Cedar Rapids, IA

This home is located at 2612 1st Ave NE, Cedar Rapids, IA 52402 and is currently priced at $107,000, approximately $47 per square foot. This property was built in 1956. 2612 1st Ave NE is a home located in Linn County with nearby schools including Arthur Elementary School, Franklin Middle School, and George Washington 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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