821 3rd Ave SE Cedar Rapids, IA 52403
Oak Hill Jackson NeighborhoodEstimated payment $2,730/month
Total Views
15,334
3
Beds
6
Baths
5,891
Sq Ft
$59
Price per Sq Ft
Highlights
- 0.19 Acre Lot
- Cooling System Mounted To A Wall/Window
- Forced Air Zoned Heating and Cooling System
- 1 Car Attached Garage
- Guest Parking
- Gas Fireplace
About This Home
This property presents endless opportunities! Formerly a thriving restaurant, it is now poised for new ownership and a fresh business venture. Strategically located in a central hub between downtown, Newbo, and both hospitals, ensuring maximum visibility. A functional commercial elevator facilitates the transportation of large items between floors. Recently installed steel roof and meticulously maintained brick exterior. The main level is designed for guest entertainment, boasting a full-service kitchen, bar, multiple dining areas, and restrooms. Exquisite light fixtures and an abundance of character permeate throughout. Multiple entrances at the front and rear enable simultaneous operations. The lower level primarily serves as storage space, with ample room. Included in the sale are the furnishings and appliances. The upper two levels provide living areas, complete with a full kitchen, dining space, bar, bedrooms, bathrooms, and distinctive loft beds. This is an opportunity not to be missed! Selling AS IS
Home Details
Home Type
- Single Family
Year Built
- Built in 1870
Lot Details
- 8,407 Sq Ft Lot
- Lot Dimensions are 60 x 140
- Property is zoned Comm/Res, Comm/Res
Parking
- 1 Car Attached Garage
- Guest Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Frame Construction
- Vinyl Siding
- Masonry
- Stone
Interior Spaces
- 5,891 Sq Ft Home
- Gas Fireplace
- Family Room with Fireplace
- Great Room with Fireplace
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Grant Wood Elementary School
- Mckinley Middle School
- Washington High School
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 142147600400000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $9,286 | $419,500 | $100,800 | $318,700 |
| 2022 | $895 | $361,200 | $100,800 | $260,400 |
| 2021 | $12,468 | $361,200 | $100,800 | $260,400 |
| 2020 | $12,468 | $361,300 | $100,800 | $260,500 |
| 2019 | $5,828 | $190,828 | $66,528 | $124,300 |
| 2018 | $5,923 | $190,828 | $66,528 | $124,300 |
| 2017 | $5,238 | $158,528 | $66,528 | $92,000 |
| 2016 | $7,094 | $158,528 | $66,528 | $92,000 |
| 2015 | $7,921 | $208,894 | $100,800 | $108,094 |
| 2014 | $5,240 | $208,894 | $100,800 | $108,094 |
| 2013 | $7,324 | $208,894 | $100,800 | $108,094 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Price Changed | $350,000 | 0.0% | $59 / Sq Ft |
| 05/01/2025 05/01/25 | For Sale | $350,000 | -7.4% | $59 / Sq Ft |
| 04/30/2025 04/30/25 | Off Market | $378,000 | -- | -- |
| 02/12/2025 02/12/25 | Price Changed | $378,000 | -1.8% | $64 / Sq Ft |
| 01/15/2025 01/15/25 | For Sale | $385,000 | -- | $65 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $330,929 | None Listed On Document | |
| Special Warranty Deed | $54,000 | None Available | |
| Warranty Deed | $275,000 | None Available | |
| Contract Of Sale | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $650,000 | Construction | |
| Previous Owner | $51,500 | Credit Line Revolving | |
| Previous Owner | $232,406 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $317,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $320,000 | Seller Take Back |
Source: Public Records
Similar Home in Cedar Rapids, IA
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2500339
APN: 14214-76004-00000
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