371 16th St SE Cedar Rapids, IA 52403
Wellington Heights NeighborhoodEstimated Value: $75,000 - $124,000
5
Beds
1
Bath
1,674
Sq Ft
$66/Sq Ft
Est. Value
About This Home
As of August 2023Calling all savvy investors! Prepare to embark on a thrilling real estate adventure with this hidden gem. This 5-bedroom home is a jackpot waiting to be claimed, offering a plethora of opportunities to maximize your returns.
The easy-to-maintain yard is a dream come true for busy investors who want to spend less time on upkeep and more time counting their profits. Sit back, relax, and watch your investment flourish while others toil away in their gardens.
The open front porch sets the stage for a warm and welcoming entrance. Picture yourself sipping lemonade and engaging in friendly banter with potential tenants or buyers, as they fall head over heels for the charm and potential of this property.
Step inside and be captivated by the open floor plan that invites endless possibilities. The breakfast bar serves as a social hub, where residents can mingle, share stories, and create memories. The dining area offers the perfect backdrop for elegant dinner parties or casual gatherings, ensuring every tenant feels right at home.
Don't underestimate the power of a large pantry! This hidden treasure provides ample storage space, allowing tenants to stock up on their favorite goodies without sacrificing valuable countertop real estate.
As you ascend to the second floor, you'll discover three bedrooms and a full bathroom, providing comfort and privacy for your future tenants. And the excitement doesn't end there! The third floor unveils two additional bedrooms, making this home a lucrative investment opportunity for accommodating larger families or groups.
Get ready to turn this canvas into a masterpiece. With your financial prowess and a touch of imagination, you can transform this property into a highly sought-after residence that will have tenants lining up at your door.
So, put on your investor cap, buckle up, and get ready to embark on a fun-filled journey that promises both laughter and financial success. This opportunity won't last long, so seize the day and let your investment dreams soar to new heights!
Buyer should verify the finished sq. ft. This is a foreclosure property and the following is required - please allow 48 Business Hours On Response Time For Offers. As-Is Addendum Included In The Supplemental Docs must accompany any offer. Also *Note, any lender letter must state that the appraisal is an As Is appraisal and no repairs will be required.
Home Details
Home Type
- Single Family
Year Built
- 1905
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 45x60
Home Design
- Frame Construction
- Vinyl Construction Material
Interior Spaces
- 1,674 Sq Ft Home
- 2-Story Property
- L-Shaped Dining Room
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Breakfast Bar
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary bedroom located on second floor
- 1 Full Bathroom
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2023
Closed on
Aug 4, 2023
Sold by
Collins Community Cu
Bought by
Dsb Management Llc
Seller's Agent
Jill Monnahan
SKOGMAN REALTY
Buyer's Agent
Curtis Cleveland
COLDWELL BANKER HEDGES
List Price
$59,900
Sold Price
$61,177
Premium/Discount to List
$1,277
2.13%
Total Days on Market
6
Views
68
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
$49,117
Avg. Annual Appreciation
39.25%
Original Mortgage
$155,000
Outstanding Balance
$150,808
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$40,514
Purchase Details
Listed on
Jan 16, 2019
Closed on
Feb 22, 2019
Sold by
Hope Community Development Assn Inc
Bought by
Fligor Ryan J and Noethe Amanda L
Seller's Agent
Terry Knake
SKOGMAN REALTY COMMERCIAL
Buyer's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$78,950
Sold Price
$81,500
Premium/Discount to List
$2,550
3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.27%
Original Mortgage
$12,225
Interest Rate
4.4%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Dec 28, 2017
Sold by
Norton Ronald F and Hudgins Norton Jan
Bought by
Hope Community Development Association I
Purchase Details
Closed on
Apr 2, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
Norton Ronald F and Hudgins Norton Jan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.92%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 11, 2007
Sold by
Camarillo Jesus and Camarillo Anna
Bought by
Bembenek Robert J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,510
Interest Rate
10.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 17, 2005
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Camarillo Jesus M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
5.93%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
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Similar Homes in Cedar Rapids, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dsb Management Llc | $61,500 | None Listed On Document | |
| Fligor Ryan J | $81,500 | None Available | |
| Hope Community Development Association I | $15,000 | None Available | |
| Norton Ronald F | $34,500 | None Available | |
| Bembenek Robert J | $79,000 | None Available | |
| Camarillo Jesus M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dsb Management Llc | $155,000 | |
| Previous Owner | Fligor Ryan J | $12,225 | |
| Previous Owner | Fligor Ryan J | $65,200 | |
| Previous Owner | Norton Ronald F | $35,000 | |
| Previous Owner | Bembenek Robert J | $75,510 | |
| Previous Owner | Camarillo Jesus M | $59,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2023 08/11/23 | Sold | $61,177 | +2.1% | $37 / Sq Ft |
| 07/18/2023 07/18/23 | Pending | -- | -- | -- |
| 07/12/2023 07/12/23 | For Sale | $59,900 | -26.5% | $36 / Sq Ft |
| 03/08/2019 03/08/19 | Sold | $81,500 | +3.2% | $49 / Sq Ft |
| 01/19/2019 01/19/19 | Pending | -- | -- | -- |
| 01/16/2019 01/16/19 | For Sale | $78,950 | -- | $47 / Sq Ft |
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 | $1,942 | $101,700 | $13,300 | $88,400 |
| 2022 | $1,700 | $92,100 | $13,300 | $78,800 |
| 2021 | $1,718 | $82,100 | $11,200 | $70,900 |
| 2020 | $1,718 | $77,900 | $11,200 | $66,700 |
| 2019 | $972 | $0 | $0 | $0 |
| 2018 | $972 | $0 | $0 | $0 |
| 2017 | $1,030 | $47,300 | $9,800 | $37,500 |
| 2016 | $1,006 | $47,300 | $9,800 | $37,500 |
| 2015 | $1,126 | $52,942 | $9,765 | $43,177 |
| 2014 | $1,126 | $52,942 | $9,765 | $43,177 |
| 2013 | $1,102 | $52,942 | $9,765 | $43,177 |
Source: Public Records
Agents Affiliated with this Home
-
Jill Monnahan
Seller's Agent in 2023
Jill Monnahan
SKOGMAN REALTY
(319) 981-1409
5 in this area
216 Total Sales
-
Jacey Slaton
Seller Co-Listing Agent in 2023
Jacey Slaton
SKOGMAN REALTY
(319) 551-2361
6 in this area
146 Total Sales
-
Curtis Cleveland
Buyer's Agent in 2023
Curtis Cleveland
COLDWELL BANKER HEDGES
(319) 360-0708
24 in this area
155 Total Sales
-
Terry Knake
Seller's Agent in 2019
Terry Knake
SKOGMAN REALTY COMMERCIAL
(319) 310-6734
16 in this area
41 Total Sales
-
G
Buyer's Agent in 2019
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2304472
APN: 14222-84038-00000
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.
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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