NOT LISTED FOR SALE

500 3rd Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $125,000 - $136,000

5 Beds
4 Baths
2,014 Sq Ft
$65/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $94,000 $47 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $872/month

125 Days on Market

About This Home

As of November 2018

Well cared for low maintenance investment property with following updates: furnace & AC in 08, electrical, vinyl siding & windows, brand new steel roof with a lifetime warranty. The owner occupies the LL two bedroom which would provide much more investment income. Lots of new development going on in this neighborhood with plenty of upside. No rental inspection due until 2020.

Last Agent to Sell the Property

Aaron Webber

Keller Williams Legacy Group Listed on: 06/20/2018

Keller Williams Legacy Group

Last Buyer's Agent

Aaron Webber

Keller Williams Legacy Group Listed on: 06/20/2018

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,289

Year Built

  • 1880

Lot Details

  • Lot Dimensions are 60x73

Home Design

  • 2,014 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Community Details

  • Gross Income $16,800

Listing and Financial Details

  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,289

Year Built

1880

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 2289
  • List User Cell Phone: 319-560-0169
  • Miscellaneous: Basement, Ten Storag
  • Net Tax: 2106
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 2
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.87850
  • Ratio Close Price By Original Li: 0.69630
  • Ratio Current Price By Sq Ft: 46.67
  • Total Sq Ft: 2014
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1880

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: 60x73

Rental Info

  • Owner Pays: Water, Electricity, Gas

Multi Family

  • Gross Income: 16800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2018
Closed on
Nov 28, 2018
Sold by
Dennis Fred W
Bought by
Freund Rental Properties Llc
Seller's Agent
Aaron Webber
Keller Williams Legacy Group
Buyer's Agent
Aaron Webber
Keller Williams Legacy Group
List Price
$135,000
Sold Price
$94,000
Premium/Discount to List
-$41,000
-30.37%
Current Estimated Value
$130,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,617
Avg. Annual Appreciation
4.94%
Original Mortgage
$85,600
Outstanding Balance
$71,304
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$59,313

Purchase Details

Closed on
Mar 1, 2005
Sold by
Mcguire David F and Mcguire Ruth Ann
Bought by
Dennis Fred W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
5.71%
Mortgage Type
Commercial
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
Freund Rental Properties Llc $94,000 None Available
Dennis Fred W $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freund Rental Properties Llc $85,600
Previous Owner Dennis Fred W $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $94,000 -12.1% $47 / Sq Ft
10/23/2018 10/23/18 Pending -- -- --
10/12/2018 10/12/18 Price Changed $107,000 -7.0% $53 / Sq Ft
09/07/2018 09/07/18 Price Changed $115,000 -8.0% $57 / Sq Ft
07/17/2018 07/17/18 Price Changed $125,000 -7.4% $62 / Sq Ft
06/20/2018 06/20/18 For Sale $135,000 -- $67 / 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 $2,184 $129,400 $30,200 $99,200
2024 $2,140 $132,000 $30,200 $101,800
2023 $2,140 $123,400 $21,600 $101,800
2022 $2,476 $101,500 $21,600 $79,900
2021 $2,304 $101,500 $21,600 $79,900
2020 $2,304 $87,300 $13,000 $74,300
2019 $2,006 $77,100 $13,000 $64,100
2018 $2,106 $77,100 $13,000 $64,100
2017 $1,762 $61,700 $13,000 $48,700
2016 $1,727 $52,400 $11,000 $41,400
2015 $1,815 $52,136 $11,016 $41,120
2014 $1,606 $63,087 $3,231 $59,856
2013 $2,108 $63,087 $3,231 $59,856
Source: Public Records

Agents Affiliated with this Home

  • Aaron Webber

    Seller's Agent in 2018

    Aaron Webber

    Keller Williams Legacy Group

    (319) 560-0169

    5 in this area

    78 Total Sales

    Aaron Webber
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1804429

Cedar Rapids Area Association of REALTORS®

APN: 14291-79013-00000

Iowa Linn County Cedar Rapids 52404 Taylor

500 3rd Ave SW, Cedar Rapids, IA

This home is located at 500 3rd Ave SW, Cedar Rapids, IA 52404 since 20 June 2018 and is currently estimated at $130,617, approximately $64 per square foot. This property was built in 1880. 500 3rd 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.
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