Seller's Agent in 2025
Gordon Sorensen
RE/MAX
(319) 269-1164
1 in this area
175 Total Sales
807 W 3rd St Waterloo, IA 50701
Church Row Neighborhood
5
Beds
2
Baths
946
Sq Ft
5,000
Sq Ft Lot
Highlights
- Forced Air Heating and Cooling System
- Garage
- 5-minute walk to Washington Park
About This Home
As of March 2025This well-maintained duplex in Waterloo is a fantastic investment opportunity, offering a solid monthly gross income of $2,020. Recent updates, including new siding, fresh paint, and several updated vinyl windows, add to the property's appeal and longevity. The main-level unit features 3 bedrooms, 2 bathrooms, and ample living space, while the upper unit offers 2 bedrooms and 1 bathroom. The landlord covers utilities for the upper unit and water/sewer/trash for the main level, averaging around $300 per month. With steady rental income and key improvements already in place, this duplex is a great addition to any investor’s portfolio. Don’t miss out—schedule your showing today! 24 Hour Notice Required
Last Agent to Sell the Property
RE/MAX Concepts - Cedar Falls License #B59768000 Listed on: 02/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,154
Year Built
- Built in 1896
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 50x100
Home Design
- Duplex
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 946 Sq Ft Home
- 2-Story Property
- Stone Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Parking
- Garage
- 4 Open Parking Spaces
- Parking Available
Schools
- Irving Elementary School
- Central Middle School
- West High School
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for lawn care, snow removal
- Assessor Parcel Number 8913264010006
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $147
- Water Sewer Expense $153
- Operating Expense $300
- Gross Income $2,020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2025
Closed on
Mar 11, 2025
Sold by
Ia Home Rentals Llc
Bought by
Tournier Jay and Tournier Krystal
Seller's Agent
Gordon Sorensen
RE/MAX Concepts - Cedar Falls
Buyer's Agent
Jakob Elmquist-Tsui
AWRE, EXP Realty, LLC
List Price
$142,500
Sold Price
$136,500
Premium/Discount to List
-$6,000
-4.21%
Views
10
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
$28,937
Avg. Annual Appreciation
42.77%
Original Mortgage
$102,375
Outstanding Balance
$102,033
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$63,404
Purchase Details
Listed on
Oct 26, 2018
Closed on
Mar 29, 2019
Sold by
Kneble Roger and Knebel Hope
Bought by
Ia Home Rentals Llc
Seller's Agent
Robin Shrader
Century 21 Signature Real Estate - Cedar Falls
List Price
$59,900
Sold Price
$53,000
Premium/Discount to List
-$6,900
-11.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.17%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $136,500 | Abstract Title | |
| Warranty Deed | $53,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $102,375 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | Sold | $136,500 | -4.2% | $144 / Sq Ft |
| 02/16/2025 02/16/25 | Pending | -- | -- | -- |
| 02/14/2025 02/14/25 | For Sale | $142,500 | +168.9% | $151 / Sq Ft |
| 03/29/2019 03/29/19 | Sold | $53,000 | 0.0% | $66 / Sq Ft |
| 02/27/2019 02/27/19 | Off Market | $53,000 | -- | -- |
| 10/26/2018 10/26/18 | For Sale | $59,900 | -- | $74 / Sq Ft |
Source: Northeast Iowa Regional Board 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 | $1,252 | $57,740 | $6,600 | $51,140 |
| 2023 | $1,026 | $57,740 | $6,600 | $51,140 |
| 2022 | $998 | $46,720 | $6,600 | $40,120 |
| 2021 | $1,160 | $46,720 | $6,600 | $40,120 |
| 2020 | $1,140 | $51,180 | $6,600 | $44,580 |
| 2019 | $1,140 | $51,180 | $6,600 | $44,580 |
| 2018 | $1,140 | $51,180 | $6,600 | $44,580 |
| 2017 | $1,269 | $51,150 | $6,600 | $44,550 |
| 2016 | $1,152 | $51,150 | $6,600 | $44,550 |
| 2015 | $1,152 | $50,770 | $6,600 | $44,170 |
| 2014 | $1,174 | $50,770 | $6,600 | $44,170 |
Source: Public Records
Agents Affiliated with this Home
-
Gordon Sorensen
-
Gerald Sorensen
Seller Co-Listing Agent in 2025
Gerald Sorensen
RE/MAX
(319) 269-1168
1 in this area
167 Total Sales
-
Jakob Elmquist-Tsui
J
Buyer's Agent in 2025
Jakob Elmquist-Tsui
AWRE, EXP Realty, LLC
(319) 269-2477
2 in this area
14 Total Sales
-
Robin Shrader
Seller's Agent in 2019
Robin Shrader
Century 21 Signature Real Estate - Cedar Falls
(319) 231-2590
1 in this area
72 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20250613
APN: 8913-26-401-006
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