Seller's Agent in 2021
Gordon Sorensen
RE/MAX
(319) 269-1164
3 in this area
185 Total Sales
516 W 8th St Waterloo, IA 50702
Does NeighborhoodEstimated Value: $74,000 - $155,000
2
Beds
3
Baths
862
Sq Ft
$117/Sq Ft
Est. Value
About This Home
As of May 2021Great investment opportunity, split into upper and main level units. Main level has gotten $575 month and upper has rented for $475 month. Each unit is 1 bedroom, landlord pays water, sewer, garbage. Water sewer has been $ 890 avg per yr. Both units are currently empty and have been completely updated due to a fire in the upstairs. Units are rent ready.
Last Listed By
RE/MAX Concepts - Cedar Falls License #B59768000 Listed on: 04/20/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $678
Year Built
- Built in 1915
Lot Details
- 6,750 Sq Ft Lot
- Lot Dimensions are 75 x 90
Home Design
- Duplex
- Block Foundation
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 1.5-Story Property
Laundry
- Laundry on lower level
- Washer and Gas Dryer Hookup
Parking
- 3 Open Parking Spaces
- Parking Available
- Parking Garage Space
Outdoor Features
- Porch
Schools
- Lowell Elementary School
- Bunger Middle School
- West High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, lawn care, snow removal
- Assessor Parcel Number 891326429003
Community Details
Overview
- 2 Units
Building Details
- Water Sewer Expense $890
- Gross Income $1,050
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 20, 2021
Closed on
May 26, 2021
Sold by
Leach Gerald and Leach Sherri
Bought by
Rector Wendy M and Rector Larry D
Seller's Agent
Gordon Sorensen
RE/MAX Concepts - Cedar Falls
List Price
$69,900
Sold Price
$64,000
Premium/Discount to List
-$5,900
-8.44%
Total Days on Market
3
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
$36,539
Avg. Annual Appreciation
7.52%
Original Mortgage
$36,000
Outstanding Balance
$23,993
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$61,158
Purchase Details
Closed on
Jul 27, 2007
Sold by
Leach Gerald
Bought by
Leach Gerald and Leach Sherri
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rector Wendy M | $64,000 | Title Services Corporation | |
| Leach Gerald | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rector Wendy M | $36,000 | |
| Previous Owner | Blake Adam | $170,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2021 05/28/21 | Sold | $64,000 | -8.4% | $74 / Sq Ft |
| 04/23/2021 04/23/21 | Pending | -- | -- | -- |
| 04/20/2021 04/20/21 | For Sale | $69,900 | -- | $81 / Sq Ft |
Source: Northeast Iowa Regional Board 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 |
|---|---|---|---|---|
| 2024 | $1,432 | $71,650 | $11,830 | $59,820 |
| 2023 | $1,248 | $71,650 | $11,830 | $59,820 |
| 2022 | $1,260 | $56,870 | $11,830 | $45,040 |
| 2021 | $664 | $58,960 | $11,830 | $47,130 |
| 2020 | $666 | $29,860 | $9,340 | $20,520 |
| 2019 | $666 | $29,860 | $9,340 | $20,520 |
| 2018 | $666 | $29,860 | $9,340 | $20,520 |
| 2017 | $686 | $29,860 | $9,340 | $20,520 |
| 2016 | $678 | $29,860 | $9,340 | $20,520 |
| 2015 | $678 | $29,860 | $9,340 | $20,520 |
| 2014 | $690 | $29,860 | $9,340 | $20,520 |
Source: Public Records
Agents Affiliated with this Home
-
Gordon Sorensen
-
Gerald Sorensen
Seller Co-Listing Agent in 2021
Gerald Sorensen
RE/MAX
(319) 269-1168
2 in this area
159 Total Sales
Map
Similar Homes in Waterloo, IA
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20211575
APN: 8913-26-429-003
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