NOT LISTED FOR SALE

321 Clay St Unit 1-4 Cedar Falls, IA 50613

Estimated Value: $236,000 - $299,000

4 Beds
5 Baths
1,412 Sq Ft
$198/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $265,000 $188 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,885/month

56 Days on Market

About This Home

As of March 2023

Great investment opportunity with 4 apartments. Close proximity to downtown, trails, park and more. Great income producing property. Some recent updates include fresh paint in the common areas, and new flooring. Rent roll and p/l available upon request.

Last Listed By

Emsad Begic

Vine Valley Real Estate License #B56539000 Listed on: 10/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,086

Year Built

  • Built in 1880

Lot Details

  • 5,478 Sq Ft Lot
  • Lot Dimensions are 66 x 83

Home Design

  • Quadruplex
  • Asphalt Roof
  • Vinyl Siding

Parking

  • 1 Open Parking Space
  • On-Street Parking

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Radiant Heating System

Additional Features

  • Partially Finished Basement

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 891412186006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,086

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Parcel Number: 891412186006
  • Year Built: 1880
  • Property Sub-Type: Fourplex
  • ResoLaundryFeatures: None
  • Lot Size Acres: 0.13
  • Co List Office Phone: 319-249-5468
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1412
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Below Grade Sq Ft: 1412

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 1
  • Parking Features: Attached, Gravel, Street Parking

Utilities

  • Cooling: Window Unit(s)
  • Heating: Gas, Radiant
  • Sewer: City Sewer
  • Utilities: Garbage in Rent, Gas in Rent, Water in Rent
  • Water Source: City

Schools

  • Elementary School: Lincoln Elementary CF
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: C-1
  • Lot Dimensions: 66 x 83
  • Lot Size Sq Ft: 5478

Rental Info

  • Tenant Pays: None
  • Lease Term: Other

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4086

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Mar 1, 2023
Sold by
Cv Properties Llc
Bought by
Fierce Samuel
Seller's Agent
Emsad Begic
Vine Valley Real Estate
List Price
$270,000
Sold Price
$265,000
Premium/Discount to List
-$5,000
-1.85%
Total Days on Market
56
Views
76
Current Estimated Value
$279,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,859
Avg. Annual Appreciation
2.23%
Original Mortgage
$198,750
Outstanding Balance
$194,285
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$83,879

Purchase Details

Closed on
Dec 17, 2021
Sold by
321 Clay Co-Op Inc
Bought by
Cv Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,003,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Range of Values:

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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
Fierce Samuel $265,000 Title Services
Cv Properties Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fierce Samuel $198,750
Previous Owner Cv Properties Llc $6,003,500
Previous Owner 321 Clay Co Op Inc $2,800,000
Previous Owner 321 Clay Co Op Inc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $265,000 -1.9% $188 / Sq Ft
12/02/2022 12/02/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $270,000 -- $191 / Sq Ft
Source: Northeast Iowa Regional 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
2024 $3,992 $228,890 $26,070 $202,820
2023 $4,502 $228,890 $26,070 $202,820
2022 $4,086 $218,730 $31,280 $187,450
2021 $3,684 $218,730 $31,280 $187,450
2020 $3,612 $197,900 $31,280 $166,620
2019 $3,612 $197,900 $31,280 $166,620
2018 $3,400 $184,010 $31,280 $152,730
2017 $3,212 $184,010 $31,280 $152,730
2016 $3,006 $170,130 $31,280 $138,850
2015 $3,006 $170,130 $31,280 $138,850
2014 $3,410 $170,130 $31,280 $138,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20224730

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-186-006