Seller's Agent in 2024
Ryan Backes
Backes Real Estate
(319) 240-5039
1 in this area
118 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%
Total Days on Market
63
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
$1,341
Avg. Annual Appreciation
8.41%
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 2024 | $1,392 | $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
33 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20244103
APN: 8912-30-456-003
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