Daphne Patton
Urban Acres Real Estate Corridor
(319) 519-4684
103 Total Sales
2 in Fairfax
$239,900 Price Range
400 Vanderbilt St Fairfax, IA 52228
Fairfax AreaEstimated Value: $135,000 - $147,000
Studio
--
Bath
2,292
Sq Ft
$62/Sq Ft
Est. Value
Highlights
- Fenced
- Prairie View Elementary School Rated 9+
- Wood Siding
About This Home
As of August 2025Great opportunity to own a fully rented 4-plex in the heart of Fairfax. This income-producing property features a solid rental history with some long-term tenants already in place, offering immediate cash flow for the next owner. The property is part of an estate and is being sold as-is. See disclosure and recent rental inspection. Any and all repairs including rental permit repairs shall be the responsibility of the buyer after closing.
No private showings will be offered.
There will be three public and agent viewing opportunities based on the following schedule:
Wednesday, July 23, from 4:00 PM to 6:00 PM
Sunday, July 27, from 1:00 PM to 3:00 PM
Monday, July 28, from 4:00 PM to 6:00 PM
Any and all offers are due by 12pm, Tuesday, July 29.
Don't miss this chance to invest in a well-maintained multi-unit property in a growing community.
Last Agent to Sell the Property
Stefan Real Estate + Development
Twenty40 Real Estate + Development Listed on: 07/21/2025
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,591
Year Built
- Built in 1900
Lot Details
- 8,494 Sq Ft Lot
- Lot Dimensions are 85 x 100
- Fenced
Home Design
- Block Foundation
- Frame Construction
- Wood Siding
- Vinyl Siding
Interior Spaces
- 2,292 Sq Ft Home
- Basement Fills Entire Space Under The House
Schools
- College Comm Elementary And Middle School
- College Comm High School
Listing and Financial Details
- The owner pays for gas
- Assessor Parcel Number 201613000300000
Community Details
Overview
- 4 Units
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $5,294
- Gross Income $28,840
- Net Operating Income $23,746
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2025
Closed on
Aug 25, 2025
Sold by
Bought by
Seller's Agent
Stefan Real Estate + Development
Twenty40 Real Estate + Development
Buyer's Agent
Mike Selling Team
GRAF REAL ESTATE, ERA POWERED
List Price
$89,900
Sold Price
$140,000
Premium/Discount to List
$50,100
55.73%
Views
16
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
$1,000
Avg. Annual Appreciation
0.77%
Purchase Details
Closed on
Oct 19, 2002
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fairfax, IA
-
Daphne Patton
-
John Shaw
John Shaw
Keller Williams Legacy Group
(319) 552-6640
8 Total Sales
1 in Fairfax
$360,000 Price
-
Michelle Erickson
Michelle Erickson
CENTURY 21 Signature Real Estate
(319) 988-6214
86 Total Sales
2 in Fairfax
$210K - $294K Price Range
-
Star Horak
Star Horak
Pinnacle Realty LLC
(319) 432-0727
102 Total Sales
3 in Fairfax
$150K - $543K Price Range
-
Jim Zachar
Jim Zachar
Realty87
(319) 900-5907
100 Total Sales
3 in Fairfax
$350K - $451K Price Range
-
Molly Iversen
Molly Iversen
Realty87
(319) 900-5651
62 Total Sales
1 in Fairfax
$181,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $140,000 | River Ridge Escrow | ||
| $140,000 | River Ridge Escrow | ||
| $74,500 | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Sold | $140,000 | +55.7% | $61 / Sq Ft |
| 07/30/2025 07/30/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | For Sale | $89,900 | -- | $39 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,612 | $107,700 | $12,000 | $95,700 |
| 2024 | $1,612 | $101,700 | $12,000 | $89,700 |
| 2023 | $1,612 | $105,700 | $16,000 | $89,700 |
| 2022 | $161,200 | $91,100 | $12,000 | $79,100 |
| 2021 | $2,002 | $97,500 | $12,000 | $85,500 |
| 2020 | $1,734 | $78,800 | $12,000 | $66,800 |
| 2019 | $1,836 | $72,700 | $12,000 | $60,700 |
| 2018 | $1,838 | $72,700 | $12,000 | $60,700 |
| 2017 | $2,018 | $73,700 | $12,000 | $61,700 |
| 2016 | $2,018 | $73,700 | $12,000 | $61,700 |
| 2015 | $2,080 | $73,700 | $12,000 | $61,700 |
| 2014 | $2,080 | $50,600 | $12,000 | $38,600 |
| 2013 | $1,468 | $50,600 | $12,000 | $38,600 |
Source: Public Records
Agents Affiliated with this Home
-
Stefan Real Estate + Development
S
Seller's Agent in 2025
Stefan Real Estate + Development
Twenty40 Real Estate + Development
(319) 423-9515
42 Total Sales
-
Rhyse Pelley
Seller Co-Listing Agent in 2025
Rhyse Pelley
Twenty40 Real Estate + Development
(319) 929-5330
107 Total Sales
-
Mike Selling Team
M
Buyer's Agent in 2025
Mike Selling Team
GRAF REAL ESTATE, ERA POWERED
(319) 981-3702
862 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2506337
APN: 20161-30003-00000
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.
Nearby Homes
- 252 Park St
- 150 W Cemetery Rd
- 440 Driftwood Ln
- 1388 Cardinal Dr
- 1433 Deerfield Dr
- 1395 Applewood Dr
- 1418 Cardinal Dr
- 1421 Applewood Dr
- 1435 Cardinal Dr
- 1443 Cardinal Dr
- 1523 Eagleview Dr
- 1523 Eagleview Dr
- 1536 Deerfield Dr
- 1543 Cardinal Dr
- 1601 Heartland St
- 5005 Sunset Dr
- 7405 Beverly Rd SW
- 426 Wildflower Cir
- 4172 Lakeview Dr SW
- 426 Prairie View Dr
Your Personal Tour Guide
Ask me questions while you tour the home.