NOT LISTED FOR SALE

296 S 200 E Cedar City, UT 84720

Estimated Value: $655,000 - $1,261,000

Studio
-- Bath
6,476 Sq Ft
$167/Sq Ft Est. Value

Last Sold February 29, 2024

Current estimated payment $5,886/month

4 Days on Market

About This Home

As of February 2024

Investors! Six large 3-bedroom units (technically 2 beds plus large den) with washer/dryer hookups in each unit. Additional, 2-bedroom home with new roof! 7total rental units! Don't miss this unique opportunity to own a prime piece of real estate in the heart of town. This property not only promises an ideal location but also boasts an excellent rental history, making it a lucrative investment for those looking to capitalize on the thriving rental market. One of the standout features of this investment is its impeccable rental history, a testament to the property's desirability and the consistent demand for housing in the area. Savvy investors can take advantage of this proven track record in a thriving college town, to secure a reliable and attractive return on investment.

Last Agent to Sell the Property

Jennifer Davis

ERA Realty Center License #5458788-AB Listed on: 01/08/2024

ERA Realty Center

Last Buyer's Agent

MATTHEW LEEPER

Iron Mountain Realty License #12727344-PB00

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,717

Year Built

  • Built in 2006

Lot Details

  • 0.37 Acre Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 6,476 Sq Ft Home
  • 3-Story Property

Utilities

  • Central Air
  • Heating Available

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 0051299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,717

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: MultiFamily
  • Year Built: 2006
  • New Construction: No
  • Air Conditioning Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Building Area Total: 6476.0
  • Stories: 3

Exterior Features

  • Roof: Asphalt
  • Acres: 0.37
  • Construction:Wood Frame: Yes

Utilities

  • Heating: Gas FA
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes

Schools

  • Ninth Grade High School: Out of Area
  • Middle Or Junior School: Out of Area

Lot Info

  • Lot Size Sq Ft: 16117.2
  • Parcel #: 0051299
  • Zoning Description: Multi-Family

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 2717.36

MLS Schools

  • Elementary School: Out of Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Feb 28, 2024
Sold by
Wickstrum Family Trust
Bought by
Leeper Michael
Seller's Agent
Jennifer Davis
ERA Realty Center
Buyer's Agent
MATTHEW LEEPER
Iron Mountain Realty
List Price
$1,299,000
Views
19
Current Estimated Value
$1,083,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.06%
Original Mortgage
$780,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Leeper Michael -- Inwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Leeper Michael $780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold -- -- --
01/13/2024 01/13/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $1,299,000 -- $201 / Sq Ft
Source: Washington County Board 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 $3,133 $402,827 $42,900 $359,927
2023 $2,553 $321,600 $69,655 $251,945
2022 $2,846 $309,600 $69,650 $239,950
2021 $2,717 $295,590 $55,640 $239,950
2020 $3,065 $295,590 $55,640 $239,950
2019 $3,204 $295,590 $55,640 $239,950
2018 $3,312 $295,590 $55,640 $239,950
2017 $3,569 $313,615 $53,715 $259,900
2016 $3,328 $272,335 $55,750 $216,585
2015 $3,377 $262,020 $0 $0
2014 $3,163 $229,515 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Davis

    Seller's Agent in 2024

    Jennifer Davis

    ERA Realty Center

    (435) 586-9775

    483 in this area

    703 Total Sales

    Jennifer Davis
    Section Image

  • M

    Buyer's Agent in 2024

    MATTHEW LEEPER

    Iron Mountain Realty

    (435) 572-4445

    5 in this area

    8 Total Sales

    MATTHEW LEEPER
    Section Image
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Map

Source: Washington County Board of REALTORS®

MLS Number: 24-247141

Washington County Board of REALTORS®

APN: B-0331-0000-0000

Utah Iron County Cedar City 84720

296 S 200 E, Cedar City, UT

Not Listed for Sale

MultiFamily

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.

Washington County Board of REALTORS® All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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