NOT LISTED FOR SALE

710 F Ave NW Cedar Rapids, IA 52405

Northwest Area Neighborhood

Estimated Value: $144,000 - $219,064

6 Beds
4 Baths
2,510 Sq Ft
$75/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $185,000 $74 Per Sq Ft

Current estimated payment $1,320/month

5 Days on Market

About This Home

As of September 2021

Have you thought about owning your own business in the short term rental industry?  This triplex property is currently being used as an AirBnb, the close proximity to I 380, downtown Cedar Rapids, and the Newbo area make it an ideal property for any business or pleasure traveler. Each unit offers 2 beds, 1 bath, and a full kitchen; most appliances are newer and stay with the property.  Each unit has separate utilities (utilities are in the owner's because it is an Airbnb).Two of the units are fully furnished, the seller has no intent to remove the furniture, the new owner can rent it as soon as they take possession.  Some improvements include a new roof, painting, new entry way steps... Unit 3 is in need of minor repairs and is currently empty,  units 1 and 4 are short term rentals only.  $26,000 in rental income generated in 2020 (during the pandemic) and low maintenance cost. 24 hour notice needed for all showings.

Last Agent to Sell the Property

Maggie Druger

SKOGMAN REALTY Listed on: 07/19/2021

SKOGMAN REALTY

Last Buyer's Agent

Aaron Webber

Keller Williams Legacy Group

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Parking

  • 3 Parking Spaces

Home Design

  • 2,510 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Gross Income $24,000

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • City Name: Cedar Rapids
  • Expense Info: Owner Provided, Tax Return Available
  • Gross Tax: 4686
  • List User Cell Phone: 319-213-1544
  • Miscellaneous: Basement, Common Laundry-Owned, Deck/Patio, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Sep. Meter – Water
  • Net Tax: 4497
  • Noof Units Two Bedroom: 3
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.92546
  • Ratio Close Price By Original Li: 0.92546
  • Ratio Current Price By Sq Ft: 73.71
  • Total Sq Ft: 2510
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • 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: Gas Heat, Hot Water Heat, Window/Wall Air

Schools

  • Elementary School: Harrison
  • Middle School: Roosevelt
  • High School: Jefferson

Lot Info

  • Lot Size: 5663

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 24000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Sep 10, 2021
Sold by
Martin Jeffrey A
Bought by
Freund Rental Properties Llc
Seller's Agent
Maggie Druger
SKOGMAN REALTY
Buyer's Agent
Aaron Webber
Keller Williams Legacy Group
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Current Estimated Value
$184,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$304
Avg. Annual Appreciation
1.42%
Original Mortgage
$148,000
Outstanding Balance
$132,514
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$63,058

Purchase Details

Listed on
May 14, 2015
Closed on
Dec 27, 2016
Sold by
Schwerin Paul M and Schwerin Sara M
Bought by
Martin Jeffrey A
Seller's Agent
Curtis Cleveland
Realty87
Buyer's Agent
Curtis Cleveland
Realty87
List Price
$139,500
Sold Price
$126,600
Premium/Discount to List
-$12,900
-9.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%

Purchase Details

Closed on
Nov 12, 2006
Sold by
Burkle Edward J and Burkle Lisa A
Bought by
Schwerin Paul M and Schwerin Sara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,450
Interest Rate
6.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 1998
Sold by
Beck Norma Jean and Shepherd Gerald L
Bought by
Shepherd Gwenda L
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
Freund Rental Properties Llc $185,000 None Available
Martin Jeffrey A -- None Available
Schwerin Paul M $100,000 All American Escrow & Title
Shepherd Gwenda L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freund Rental Properties Llc $148,000
Previous Owner Schwerin Paul M $69,239
Previous Owner Schwerin Paul $184,900
Previous Owner Schwerin Paul M $90,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $185,000 -7.5% $74 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $199,900 +57.9% $80 / Sq Ft
12/29/2016 12/29/16 Sold $126,600 0.0% $50 / Sq Ft
09/29/2015 09/29/15 Off Market $126,600 -- --
05/14/2015 05/14/15 For Sale $139,500 -- $56 / 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
2023 $3,754 $184,700 $22,000 $162,700
2022 $4,342 $178,000 $22,000 $156,000
2021 $3,504 $178,000 $22,000 $156,000
2020 $3,504 $132,700 $16,000 $116,700
2019 $3,218 $119,800 $16,000 $103,800
2018 $3,444 $119,800 $16,000 $103,800
2017 $3,194 $96,900 $16,000 $80,900
2016 $3,194 $96,900 $16,000 $80,900
2015 $3,194 $95,957 $16,000 $79,957
2014 $3,298 $79,560 $6,804 $72,756
2013 $2,894 $79,560 $6,804 $72,756
Source: Public Records

Agents Affiliated with this Home

  • Maggie Druger

    Seller's Agent in 2021

    Maggie Druger

    SKOGMAN REALTY

    (319) 213-1544

    5 in this area

    106 Total Sales

    Section Image

  • A

    Buyer's Agent in 2021

    Aaron Webber

    Keller Williams Legacy Group

    (319) 560-0169

    3 in this area

    77 Total Sales

    Section Image
  • Curtis Cleveland

    Seller's Agent in 2016

    Curtis Cleveland

    Realty87

    (319) 360-0708

    1 in this area

    152 Total Sales

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2104917

Cedar Rapids Area Association of REALTORS®

APN: 14204-59014-00000

Iowa Linn County Cedar Rapids 52405 Northwest Area

710 F Ave NW, Cedar Rapids, IA

This home is located at 710 F Ave NW, Cedar Rapids, IA 52405 since 19 July 2021 and is currently estimated at $187,688, approximately $74 per square foot. This property was built in 1890. 710 F Ave NW is a home located in Linn County with nearby schools including Harrison Elementary School, Roosevelt Creative Corridor Business Academy, and Thomas Jefferson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association 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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