NOT LISTED FOR SALE

938 18th Ave SW Cedar Rapids, IA 52404

Southwest Area Neighborhood

Estimated Value: $85,000 - $105,000

2 Beds
1 Bath
760 Sq Ft
$123/Sq Ft Est. Value

Last Sold May 28, 2025

Last sale price $92,500 $122 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $610/month

28 Days on Market

Highlights

  • A-Frame Home
  • Main Floor Primary Bedroom
  • Forced Air Heating System
  • Junction City Elementary School Rated A
  • Sun or Florida Room
  • 2 Car Garage

About This Home

As of May 2025

Looking for stable cash flow and long-term appreciation in one of the Midwest’s most investor-friendly markets? This turnkey portfolio in Cedar Rapids, IA is the perfect addition to your rental holdings. Whether you're a local investor or an out-of-state buyer looking to expand in the Midwest, this package offers immediate rental income, strong tenant demand, and a market with steady growth. Serious investors, let’s connect! Contact me today for financials, rental breakdowns, and to discuss how these properties can fit into your investment strategy. Sold with MLS 2502222,2502224,2502230,2502217,2501425 are listed as a portfolio for $745K. Subject to 1031 Exchange. Listing agent is related to one of the owners.

Last Agent to Sell the Property

Marie Hancock

Fathom Realty Listed on: 04/01/2025

Last Buyer's Agent

Marie Hancock

Fathom Realty Listed on: 04/01/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,406

Year Built

  • Built in 1930

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • A-Frame Home
  • Raised Ranch Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 760 Sq Ft Home
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Schools

  • Wilson Elementary And Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 14321-32013-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,406

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Lot Size Acres: 0.13
  • NAV29_Unit_1_Appliances: Gas Water Heater, Range, Refrigerator
  • Co List Office Phone: 319-693-2287
  • MLS Status: Closed
  • Directions: See gps
  • Above Grade Finished Sq Ft: 760.0
  • Architectural Style: A-Frame, Raised Ranch
  • Reso Interior Features: Main Level Primary
  • New Construction: No
  • ResoRoomType: Three Season
  • Year Built: 1930
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Wilson
  • High School: Jefferson
  • Middle Or Junior School: Wilson

Lot Info

  • Lot Dimensions: 5600
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14321-32013-00000

Tax Info

  • Tax Annual Amount: 1406.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2025
Closed on
May 28, 2025
Sold by
Mwh Properties Llc
Bought by
Pyle Timothy
Seller's Agent
Marie Hancock
Fathom Realty
Buyer's Agent
Marie Hancock
Fathom Realty
List Price
$90,000
Sold Price
$92,500
Premium/Discount to List
$2,500
2.78%
Views
72
Current Estimated Value
$93,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,343
Avg. Annual Appreciation
-3.55%
Original Mortgage
$87,875
Outstanding Balance
$87,650
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$2,998

Purchase Details

Closed on
Dec 20, 2013
Sold by
Cole William L and Cole Rosalie A
Bought by
Mwh Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,400
Interest Rate
4.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 9, 1998
Sold by
Mahan Richard J and Mahan Michelle K
Bought by
Cole William L and Cole Rosalie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,080
Interest Rate
7.24%
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
Pyle Timothy $92,500 None Listed On Document
Mwh Properties Llc $28,000 None Available
Cole William L $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pyle Timothy $87,875
Previous Owner Mwh Properties Llc $22,400
Previous Owner Cole William L $25,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 Sold $92,500 +2.8% $122 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $90,000 -- $118 / Sq Ft
Source: Cedar Rapids Area Association 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 $1,406 $85,700 $23,000 $62,700
2024 $1,536 $79,400 $21,000 $58,400
2023 $1,536 $79,400 $21,000 $58,400
2022 $1,350 $72,800 $21,000 $51,800
2021 $1,396 $65,200 $18,000 $47,200
2020 $1,396 $63,300 $17,000 $46,300
2019 $1,286 $59,700 $17,000 $42,700
2018 $1,252 $59,700 $17,000 $42,700
2017 $1,270 $58,300 $17,000 $41,300
2016 $1,240 $58,300 $17,000 $41,300
2015 $1,344 $63,151 $17,000 $46,151
2014 $1,344 $63,151 $17,000 $46,151
2013 $1,130 $63,151 $17,000 $46,151
Source: Public Records

Agents Affiliated with this Home

  • Marie Hancock

    Seller's Agent in 2025

    Marie Hancock

    Fathom Realty

    (319) 654-4658

    3 in this area

    88 Total Sales

    Marie Hancock
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2502217

Cedar Rapids Area Association of REALTORS®

APN: 14321-32013-00000

Iowa Linn County Cedar Rapids 52404 Southwest Area

938 18th Ave SW, Cedar Rapids, IA

Not Listed for Sale

Detached

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