NOT LISTED FOR SALE

415 16th St NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated Value: $104,000 - $209,000

4 Beds
2 Baths
2,880 Sq Ft
$54/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $55,000 $19 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $1,047/month

16 Days on Market

Highlights

  • Forced Air Cooling System
  • Garage
  • 1-minute walk to Central Park

About This Home

As of October 2018

INVESTOR ALERT!!! 2 RENTALS UNDER ONE ROOF, A 2 BEDROOM AND A 3 BEDROOM AND A GARAGE. REPO WITH LOTS OF POTENTIAL, "AS IS" WITH LOTS OF UPDATES INCLUDING BOTH THE KITCHENS, BOTH THE LAUNDRY ROOMS, WINDOWS AND SIDING. IT WILL NEED SOME FINISHING TOUCHES. FURNACE IS FORCED AIR AND WOULD NOT BE CONSIDERED A GOOD FLIP.

Last Listed By

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES Listed on: 08/30/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Parking

  • Garage

Home Design

  • 2,880 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Additional Features

  • Laundry in unit
  • Lot Dimensions are 40 x 60

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 1490
  • List User Cell Phone: 319-981-3702
  • Miscellaneous: Basement, Garage, Sep. Meter – Gas, Unit Laundry
  • Net Tax: 1490
  • Noof Units Two Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.91743
  • Ratio Close Price By Original Li: 0.91743
  • Ratio Current Price By Sq Ft: 19.10
  • Total Sq Ft: 2880
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

  • Elementary School: Garfield
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: 40 X 60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2018
Closed on
Oct 11, 2018
Sold by
Linn Area Cu
Bought by
Gutschmidt Properties Inc
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Adam Stradt
RE/MAX CONCEPTS
List Price
$59,950
Sold Price
$55,000
Premium/Discount to List
-$4,950
-8.26%
Total Days on Market
16
Current Estimated Value
$156,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,500
Avg. Annual Appreciation
15.27%
Original Mortgage
$100,000
Outstanding Balance
$84,044
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$55,456

Purchase Details

Closed on
Jun 19, 2018
Sold by
Knight Robert and The State Of Iowa
Bought by
Linn Area Cu

Range of Values:

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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
Gutschmidt Properties Inc $55,000 None Available
Linn Area Cu $89,224 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutschmidt Properties Inc $100,000
Previous Owner Knight Robert R $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold $55,000 -8.3% $19 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $59,950 -- $21 / 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 $2,148 $115,100 $13,600 $101,500
2022 $1,752 $101,800 $13,600 $88,200
2021 $1,830 $84,600 $11,200 $73,400
2020 $1,830 $82,900 $9,900 $73,000
2019 $1,474 $68,400 $9,900 $58,500
2018 $1,923 $68,400 $9,900 $58,500
2017 $1,650 $70,400 $9,900 $60,500
2016 $1,596 $75,100 $9,900 $65,200
2015 $1,620 $74,969 $9,920 $65,049
2014 $1,596 $34,770 $8,400 $26,370
2013 $1,264 $34,770 $8,400 $26,370
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

  • A

    Buyer's Agent in 2018

    Adam Stradt

    RE/MAX

    (319) 573-9668

    6 in this area

    67 Total Sales

    Adam Stradt
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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1806176

Cedar Rapids Area Association of REALTORS®

APN: 14153-60002-00000

Iowa Linn County Cedar Rapids 52402 Mound View

415 16th St NE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 415 16th St NE, Cedar Rapids, IA 52402 since 30 August 2018 and is currently estimated at $156,500, approximately $54 per square foot. This property was built in 1910. 415 16th St NE is a home located in Linn County with nearby schools including Garfield Elementary School, Franklin Middle School, and George Washington High School.

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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.
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