Seller's Agent in 2019
Tyler Funke
Realty87
(319) 491-5446
207 Total Sales
705 E 1st St Mechanicsville, IA 52306
Estimated Value: $174,000 - $231,000
2
Beds
2
Baths
1,338
Sq Ft
$148/Sq Ft
Est. Value
Highlights
- Deck
- Ranch Style House
- 4 Car Detached Garage
- Recreation Room
- L-Shaped Dining Room
- Forced Air Cooling System
About This Home
As of December 2019Lots of small town land with city benefits all on .691 acres. No need to worry about only 2 bedrooms, as there is a large 3rd non conforming room in the basement. Space is never an issue with the partial finished basement, 3 seasons room, 3 stall garage, two additional storage sheds, and a HUGE 30x36 outbuilding with a 16ft door! Seller will credit buyer $1,500 at closing towards new garage doors on the 3 stall garage. Property is being sold "as-is" but this home has nothing to fear. Feel free to do inspections FYI! AND sellers added a steel roof on both the garage and home just last November. A short commute to Cedar Rapids or Iowa City paired with the small town comfort of knowing your neighbors makes this home the perfect opportunity to invest in yourself. With some quick and painless TLC this home would have instant equity. Finish off your time outside on the beautiful deck and watch the corn grow in your own backyard.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,352
Year Built
- 1893
Lot Details
- 0.69 Acre Lot
Home Design
- Ranch Style House
- Frame Construction
- Vinyl Construction Material
Interior Spaces
- Whole House Fan
- Family Room
- Living Room
- L-Shaped Dining Room
- Recreation Room
Kitchen
- Breakfast Bar
- Range
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Basement
- Partial Basement
- Crawl Space
Parking
- 4 Car Detached Garage
- Off-Street Parking
Outdoor Features
- Deck
- Storage Shed
Utilities
- Forced Air Cooling System
- Heating System Uses Gas
- Gas Water Heater
- Water Softener is Owned
- Cable TV Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2019
Closed on
Dec 16, 2019
Sold by
Hankemeie Gerald and Hankemier Karla
Bought by
Sadler Jack E
Seller's Agent
Tyler Funke
Realty87
Buyer's Agent
Rebecca Phipps
Urban Acres Real Estate Corridor
List Price
$135,000
Sold Price
$115,000
Premium/Discount to List
-$20,000
-14.81%
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
$83,510
Avg. Annual Appreciation
8.90%
Original Mortgage
$88,326
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 28, 2007
Sold by
Wells Fargo Financial Iowa Inc
Bought by
Hankemeier Gerald and Hankemeier Karla
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,410
Interest Rate
6.21%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 14, 2007
Sold by
Federal National Mortgage Association
Bought by
Wells Fargo Financial Iowa Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,410
Interest Rate
6.21%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 24, 2005
Sold by
Fletcher E Thomas and Fletcher Lois
Bought by
Patterson Paul E and Patterson Linda R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,913
Interest Rate
5.93%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sadler Jack E | $115,000 | None Available | |
| Hankemeier Gerald | $105,000 | All American Escrow & Title | |
| Wells Fargo Financial Iowa Inc | -- | None Available | |
| Patterson Paul E | $118,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Sadler Jack E | $88,326 | |
| Previous Owner | Hankemeier Gerald | $95,600 | |
| Previous Owner | Hankemeier Gerald | $94,410 | |
| Previous Owner | Patterson Paul E | $124,913 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2019 12/18/19 | Sold | $115,000 | -8.0% | $86 / Sq Ft |
| 11/19/2019 11/19/19 | Pending | -- | -- | -- |
| 10/24/2019 10/24/19 | Price Changed | $125,000 | -3.8% | $93 / Sq Ft |
| 10/14/2019 10/14/19 | Price Changed | $130,000 | -3.7% | $97 / Sq Ft |
| 09/30/2019 09/30/19 | For Sale | $135,000 | -- | $101 / Sq Ft |
Source: Cedar Rapids Area Association 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 | $3,260 | $198,670 | $32,400 | $166,270 |
| 2023 | $2,994 | $185,900 | $32,400 | $153,500 |
| 2022 | $2,238 | $123,960 | $21,600 | $102,360 |
| 2021 | $2,234 | $123,960 | $21,600 | $102,360 |
| 2020 | $2,178 | $123,960 | $21,600 | $102,360 |
| 2019 | $2,352 | $128,920 | $0 | $0 |
| 2018 | $2,284 | $128,920 | $0 | $0 |
| 2017 | $2,284 | $133,330 | $0 | $0 |
| 2016 | $2,430 | $133,330 | $0 | $0 |
| 2015 | $2,392 | $133,330 | $0 | $0 |
| 2014 | $2,392 | $133,330 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Funke
-
Rebecca Phipps
R
Buyer's Agent in 2019
Rebecca Phipps
Urban Acres Real Estate Corridor
(319) 270-2914
168 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 1907277
APN: 0440-02-19-104-011-0
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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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