NOT LISTED FOR SALE

921 Clay St Cedar Falls, IA 50613

Estimated Value: $170,000 - $222,000

4 Beds
5 Baths
1,437 Sq Ft
$134/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $120,000 $84 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,328/month

78 Days on Market

About This Home

As of February 2021

Great investment opportunity in a mature neighborhood. Close to downtown or UNI. Long term tenants in units 1, 2, and 3. Tenants pay own electric and owner pays water.

Last Agent to Sell the Property

Phillip Shirk

AWRE - Commercial & Development License #B63101000 Listed on: 11/03/2020

Co-Listed By

Nathan Paup

EXP Realty, LLC License #S67814000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,336 Sq Ft Lot
  • Lot Dimensions are 66 x 96

Home Design

  • Quadruplex
  • Asphalt Roof
  • Vinyl Siding

Basement

  • Stone Basement
  • Interior Basement Entry

Parking

  • 1 Open Parking Space
  • No Garage
  • Over 1 Space Per Unit
  • On-Street Parking

Schools

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

Community Details

  • 4 Units
  • Water Sewer Expense $275

Listing and Financial Details

  • Tenant pays for electricity, garbage pick-up, gas
  • Assessor Parcel Number 891412381005

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Parcel Number: 891412381005
  • Year Built: 1919
  • Property Sub-Type: Fourplex
  • ResoLaundryFeatures: None
  • Co List Office Mls Id: NBR197
  • Co List Office Phone: 319-269-2477
  • Co List Office Phone: 319-269-2477
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1437
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Entrance-Inside, Stone/Rock
  • Below Grade Sq Ft: 1009

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 1
  • Parking Features: None, On Street, Over 1 Space

Utilities

  • Cooling: None
  • Sewer: City Sewer
  • Utilities: Cable Paid by Individual, Elec Individual Meters, Gas Individual Meters, Separate Meters, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 275

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: 66 x 96
  • Lot Size Sq Ft: 6336

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas
  • Lease Term: Over 9 Months,Month to Month

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3371

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2020
Closed on
Feb 24, 2021
Sold by
Swan Properties Llc
Bought by
Soeder Properties On Clay Street Llc
Seller's Agent
Phillip Shirk
AWRE - Commercial & Development
List Price
$134,900
Sold Price
$120,000
Premium/Discount to List
-$14,900
-11.05%
Current Estimated Value
$193,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,011
Avg. Annual Appreciation
11.63%
Original Mortgage
$102,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Apr 14, 2016
Closed on
Jul 21, 2016
Sold by
Freiberg Kathy and Freiberg Billy
Bought by
Swan Properties Llc
Seller's Agent
Dan Gutknecht,CRS,G
Oakridge Real Estate
List Price
$147,500
Sold Price
$132,000
Premium/Discount to List
-$15,500
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.06%

Purchase Details

Closed on
Oct 25, 2006
Sold by
Mcdowell Michael D
Bought by
Freiberg Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.5%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Soeder Properties On Clay Street Llc $120,000 None Available
Swan Properties Llc $132,000 None Available
Freiberg Jason $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Claystreet Llc $136,000
Closed Soeder Properties On Clay Street Llc $102,000
Previous Owner Freiberg Jason $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $120,000 -11.0% $84 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
11/03/2020 11/03/20 For Sale $134,900 +2.2% $94 / Sq Ft
07/27/2016 07/27/16 Sold $132,000 -10.5% $92 / Sq Ft
05/26/2016 05/26/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $147,500 -- $103 / 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 $3,020 $193,130 $28,380 $164,750
2023 $2,730 $193,130 $28,380 $164,750
2022 $3,252 $147,830 $34,060 $113,770
2021 $2,976 $147,830 $34,060 $113,770
2020 $3,154 $133,610 $34,060 $99,550
2019 $3,154 $99,550 $0 $99,550
2018 $3,372 $94,810 $0 $94,810
2017 $3,912 $94,810 $0 $94,810
2016 $3,918 $108,940 $0 $108,940
2015 $3,918 $108,940 $0 $108,940
2014 $4,128 $143,000 $34,060 $108,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20205553

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-381-005