NOT LISTED FOR SALE

371 16th St SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood

Estimated Value: $83,000 - $129,983

5 Beds
1 Bath
1,674 Sq Ft
$68/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $61,177 $37 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $788/month

6 Days on Market

About This Home

As of August 2023

Calling 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.

Last Agent to Sell the Property

Jill Monnahan

SKOGMAN REALTY Listed on: 07/12/2023

SKOGMAN REALTY

Co-Listed By

Jacey Slaton

SKOGMAN REALTY

Last Buyer's Agent

Curtis Cleveland

Realty87

Realty87

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

Home Details

Home Type

Single Family

Year Built

1905

Lot Details

0

Listing Details

  • Style: 2 Stories, Over 2 Stories
  • Acres: 0.0600
  • Above Grade Finished Sq Ft: 1674
  • Total Bathrooms: 1.00
  • Bedrooms Level 3: 2
  • Total Bedrooms: 5
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Dining 'L', Eat-In Kitchen, Kitchen/Dining Combo
  • Gross Tax: 2127
  • List User Cell Phone: 319-981-1409
  • Net Tax: 1941
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.02132
  • Ratio Close Price By Original Li: 1.02132
  • Ratio Current Price By Sq Ft: 36.55
  • Total Sq Ft: 1674
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1905

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Bedrooms Level 2: 3
  • Level 2 Full Bathrooms: 1
  • Master Bedroom Level: Level 2

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Schools

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

Lot Info

  • Lot Size: 45x60

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
Realty87
List Price
$59,900
Sold Price
$61,177
Premium/Discount to List
$1,277
2.13%
Views
68
Current Estimated Value
$113,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,069
Avg. Annual Appreciation
36.37%
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
Source: Public Records

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
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

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
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

    219 Total Sales

    Jill Monnahan
    Section Image
  • Jacey Slaton

    Seller Co-Listing Agent in 2023

    Jacey Slaton

    SKOGMAN REALTY

    (319) 551-2361

    6 in this area

    149 Total Sales

    Jacey Slaton
    Section Image
  • Curtis Cleveland

    Buyer's Agent in 2023

    Curtis Cleveland

    Realty87

    (319) 360-0708

    23 in this area

    154 Total Sales

    Curtis Cleveland
    Section Image
  • Terry Knake

    Seller's Agent in 2019

    Terry Knake

    SKOGMAN REALTY COMMERCIAL

    (319) 310-6734

    15 in this area

    39 Total Sales

    Terry Knake
    Section Image

  • G

    Buyer's Agent in 2019

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2304472

Cedar Rapids Area Association of REALTORS®

APN: 14222-84038-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

371 16th St SE, Cedar Rapids, IA

This home is located at 371 16th St SE, Cedar Rapids, IA 52403 since 12 July 2023 and is currently estimated at $113,246, approximately $67 per square foot. This property was built in 1905. 371 16th St SE is a home located in Linn County with nearby schools including Johnson 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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