$35,000
SOLD DEC 9, 2022
-- Bed
-- Bath
1,676 Sq Ft
2,396 Sq Ft Lot

Recently Sold

$21 Per Sq Ft

131 Days on Market

About This Home

As of May 2024

Investment opportunity being sold as-is. First floor is a one bedroom unit rented for $600/month. Second floor is a one bedroom unit rented for $500/month. Third floor is an efficiency studio rented for $500. All tenants are on month-to-month leases. Tenants pay all utilities except water. Gas and Electric are all on separate meters. Lots of potential!

Seller willing to sell as package deal with mls 2208039 and 2206379

Last Agent to Sell the Property

Jesse Brennan

Keller Williams Legacy Group Listed on: 06/29/2022

Keller Williams Legacy Group

Last Buyer's Agent

Jesse Brennan

Keller Williams Legacy Group Listed on: 06/29/2022

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $642

Year Built

  • 1890

Lot Details

  • 2,396 Sq Ft Lot
  • Lot Dimensions are 40x60

Parking

  • 1 Parking Space

Home Design

  • 1,676 Sq Ft Home
  • Frame Construction

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • Gross Income $1,600

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$642

Year Built

1890

Lot Details

0

Listing Details

  • Acres: 0.0550
  • City Name: Cedar Rapids
  • Gross Tax: 642
  • List User Cell Phone: 319-521-1129
  • Miscellaneous: Sep. Meter – Electric, Sep. Meter – Gas
  • Net Tax: 642
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.46667
  • Ratio Current Price By Sq Ft: 20.88
  • Total Sq Ft: 1676
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Heating Cooling: Electricity Heat, Gas Heat

Schools

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

Lot Info

  • Lot Size: 40x60

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 1600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Dec 8, 2022
Sold by
Patrick Brennan Investments Inc
Bought by
Iowa Best Properties Llc
Seller's Agent
Jesse Brennan
Keller Williams Legacy Group
Buyer's Agent
Jesse Brennan
Keller Williams Legacy Group
List Price
$35,000
Sold Price
$35,000
Views
16
Current Estimated Value
$67,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,000
Avg. Annual Appreciation
28.00%
Original Mortgage
$45,000
Outstanding Balance
$43,898
Interest Rate
7.08%
Mortgage Type
Credit Line Revolving
Estimated Equity
$23,102

Purchase Details

Closed on
Dec 29, 2009
Sold by
Mwabank
Bought by
Patrick Brennan Investments Inc
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 Type Sale Price Title Company
Warranty Deed $35,000 --
Warranty Deed $5,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $45,000 Credit Line Revolving
Previous Owner $211,607 Unknown
Previous Owner $56,000 Commercial
Previous Owner $51,200 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $29,000 0.0% $12 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/29/2024 04/29/24 Price Changed $29,000 -25.6% $12 / Sq Ft
04/23/2024 04/23/24 Price Changed $39,000 -20.4% $17 / Sq Ft
04/17/2024 04/17/24 For Sale $49,000 +40.0% $21 / Sq Ft
12/09/2022 12/09/22 Sold $35,000 0.0% $21 / Sq Ft
12/06/2022 12/06/22 For Sale $35,000 0.0% $21 / Sq Ft
11/29/2022 11/29/22 Off Market $35,000 -- --
11/07/2022 11/07/22 Pending -- -- --
10/21/2022 10/21/22 Price Changed $35,000 -10.3% $21 / Sq Ft
10/12/2022 10/12/22 Price Changed $39,000 -9.3% $23 / Sq Ft
10/05/2022 10/05/22 Price Changed $43,000 -8.5% $26 / Sq Ft
09/23/2022 09/23/22 Price Changed $47,000 -6.0% $28 / Sq Ft
09/02/2022 09/02/22 Price Changed $50,000 -9.1% $30 / Sq Ft
08/22/2022 08/22/22 Price Changed $55,000 -6.8% $33 / Sq Ft
08/08/2022 08/08/22 Price Changed $59,000 -9.2% $35 / Sq Ft
07/26/2022 07/26/22 Price Changed $65,000 -12.2% $39 / Sq Ft
07/20/2022 07/20/22 Price Changed $74,000 -1.3% $44 / Sq Ft
06/29/2022 06/29/22 For Sale $75,000 -- $45 / 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 $486 $26,000 $11,800 $14,200
2022 $514 $23,000 $11,800 $11,200
2021 $642 $21,100 $9,900 $11,200
2020 $642 $24,300 $8,700 $15,600
2019 $640 $22,500 $8,700 $13,800
2018 $668 $22,500 $8,700 $13,800
2017 $834 $25,300 $8,700 $16,600
2016 $834 $25,300 $8,700 $16,600
2015 $1,068 $31,054 $8,680 $22,374
2014 $1,068 $30,448 $3,600 $26,848
2013 $1,108 $30,448 $3,600 $26,848
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2205701

Cedar Rapids Area Association of REALTORS®

APN: 14223-02035-00000