NOT LISTED FOR SALE

645 16th Ave SW Cedar Rapids, IA 52404

Southwest Area Neighborhood

Estimated Value: $110,000 - $111,000

3 Beds
2 Baths
1,223 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $105,000 $86 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $746/month

137 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • Fenced
  • Junction City Elementary School Rated A
  • 3 Car Garage

About This Home

As of December 2022

Investor alert! Check out this duplex on the SW side of Cedar Rapids. Separated 3 stall detached garage. Updated, well maintained, and ready for its new owner!

Last Agent to Sell the Property

Jackie Karamitros

Pinnacle Realty LLC Listed on: 05/30/2022

Pinnacle Realty LLC

Co-Listed By

PJ McInerney

Pinnacle Realty LLC

Last Buyer's Agent

Tami Timm

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,268

Year Built

  • 1890

Lot Details

  • 5,619 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Fenced

Parking

  • 3 Car Garage

Home Design

  • 1,223 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Tenant pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,268

Year Built

1890

Lot Details

0

Listing Details

  • Acres: 0.1290
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2268
  • List User Cell Phone: 319-777-2077
  • Miscellaneous: Basement, Common Laundry-Owned, Deck/Patio, Fencing, Garage, Sep. Meter – Electric, Ten Storag
  • Net Tax: 2268
  • Noof Units One Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.72414
  • Ratio Close Price By Original Li: 0.72414
  • Ratio Current Price By Sq Ft: 85.85
  • Total Sq Ft: 1223
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Water, Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Lot Info

  • Lot Size: 40x140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2022
Closed on
Nov 27, 2022
Sold by
Ftf Enterprises Llc
Bought by
Royal Management Group Llc
Seller's Agent
Jackie Karamitros
Pinnacle Realty LLC
Buyer's Agent
Tami Timm
Realty87
List Price
$145,000
Sold Price
$105,000
Premium/Discount to List
-$40,000
-27.59%
Current Estimated Value
$110,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,500
Avg. Annual Appreciation
1.72%
Original Mortgage
$124,000
Outstanding Balance
$118,472
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
-$7,972

Purchase Details

Closed on
Oct 9, 2019
Sold by
Horizon Properties & Investments Llc
Bought by
Ftf Enterprises Llc

Purchase Details

Closed on
Oct 1, 2019
Sold by
Horizon Properties & Investments Llc
Bought by
Ftf Enterprises Llc

Purchase Details

Closed on
Sep 29, 2004
Sold by
Shea John F
Bought by
Mckibbin Jason J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
5.89%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Royal Management Group Llc $105,000 --
Ftf Enterprises Llc $71,000 None Available
Ftf Enterprises Llc $71,000 None Available
Mckibbin Jason J $51,500 All American Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Royal Management Group Llc $124,000
Previous Owner Mckibbin Jason J $52,000
Closed Ftf Enterprises Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2022 12/05/22 Sold $105,000 -27.6% $86 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
05/30/2022 05/30/22 For Sale $145,000 -- $119 / 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 $1,970 $130,800 $22,000 $108,800
2024 $2,258 $111,600 $20,000 $91,600
2023 $2,258 $111,300 $20,000 $91,300
2022 $1,984 $107,100 $17,000 $90,100
2021 $2,016 $95,800 $17,000 $78,800
2020 $2,016 $91,400 $15,000 $76,400
2019 $1,840 $85,400 $15,000 $70,400
2018 $1,790 $85,400 $15,000 $70,400
2017 $1,446 $84,200 $15,000 $69,200
2016 $1,446 $68,000 $15,000 $53,000
2015 $1,386 $65,103 $15,000 $50,103
2014 $1,386 $62,571 $15,000 $47,571
2013 $1,302 $62,571 $15,000 $47,571
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jackie Karamitros

    Pinnacle Realty LLC

    (319) 777-2077

    2 in this area

    65 Total Sales

    Jackie Karamitros
    Section Image
  • PJ McInerney

    Seller Co-Listing Agent in 2022

    PJ McInerney

    Pinnacle Realty LLC

    (319) 393-0900

    4 in this area

    83 Total Sales

    PJ McInerney
    Section Image
  • Tami Timm

    Buyer's Agent in 2022

    Tami Timm

    Realty87

    (319) 361-4663

    7 in this area

    224 Total Sales

    Tami Timm
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2204686

Cedar Rapids Area Association of REALTORS®

APN: 14321-07008-00000

Iowa Linn County Cedar Rapids 52404 Southwest Area

645 16th Ave SW, Cedar Rapids, IA

Not Listed for Sale

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