NOT LISTED FOR SALE

480 5th Ave Unit 1 Marion, IA 52302

Estimated Value: $97,000 - $271,000

2 Beds
1 Bath
3,512 Sq Ft
$61/Sq Ft Est. Value

Last Sold June 24, 2015

Last sale price $139,950 $40 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,216/month

2 Days on Market

Highlights

  • Forced Air Cooling System
  • Garage
  • 4-minute walk to Thomas Park
  • Starry Elementary School Rated A-

About This Home

As of June 2015

Very sharp fourplex, includes garages! All units have forced air furnaces and central air units, plus washer and dryer hookups in each unit. Tenants pay all the utilities, except trash. Units show very nicely and have a great mix of responsible tenants. Building has already been co-op'ed Rents are low for area. Driveway is not in good repair, owner will replace or allow credit at closing. Three units rented at $425, one at $420.

Last Agent to Sell the Property

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES Listed on: 05/06/2015

Last Buyer's Agent

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES Listed on: 05/06/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,304

Year Built

  • 1966

Parking

  • Garage

Home Design

  • 3,512 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,304

Year Built

1966

Lot Details

0

Listing Details

  • City Name: Marion
  • Condo Co-Op YN: Yes
  • Gross Tax: 3304
  • List User Cell Phone: 319-981-3702
  • Miscellaneous: Garage, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water
  • Net Tax: 3304
  • Noof Units Two Bedroom: 4
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Sq Ft: 39.85
  • Total Sq Ft: 3512
  • Style St: Upper/Lower
  • Tax Roll Number: 140113501401000, 01001, 01002, 01003
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: RES
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

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

Schools

  • Elementary School: Starry
  • Middle School: Vernon
  • High School: Marion

Lot Info

  • Lot Size: COMMON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2021
Sold by
Siegel & Handley Rentals Llc
Bought by
Washburn Hunter
Current Estimated Value
$214,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,350
Outstanding Balance
$175,899
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$38,111
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
Washburn Hunter $211,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washburn Hunter $190,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2015 06/24/15 Sold $139,950 0.0% $40 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $139,950 -- $40 / 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 $1,122 $74,900 $6,400 $68,500
2024 $1,022 $59,800 $6,400 $53,400
2023 $1,022 $59,800 $6,400 $53,400
2022 $986 $45,900 $6,400 $39,500
2021 $978 $45,900 $6,400 $39,500
2020 $978 $43,300 $6,400 $36,900
2019 $906 $43,300 $6,400 $36,900
2018 $886 $40,200 $6,400 $33,800
2017 $876 $38,800 $6,400 $32,400
2016 $864 $38,800 $6,400 $32,400
2015 $860 $38,800 $6,400 $32,400
2014 $860 $38,800 $6,400 $32,400
2013 $826 $38,800 $6,400 $32,400
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1503623

Cedar Rapids Area Association of REALTORS®

APN: 14011-35014-01000

Iowa Linn County Marion 52302

480 5th Ave Unit 1, Marion, IA

This home is located at 480 5th Ave Unit 1, Marion, IA 52302 since 06 May 2015 and is currently estimated at $214,010, approximately $60 per square foot. This property was built in 1966. 480 5th Ave Unit 1 is a home located in Linn County with nearby schools including Starry Elementary School, Francis Marion Intermediate School, and Vernon Middle 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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