$185,000
SOLD JAN 21, 2025
-- Bed
-- Bath
2,200 Sq Ft
1,873 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

35 Days on Market

Highlights

  • Deck
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of January 2025

24 hour noticed needed. Both unit been remodeled, very sharp looking. Tenants pay for all utilities. This property has great space in each unit and will always stay full. This investor would do owner carry back and sell on contract. Lets get creative and get walk thrus setup!

Last Agent to Sell the Property

Lucas Burrington

Burrington Real Estate Listed on: 10/16/2024

Last Buyer's Agent

Lucas Burrington

Burrington Real Estate Listed on: 10/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,587

Year Built

  • Built in 1904

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Schools

  • Lincoln Elementary School
  • Central Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 891324383004

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $1,500
  • Gross Income $34,500
  • Net Operating Income $34,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,587

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential
  • Zoning: Res
  • Property Sub-Type: Multi Family
  • Reso Pets Allowed: Yes
  • Co List Office Phone: 319-213-1162
  • MLS Status: Closed
  • Directions: On Walnut St, Waterloo
  • Year Built: 1904
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • 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

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 2.0

Utilities

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

Schools

  • Elementary School: Lincoln
  • High School: East
  • Middle Or Junior School: Central

Lot Info

  • Lot Dimensions: 1890
  • ResoLotSizeUnits: Acres
  • Parcel Number: 891324383004
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 34500.0
  • Net Operating Income: 34500.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 1500.0
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Tax Annual Amount: 2587.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Jan 20, 2025
Sold by
Clay Enterprises Llc
Bought by
Aqua Sphere Rentals Llc
Seller's Agent
Lucas Burrington
Burrington Real Estate
Buyer's Agent
Lucas Burrington
Burrington Real Estate
List Price
$185,000
Sold Price
$185,000
Views
20
Current Estimated Value
$136,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,727
Avg. Annual Appreciation
-28.01%
Original Mortgage
$74,000
Outstanding Balance
$55,442
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$80,831

Purchase Details

Closed on
May 6, 2019
Sold by
Cassius Investment Group
Bought by
End Of The Road Llc

Purchase Details

Closed on
Nov 15, 2017
Sold by
Lake City Investments Llc
Bought by
Cassius Investment Group Llc

Purchase Details

Closed on
Sep 28, 2016
Sold by
Tl Properties Ia 2011 Llc
Bought by
Lake City Investments Llc

Purchase Details

Closed on
Jul 25, 2007
Sold by
The Mortgage Store Financial Inc
Bought by
Ta & Co Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,269
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 15, 2005
Sold by
Smith Annie L
Bought by
Bell Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
8.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Type Sale Price Title Company
Warranty Deed $92,500 None Listed On Document
Warranty Deed $92,500 None Listed On Document
Warranty Deed $20,000 --
Special Warranty Deed $21,500 None Available
Quit Claim Deed -- None Available
Warranty Deed $15,000 Black Hawk County Abstract C
Warranty Deed $56,000 A Title Escrow Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $74,000 New Conventional
Closed $74,000 New Conventional
Previous Owner $20,269 Credit Line Revolving
Previous Owner $50,400 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2025 01/21/25 Sold $185,000 0.0% $84 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $185,000 -- $84 / 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
2025 $892 $59,130 $2,170 $56,960
2024 $892 $41,100 $2,170 $38,930
2023 $684 $41,100 $2,170 $38,930
2022 $666 $31,140 $2,170 $28,970
2021 $500 $31,140 $2,170 $28,970
2020 $492 $22,110 $1,420 $20,690
2019 $492 $22,110 $1,420 $20,690
2018 $492 $22,110 $1,420 $20,690
2017 $508 $22,110 $1,420 $20,690
2016 $502 $22,110 $1,420 $20,690
2015 $502 $22,110 $1,420 $20,690
2014 $512 $22,110 $1,420 $20,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2407218

Cedar Rapids Area Association of REALTORS®

APN: 8913-24-383-004