NOT LISTED FOR SALE

Estimated Value: $86,000 - $135,247

2 Beds
2 Baths
1,520 Sq Ft
$75/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $121,000 $80 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $700/month

165 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • Fenced

About This Home

As of May 2023

Wow! I don't think you can say "complete remodel" any better than this. Did your HGTV favorite celebrities do it? Because, you could have fooled me. This upper/lower duplex with two 1 bed 1 bath units is a stunner. Lower unit rents for $750/mo (with pet deposit), and upper unit rents for $700/mo. Both units have lease agreements valid through June and July 2023 respectively. All the heavy labor of finding tenants has been done, not to mention all new roof, gutters, siding, appliances, flooring, backsplash, plumbing, countertops, cabinets... woof, I could say so much more! Amazing location close to 1st ave and all your Irish district favorites where you will sure be a regular before long. This property has been primed and ready for its next owner, make it yours.

Last Agent to Sell the Property

Tyler Funke

Realty87 Listed on: 10/10/2022

Realty87

Last Buyer's Agent

Matthew Lepic

LEPIC-KROEGER CORRIDOR, REALTORS

LEPIC-KROEGER CORRIDOR, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $968

Year Built

  • 1905

Lot Details

  • 2,352 Sq Ft Lot
  • Lot Dimensions are 45 x 52
  • Fenced

Home Design

  • 1,520 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • Forced Air Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for water, electricity, gas

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $1,450
  • Net Operating Income $900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$968

Year Built

1905

Lot Details

0

Listing Details

  • Acres: 0.0540
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 968
  • Last City Inspection: Dec 2021
  • List User Cell Phone: 319-491-5446
  • Miscellaneous: Deck/Patio, Fencing
  • Net Tax: 968
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.96800
  • Ratio Close Price By Original Li: 0.73333
  • Ratio Current Price By Sq Ft: 79.61
  • Total Sq Ft: 1520
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Basement: Block, Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Forced Air, Gas Heat, Window/Wall Air

Schools

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

Lot Info

  • Lot Size: 45 X 52

Rental Info

  • Owner Pays: Water, Electricity, Gas
  • Pets: Pets Allowed
  • Total Expenses: 550

Multi Family

  • Gross Income: 1450
  • Net Operating Income: 900.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Apr 25, 2023
Sold by
Local Dwellings Llc
Bought by
Vangerpen Michael J
Seller's Agent
Tyler Funke
Realty87
Buyer's Agent
Matthew Lepic
LEPIC-KROEGER CORRIDOR, REALTORS
List Price
$135,000
Sold Price
$121,000
Premium/Discount to List
-$14,000
-10.37%
Total Days on Market
165
Views
243
Current Estimated Value
$114,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,251
Avg. Annual Appreciation
-2.18%
Original Mortgage
$102,485
Outstanding Balance
$99,651
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$15,098

Purchase Details

Listed on
Dec 5, 2019
Closed on
Feb 19, 2020
Sold by
Abodeely Elias A
Bought by
Local Dwellings Llc
Seller's Agent
Amanda Haugen
Realty87
Buyer's Agent
Taylor Bergen
Realty87
List Price
$62,000
Sold Price
$39,000
Premium/Discount to List
-$23,000
-37.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.61%
Original Mortgage
$60,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 7, 2018
Closed on
Dec 13, 2018
Sold by
Hill Bank And Trust Company
Bought by
Abodeely Elias A
Seller's Agent
Jonathan Doerrfeld
Realty87
Buyer's Agent
Amanda Haugen
Realty87
List Price
$34,900
Sold Price
$22,000
Premium/Discount to List
-$12,900
-36.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.79%

Purchase Details

Closed on
Jun 14, 2018
Sold by
Hartman Joseph Alan and Hartman Joseph A
Bought by
Hills Bank And Trust Company

Purchase Details

Closed on
Feb 20, 2008
Sold by
Huberty Christopher R and Huberty Ruthann S
Bought by
Hartman Joseph Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2004
Sold by
Huberty Christopher R and Huberty Ruthann S
Bought by
Hartman Joseph Alan
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 Buyer Sale Price Title Company
Vangerpen Michael J $121,000 None Listed On Document
Vangerpen Michael J $121,000 None Listed On Document
Local Dwellings Llc $39,000 None Available
Abodeely Elias A $22,000 None Available
Hills Bank And Trust Company $47,003 None Available
Hartman Joseph Alan $31,500 None Available
Hartman Joseph Alan $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vangerpen Michael J $102,485
Closed Vangerpen Michael J $102,485
Previous Owner Local Dwellings Llc $60,000
Previous Owner Hartman Joseph Alan $60,000
Closed Hartman Joseph Alan $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $121,000 -3.2% $80 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/02/2023 03/02/23 Price Changed $125,000 -3.8% $82 / Sq Ft
01/23/2023 01/23/23 Price Changed $130,000 -3.7% $86 / Sq Ft
12/21/2022 12/21/22 For Sale $135,000 0.0% $89 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
12/02/2022 12/02/22 Price Changed $135,000 0.0% $89 / Sq Ft
12/02/2022 12/02/22 For Sale $135,000 -3.6% $89 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/17/2022 11/17/22 Price Changed $140,000 -6.7% $92 / Sq Ft
11/10/2022 11/10/22 Price Changed $150,000 -5.7% $99 / Sq Ft
10/26/2022 10/26/22 Price Changed $159,000 -3.6% $105 / Sq Ft
10/10/2022 10/10/22 For Sale $165,000 +323.1% $109 / Sq Ft
02/21/2020 02/21/20 Sold $39,000 -29.1% $26 / Sq Ft
01/12/2020 01/12/20 Pending -- -- --
12/28/2019 12/28/19 Price Changed $55,000 -11.3% $36 / Sq Ft
12/05/2019 12/05/19 For Sale $62,000 +181.8% $41 / Sq Ft
12/13/2018 12/13/18 Sold $22,000 -37.0% $14 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
11/07/2018 11/07/18 For Sale $34,900 -- $23 / 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 $1,098 $119,800 $13,900 $105,900
2024 $1,190 $96,400 $13,900 $82,500
2023 $1,190 $62,000 $13,900 $48,100
2022 $968 $56,400 $13,900 $42,500
2021 $570 $46,700 $11,300 $35,400
2020 $570 $25,800 $8,800 $17,000
2019 $482 $22,400 $8,800 $13,600
2018 $520 $22,400 $8,800 $13,600
2017 $520 $24,400 $8,800 $15,600
2016 $544 $25,600 $8,800 $16,800
2015 $866 $40,651 $8,820 $31,831
2014 $1,229 $42,610 $8,820 $33,790
2013 $888 $42,610 $8,820 $33,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2209068

Cedar Rapids Area Association of REALTORS®

APN: 14153-84004-00000