1207 5th Ave SE, Cedar Rapids, IA, 52403

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1207 5th Ave SE, Cedar Rapids$132,500

Buyer Closing Credits

$1,573^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

Year Built1900

HeatingForced Air, Natural Gas

CoolingWall/Window Unit(s)

BasementYes

MLS #2401090

StatusActive

About 1207 5th Ave SE

This recently updated duplex presents a promising investment opportunity with fresh paint and updated LPV flooring in both units. The units previously rented for $950 and $975 before the renovations, indicating potential for a profitable return on investment for interested buyers. Seller Financing and Lease Option available for a qualified buyer with minimum of $27,000 down payment reach out for further information on terms. Package deal available for 1207 5th Ave Se and 1211 5th Ave SE. Tenant occupied, 48 hours minimum notice for showings, pre approval required for showings on occupied units.

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Property Details

Property Features

Property Information:

• Year Built: 1900
• Living Area: 1,813 SqFt

Listing Office:

• Office Name: Burrington Real Estate
• Office Phone: (319) 213-1162
• Listing Agent: Connor Harris

Interior Features

Interior Information:

• Basement: Yes

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• Virtual Tour: 1207 5th Ave SE

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Utilities

Utilities Information:

• Heating: Forced Air, Natural Gas
• Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

• George Washington High School, Public District Grades 9-12
• McKinley Middle School, Public District Grades 6-8
• Johnson Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

• List Price: $132,500
• Price Per SqFt: $73/SqFt

Tax Information:

• Annual Amount: $1,274
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Cedar Rapids, IA.

Cedar Rapids, IA

City

Med. Sold Price

$188.2K

Med. Price/SqFt

$123

Avg. Days On Market

38

# of Sold Homes

138

1207 5th Ave SE vs Cedar Rapids

73 DAYS ON ROCKET

+35 Days

$132,500

-$55.7K Less

$73/SqFt

-$50 Less

KEY TAKEAWAY

This property is $55.7K less than the Median Sold Price and $50/SqFt less than other homes in Cedar Rapids, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: CDR
• MLS Number: #2401090

Listing Office:

• Office Name: Burrington Real Estate
• Office Phone: (319) 213-1162
• Listing Agent: Connor Harris

Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2024 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 12:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jun 08, 2021	Jun 08, 2021Home Sold	$77,000
Jun 06, 2018	Jun 06, 2018Home Sold	$82,000
Sep 19, 2012	Sep 19, 2012Home Sold	$100,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,274	$57,700
2018	$1,230	$58,700

History based on county public records data.

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**Disclosures

Rocket Homes›Iowa›Linn County›Cedar Rapids›52403›1207 5th Ave SE

This home is located at 1207 5th Ave SE in Cedar Rapids, IA and zip code 52403 in the Wellington Heights neighborhood. This 1,813 square foot home was built in 1900. It has been listed on Rocket Homes since February 17, 2024 and is currently priced at $132,500.

While more than 26 listings in Cedar Rapids, IA in March 2024 were sold above asking price, there were more than 38 listings sold at asking price, and more than 74 were sold below. In March 2024 in Cedar Rapids, IA there were 9% more homes for sale than in February 2024. While the average time on the market in March 2024 was 38 days, the median list price was $188,207.

From Rocket Homes Real Estate and based on county public records data.