NOT LISTED FOR SALE

920 W 2nd St Cedar Falls, IA 50613

Estimated Value: $222,000 - $255,000

4 Beds
2 Baths
1,383 Sq Ft
$170/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $260,000 $188 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,488/month

63 Days on Market

About This Home

As of October 2024

Location, location, location! This duplex is conveniently located near downtown Cedar Falls and the UNI campus. The property features a four bedroom unit upstairs and a two bedroom unit on the lower level. Off-street parking and income producing. Schedule your tour today! Owner is a Licensed Realtor in the State of Iowa.

Last Agent to Sell the Property

Emsad Begic

Vine Valley Real Estate License #B56539000 Listed on: 06/18/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,900

Year Built

  • Built in 1945

Lot Details

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

Home Design

  • Duplex
  • Asphalt Roof
  • Aluminum Siding

Parking

  • 4 Open Parking Spaces
  • No Garage
  • Over 1 Space Per Unit
  • Parking Available
  • Paved Parking

Schools

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

Additional Features

  • Laundry on lower level
  • Central Air
  • Partially Finished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas, heat, trash collection, water
  • Assessor Parcel Number 891411281002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,900

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Parcel Number: 891411281002
  • Year Built: 1945
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • Co List Office Phone: 319-249-5468
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1383
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Below Grade Sq Ft: 900

Exterior Features

  • Construction Type: Aluminum Siding
  • Siding: Aluminum

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Over 1 Space, Parking Area, Parking Space, Paved, None

Utilities

  • Cooling: Central Air
  • Sewer: City Sewer
  • Utilities: Elec Individual Meters, Gas Individual 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-2
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712

Rental Info

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

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2900.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Sep 30, 2024
Sold by
Mb Rentals Ii Llc
Bought by
Merfeld Anthony and Merfeld Navya
Seller's Agent
Emsad Begic
Vine Valley Real Estate
List Price
$279,900
Sold Price
$260,000
Premium/Discount to List
-$19,900
-7.11%
Views
22
Current Estimated Value
$234,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,333
Avg. Annual Appreciation
-8.60%
Original Mortgage
$208,000
Outstanding Balance
$204,522
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving
Estimated Equity
$30,145

Purchase Details

Closed on
Aug 19, 2011
Sold by
R A Properties Llc
Bought by
Mb Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Merfeld Anthony $260,000 Title Services
Mb Rentals Llc $167,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merfeld Anthony $208,000
Previous Owner Mb Rentals Llc $507,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $260,000 -7.1% $188 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $279,900 0.0% $202 / Sq Ft
07/28/2024 07/28/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $279,900 -- $202 / 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
2025 $2,986 $209,910 $45,280 $164,630
2024 $2,986 $185,510 $29,110 $156,400
2023 $2,744 $185,510 $29,110 $156,400
2022 $2,872 $148,690 $29,110 $119,580
2021 $2,712 $153,690 $29,110 $124,580
2020 $2,658 $145,600 $21,020 $124,580
2019 $2,658 $145,600 $21,020 $124,580
2018 $2,468 $133,550 $21,020 $112,530
2017 $2,522 $133,550 $21,020 $112,530
2016 $2,360 $133,550 $21,020 $112,530
2015 $2,360 $133,550 $21,020 $112,530
2014 $2,296 $128,430 $21,020 $107,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20242570

Northeast Iowa Regional Board of REALTORS®

APN: 8914-11-281-002