Seller's Agent in 2023
Tyler Funke
Realty87
(319) 491-5446
7 in this area
210 Total Sales
500 C Ave NW Cedar Rapids, IA 52405
Northwest Area NeighborhoodEstimated Value: $96,000 - $121,000
2
Beds
2
Baths
965
Sq Ft
$113/Sq Ft
Est. Value
Highlights
- Forced Air Cooling System
- Junction City Elementary School Rated A
- Fenced
About This Home
As of January 2023This side by side duplex is waiting for its new owner! Let's talk about an internal gut job. This property was completely remodeled and one great tenant! New paint, flooring, cabinets, plumbing, backsplash, gutters, window wraps... I could keep going. Unit A pays $625/mo. ($675 with pet deposit) and is on a month to month lease. Unit B was previously rented for $575/mo. Seller only pays water, internet, and lawn care/snow removal (this is rare for duplex units!) These two one bedroom units are perfectly nestled close to so many amenities, it is almost a no brainer. With all the heavy lifting of major repairs and acquiring tenants already done, what are you waiting for? Seller estimates lawn care/snow removal cost on average $100/mo. New owner will need to contract their own internet provider for cost. Seller estimates $80/month for water. All information is per assessor, buyer to verify.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,130
Year Built
- 1890
Lot Details
- 2,265 Sq Ft Lot
- Lot Dimensions are 40 x 57
- Fenced
Home Design
- 965 Sq Ft Home
- Frame Construction
- Vinyl Construction Material
Laundry
- Laundry in unit
Basement
- Basement Fills Entire Space Under The House
- Crawl Space
Utilities
- Forced Air Cooling System
- Cooling System Mounted To A Wall/Window
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water
Community Details
Pet Policy
- Pets Allowed
Building Details
- Gross Income $1,200
- Net Operating Income $800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2022
Closed on
Jan 30, 2023
Sold by
Local Dwellings Llc
Bought by
Black Diamond Equity Partners Llc
Seller's Agent
Tyler Funke
Realty87
Buyer's Agent
Tyler Funke
Realty87
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Views
119
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,593
Avg. Annual Appreciation
6.86%
Original Mortgage
$72,000
Outstanding Balance
$68,201
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$40,392
Purchase Details
Listed on
Nov 23, 2020
Closed on
Feb 8, 2021
Sold by
Lk Properties Llc
Bought by
Local Dwellings Llc
Seller's Agent
Ryan Eighme
Pinnacle Realty LLC
Buyer's Agent
Taylor Bergen
Realty87
List Price
$45,000
Sold Price
$48,000
Premium/Discount to List
$3,000
6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.37%
Original Mortgage
$61,000
Interest Rate
2.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Black Diamond Equity Partners Llc | $90,000 | -- | |
| Local Dwellings Llc | $48,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Black Diamond Equity Partners Llc | $72,000 | |
| Previous Owner | Local Dwellings Llc | $61,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/31/2023 01/31/23 | Sold | $90,000 | 0.0% | $93 / Sq Ft | |
| 12/27/2022 12/27/22 | Pending | -- | -- | -- | |
| 12/16/2022 12/16/22 | Price Changed | $90,000 | -5.3% | $93 / Sq Ft | |
| 12/16/2022 12/16/22 | For Sale | $95,000 | 0.0% | $98 / Sq Ft | |
| 11/16/2022 11/16/22 | Pending | -- | -- | -- | |
| 11/04/2022 11/04/22 | For Sale | $95,000 | 0.0% | $98 / Sq Ft | |
| 10/19/2022 10/19/22 | Pending | -- | -- | -- | |
| 10/10/2022 10/10/22 | For Sale | $95,000 | +97.9% | $98 / Sq Ft | |
| 02/08/2021 02/08/21 | Sold | $48,000 | +6.7% | $50 / Sq Ft | View Prior Sale |
| 12/03/2020 12/03/20 | Pending | -- | -- | -- | |
| 11/23/2020 11/23/20 | For Sale | $45,000 | -- | $47 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History Compared to Growth
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 | $1,180 | $93,300 | $14,600 | $78,700 |
| 2024 | $130 | $84,100 | $14,600 | $69,500 |
| 2023 | $130 | $66,700 | $14,600 | $52,100 |
| 2022 | $137 | $59,100 | $13,400 | $45,700 |
| 2021 | $1,074 | $54,500 | $13,400 | $41,100 |
| 2020 | $152 | $48,700 | $11,000 | $37,700 |
| 2019 | $800 | $28,400 | $7,300 | $21,100 |
| 2018 | $596 | $28,400 | $7,300 | $21,100 |
| 2017 | $612 | $28,800 | $7,300 | $21,500 |
| 2016 | $612 | $28,800 | $7,300 | $21,500 |
| 2015 | $690 | $32,401 | $7,320 | $25,081 |
| 2014 | $711 | $32,401 | $7,320 | $25,081 |
| 2013 | $544 | $32,401 | $7,320 | $25,081 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Funke
-
Ryan Eighme
Seller's Agent in 2021
Ryan Eighme
Pinnacle Realty LLC
(319) 721-6099
5 in this area
128 Total Sales
-
Adam Green
Seller Co-Listing Agent in 2021
Adam Green
Pinnacle Realty LLC
(319) 721-3103
5 in this area
198 Total Sales
-
T
Buyer's Agent in 2021
Taylor Bergen
Realty87
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2209069
APN: 14291-04007-00000
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.
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Information is deemed reliable but not guaranteed.
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