NOT LISTED FOR SALE

401 7th Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $170,000 - $178,328

6 Beds
4 Baths
3,200 Sq Ft
$54/Sq Ft Est. Value

Last Sold April 27, 2022

Last sale price $160,000 $50 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,165/month

4 Days on Market

About This Home

As of April 2022

Two duplexes on one parcel. Many rents not raised in many years. Buyer prequalification information sent to agent prior to any showings or offers. All financials, rent roll, etc in MLS. No showings scheduled through Showingtime. Contact agent first by email. City inspection date estimated by seller.

Last Agent to Sell the Property

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 02/22/2022

Last Buyer's Agent

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 02/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,202

Year Built

  • 1895

Lot Details

  • 6,970

Home Design

  • 3,200 Sq Ft Home
  • Frame Construction

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Additional Features

  • Laundry in unit
  • Deck
  • 6,970 Sq Ft Lot

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,202

Year Built

1895

Lot Details

0

Listing Details

  • Acres: 0.1600
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2202
  • Last City Inspection: 03/2019
  • Miscellaneous: Basement, Common Laundry-Owned, Deck/Patio, Unit Laundry
  • Net Tax: 2202
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00629
  • Ratio Close Price By Original Li: 1.00629
  • Ratio Current Price By Sq Ft: 50.00
  • Total Sq Ft: 3200
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1895

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

  • Elementary School: Other
  • Middle School: Wilson
  • High School: Jefferson

Lot Info

  • Lot Size: 7440

Rental Info

  • Owner Pays: Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2017
Sold by
Hanson James E
Bought by
Hanson James E and James E Hanson Revocable Trust
Current Estimated Value
$174,468

Purchase Details

Closed on
Jan 19, 2007
Sold by
Hanson Sandra Lyn
Bought by
Hanson James Edward

Purchase Details

Closed on
Dec 7, 1998
Sold by
Bank Of New York
Bought by
Lovan Ane and Baccam Ane

Purchase Details

Closed on
Nov 18, 1998
Sold by
Baccam Ane and An Somaly
Bought by
Hanson James Edward
Source: Public Records

Range of Values:

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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
Hanson James E -- None Available
Hanson James Edward -- None Available
Lovan Ane -- --
Hanson James Edward $64,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brp Rentals Llc $137,600
Closed Hanson James Edward $35,757
Closed Hanson James E $70,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2022 04/27/22 Sold $160,000 +0.6% $50 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $159,000 -- $50 / 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 $2,424 $165,400 $29,100 $136,300
2022 $2,154 $114,900 $24,200 $90,700
2021 $2,100 $104,000 $24,200 $79,800
2020 $2,100 $95,200 $21,800 $73,400
2019 $1,992 $92,400 $21,800 $70,600
2018 $1,936 $92,400 $21,800 $70,600
2017 $2,208 $101,400 $21,800 $79,600
2016 $1,864 $87,700 $18,500 $69,200
2015 $1,794 $84,314 $16,362 $67,952
2014 $1,794 $88,087 $16,362 $71,725
2013 $1,834 $88,087 $16,362 $71,725
Source: Public Records

Agents Affiliated with this Home

  • Darin Garman

    Seller's Agent in 2022

    Darin Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    1 in this area

    26 Total Sales

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2201019

Cedar Rapids Area Association of REALTORS®

APN: 14283-32001-00000

Iowa Linn County Cedar Rapids 52404 Taylor

401 7th Ave SW, Cedar Rapids, IA

This home is located at 401 7th Ave SW, Cedar Rapids, IA 52404 since 22 February 2022 and is currently estimated at $173,443, approximately $54 per square foot. This property was built in 1895. 401 7th Ave SW is a home located in Linn County with nearby schools including Cedar River Academy at Taylor Elementary School, Wilson Middle School, and Thomas Jefferson 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.

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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