NOT LISTED FOR SALE

3902 1st Ave NE Cedar Rapids, IA 52402

Kenwood Park Neighborhood

Estimated Value: $290,923

Studio
-- Bath
1,904 Sq Ft
$153/Sq Ft Est. Value

Sale Details

Date Sold: July 17, 2025

Last sale price $273,900 $144 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,812 / mo

23 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Heating System Uses Gas
  • Central Air

About This Home

As of July 2025

Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy. The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage. Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!

Last Agent to Sell the Property

Laura Merchan

SKOGMAN REALTY Listed on: 05/28/2025

SKOGMAN REALTY

Last Buyer's Agent

Julie Kraus

IOWA REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,584

Year Built

  • Built in 1956

Lot Details

  • 6,708 Sq Ft Lot

Home Design

  • 1,904 Sq Ft Home
  • Frame Construction
  • Wood Siding

Schools

  • Kenwood Elementary School
  • Franklin Middle School
  • Washington High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 14112-28034-00000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,584

Year Built

Built in 1956

Lot Details

6,708 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Zoning: Commerci
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.154
  • Reso Pets Allowed: No
  • Co List Office Phone: 319-366-6427
  • MLS Status: Closed
  • Directions: Corner of 1st Ave & Kenmore St
  • Year Built: 1956
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kenwood
  • High School: Washington
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Dimensions: IRR
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14112-28034-00000
  • Zoning Description: Commerci

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 3
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 3584.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2025
Closed on
Jul 14, 2025
Sold by
Jetts Properties Llc
Bought by
Stacey Allison Colledge Skelton Living Trust
Seller's Agent
Laura Merchan
SKOGMAN REALTY
Buyer's Agent
Julie Kraus
IOWA REALTY
List Price
$284,900
Sold Price
$273,900
Premium/Discount to List
-$11,000
-3.86%
Views
25
Current Estimated Value
$290,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,023
Avg. Annual Appreciation
7.93%
Original Mortgage
$273,900
Outstanding Balance
$273,436
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
$17,487

Purchase Details

Closed on
Mar 30, 2016
Sold by
Rickels Properties Lc
Bought by
Jetts 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
$190,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2001
Sold by
Gharib John and Gharib John E
Bought by
Rickels Properties Lc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Stacey Allison Colledge Skelton Living Trust $274,000 None Listed On Document
Stacey Allison Colledge Skelton Living Trust $274,000 None Listed On Document
Jetts Properties Llc -- None Available
Rickels Properties Lc $136,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stacey Allison Colledge Skelton Living Trust $273,900
Closed Stacey Allison Colledge Skelton Living Trust $273,900
Previous Owner Jetts Properties Llc $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2025 07/17/25 Sold $273,900 -3.9% $144 / Sq Ft
06/20/2025 06/20/25 Pending -- -- --
05/28/2025 05/28/25 For Sale $284,900 -- $150 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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
2025 $3,224 $197,900 $47,000 $150,900
2024 $3,830 $182,200 $47,000 $135,200
2023 $3,830 $182,200 $47,000 $135,200
2022 $4,094 $181,600 $47,000 $134,600
2021 $4,408 $181,600 $47,000 $134,600
2020 $4,408 $182,000 $47,000 $135,000
2019 $4,542 $158,500 $23,500 $135,000
2018 $5,790 $158,500 $23,500 $135,000
2017 $3,994 $126,600 $23,500 $103,100
2016 $5,056 $126,600 $23,500 $103,100
2015 $3,084 $143,777 $46,953 $96,824
2014 $3,060 $143,777 $46,953 $96,824
2013 $4,304 $143,777 $46,953 $96,824
Source: Public Records

Agents Affiliated with this Home

  • Laura Merchan

    Seller's Agent in 2025

    Laura Merchan

    SKOGMAN REALTY

    (319) 551-8900

    6 in this area

    112 Total Sales

    Laura Merchan
    Section Image

  • J

    Buyer's Agent in 2025

    Julie Kraus

    IOWA REALTY

    (319) 393-4900

    6 in this area

    56 Total Sales

    Julie Kraus
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2503852

Cedar Rapids Area Association of REALTORS®

APN: 14112-28034-00000

Iowa Linn County Cedar Rapids 52402 Kenwood Park

3902 1st Ave NE, Cedar Rapids, IA

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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