NOT LISTED FOR SALE
-- Bed
-- Bath
2,344 Sq Ft
7,187 Sq Ft Lot

Sale Details

Date Sold: February 15, 2023

Last sale price $167,000 $71 Per Sq Ft

1 Day on Market

About This Home

As of February 2023

Great investment property in a great location! This 5 unit building sits in a prime Marion location and already fully occupied with long term tenants. Units A and B have been recently updated. New water heaters added in 2 units, new furnace added to an upstairs unit. New electrical service to the building along with a new water line that was just added by the city. 2 stall garage currently rented for $100 per mo. Call me today for more information!

Last Agent to Sell the Property

Rossilyn Babington

Pinnacle Realty LLC Listed on: 01/13/2023

Pinnacle Realty LLC

Last Buyer's Agent

Wynn Nguyen

Pinnacle Realty LLC

Pinnacle Realty LLC
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,577

Year Built

  • 1900

Lot Details

  • 7,187 Sq Ft Lot
  • Lot Dimensions are 60 x 120

Parking

  • 2 Parking Spaces

Home Design

  • 2,344 Sq Ft Home
  • Frame Construction

Additional Features

  • Deck
  • Heating System Uses Gas

Community Details

  • Gross Income $25,200
  • Net Operating Income $16,445

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,577

Year Built

1900

Lot Details

7,187 Sq Ft Lot

Listing Details

  • Acres: 0.1650
  • City Name: Marion
  • Gross Tax: 2577
  • List User Cell Phone: 319-804-5621
  • Miscellaneous: Common Laundry-Owned, Deck/Patio, Ten Storag
  • Net Tax: 2578
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 4
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.04375
  • Ratio Close Price By Original Li: 1.04375
  • Ratio Current Price By Sq Ft: 71.25
  • Total Sq Ft: 2344
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Cooling: Gas Heat

Lot Info

  • Lot Size: 60 X 120

Rental Info

  • Owner Pays: Water
  • Total Expenses: 8755

Multi Family

  • Gross Income: 25200
  • Net Operating Income: 16445.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 10, 2023
Sold by
Bought by
Seller's Agent
Rossilyn Babington
Pinnacle Realty LLC
Buyer's Agent
Wynn Nguyen
Pinnacle Realty LLC
List Price
$160,000
Sold Price
$167,000
Premium/Discount to List
$7,000
4.38%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Outstanding Balance
$156,507
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2017
Closed on
Apr 19, 2017
Sold by
Bought by
Seller's Agent
Brenda Neuendorf
Pinnacle Realty LLC
Buyer's Agent
Rossilyn Babington
Pinnacle Realty LLC
List Price
$80,000
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%
Original Mortgage
$80,000
Interest Rate
4.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 5, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
7.8%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Marion, IA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$167,000 --
$80,000 None Available
-- None Available
$77,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $167,000
Previous Owner $80,000
Previous Owner $62,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2023 02/15/23 Sold $167,000 +4.4% $71 / Sq Ft
01/14/2023 01/14/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $160,000 +100.0% $68 / Sq Ft
04/20/2017 04/20/17 Sold $80,000 0.0% $38 / Sq Ft View Prior Sale
03/20/2017 03/20/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $80,000 -- $38 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,266 $219,000 $13,500 $205,500
2024 $2,266 $156,400 $13,500 $142,900
2023 $2,266 $155,800 $24,000 $131,800
2022 $28,600 $101,800 $18,000 $83,800
2021 $2,578 $101,800 $18,000 $83,800
2020 $2,432 $89,900 $18,000 $71,900
2019 $2,574 $89,900 $18,000 $71,900
2018 $2,730 $87,500 $18,000 $69,500
2017 $3,060 $88,700 $18,000 $70,700
2016 $3,060 $88,700 $18,000 $70,700
2015 $3,174 $88,700 $18,000 $70,700
2014 $3,174 $83,900 $18,000 $65,900
2013 $3,122 $83,900 $18,000 $65,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2300257

Cedar Rapids Area Association of REALTORS®
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