$80,000

657 Sherman Ave Waterloo, IA 50703

Gates Park Neighborhood

Estimated payment $515/month

2 Beds
1 Bath
676 Sq Ft
$118 Price per Sq Ft

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 4-minute walk to Gates Park

About This Home

Presenting a versatile real estate opportunity, this charming single-family home offers immense potential for both savvy investors seeking a reliable income stream and first-time homebuyers looking for an accessible entry point into homeownership. Currently operating as a sound rental property with a consistent history, it can be seamlessly maintained as an investment to immediately generate passive income. Alternatively, its comfortable layout, manageable size, and appealing location make it an ideal starter home, providing a fantastic foundation for those ready to leave renting behind and build equity. This property delivers exceptional flexibility, serving dual roles as a stable asset or a comfortable personal residence ready for your vision. Seller is a licensed Realtor in the State of Iowa. There are additional properties for sale, reach out or have your agent reach out for the current list.

Listing Agent

Gordon Sorensen

RE/MAX Concepts - Cedar Falls License #B59768000 Listed on: 11/14/2025

Co-Listing Agent

Gerald Sorensen

RE/MAX Concepts - Cedar Falls License #B59861000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,136

Year Built

  • Built in 1950

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Property is zoned R-2

Parking

  • 1 Car Detached Garage

Home Design

  • 676 Sq Ft Home
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Cunningham Elementary School
  • George Washington Carver Academy Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • North Waterloo Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 891313106002

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,136

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Parcel Number: 891313106002
  • Year Built: 1950
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • Lot Size Acres: 0.15
  • Road Surface Type: Concrete
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: NBR92
  • Co List Office Phone: 319-266-7100
  • Co List Office Phone: 319-266-7100
  • MLS Status: ACTIVE
  • Subdivision Name: NORTH WATERLOO PLACE
  • Reso Fireplace Features: None
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 676
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • BelowGradeArea: 676

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: 1 Stall, Detached Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Cunningham
  • High School: East High
  • Middle Or Junior School: George Washington Carver Academy

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 50 x 130
  • Lot Size Sq Ft: 6500
  • Additional Parcels: No

Multi Family

  • Total Actual Rent: 935

Tax Info

  • Tax Annual Amount: 1136

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 $1,136 $67,420 $9,310 $58,110
2024 $1,136 $52,330 $9,310 $43,020
2023 $1,068 $52,330 $9,310 $43,020
2022 $1,038 $48,590 $9,310 $39,280
2021 $1,283 $48,590 $9,310 $39,280
2020 $932 $41,820 $8,580 $33,240
2019 $932 $41,820 $8,580 $33,240
2018 $932 $41,820 $8,580 $33,240
2017 $620 $41,820 $8,580 $33,240
2016 $606 $38,800 $8,580 $30,220
2015 $606 $38,800 $8,580 $30,220
2014 $758 $44,840 $8,580 $36,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 For Sale $80,000 +86.0% $118 / Sq Ft
08/01/2016 08/01/16 Sold $43,000 -14.0% $64 / Sq Ft View Prior Sale
07/20/2016 07/20/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $50,000 -- $74 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $43,000 None Available
Source: Public Records

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20255881

Northeast Iowa Regional Board of REALTORS®

APN: 8913-13-106-002

Iowa Black Hawk County Waterloo 50703 Gates Park

657 Sherman Ave, Waterloo, IA

For Sale

Detached

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Northeast Iowa Regional Board 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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Gordon Sorensen
Listing Agent
Gordon Sorensen
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RE/MAX Concepts - Cedar Falls
(319) 284-8759