NOT LISTED FOR SALE

4400 Vasey Ave Unit 1 Marion, IA 52302

Estimated Value: $143,569 - $187,000

2 Beds
1 Bath
4,648 Sq Ft
$35/Sq Ft Est. Value

Last Sold February 16, 2016

Last sale price $330,000 $71 Per Sq Ft

Current estimated payment $1,018/month

87 Days on Market

Highlights

  • Deck
  • Linn-Mar High School Rated A-
  • Garage

About This Home

As of February 2016

Turn-key investment opportunity. Four 2-bedroom units with attached 1 stall garage. All units rented at $800 per month. All units deeded separately.

Last Agent to Sell the Property

Peter Garbett

IOWA REALTY CORRIDOR Listed on: 10/30/2015

Last Buyer's Agent

Michelle Federspiel

RUHL & RUHL REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,512

Year Built

  • 1990

Parking

  • Garage

Home Design

  • 4,648 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Laundry in unit
  • Deck

Community Details

  • Gross Income $38,100
  • Net Operating Income $27,982

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,512

Year Built

1990

Lot Details

0

Listing Details

  • City Name: Marion
  • Condo Co-Op YN: Yes
  • Gross Tax: 1512
  • List User Cell Phone: 319-431-3628
  • Miscellaneous: Deck/Patio, Garage, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Unit Laundry
  • Net Tax: 1512
  • Noof Units Two Bedroom: 4
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.94286
  • Ratio Close Price By Original Li: 0.94286
  • Ratio Current Price By Sq Ft: 71.00
  • Total Sq Ft: 4648
  • Taxable Value Tv: 156832.00
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Gas Heat

Schools

  • Elementary School: Linn Mar
  • Middle School: Linn Mar
  • High School: Linn Mar

Lot Info

  • Lot Size: Common

Rental Info

  • Owner Pays: Water
  • Total Expenses: 10118

Multi Family

  • Gross Income: 38100
  • Net Operating Income: 27982.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2017
Sold by
Tah Properties Llc
Bought by
Krh Properties Llc
Current Estimated Value
$160,642

Purchase Details

Closed on
Oct 5, 2016
Sold by
Hagen Todd A
Bought by
Tah Properties Llc

Purchase Details

Closed on
Dec 29, 2003
Sold by
Kruser Joseph G and Kruser Karri A
Bought by
Lorge Steven N and Lorge Joan B
Source: Public Records

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
Krh Properties Llc -- None Available
Tah Properties Llc -- None Available
Lorge Steven N $69,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2016 02/16/16 Sold $330,000 -5.7% $71 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
10/30/2015 10/30/15 For Sale $350,000 -- $75 / 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 $1,954 $114,500 $6,300 $108,200
2024 $1,952 $103,900 $6,300 $97,600
2023 $1,952 $103,900 $6,300 $97,600
2022 $1,862 $88,000 $6,300 $81,700
2021 $1,848 $88,000 $6,300 $81,700
2020 $1,848 $82,000 $6,300 $75,700
2019 $1,694 $75,100 $6,300 $68,800
2018 $1,628 $75,100 $6,300 $68,800
2017 $1,518 $70,300 $6,300 $64,000
2016 $1,518 $70,300 $6,300 $64,000
2015 $1,518 $70,300 $6,300 $64,000
2014 $1,512 $70,300 $6,300 $64,000
2013 $1,444 $70,300 $6,300 $64,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Garbett

    IOWA REALTY CORRIDOR

  • M

    Buyer's Agent in 2016

    Michelle Federspiel

    Ruhl & Ruhl

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1591341

Cedar Rapids Area Association of REALTORS®

APN: 10324-03010-01000

Iowa Linn County Marion 52302

4400 Vasey Ave Unit 1, Marion, IA

This home is located at 4400 Vasey Ave Unit 1, Marion, IA 52302 since 30 October 2015 and is currently estimated at $160,642, approximately $34 per square foot. This property was built in 1990. 4400 Vasey Ave Unit 1 is a home located in Linn County with nearby schools including Linn Grove Elementary School, Excelsior Middle School, and Linn-Mar 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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