NOT LISTED FOR SALE

449 8th Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $107,000 - $115,000

3 Beds
2 Baths
1,338 Sq Ft
$83/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $65,000 $49 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $799/month

17 Days on Market

About This Home

As of September 2020

Looking for a fixer upper with rental income potential. This one has an upper and lower unit that rented for $1350 in its current condition. Imagine what the possibilities could be if some sweat equity was put into it! Walking distance to the elementary school. Check this one out today to get it flipped so your renters can be in before the cold hits! *Property being sold as is-inspections for buyers knowledge only- buyer to verify all information*

Last Agent to Sell the Property

Amy Heinick

COLDWELL BANKER HEDGES Listed on: 08/10/2020

Last Buyer's Agent

Amy Heinick

COLDWELL BANKER HEDGES Listed on: 08/10/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 4,966

Home Design

  • 1,338 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Shed
  • 4,966 Sq Ft Lot

Community Details

  • Gross Income $1,350
  • Net Operating Income $1,170

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

0

Listing Details

  • Acres: 0.1140
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 1802
  • List User Cell Phone: 319-777-8829
  • Miscellaneous: Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Shed
  • Net Tax: 1802
  • 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: 0.93525
  • Ratio Close Price By Original Li: 0.90278
  • Ratio Current Price By Sq Ft: 48.58
  • Total Sq Ft: 1338
  • 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: 1898

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Central Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: .114 Acre

Rental Info

  • Owner Pays: Water
  • Total Expenses: 180

Multi Family

  • Gross Income: 1350
  • Net Operating Income: 1170.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 28, 2020
Sold by
Bender Gary R
Bought by
Jrb Properties Llc
Seller's Agent
Amy Heinick
COLDWELL BANKER HEDGES
Buyer's Agent
Amy Heinick
COLDWELL BANKER HEDGES
List Price
$72,000
Sold Price
$65,000
Premium/Discount to List
-$7,000
-9.72%
Current Estimated Value
$111,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,000
Original Mortgage
$72,000
Outstanding Balance
$65,470
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 20, 2020
Sold by
Benser Kim A and Benser Kim Ann
Bought by
Benser Gary R
Seller's Agent
Amy Heinick
COLDWELL BANKER HEDGES
Buyer's Agent
Amy Heinick
COLDWELL BANKER HEDGES
List Price
$72,000
Sold Price
$65,000
Premium/Discount to List
-$7,000
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Outstanding Balance
$65,470
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2008
Sold by
Long Ryan A
Bought by
Ralston Alex L
Source: Public Records

Range of Values:

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
Jrb Properties Llc $65,000 None Available
Jrb Properties Llc $103,200 Jensen Jase H
Benser Gary R -- None Available
Benser Gary R -- Jensen Jase H
Ralston Alex L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jrb Properties Llc $72,000
Closed Jrb Properties Llc $72,000
Previous Owner Benser Gary R $31,821
Previous Owner Benser Gary R $104,600
Previous Owner Benser Gary Raymond $21,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $65,000 -6.5% $49 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/27/2020 08/27/20 Price Changed $69,500 -3.5% $52 / Sq Ft
08/10/2020 08/10/20 For Sale $72,000 -- $54 / 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 $2,194 $112,800 $24,200 $88,600
2022 $1,948 $104,000 $20,200 $83,800
2021 $1,900 $94,000 $20,200 $73,800
2020 $1,900 $86,100 $18,200 $67,900
2019 $1,802 $86,100 $18,200 $67,900
2018 $1,752 $83,600 $18,200 $65,400
2017 $1,716 $78,800 $18,200 $60,600
2016 $1,646 $77,400 $15,500 $61,900
2015 $1,704 $80,042 $15,453 $64,589
2014 $1,704 $80,042 $15,453 $64,589
2013 $1,666 $80,042 $15,453 $64,589
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Amy Heinick

    COLDWELL BANKER HEDGES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2005871

Cedar Rapids Area Association of REALTORS®

APN: 14283-35012-00000

Iowa Linn County Cedar Rapids 52404 Taylor

449 8th Ave SW, Cedar Rapids, IA

This home is located at 449 8th Ave SW, Cedar Rapids, IA 52404 since 10 August 2020 and is currently estimated at $111,000, approximately $82 per square foot. This property was built in 1898. 449 8th 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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