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615 16th Street Southeast

615 16th Street Southeast, Cedar Rapids, IA 52403
Sold Oct 14, 2022
$71,500
$84,000 by Hills Bank And Trust Company
Mortgage Due Oct 12, 2047
Sold Jun 22, 2020
$49,000
$36,750 by Collins Community Cu
Mortgage Due Jul 01, 2050
Local assessors in Cedar Rapids, IA have categorized 615 16th Street Southeast as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 2,614 square feet. The linear feet between the front and back of the lot was measured at 325 ft and the front of the lot was measured at 325 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 615 16th Street Southeast has a total of 1,007 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 572 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on no air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 615 16th Street Southeast sold most recently in Oct 12, 2022 for a total of $71,500. If you work out the math, that's approximately a cost of $71.00 per sqft. Before that, the property was also sold for $49,000 in Jun 3, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,156 in taxes each year. 615 16th Street Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $68,900. If we break it down further, the land itself was valued at $11,900. Improvements to the property, however, were assessed at a total of $57,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Wood Exterior

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Fair
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • 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
  • Garage Type: Garage
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,614
  • Lot Size Depth Feet: 325
  • Lot Size Frontage Feet: 325
  • Total Building Area: 1,007
  • Building Area: 1,007
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,007
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WELLINGTON PLACE 7TH
  • Land Acres: 0.06
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WELLINGTON PLACE 7TH N32.5' E20' LOT 21 & N32.5' LOT 22 BLK 15

Ownership

  • Current Owner : BLACK DIAMOND EQUITY PARTNERS LLC
  • Previous Owner : FRAZIER BENJAMIN E
  • Owner Before Previous Owner: WELBORN CYNTHIA
  • Owner Before Previous Owner 2: DELPERDANG CYNTHIA K
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Parcel: 14-22-3-76-001-0-0000
  • Block: 15
  • Lot: 21
  • Meridian: SEC 22 TWN 83N RNG 7W
  • Municipality: CEDAR RAPIDS
  • Latitude: 41.981
  • Longitude: -91.648

    Address

  • Full Address: 615 16th St Se
  • Address - House Number: 615
  • Street Segment Direction: SE
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: IA
  • City Name: Cedar Rapids
  • Carrier Code: C026
  • 4-Digit Zip Code: 2518
  • Zip Code: 52403

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,156
  • Tax Rate Code Area: CEDAR RAPI

    Appraisal Valuation

  • Standard Deviation: 0.2007
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 86,599
  • High Value: 103,981
  • Low Value: 69,216

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $84,000
  • First Open Lien Mortgage Lender: HILLS BANK AND TRUST COMPANY
  • First Open Lien Mortgage Recording Date: Oct 14, 2022
  • First Open Lien Mortgage Loan Amount: $84,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 12, 2047

    Market Valuation

  • Market Total Value: $68,900
  • Market Land Value: $11,900
  • Market Improvement Value: $57,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,900
  • Assessed Land Value: $11,900
  • Assessed Improvements Value: $57,000

    Sales

  • Current Sale Contract Date: Oct 12, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Transaction ID: 11897511870
  • Current Sale Price: $71,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 22, 2020
  • Previous Sale Contract Date: Jun 03, 2020
  • Previous Sale Amount: $49,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HILLS BANK AND TRUST COMPANY
  • First Mortgage Transaction Date: Oct 14, 2022
  • First Mortgage Loan Amount: $84,000
  • First Mortgage Terms: 299
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 12, 2047

    Previous Mortgages

  • Previous Mortgage Lender: COLLINS COMMUNITY CU
  • Previous Mortgage Transaction Date: Jun 22, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $36,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2050

About Wellington Heights



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Frequently Asked Questions

What neighborhood is 615 16th Street Southeast located in?
The 615 16th Street Southeast is a house located in the neighborhood of Wellington Heights in Wellington Heights, Cedar Rapids.
What is the average sales price for listings in 615 16th Street Southeast?
The average sales price for units in 615 16th Street Southeast is $0 currently.

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