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

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

1207 5th Ave SE, Cedar Rapids$123,000

Buyer Closing Credits

$1,461^*

1.25% Loan Amount

Connect With An Agent

Still Have Questions? Contact Us.

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.

View More

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

Virtual/3D Tour

• Virtual Tour: 1207 5th Ave SE

Virtual Tour

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: $123,000
• Price Per SqFt: $68/SqFt

Tax Information:

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

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Cedar Rapids, IA

City

Med. Sold Price

$191K

Med. Price/SqFt

$125

Avg. Days On Market

28

# of Sold Homes

203

1207 5th Ave SE vs Cedar Rapids

105 DAYS ON ROCKET

+77 Days

$123,000

-$68K Less

$68/SqFt

-$57 Less

KEY TAKEAWAY

This property is $68K less than the Median Sold Price and $57/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: 6/1/2024, 10:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

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.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$681

Per Month

Principal & Interest

$614

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$435

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**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 $123,000.

In May 2024 more than 54 listings in Cedar Rapids, IA were sold above the asking price. During the same period more than 71 listings were sold at asking price, while more than 78 were sold below. The inventory of homes for sale in Cedar Rapids, IA between April 2024 and May 2024 increased by 5%. The median list price of listings available in May 2024 was $191,006, while the average time on the real estate market was 28 days.

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