NOT LISTED FOR SALE

412 8th Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $98,000 - $115,000

3 Beds
2 Baths
1,129 Sq Ft
$94/Sq Ft Est. Value

Last Sold March 03, 2021

Last sale price $72,500 $64 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $686/month

2 Days on Market

About This Home

As of March 2021

This home is located at 412 8th Ave SW, Cedar Rapids, IA 52404 since 18 January 2021 and is currently estimated at $106,500, approximately $94 per square foot. This property was built in 1900. 412 8th Ave SW is a home located in Linn County with nearby schools including Junction City Elementary School, Cedar River Academy at Taylor Elementary School, and Bruce Hall Day Treatment Center.

Last Agent to Sell the Property

Adam Green

Pinnacle Realty LLC Listed on: 01/18/2021

Pinnacle Realty LLC

Co-Listed By

Doug Mcallister

Pinnacle Realty LLC

Last Buyer's Agent

Justin Downs

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,375

Year Built

  • 1900

Lot Details

  • Lot Dimensions are 40 x 124

Parking

  • 4 Parking Spaces

Home Design

  • 1,129 Sq Ft Home
  • Frame Construction
  • Aluminum Siding

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Community Details

  • Gross Income $14,580

Listing and Financial Details

  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,375

Year Built

1900

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 1375
  • Last City Inspection: 09/25/19
  • List User Cell Phone: 319-721-3103
  • Net Tax: 1375
  • Noof Units One Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.96667
  • Ratio Close Price By Original Li: 0.96667
  • Ratio Current Price By Sq Ft: 64.22
  • Total Sq Ft: 1129
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Lot Info

  • Lot Size: 40 X 124

Rental Info

  • Owner Pays: Water, Electricity, Gas

Multi Family

  • Gross Income: 14580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2024
Sold by
Updowns Investments Llc
Bought by
Gs Property Llc
Current Estimated Value
$106,500

Purchase Details

Listed on
Jan 18, 2021
Closed on
Mar 1, 2021
Sold by
Schmitt Kevin and Schmitt Karen J
Bought by
Updowns Investments Llc
Seller's Agent
Adam Green
Pinnacle Realty LLC
Buyer's Agent
Justin Downs
Pinnacle Realty LLC
List Price
$75,000
Sold Price
$72,500
Premium/Discount to List
-$2,500
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.43%
Original Mortgage
$75,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2004
Sold by
Morrow Steven P and Morrow Dawn D
Bought by
Schmitt Kevin and Nielson Krystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,650
Interest Rate
5.48%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 21, 2003
Sold by
Chatman Ben C
Bought by
Morrow Steven P and Morrow Dawn D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Gs Property Llc $103,000 None Listed On Document
Updowns Investments Llc $72,500 None Available
Schmitt Kevin $78,000 All American Escrow & Title
Morrow Steven P $24,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Updowns Investments Llc $75,000
Previous Owner Schmitt Kevin $70,650
Closed Gs Property Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2021 03/03/21 Sold $72,500 -3.3% $64 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $75,000 -- $66 / 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
2025 $1,506 $102,800 $26,300 $76,500
2024 $1,578 $85,100 $24,200 $60,900
2023 $1,578 $85,100 $24,200 $60,900
2022 $349 $74,800 $20,200 $54,600
2021 $1,380 $68,300 $20,200 $48,100
2020 $1,380 $62,500 $18,200 $44,300
2019 $1,312 $60,900 $18,200 $42,700
2018 $1,276 $60,900 $18,200 $42,700
2017 $1,182 $57,800 $18,200 $39,600
2016 $1,182 $55,600 $15,500 $40,100
2015 $1,230 $57,841 $15,453 $42,388
2014 $1,230 $57,841 $15,453 $42,388
2013 $1,204 $57,841 $15,453 $42,388
Source: Public Records

Agents Affiliated with this Home

  • Adam Green

    Seller's Agent in 2021

    Adam Green

    Pinnacle Realty LLC

    (319) 721-3103

    9 in this area

    198 Total Sales

    Adam Green
    Section Image
  • Doug Mcallister

    Seller Co-Listing Agent in 2021

    Doug Mcallister

    Pinnacle Realty LLC

    (319) 350-9476

    1 in this area

    54 Total Sales

    Doug Mcallister
    Section Image

  • J

    Buyer's Agent in 2021

    Justin Downs

    Pinnacle Realty LLC

    (563) 608-2313

    3 in this area

    7 Total Sales

    Justin Downs
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2100316

Cedar Rapids Area Association of REALTORS®

APN: 14283-32025-00000

Iowa Linn County Cedar Rapids 52404 Taylor

412 8th Ave SW, Cedar Rapids, IA

Not Listed for Sale

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