NOT LISTED FOR SALE

711 2nd Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated Value: $108,000 - $111,000

2 Beds
2 Baths
1,302 Sq Ft
$84/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $110,000 $84 Per Sq Ft

Current estimated payment $745/month

17 Days on Market

Highlights

  • Deck
  • Patio
  • Garage
  • No HOA
  • Forced Air Heating and Cooling System
  • 5-minute walk to Krebs Park

About This Home

As of October 2024

Fantastic investment opportunity! This fully rented duplex, with long-term tenants in place, offers reliable income and peace of mind. Both units feature their own washer and dryer, adding convenience for tenants. The property is well-maintained with vinyl siding and updated vinyl windows. Each unit comes with its own 1-car garage, perfect for additional storage or parking. Located in a desirable, clean neighborhood, this duplex offers excellent value for investors or homeowners alike.

Last Listed By

Jeremy Emmert

COLDWELL BANKER HEDGES Listed on: 09/19/2024

COLDWELL BANKER HEDGES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,560

Year Built

  • Built in 1900

Lot Details

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

Parking

  • Garage

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,302 Sq Ft Home
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Schools

  • Taylor Elementary School
  • Wilson Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 14291-84003-00000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $219
  • Gross Income $1,250
  • Net Operating Income $1,031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,560

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.129
  • Co List Office Phone: 319-378-8760
  • MLS Status: Closed
  • Directions: From 1st Avenue NW, S on 7th St SW, W on 2nd Avenue SW
  • Year Built: 1900
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Taylor
  • High School: Jefferson
  • Middle Or Junior School: Wilson

Lot Info

  • Lot Dimensions: 40x140
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14291-84003-00000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1250.0
  • Net Operating Income: 1031.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 219.0

Tax Info

  • Tax Annual Amount: 1560.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 30, 2024
Sold by
Bcmt Llc
Bought by
Maryland Zayda
Seller's Agent
Jeremy Emmert
COLDWELL BANKER HEDGES
Buyer's Agent
Z Maryland
Pinnacle Realty LLC
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%
Total Days on Market
17
Views
1
Current Estimated Value
$109,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$500
Avg. Annual Appreciation
-0.91%
Original Mortgage
$108,007
Outstanding Balance
$107,473
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$2,027

Purchase Details

Closed on
Nov 9, 2018
Sold by
Bulicek Jeff and Bulicek Paula A
Bought by
Bcmt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.7%
Mortgage Type
Future Advance Clause Open End Mortgage

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
Maryland Zayda $110,000 River Ridge Escrow
Bcmt Llc $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maryland Zayda $108,007
Previous Owner Bcmt Llc $55,000
Previous Owner Bulicek Jeffrey S $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $110,000 -8.3% $84 / Sq Ft
10/06/2024 10/06/24 Pending -- -- --
10/02/2024 10/02/24 Price Changed $119,900 -4.1% $92 / Sq Ft
09/19/2024 09/19/24 For Sale $125,000 -- $96 / 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 $1,618 $88,200 $20,000 $68,200
2022 $1,588 $76,700 $20,000 $56,700
2021 $1,436 $76,700 $20,000 $56,700
2020 $1,436 $65,100 $14,000 $51,100
2019 $1,194 $55,400 $12,000 $43,400
2018 $1,162 $55,400 $12,000 $43,400
2017 $1,194 $54,800 $12,000 $42,800
2016 $1,164 $54,800 $12,000 $42,800
2015 $1,178 $55,388 $12,000 $43,388
2014 $1,178 $55,388 $12,000 $43,388
2013 $1,154 $55,388 $12,000 $43,388
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jeremy Emmert

    COLDWELL BANKER HEDGES

    (319) 210-0630

    5 in this area

    101 Total Sales

    Jeremy Emmert
    Section Image
  • Z Maryland

    Buyer's Agent in 2024

    Z Maryland

    Pinnacle Realty LLC

    (319) 431-0382

    5 in this area

    88 Total Sales

    Z Maryland
    Section Image
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Map

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2406476

Cedar Rapids Area Association of REALTORS®

APN: 14291-84003-00000

Iowa Linn County Cedar Rapids 52404 Taylor

711 2nd Ave SW, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 711 2nd Ave SW, Cedar Rapids, IA 52404 since 19 September 2024 and is currently estimated at $109,500, approximately $84 per square foot. This property was built in 1900. 711 2nd Ave SW is a home located in Linn County with nearby schools including Cedar River Academy at Taylor Elementary School, Wilson Middle School, 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.