Seller's Agent in 2018
Adam Gibbs
GLD COMMERCIAL
(319) 731-3415
15 in this area
215 Total Sales
2931 7th Ave Marion, IA 52302
1.75
Acres
--
Price per Acre
76,230
Sq Ft Lot
Highlights
- 1.75 Acre Lot
- Marion High School Rated A-
- Level Lot
About This Lot
As of August 2018Pad ready commercial lots available. TownePlace is Marion's newest development near the downtown district on high traffic 7th Ave. The project is named after the anchor user, TownePlace suites by Marriott-- scheduled to open in the fall of 2018. Your business will thrive as part of this project with hotel traffic, high car traffic counts of 8000 vehicles per day, and a very underserved marketplace. Sale subject to developer's and city approval of tenant use and building design and materials. Developer reserves all rights to economic development agreement with the City of Marion. Property will be subject to a (REA) Reciprocal Easement and Access agreement with adjacent property owners. This is a restricted listing. Owner is licensed Real Estate Agent in the state of Iowa. **Rendering is concept only**
Property Details
Property Type
- Land
Lot Details
- 1.75 Acre Lot
- Level Lot
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2017
Closed on
Aug 1, 2018
Sold by
Gld Properties Llc
Bought by
Culver S Seventh Avenue Properties Llc
Seller's Agent
Adam Gibbs
GLD COMMERCIAL
Buyer's Agent
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
List Price
$1,400,000
Sold Price
$1,143,450
Premium/Discount to List
-$256,550
-18.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,793
Outstanding Balance
$814,138
Interest Rate
4.5%
Mortgage Type
Construction
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Culver S Seventh Avenue Properties Llc | $1,143,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Culver S Seventh Avenue Properties Llc | $1,090,793 | |
| Closed | Culver S Seventh Avenue Properties Llc | $1,090,793 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/01/2018 08/01/18 | Sold | $1,143,450 | -18.3% | -- |
| 08/25/2017 08/25/17 | For Sale | $1,400,000 | -- | -- |
Source: Cedar Rapids Area Association of REALTORS®
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 | $95,834 | $2,965,300 | $1,365,000 | $1,600,300 |
| 2024 | $104,606 | $2,702,300 | $1,365,000 | $1,337,300 |
| 2023 | $104,606 | $2,702,300 | $1,365,000 | $1,337,300 |
| 2022 | $91,886 | $2,913,400 | $1,050,000 | $1,863,400 |
| 2021 | $94,306 | $2,653,200 | $1,050,000 | $1,603,200 |
| 2020 | $94,306 | $1,191,500 | $1,050,000 | $141,500 |
| 2019 | $930 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Gibbs
-
Erica Seelman
Seller Co-Listing Agent in 2018
Erica Seelman
GLD COMMERCIAL
(319) 329-4141
8 in this area
84 Total Sales
-
Donald Fieldhouse
D
Buyer's Agent in 2018
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
(239) 774-6598
163 in this area
5,212 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 1708066
APN: 15061-05018-00000
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