NOT LISTED FOR SALE

966 2nd Ave Marion, IA 52302

Estimated Value: $143,000 - $183,209

5 Beds
2 Baths
1,670 Sq Ft
$98/Sq Ft Est. Value

Last Sold October 23, 2017

Last sale price $115,000 $69 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,100/month

153 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • 3 Car Garage
  • Starry Elementary School Rated A-

About This Home

As of October 2017

Super clean and well maintained duplex located in the Marion School District. This home/duplex has been owned by the same owners for almost 70 years! Unit #1 is a 3 bedroom 1 bath unit that the owners live in. This unit features main floor laundry with almost new washer and dryer, central vacuum, central air conditioning, new stool in bathroom, nice sized living room, as well as 2 bedrooms on the second floor. Unit #2 is a 2 bedroom 1 bath unit that features a main floor laundry, kitchen, and living room. This unit has been leased to the same tenant for the past 5 years! In addition, this property features a sun porch, small deck on unit #2, and a 3 stall garage! The owners currently pay for the water and garbage for unit #2, but could easily be changed. There are separate meters for gas and electric, and is plumbed for separate water meters, but not installed.

Last Agent to Sell the Property

Charlie Potter

POTTER REAL ESTATE Listed on: 03/01/2017

Last Buyer's Agent

Joni Long

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,188

Year Built

  • 1900

Parking

  • 3 Car Garage

Home Design

  • 1,670 Sq Ft Home
  • Frame Construction
  • Aluminum Siding

Utilities

  • Forced Air Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Laundry in unit
  • Deck
  • Lot Dimensions are 70 x 120

Community Details

  • Gross Income $5,580

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,188

Year Built

1900

Lot Details

0

Listing Details

  • City Name: Marion
  • Gross Tax: 2188
  • List User Cell Phone: 319-533-2293
  • Miscellaneous: Basement, Deck/Patio, Garage, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Ten Storag, Unit Laundry
  • Net Tax: 1994
  • Noof Units Three Bedroom: 1
  • Noof Units Two Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.96639
  • Ratio Close Price By Original Li: 0.79310
  • Ratio Current Price By Sq Ft: 68.86
  • Total Sq Ft: 1670
  • Style St: Side/Side
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat, Window/Wall Air

Schools

  • Elementary School: Starry
  • Middle School: Vernon
  • High School: Marion

Lot Info

  • Lot Size: 70 X 120

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 5580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2017
Closed on
Oct 20, 2017
Sold by
Tharp Clifford E and Tharp Earl
Bought by
Finley Rhonda L
Seller's Agent
Charlie Potter
POTTER REAL ESTATE
Buyer's Agent
Joni Long
Realty87
List Price
$145,000
Sold Price
$115,000
Premium/Discount to List
-$30,000
-20.69%
Current Estimated Value
$164,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,070
Avg. Annual Appreciation
4.55%
Original Mortgage
$60,000
Outstanding Balance
$32,105
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$131,965
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
Finley Rhonda L $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finley Rhonda L $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2017 10/23/17 Sold $115,000 0.0% $69 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
08/01/2017 08/01/17 Off Market $115,000 -- --
03/01/2017 03/01/17 For Sale $145,000 -- $87 / 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 $2,792 $211,200 $15,800 $195,400
2024 $2,442 $148,800 $15,800 $133,000
2023 $2,442 $148,800 $15,800 $133,000
2022 $2,358 $109,700 $15,800 $93,900
2021 $2,302 $109,700 $15,800 $93,900
2020 $2,302 $101,800 $15,800 $86,000
2019 $2,328 $103,300 $19,300 $84,000
2018 $2,016 $103,300 $19,300 $84,000
2017 $2,188 $101,700 $21,000 $80,700
2016 $2,188 $101,700 $21,000 $80,700
2015 $2,181 $101,700 $21,000 $80,700
2014 $1,036 $101,700 $21,000 $80,700
2013 $1,904 $101,700 $21,000 $80,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1702575

Cedar Rapids Area Association of REALTORS®

APN: 14011-84006-00000