NOT LISTED FOR SALE

720 Main St Cedar Falls, IA 50613

Estimated Value: $290,000 - $324,194

6 Beds
4 Baths
1,604 Sq Ft
$192/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $300,000 $187 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,053/month

30 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Holmes Junior High School Rated A-
  • Wood Siding

About This Home

As of August 2024

Terrific duplex offering in the heart of downtown Cedar Falls. Each unit has four bedrooms and 2 bathrooms. Both units leased through May 2025. Off Street parking, separate laundry for each unit. New roof in December of 2023. Landlord bills the tenants for utilities each month. Great income potential.

Last Agent to Sell the Property

Carissa Holton

EXP Realty, LLC License #S6485100 Listed on: 04/09/2024

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,476

Year Built

  • Built in 1889

Lot Details

  • 8,646 Sq Ft Lot
  • Lot Dimensions are 65x66x132x132

Home Design

  • Duplex
  • Concrete Foundation
  • Block Foundation
  • Asphalt Roof
  • Wood Siding

Laundry

  • Laundry on lower level

Parking

  • 6 Open Parking Spaces
  • No Garage
  • Parking Available

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, trash collection, water
  • Assessor Parcel Number 891412409021

Community Details

Overview

  • 2 Units
  • Garrison & Deans Addition Lot 7 Blk 5 Exc Begin Sw Subdivision

Building Details

  • Water Sewer Expense $560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,476

Year Built

Built in 1889

Lot Details

8,646 Sq Ft Lot

Listing Details

  • Parcel Number: 891412409021
  • Year Built: 1889
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor, Lower Level
  • Lot Size Acres: 0.2
  • Co List Office Phone: 833-835-5566
  • MLS Status: Closed
  • Subdivision Name: GARRISON & DEANS ADDITION LOT 7 BLK 5 EXC BEGIN SW
  • Above Grade Finished Sq Ft: 1604
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete, Floor Drain
  • Below Grade Sq Ft: 1647

Exterior Features

  • Construction Type: Wood Siding
  • Siding: Wood

Garage/Parking

  • Open Parking Spaces: 6
  • Parking Features: Parking Space, None

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Utilities: Electric Prorated, Gas Prorated, Water Prorated
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 560

Schools

  • Elementary School: Lincoln Elementary CF
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: C-1
  • Lot Dimensions: 65x66x132x132
  • Lot Size Sq Ft: 8646
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5476

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2023
Sold by
Dev Properties Llc
Bought by
City Of Cedar Falls
Current Estimated Value
$307,299

Purchase Details

Closed on
Jan 30, 2014
Sold by
Dolly S Rentals Llc
Bought by
Dev Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,200
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 7, 2011
Sold by
Dc Estate Of James B Stokes and Ex First National Bank
Bought by
Co Dollys Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
4.53%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
City Of Cedar Falls -- --
Dev Properties Llc $296,500 None Available
Co Dollys Rentals Llc $105,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dev Properties Llc $237,200
Previous Owner Co Dollys Rentals Llc $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2024 08/01/24 Sold $300,000 -14.3% $187 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $350,000 -- $218 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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 $5,630 $329,290 $48,020 $281,270
2024 $5,630 $349,820 $32,010 $317,810
2023 $4,986 $349,820 $32,010 $317,810
2022 $5,046 $270,110 $32,340 $237,770
2021 $4,818 $270,110 $32,340 $237,770
2020 $4,724 $258,790 $21,020 $237,770
2019 $4,724 $258,790 $21,020 $237,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20241342

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-409-016

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