$144,000
SOLD JUN 1, 2021

915 Clay St Cedar Falls, IA 50613

-- Bed
-- Bath
1,124 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

15% Below List Price

168 Days on Market

Highlights

  • Central Air
  • Holmes Junior High School Rated A-
  • Garage

About This Home

As of June 2025

Lovely Lady Victorian! On the market for the first time in 45 years, here is your opportunity! This home qualifies for $10,000 forgivable loan to make exterior improvements if converting it back to its splendor as one family home. Gorgeous hardwood floors throughout(some preserved under carpet), brick fireplace in formal living room, several built ins, crown molding, details in the woodwork and baseboards. Main floor unit has Retro red & white kitchen with original metal cabinetry and vintage farmhouse sink with double drain boards. The upper unit kitchen also features a vintage high back sink and pantry shelving next to the fridge. Claw foot tub in the main floor bath. Tub/shower combo in the upper. The formal staircase still has the original charming spindles and post caps. The second floor living room has a lovely leaded glass window. All the woodwork is original and features lovely rosettes. Both units are 2 bed, 1 bath and could include 1 garage stall. For owner and tenant convenience all utilities are separated, and some mechanicals have seen updates including central air in both units. Property is in compliance with Cedar Falls rental code offering nearly double the paved parking required.

Last Agent to Sell the Property

Steven Jordan

Oakridge Real Estate License #B63146000 Listed on: 10/12/2020

Oakridge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,312

Year Built

  • Built in 1918

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Duplex
  • Concrete Foundation
  • Asphalt Roof
  • Slate

Interior Spaces

  • Interior Basement Entry

Laundry

  • Laundry on lower level
  • Washer and Gas Dryer Hookup

Parking

  • Garage
  • 8 Open Parking Spaces
  • On-Street Parking

Schools

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

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, trash collection, water
  • Assessor Parcel Number 891412381004

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $4,500
  • Gross Income $20,400
  • Net Operating Income $14,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,312

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Parcel Number: 891412381004
  • Year Built: 1918
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Dryer Hookup-Gas, Laundry Closet, Lower Level, Washer Hookup
  • Lot Size Acres: 0.2
  • Co List Office Phone: 319-266-8080
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1124
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete, Entrance-Inside
  • Below Grade Sq Ft: 1082

Exterior Features

  • Construction Type: Slate
  • Siding: Slate

Garage/Parking

  • Open Parking Spaces: 8
  • Parking Features: Detached, Garage, On Street, Paved

Utilities

  • Cooling: Central Air
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Separate Meters, Water - Multiple Meters
  • Water Source: City

Schools

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

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 66X132
  • Lot Size Sq Ft: 8712
  • Additional Parcels: No

Rental Info

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

Multi Family

  • Gross Income: 20400
  • Operating Expense: 4500
  • Number Of Units Total: 2
  • Net Operating Income: 14900

Tax Info

  • Tax Annual Amount: 3312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2025
Closed on
Jun 2, 2025
Sold by
Hanson Group Llc
Bought by
Kelly Property Investments Llc
Seller's Agent
Danielle Morris
Berkshire Hathaway Home Services One Realty Centre
Buyer's Agent
Danielle Morris
Berkshire Hathaway Home Services One Realty Centre
List Price
$199,900
Sold Price
$188,000
Premium/Discount to List
-$11,900
-5.95%
Views
24
Current Estimated Value
$198,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,754
Avg. Annual Appreciation
18.99%
Original Mortgage
$150,400
Outstanding Balance
$144,034
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$54,720

Purchase Details

Listed on
Oct 12, 2020
Closed on
May 26, 2021
Sold by
Hartema Marvin J and Hartema Peggy L
Bought by
The Hanson Group Llc
Seller's Agent
Steven Jordan
Oakridge Real Estate
List Price
$168,500
Sold Price
$144,000
Premium/Discount to List
-$24,500
-14.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$117,600
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2008
Sold by
Hartema Marvin J and Hartema Peggy I
Bought by
Hartema Marvin J and Hartema Peggy I
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $188,000 Title Services
Warranty Deed $144,000 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,400 New Conventional
Previous Owner $117,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Sold $188,000 -6.0% $85 / Sq Ft
04/11/2025 04/11/25 Pending -- -- --
04/08/2025 04/08/25 For Sale $199,900 +38.8% $91 / Sq Ft
06/01/2021 06/01/21 Sold $144,000 -4.0% $128 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/22/2021 03/22/21 Price Changed $150,000 -3.2% $133 / Sq Ft
03/01/2021 03/01/21 Price Changed $155,000 -2.2% $138 / Sq Ft
01/29/2021 01/29/21 Price Changed $158,500 -3.1% $141 / Sq Ft
01/09/2021 01/09/21 Price Changed $163,500 -3.0% $145 / Sq Ft
10/12/2020 10/12/20 For Sale $168,500 -- $150 / Sq Ft
Source: Northeast Iowa Regional Board 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
2024 $3,456 $214,790 $32,340 $182,450
2023 $3,470 $214,790 $32,340 $182,450
2022 $3,600 $187,920 $32,340 $155,580
2021 $3,378 $192,720 $32,340 $160,380
2020 $3,312 $181,510 $21,020 $160,490
2019 $3,312 $181,510 $21,020 $160,490
2018 $3,132 $169,430 $21,020 $148,410
2017 $3,198 $169,430 $21,020 $148,410
2016 $2,994 $169,430 $21,020 $148,410
2015 $2,994 $169,430 $21,020 $148,410
2014 $2,798 $156,530 $21,020 $135,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20205193

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-381-004