NOT LISTED FOR SALE

3311 Pioneer Ave SE Cedar Rapids, IA 52403

-- Bed
-- Bath
29,872 Sq Ft
1.96 Acres

Last Sold October 15, 2015

Last sale price $1,380,000 $46 Per Sq Ft

7 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • Heating System Uses Gas

About This Home

As of October 2015

3 buildings on 1.9 acres next to upscale residential. 31 out of 40 units have been completely redone. Three still need work. Average rent is $529/mo. Comps suggest $540 to $550.

Last Agent to Sell the Property

Bob Wilkes

SKOGMAN REALTY COMMERCIAL Listed on: 08/28/2015

SKOGMAN REALTY COMMERCIAL

Co-Listed By

Mike Shaffer

SKOGMAN REALTY COMMERCIAL

Last Buyer's Agent

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,296

Year Built

  • 1970

Lot Details

  • 1.96

Home Design

  • 29,872 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Deck
  • 1.96 Acre Lot

Community Details

  • Gross Income $236,000
  • Net Operating Income $123,282

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,296

Year Built

1970

Lot Details

0

Listing Details

  • Acres: 1.9600
  • City Name: Cedar Rapids
  • Condo Co-Op YN: Yes
  • Expense Info: Owner Provided
  • Gross Tax: 23296
  • Miscellaneous: Common Laundry-Leased, Deck/Patio, Sep. Meter – Electric, Sep. Meter – Gas
  • Net Tax: 23296
  • Noof Units Two Bedroom: 40
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.95172
  • Ratio Close Price By Original Li: 0.95172
  • Ratio Current Price By Sq Ft: 46.20
  • Total Sq Ft: 29872
  • Style St: Upper/Lower
  • Taxable Value Tv: 1124000.00
  • Tax Roll Number: 1426401001, 1426402001
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Multi-Fm
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Central Air, Electricity Heat, Forced Air, Gas Heat

Schools

  • Elementary School: Erskine
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: Irregular

Rental Info

  • Owner Pays: Water
  • Total Expenses: 101167

Multi Family

  • Gross Income: 236000
  • Net Operating Income: 123282.00

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

Property History

Date Event Price Change Sq Ft Price
10/15/2015 10/15/15 Sold $1,380,000 -4.8% $46 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $1,450,000 -- $49 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Bob Wilkes

    SKOGMAN REALTY COMMERCIAL

    (319) 540-1178

    2 Total Sales

    Bob Wilkes
    Section Image
  • Mike Shaffer

    Seller Co-Listing Agent in 2015

    Mike Shaffer

    SKOGMAN REALTY COMMERCIAL

    (319) 366-6427

    29 Total Sales

    Mike Shaffer
    Section Image

  • G

    Buyer's Agent in 2015

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1506721

Cedar Rapids Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52403

3311 Pioneer Ave SE, Cedar Rapids, IA

This home is located at 3311 Pioneer Ave SE, Cedar Rapids, IA 52403 since 28 August 2015. This property was built in 1970. 3311 Pioneer Ave SE is a home located in Linn County with nearby schools including Erskine Elementary School, McKinley STEAM Academy, and George Washington High School.

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.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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