J
Seller's Agent in 2025
Jack Brundell
GLD COMMERCIAL
(319) 432-2878
8 in this area
49 Total Sales
508 3rd Ave SW Cedar Rapids, IA 52404
Taylor Neighborhood
--
Bed
--
Bath
2,116
Sq Ft
3,920
Sq Ft Lot
About This Home
As of February 2025This property boast 6 units with one unit a rented commercial space. The commercial space has had the same tenant for 13 years all of the other units a rented. This well maintained property has vinyl siding & windows, updated electrical, furnace & AC in 08, roof in 2017. The surrounding neighborhood has been going through a renaissance in the past 5 years. It is currently cash flowing over 30K a year! No rental inspection due until 2022.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,872
Year Built
- 1900
Lot Details
- Lot Dimensions are 30x140
- Fenced
Home Design
- 2,116 Sq Ft Home
- Frame Construction
- Vinyl Construction Material
Utilities
- Forced Air Cooling System
- Heating System Uses Gas
Community Details
- Gross Income $30,600
Listing and Financial Details
- The owner pays for water, electricity, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 8, 2024
Closed on
Feb 24, 2025
Sold by
Montague Ryan
Bought by
S & K Rei Llc
Seller's Agent
Jack Brundell
GLD COMMERCIAL
Buyer's Agent
Jack Brundell
GLD COMMERCIAL
List Price
$140,000
Sold Price
$121,000
Premium/Discount to List
-$19,000
-13.57%
Views
31
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
-$641
Avg. Annual Appreciation
-0.88%
Original Mortgage
$121,000
Outstanding Balance
$120,083
Interest Rate
7.04%
Mortgage Type
Credit Line Revolving
Estimated Equity
$276
Purchase Details
Closed on
Dec 20, 2023
Sold by
Wilson Property Management Llc
Bought by
Montague Ryan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 21, 2018
Closed on
Oct 29, 2018
Sold by
Dennis Fred and Dennis Frederick W
Bought by
Wilson Property Management L L C
Seller's Agent
Aaron Webber
Keller Williams Legacy Group
Buyer's Agent
Diona Carpenter
SKOGMAN REALTY
List Price
$135,000
Sold Price
$116,000
Premium/Discount to List
-$19,000
-14.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.53%
Original Mortgage
$116,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 14, 2008
Sold by
Gladwin Daryl D
Bought by
Dennis Fred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,554
Interest Rate
6.11%
Mortgage Type
Commercial
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $121,000 | None Listed On Document | |
| Warranty Deed | $116,000 | None Listed On Document | |
| Warranty Deed | $116,000 | None Listed On Document | |
| Warranty Deed | $116,000 | None Available | |
| Special Warranty Deed | $65,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $121,000 | Credit Line Revolving | |
| Previous Owner | $85,000 | New Conventional | |
| Previous Owner | $116,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $57,554 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2025 02/24/25 | Sold | $121,000 | -13.6% | $76 / Sq Ft |
| 01/11/2025 01/11/25 | Pending | -- | -- | -- |
| 12/08/2024 12/08/24 | For Sale | $140,000 | +20.7% | $88 / Sq Ft |
| 10/31/2018 10/31/18 | Sold | $116,000 | +0.9% | $55 / Sq Ft |
| 09/15/2018 09/15/18 | Pending | -- | -- | -- |
| 09/07/2018 09/07/18 | Price Changed | $115,000 | -8.0% | $54 / Sq Ft |
| 07/17/2018 07/17/18 | Price Changed | $125,000 | -7.4% | $59 / Sq Ft |
| 06/21/2018 06/21/18 | For Sale | $135,000 | -- | $64 / 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 | $2,358 | $138,000 | $16,800 | $121,200 |
| 2024 | $2,190 | $133,200 | $16,800 | $116,400 |
| 2023 | $2,190 | $133,200 | $16,800 | $116,400 |
| 2022 | $2,770 | $103,800 | $16,800 | $87,000 |
| 2021 | $2,398 | $102,000 | $16,800 | $85,200 |
| 2020 | $2,398 | $81,200 | $12,600 | $68,600 |
| 2019 | $2,470 | $78,554 | $9,954 | $68,600 |
| 2018 | $2,532 | $78,554 | $9,954 | $68,600 |
| 2017 | $2,532 | $54,954 | $9,954 | $45,000 |
| 2016 | $1,926 | $54,954 | $9,954 | $45,000 |
| 2015 | $1,912 | $54,829 | $12,600 | $42,229 |
| 2014 | $1,884 | $72,287 | $14,515 | $57,772 |
| 2013 | $2,628 | $72,287 | $14,515 | $57,772 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Brundell
-
Aaron Webber
Seller's Agent in 2018
Aaron Webber
Keller Williams Legacy Group
(319) 560-0169
5 in this area
78 Total Sales
-
Diona Carpenter
Buyer's Agent in 2018
Diona Carpenter
SKOGMAN REALTY
(319) 360-2124
1 in this area
90 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 1804428
APN: 14291-79012-00000
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