Seller's Agent in 2024
Adam Gibbs
GLD Commercial Real Estate Advisors
(319) 731-3415
13 in this area
239 Total Sales
320 1st St SE Cedar Rapids, IA 52401
Downtown Cedar Rapids Neighborhood
0.39
Acre
$2,655,440
Price per Acre
16,814
Sq Ft Lot
Highlights
- 0.39 Acre Lot
- Level Lot
- 4-minute walk to Plaza Park
About This Lot
As of August 2024Prominent, high-profile corner lot on 1st Street SE in Downtown Cedar Rapids in the shadow of the Paramount Theatre. This lot is located in an opportunity zone and could be eligible for a city TIF incentive for the right project. Adjacent to this site are vacant lots owned by the City of Cedar Rapids that could also be available for purchase. Together, the City of Cedar Rapids lots and the listed lots total approximately 1 acre in size and would be a terrific fit for a larger, mixed-use development. Potential uses could include hotel, office, restaurant, multi-family or condo project with on-site parking or parking ramp element.
Property Details
Property Type
- Land
Est. Annual Taxes
- $21,532
Lot Details
- 0.39 Acre Lot
- Level Lot
Utilities
- Gas Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 4, 2018
Sold by
Risk Alice M
Bought by
Aspen Ventures Llc
Total Days on Market
674
Current Estimated Value
Purchase Details
Closed on
Dec 11, 2008
Sold by
Neumeyer Gregory W and Bowman Donald M
Bought by
Risk Alice M
Purchase Details
Closed on
Feb 1, 1999
Sold by
Bowman Donald M and Bowman Lorena J
Bought by
Risk Dr Winthrop S and Risk Alice M
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 | $1,000,000 | None Available | |
| Legal Action Court Order | $384,500 | None Available | |
| Contract Of Sale | $385,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $1,025,000 | 0.0% | -- |
| 08/09/2024 08/09/24 | Sold | $1,025,000 | -47.4% | -- |
| 03/21/2024 03/21/24 | Off Market | $1,950,000 | -- | -- |
| 02/16/2024 02/16/24 | Price Changed | $1,950,000 | 0.0% | -- |
| 02/16/2024 02/16/24 | Price Changed | $1,950,000 | -22.0% | -- |
| 09/07/2023 09/07/23 | For Sale | $2,500,000 | 0.0% | -- |
| 09/01/2023 09/01/23 | For Sale | $2,500,000 | +143.9% | -- |
| 08/16/2023 08/16/23 | Off Market | $1,025,000 | -- | -- |
| 08/16/2022 08/16/22 | For Sale | $2,500,000 | -- | -- |
Source: Cedar Rapids Area Association 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 |
|---|---|---|---|---|
| 2023 | $1,702 | $252,000 | $252,000 | $0 |
| 2022 | $2,862 | $50,400 | $50,400 | $0 |
| 2021 | $19,346 | $126,200 | $50,400 | $75,800 |
| 2020 | $19,346 | $859,800 | $252,000 | $607,800 |
| 2019 | $18,684 | $555,900 | $252,000 | $303,900 |
| 2018 | $16,870 | $555,900 | $252,000 | $303,900 |
| 2017 | $11,931 | $323,600 | $84,000 | $239,600 |
| 2016 | $11,931 | $323,600 | $84,000 | $239,600 |
| 2015 | $12,235 | $332,148 | $84,000 | $248,148 |
| 2014 | $9,656 | $332,148 | $84,000 | $248,148 |
| 2013 | $11,954 | $332,148 | $84,000 | $248,148 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2024
Nonmember NONMEMBER
NONMEMBER
-
D
Buyer's Agent in 2024
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
(239) 774-6598
7 in this area
4,915 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2207888
APN: 14281-31005-00000
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Information is deemed reliable but not guaranteed.
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