Seller's Agent in 2025
Phillip Shirk
AWRE - Commercial & Development
(319) 239-4446
4 in this area
97 Total Sales
301 E 3rd St Waterloo, IA 50703
Franklin Gateway Neighborhood
--
Bed
--
Bath
706
Sq Ft
0.41
Acres
Highlights
- 17,729 Sq Ft lot
- Garage
- 3-minute walk to Lincoln Park
About This Home
As of April 2025Discover an exceptional investment opportunity downtown Waterloo, IA. This multifamily property features (6) units with 2 bedrooms and 2.5 bathrooms per unit. Each unit welcomes you with an inviting open living space on the main level. Amenities include both front and rear entrances, in-unit laundry, gated parking on the rear of the building, fenced in patios, and a two-stall garage per unit. The property is located within walking distance to multiple restaurants, shopping, entertainment, and easy access to public transit and major highways.
Last Agent to Sell the Property
AWRE - Commercial & Development License #B63101000 Listed on: 01/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,827
Year Built
- Built in 2014
Lot Details
- 0.41 Acre Lot
- Lot Dimensions are 150.4 x 119.3
Parking
- Garage
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 706 Sq Ft Home
- Interior Basement Entry
- Washer and Gas Dryer Hookup
Schools
- Cunningham Elementary School
- Central Middle School
- West High School
Utilities
- Cooling System Powered By Gas
Community Details
- 6 Units
Listing and Financial Details
- Tenant pays for electricity, gas, heat, trash collection, water
- Assessor Parcel Number 891324353016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2025
Closed on
May 12, 2025
Sold by
Iowa Heartland Habitat For Humanity
Bought by
Iowa Heartland Community Investment Fund Llc
Seller's Agent
Phillip Shirk
AWRE - Commercial & Development
Buyer's Agent
Lynette Sorensen
RE/MAX Concepts - Cedar Falls
List Price
$1,300,000
Sold Price
$1,150,000
Premium/Discount to List
-$150,000
-11.54%
Views
13
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
-$22,276
Avg. Annual Appreciation
-3.49%
Purchase Details
Closed on
Dec 28, 2022
Sold by
Paramount Investments Llc
Bought by
White Rhino Real Estate Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
6.58%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $875,000 | -- | |
| Warranty Deed | $875,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $656,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Sold | $1,150,000 | -11.5% | $1,629 / Sq Ft |
| 03/28/2025 03/28/25 | Pending | -- | -- | -- |
| 01/10/2025 01/10/25 | For Sale | $1,300,000 | 0.0% | $1,841 / Sq Ft |
| 10/08/2024 10/08/24 | Off Market | $1,400 | -- | -- |
| 09/26/2024 09/26/24 | For Rent | $1,400 | -- | -- |
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 | $2,140 | $108,020 | $3,470 | $104,550 |
| 2024 | $2,140 | $98,620 | $3,470 | $95,150 |
| 2023 | $1,852 | $98,620 | $3,470 | $95,150 |
| 2022 | $2,031 | $84,300 | $3,470 | $80,830 |
| 2021 | $1,696 | $84,190 | $3,470 | $80,720 |
| 2020 | $1,668 | $74,870 | $1,490 | $73,380 |
| 2019 | $1,668 | $74,870 | $1,490 | $73,380 |
| 2018 | $34 | $74,870 | $1,490 | $73,380 |
| 2017 | $34 | $74,870 | $1,490 | $73,380 |
| 2016 | $1,058 | $74,870 | $1,490 | $73,380 |
| 2015 | $1,058 | $46,610 | $1,490 | $45,120 |
Source: Public Records
Agents Affiliated with this Home
-
Phillip Shirk
-
Lindsey McEnaney
Seller Co-Listing Agent in 2025
Lindsey McEnaney
AWRE - Commercial & Development
(563) 419-7644
1 in this area
21 Total Sales
-
Lynette Sorensen
Buyer's Agent in 2025
Lynette Sorensen
RE/MAX
(319) 504-2789
1 in this area
37 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20250663
APN: 8913-24-353-016
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