NOT LISTED FOR SALE

901 18th St Marion, IA 52302

Estimated Value: $625,000 - $665,000

Studio
-- Bath
7,206 Sq Ft
$90/Sq Ft Est. Value

Sale Details

Date Sold: October 10, 2024

Last sale price $630,000 $87 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,200 / mo

13 Days on Market

Highlights

  • Deck
  • No HOA
  • Patio
  • Marion High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

About This Home

As of October 2024

Very well taken care of 8-Plex. Each unit is 2 Bedrooms, 1 Bath, over 800 Square feet. Each unit comes with a garage. Shared coin laundry in building. Fully occupied with room for rents to improve. 24 hour notice and pre-approval required for showings. Professional management in place. Contact listing agent for showings.

Last Agent to Sell the Property

Bryant Nicholson

Affinity Real Estate Services Listed on: 08/28/2024

Affinity Real Estate Services

Co-Listed By

Doug Mcallister

Pinnacle Realty LLC

Last Buyer's Agent

Rachel Franck

RE/MAX CONCEPTS

RE/MAX CONCEPTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,437

Year Built

  • Built in 1973

Lot Details

  • 13,199 Sq Ft Lot

Home Design

  • 7,206 Sq Ft Home
  • Frame Construction
  • Stone

Outdoor Features

  • Deck
  • Patio

Schools

  • Wilkins Elementary School
  • Vernon Middle School
  • Marion High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, water
  • Assessor Parcel Number 15062-02007-00000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $33,698
  • Gross Income $69,360
  • Net Operating Income $33,581

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,437

Year Built

Built in 1973

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential
  • Zoning: Resident
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.303
  • Reso Pets Allowed: Yes
  • Co List Office Mls Id: CPINN
  • Co List Office Phone: 319-393-0900
  • Co List Office Phone: 319-393-0900
  • MLS Status: Closed
  • Directions: Marion to 18th Street
  • Year Built: 1973
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: See Remarks

Exterior Features

  • Construction Type: Frame, Stone
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Wilkins
  • High School: Marion
  • Middle Or Junior School: Vernon

Lot Info

  • Lot Dimensions: 13200
  • ResoLotSizeUnits: Acres
  • Parcel Number: 15062-02007-00000
  • Zoning Description: Resident
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Water

Multi Family

  • Gross Income: 69360.0
  • Net Operating Income: 33581.0
  • Number Of Units Total: 8
  • Annual Operating Expense: 33698.0
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 9437.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2024 10/10/24 Sold $630,000 -3.1% $87 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $650,000 -- $90 / Sq Ft
Source: Cedar Rapids Area Association 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 $9,070 $595,100 $42,900 $552,200
2024 $9,070 $542,800 $42,900 $499,900
2023 $9,070 $504,900 $42,900 $462,000
2022 $10,320 $407,600 $33,000 $374,600
2021 $9,820 $407,600 $33,000 $374,600
2020 $9,820 $363,000 $33,000 $330,000
2019 $10,396 $333,700 $33,000 $300,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2405972

Cedar Rapids Area Association of REALTORS®

APN: 15062-02007-00000

Your Personal Tour Guide

Ask me questions while you tour the home.