Seller's Agent in 2025
Laura Merchan
SKOGMAN REALTY
(319) 551-8900
4 in this area
100 Total Sales
3902 1st Ave NE Cedar Rapids, IA 52402
Kenwood Park Neighborhood
--
Bed
--
Bath
1,904
Sq Ft
6,708
Sq Ft Lot
Highlights
- No HOA
- Wood Siding
- Heating System Uses Gas
- Central Air
About This Home
As of July 2025Investors, 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!
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.55%
Original Mortgage
$273,900
Outstanding Balance
$273,436
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
$29,759
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $274,000 | None Listed On Document | |
| Warranty Deed | $274,000 | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $136,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $273,900 | Credit Line Revolving | |
| Closed | $273,900 | Credit Line Revolving | |
| Previous Owner | $190,000 | Commercial |
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 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 |
|---|---|---|---|---|
| 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
-
Julie Kraus
J
Buyer's Agent in 2025
Julie Kraus
IOWA REALTY
(319) 393-4900
4 in this area
51 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2503852
APN: 14112-28034-00000
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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