$239,900
SOLD SEP 20, 2017

4005 Southlawn Rd Unit 4007 Cedar Falls, IA 50613

-- Bed
-- Bath
1,056 Sq Ft
9,100 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

0 Day on Market

Highlights

  • Deck
  • Patio
  • Garage
  • Southdale Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • Privacy Fence

About This Home

As of September 2017

Hard to find DUPLEX listing in Cedar Falls! This one is all updated and occupied for immediate cash flow! Upper unit rented for $1175 and lower unit rented for $1100. Gross rent is $27,300. Upstairs unit updates include - windows, deck door, window blinds, luxury vinyl tile flooring in kitchen/bath/dining room, carpet, paint, toilet, and quartz vanity top/sink in bath. Lower unit updates include - windows, patio door, window blinds, luxury vinyl tile flooring in kitchen/bath/dining room, carpet, toilet, quartz vanity top/sink in bath, and quartz counter top/sink in kitchen. Each unit has 3 bedrooms, 1 bath and share a detached double garage. Great opportunity in a great location!

Last Agent to Sell the Property

Dan Berregaard

Oakridge Real Estate License #B40431 Listed on: 08/08/2017

Oakridge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,982

Year Built

  • Built in 1982

Lot Details

  • 9,100 Sq Ft Lot
  • Lot Dimensions are 70 x 130
  • Privacy Fence

Home Design

  • Duplex
  • Split Foyer
  • Concrete Foundation
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Laundry

  • Laundry on lower level

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Parking

  • Garage
  • 4 Open Parking Spaces
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Southdale Elementary School
  • Peet Junior High
  • Cedar Falls High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, trash collection, water
  • Assessor Parcel Number 891424454003

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $1,300
  • Gross Income $27,300
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,982

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Parcel Number: 891424454003
  • Year Built: 1982
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor, Laundry Closet, Lower Level
  • Lot Size Acres: 0.209
  • Road Frontage Type: Paved Streets
  • Co List Office Phone: 319-277-5005
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1056
  • Architectural Style: Duplex, Split Foyer
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete, Entrance-Outside, Finished, Walk-Out Access
  • Below Grade Sq Ft: 1000

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Sidewalk, Deck, Patio, Fence Privacy
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Detached, Garage, Paved, Street Parking

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Separate Meters, Water - Multiple Meters
  • Water Source: City

Schools

  • Elementary School: Southdale Elementary
  • High School: Cedar Falls High
  • Middle Or Junior School: Peet Junior High

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 70 x 130
  • Lot Size Sq Ft: 9100
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Gross Income: 27300
  • Operating Expense: 1300
  • Number Of Units Total: 2
  • Net Operating Income: 26000

Tax Info

  • Tax Annual Amount: 2982

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2017
Closed on
Sep 20, 2017
Sold by
Bockes & Kunkle Holdings Llc
Bought by
Iehl Calvin R and Irhl Debra S
Seller's Agent
Dan Berregaard
Oakridge Real Estate
List Price
$239,900
Sold Price
$239,900
Current Estimated Value
$281,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,664
Avg. Annual Appreciation
0.56%
Original Mortgage
$179,925
Outstanding Balance
$152,235
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$98,617

Purchase Details

Listed on
Aug 15, 2016
Closed on
Sep 24, 2016
Sold by
Foss Ronald L
Bought by
Bockes & Kunkle Holdings Llc
Seller's Agent
Bruce Wingert
Structure Real Estate
List Price
$179,900
Sold Price
$180,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.06%

Purchase Details

Closed on
Jun 3, 2004
Sold by
Smith Paul A and Smith Gina
Bought by
Foss Ronald L
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $180,000 None Available
Warranty Deed $150,000 Title Services Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $179,925 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2017 09/20/17 Sold $239,900 0.0% $227 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $239,900 +33.3% $227 / Sq Ft
09/27/2016 09/27/16 Sold $180,000 +0.1% $170 / Sq Ft
08/19/2016 08/19/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $179,900 -- $170 / Sq Ft
Source: Northeast Iowa Regional Board 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
2024 $3,722 $231,250 $34,300 $196,950
2023 $3,610 $231,250 $34,300 $196,950
2022 $3,654 $195,600 $34,300 $161,300
2021 $3,654 $195,600 $34,300 $161,300
2020 $3,136 $171,870 $24,010 $147,860
2019 $3,136 $171,870 $24,010 $147,860
2018 $2,920 $157,990 $24,010 $133,980
2017 $2,982 $157,990 $24,010 $133,980
2016 $2,792 $157,990 $24,010 $133,980
2015 $2,792 $157,990 $24,010 $133,980
2014 $2,606 $145,810 $24,010 $121,800
Source: Public Records

Agents Affiliated with this Home

  • Dan Berregaard

    Seller's Agent in 2017

    Dan Berregaard

    Oakridge Real Estate

    (319) 269-1549

    77 in this area

    147 Total Sales

    Dan Berregaard
    Section Image

  • B

    Seller's Agent in 2016

    Bruce Wingert

    Structure Real Estate

    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20174399

Northeast Iowa Regional Board of REALTORS®

APN: 8914-24-454-003

Iowa Black Hawk County Cedar Falls 50613

4005 Southlawn Rd Unit 4007, Cedar Falls, IA

This home is located at 4005 Southlawn Rd Unit 4007, Cedar Falls, IA 50613 and is currently priced at $239,900, approximately $227 per square foot. This property was built in 1982. 4005 Southlawn Rd Unit 4007 is a home located in Black Hawk County with nearby schools including Southdale Elementary School, Peet Junior High School, and Cedar Falls 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.

Northeast Iowa Regional Board 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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