Seller's Agent in 2024
Ryan Backes
Backes Real Estate
(319) 240-5039
1 in this area
123 Total Sales
2828 and 2830 Lafayette Waterloo, IA 50703
Neighbors for Life Neighborhood
4
Beds
2
Baths
1,148
Sq Ft
6,600
Sq Ft Lot
Highlights
- Deck
- Garage
- 4-minute walk to Cedar Park
- Forced Air Heating System
About This Home
As of December 2024Great investment opportunity! This duplex, located at 2828 and 2830 Lafayette, features two spacious units, each offering 2 bedrooms and 1 bath. Each unit includes a comfortable living room, a functional kitchen, and their own laundry area in the lower level—making it ideal for convenience and privacy. The duplex also boasts a 2-stall garage, with one stall assigned to each tenant. Both units are currently occupied by long-term tenants, providing immediate rental income. Located in a nice neighborhood, this property is perfect for investors looking for a stable and profitable rental property.
Last Agent to Sell the Property
Backes Real Estate License #B56242 Listed on: 09/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,392
Year Built
- Built in 1870
Lot Details
- 6,600 Sq Ft Lot
- Lot Dimensions are 60 x 110
Home Design
- Duplex
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Laundry on lower level
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- Garage
- 4 Open Parking Spaces
Outdoor Features
- Deck
Schools
- Highland Elementary School
- Bunger Middle School
- West High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, garbage pick-up, gas, heat, lawn care, snow removal, trash collection
- Assessor Parcel Number 891230456003
Community Details
Overview
- 2 Units
Building Details
- Water Sewer Expense $66
- Gross Income $13,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 11, 2024
Closed on
Dec 15, 2024
Sold by
Mcnelly Rickey F and Mcnelly Karla K
Bought by
Portillo Construction Inc
Seller's Agent
Ryan Backes
Backes Real Estate
Buyer's Agent
Dave Woods
Oakridge Real Estate
List Price
$87,000
Sold Price
$65,000
Premium/Discount to List
-$22,000
-25.29%
Views
92
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,313
Avg. Annual Appreciation
29.51%
Purchase Details
Closed on
Sep 18, 2007
Sold by
Long Properties Llc
Bought by
Mcnelly Rickey F and Mcnelly Karla K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,200
Interest Rate
6.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 30, 2006
Sold by
Bailey Melvin L and Bailey Kathleen C
Bought by
Long Properties Llc
Create a Home Valuation Report for This Property
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 | $65,000 | None Listed On Document | |
| Warranty Deed | $65,000 | None Listed On Document | |
| Warranty Deed | $49,000 | None Available | |
| Joint Tenancy Deed | $40,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $39,200 | New Conventional | |
| Closed | $0 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $65,000 | -18.6% | $57 / Sq Ft |
| 11/13/2024 11/13/24 | Pending | -- | -- | -- |
| 10/22/2024 10/22/24 | Price Changed | $79,900 | -8.2% | $70 / Sq Ft |
| 09/11/2024 09/11/24 | For Sale | $87,000 | -- | $76 / 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 |
|---|---|---|---|---|
| 2025 | $1,512 | $84,340 | $11,040 | $73,300 |
| 2024 | $1,512 | $69,680 | $11,040 | $58,640 |
| 2023 | $1,380 | $69,680 | $11,040 | $58,640 |
| 2022 | $1,344 | $62,860 | $11,040 | $51,820 |
| 2021 | $1,210 | $62,860 | $11,040 | $51,820 |
| 2020 | $1,190 | $53,400 | $6,900 | $46,500 |
| 2019 | $1,190 | $53,400 | $6,900 | $46,500 |
| 2018 | $1,042 | $46,760 | $6,900 | $39,860 |
| 2017 | $1,074 | $46,760 | $6,900 | $39,860 |
| 2016 | $1,060 | $46,760 | $6,900 | $39,860 |
| 2015 | $1,060 | $46,760 | $6,900 | $39,860 |
| 2014 | $1,004 | $43,440 | $6,900 | $36,540 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Backes
-
Dave Woods
D
Buyer's Agent in 2024
Dave Woods
Oakridge Real Estate
(319) 242-2720
2 in this area
36 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20244103
APN: 8912-30-456-003
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