NOT LISTED FOR SALE

616 W 1st St Cedar Falls, IA 50613

Estimated Value: $51,000 - $209,000

0.09 Acre
$1,315,222 Price per Acre
4,092 Sq Ft Lot

Last Sold June 30, 2023

Last sale price $40,000 $37 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $653/month

1 Day on Market

Highlights

  • Level Lot
  • Holmes Junior High School Rated A-
  • 5-minute walk to Overman Park

About This Lot

As of June 2023

Great lot in a central Cedar Falls location close to downtown. This lot is zoned for commercial or residential use, with driveway access allowed through the public easement running North/South through the McDonald's site. Whether you're looking to build a single-family home, duplex, or small commercial space, this lot provides the location and space to make it happen. Contact an agent today for more details on this great opportunity!

Last Agent to Sell the Property

Dan Berregaard

Oakridge Real Estate License #B40431 Listed on: 06/06/2023

Oakridge Real Estate

Co-Listed By

Eli Berregaard

Oakridge Real Estate License #S67391000

Last Buyer's Agent

Steven Jordan

Oakridge Real Estate License #B63146000

Oakridge Real Estate

Property Details

Property Type

  • Land

Lot Details

  • 4,092 Sq Ft Lot
  • Lot Dimensions are 66x62
  • Level Lot
  • Cleared Lot

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Listing and Financial Details

  • Assessor Parcel Number 891412154017

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Total Assessed Value: 19010
  • Class: Land-Building Site
  • Flood: C/X - Not In Flood Plain
  • Gross Taxes: 1533.15
  • Legal Description: ORIGINAL PLAT CEDAR FALLS E 1/2 LOT 8 BLK 29 EXC THAT PART DESC AS BEG AT NE COR LOT 8 TH S 3.5 FT TH S 89 DEG 22 MIN 23 SEC W 66.34 FT TH N 3.48 FT TH N 89 DEG 21 MIN 31 SEC E 66.35 FT TO POB
  • Lot Dimensions: 66x62
  • Lvt Date: 06/06/2023
  • Parcel Number: 891412154017
  • Reg Irreg: Reg
  • Type: Residential Lots-Urban
  • Potential Use: Single Family, Multi-Family, Commercial/Industrial, Office/Institutional, Residential
  • Restrictions Easements: Easements
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Region: Cedar Falls South 2
  • Sewer Type: City

Exterior Features

  • Road Frontage: City/Town, Paved Road Frontage

Utilities

  • Water Type: City

Schools

  • Elementary School: Lincoln Elementary CF
  • Middle School: Holmes Junior High
  • High School: Cedar Falls High
  • Elementary School: Lincoln Elementary CF
  • Middle Jr High School: Holmes Junior High
  • Senior High School: Cedar Falls High

Lot Info

  • Acres: 0.09
  • Lot Sq Ft: 4092
  • Lot Description: Commercial, Level, Residential
  • Topography: Cleared/Open
  • Geo Subdivision: IA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Jun 28, 2023
Sold by
Hurst Donald E
Bought by
Jordans Nursery Inc
Seller's Agent
Dan Berregaard
Oakridge Real Estate
Buyer's Agent
Steven Jordan
Oakridge Real Estate
List Price
$39,900
Sold Price
$40,000
Premium/Discount to List
$100
0.25%
Views
5
Current Estimated Value
$118,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,370
Avg. Annual Appreciation
50.08%
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
Jordans Nursery Inc $40,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $40,000 +0.3% $37 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $39,900 -- $37 / Sq Ft
Source: Northeast Iowa Regional Board 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
2024 $306 $19,010 $19,010 $0
2023 $1,514 $19,010 $19,010 $0
2022 $1,534 $82,060 $21,120 $60,940
2021 $1,390 $82,060 $21,120 $60,940
2020 $1,362 $74,670 $13,730 $60,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20232200

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-154-017