NOT LISTED FOR SALE

510 7th Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $84,444 - $135,000

3 Beds
3 Baths
1,116 Sq Ft
$95/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $56,000 $50 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $715/month

187 Days on Market

About This Home

As of February 2018

This home is located at 510 7th Ave SW, Cedar Rapids, IA 52404 since 05 July 2017 and is currently estimated at $106,481, approximately $95 per square foot. This property was built in 1912. 510 7th 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.

Last Agent to Sell the Property

Brenda Hart

IOWA REALTY Listed on: 07/05/2017

IOWA REALTY

Last Buyer's Agent

David Pitts

PRK Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,308

Year Built

  • 1912

Lot Details

  • Lot Dimensions are 30 x 124

Parking

  • Garage

Home Design

  • 1,116 Sq Ft Home
  • Frame Construction

Utilities

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

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

$1,308

Year Built

1912

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Gross Tax: 1308
  • Last City Inspection: 10/6/17
  • List User Cell Phone: 319-310-7302
  • Miscellaneous: Garage, Sep. Meter – Electric
  • Net Tax: 1308
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 2
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.94118
  • Ratio Close Price By Original Li: 0.86154
  • Ratio Current Price By Sq Ft: 50.18
  • Total Sq Ft: 1116
  • Style St: Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Multi
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1912

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: 30 X 124

Rental Info

  • Owner Pays: Water, Electricity, Gas

Multi Family

  • Gross Income: 16800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2017
Closed on
Feb 22, 2018
Sold by
Hardin Donald L
Bought by
Four D Development Llc
Seller's Agent
Brenda Hart
IOWA REALTY
Buyer's Agent
David Pitts
PRK Williams Realty
List Price
$65,000
Sold Price
$56,000
Premium/Discount to List
-$9,000
-13.85%
Current Estimated Value
$106,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,481
Avg. Annual Appreciation
8.85%
Original Mortgage
$44,800
Outstanding Balance
$38,243
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$68,238
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
Four D Development Llc $56,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Four D Development Llc $44,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2018 02/28/18 Sold $56,000 -5.9% $50 / Sq Ft
01/08/2018 01/08/18 Pending -- -- --
12/07/2017 12/07/17 Price Changed $59,500 -8.5% $53 / Sq Ft
07/05/2017 07/05/17 For Sale $65,000 -- $58 / 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 $1,838 $119,500 $18,700 $100,800
2024 $1,998 $103,900 $17,300 $86,600
2023 $1,998 $103,900 $17,300 $86,600
2022 $2,310 $94,700 $14,400 $80,300
2021 $1,988 $94,700 $14,400 $80,300
2020 $1,988 $75,300 $13,000 $62,300
2019 $1,764 $62,100 $13,000 $49,100
2018 $1,842 $62,100 $13,000 $49,100
2017 $1,308 $46,700 $13,000 $33,700
2016 $1,308 $39,700 $11,000 $28,700
2015 $1,270 $36,960 $11,016 $25,944
2014 $1,270 $34,760 $2,644 $32,116
2013 $1,264 $34,760 $2,644 $32,116
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Brenda Hart

    IOWA REALTY

    (319) 310-7302

    38 Total Sales

    Brenda Hart
    Section Image
  • David Pitts

    Buyer's Agent in 2018

    David Pitts

    PRK Williams Realty

    (319) 727-8059

    1 in this area

    32 Total Sales

    David Pitts
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1706808

Cedar Rapids Area Association of REALTORS®

APN: 14283-30011-00000

Iowa Linn County Cedar Rapids 52404 Taylor

510 7th Ave SW, Cedar Rapids, IA

This home is located at 510 7th Ave SW, Cedar Rapids, IA 52404 since 05 July 2017 and is currently estimated at $106,481, approximately $95 per square foot. This property was built in 1912. 510 7th 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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