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1037 5th Avenue Southeast

1037 5th Avenue Southeast, Cedar Rapids, IA 52403
Sold Mar 26, 2018
$75,000
$72,750 by Farmers State Bank
Mortgage Due Apr 01, 2048
Sold Jan 26, 2016
Transfer
1037 5th Avenue Southeast has been categorized by the local assessors in Cedar Rapids, IA as a residential type of property. The building on the property was first built in 1914 and is 110 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 1037 5th Avenue Southeast has 1,144 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 572 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 300 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 3,920 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as excellent. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of unknown. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1037 5th Avenue Southeast was last sold in Mar 22, 2018 for $75,000. According to our calculations, that's $65.56 per sqft. Current property owners are expected to pay $1,212 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2011. The property on 1037 5th Avenue Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $72,000. To break that down further, the land itself was valued at $14,700. While improvements to the property were assessed at a total of $57,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Excellent
  • Construction Type: Frame
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 572
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,920
  • Lot Size Depth Feet: 300
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,144
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HORMEL & COBBANS SUBDIVISION
  • Land Acres: 0.09
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OUT LOT 8 HORMELL & COBBANS SUBDIV NW 130' SW 30' NE 60' LOT 3

Ownership

  • Current Owner : BARRETT ANDREW M
  • Previous Owner : FLIPPING FLIPPERS LLC
  • Owner Before Previous Owner: THE BANK OF NEW YORK MELON SERIES 2004 U
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cedar Rapids Community School District
  • School Tax School District: CEDAR RAPIDS
  • Census Tract: 001700

Geography

  • Parcel: 14-22-3-52-024-0-0000
  • Lot: 8
  • Meridian: SEC 22 TWN 83N RNG 7W
  • Municipality: CEDAR RAPIDS
  • Latitude: 41.9809
  • Longitude: -91.655

    Address

  • Full Address: 1037 5th Ave Se
  • Address - House Number: 1037
  • Street Segment Direction: SE
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IA
  • City Name: Cedar Rapids
  • Carrier Code: C024
  • 4-Digit Zip Code: 2413
  • Zip Code: 52403

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,212
  • Intital Tax Deliquent Year: 2011
  • Tax Rate Code Area: CEDAR RAPI

    Appraisal Valuation

  • Standard Deviation: 0.2007
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 103,012
  • High Value: 123,689
  • Low Value: 82,334

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $72,750
  • First Open Lien Mortgage Lender: FARMERS STATE BANK
  • First Open Lien Mortgage Recording Date: Mar 26, 2018
  • First Open Lien Mortgage Loan Amount: $72,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2048

    Market Valuation

  • Market Total Value: $72,000
  • Market Land Value: $14,700
  • Market Improvement Value: $57,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,000
  • Assessed Land Value: $14,700
  • Assessed Improvements Value: $57,300

    Sales

  • Current Sale Contract Date: Mar 22, 2018
  • Current Sale Recording Date: Mar 26, 2018
  • Current Sale Transaction ID: 11441403717
  • Current Sale Price: $75,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 26, 2016
  • Previous Sale Contract Date: Jan 12, 2016
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS STATE BANK
  • First Mortgage Transaction Date: Mar 26, 2018
  • First Mortgage Loan Amount: $72,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2048

About Wellington Heights



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Frequently Asked Questions

What neighborhood is 1037 5th Avenue Southeast located in?
The 1037 5th Avenue Southeast is a located in the neighborhood of Wellington Heights in Wellington Heights, Cedar Rapids.
What is the average sales price for listings in 1037 5th Avenue Southeast?
The average sales price for units in 1037 5th Avenue Southeast is $0 currently.

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