NOT LISTED FOR SALE

640 16th Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood
-- Bed
-- Bath
10,710 Sq Ft
16,988 Sq Ft Lot

Last Sold September 30, 2015

Last sale price $324,000 $30 Per Sq Ft

58 Days on Market

Highlights

  • 0.39 Acre Lot
  • Deck
  • Hot Water Heating System

About This Home

As of September 2015

18 ONE BEDROOMS IN A HIGHLY VISABLE LOCATION. CURRENT RENTS PER SQUARE FOOT SUGGEST A $10 TO $15/MO INCREASE. SALE AT LIST PRICE COULD LOWER RE TAXES. CALL LA FOR PROSPECTS. BACK ON THE MARKET - PREVIOUS PRICE WAS $360,000.

Last Agent to Sell the Property

Bob Wilkes

SKOGMAN REALTY COMMERCIAL Listed on: 06/10/2015

SKOGMAN REALTY COMMERCIAL

Co-Listed By

Mike Shaffer

SKOGMAN REALTY COMMERCIAL

Last Buyer's Agent

Dan Wilkes

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • 1973

Lot Details

  • 0.39

Home Design

  • 10,710 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System
  • Separate Meters

Additional Features

  • Deck
  • 0.39 Acre Lot

Community Details

  • Gross Income $82,800
  • Net Operating Income $37,778

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Year Built

1973

Lot Details

0.39 Acres

Listing Details

  • Acres: 0.3900
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided, Tax Return Available
  • Gross Tax: 15868
  • Miscellaneous: Common Laundry-Leased, Deck/Patio, Parking Spaces, Sep. Meter – Electric
  • Net Tax: 15868
  • Noof Units One Bedroom: 18
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.90000
  • Ratio Current Price By Sq Ft: 30.25
  • Total Sq Ft: 10710
  • Style St: Flat/Apartment
  • Taxable Value Tv: 402100.00
  • Tax Roll Number: 143210401600000
  • Tenants Responsibilities Include: Electricity
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Exterior Features

  • Construction Methods: Frame
  • Exterior: Brick

Utilities

  • Heating Cooling: Hot Water Heat, Window/Wall Air

Lot Info

  • Lot Size: 16800

Rental Info

  • Owner Pays: Water, Gas
  • Total Expenses: 45022

Multi Family

  • Gross Income: 82800
  • Net Operating Income: 37778.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $324,000 -10.0% $30 / Sq Ft
08/07/2015 08/07/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $360,000 -- $34 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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 $9,586 $573,900 $42,000 $531,900
2024 $9,418 $541,700 $42,000 $499,700
2023 $9,418 $541,700 $42,000 $499,700
2022 $10,894 $446,500 $42,000 $404,500
2021 $8,916 $446,500 $42,000 $404,500
2020 $8,916 $337,700 $33,600 $304,100
2019 $9,146 $322,000 $33,600 $288,400
2018 $9,556 $322,000 $33,600 $288,400
2017 $10,264 $325,300 $33,600 $291,700
2016 $13,252 $402,100 $33,600 $368,500
2015 $14,994 $436,383 $33,600 $402,783
2014 $14,994 $436,383 $33,600 $402,783
2013 $15,868 $436,383 $33,600 $402,783
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Bob Wilkes

    SKOGMAN REALTY COMMERCIAL

    (319) 540-1178

    2 Total Sales

    Bob Wilkes
    Section Image
  • Mike Shaffer

    Seller Co-Listing Agent in 2015

    Mike Shaffer

    SKOGMAN REALTY COMMERCIAL

    (319) 366-6427

    25 Total Sales

    Mike Shaffer
    Section Image

  • D

    Buyer's Agent in 2015

    Dan Wilkes

    SKOGMAN REALTY

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1504719

Cedar Rapids Area Association of REALTORS®
Iowa Linn County Cedar Rapids 52404 Taylor

640 16th Ave SW, Cedar Rapids, IA

Not Listed for Sale

MultiFamily

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