6 months on rocket

420 Water St, Center Point, IA, 52213

$395,000

Home List Price

$4,691*

Closing Credit

0 Baths
5,108 SqFt
$77/SqFt
Multi

Location

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420 Water St, Center Point$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1948
MLS #2403461
Lot Size0.58 Acres
StatusActive

About 420 Water St

Hard to find 8 plex in Center Point IA. This property has one large 2 bedroom unit, three regular 2 bedroom units, and four 1 bedroom units. It also has a 1 stall garage. This building has great rental history. Tenants have been long term and the owner-manager has done a very good job placing tenants. Currently all but one apartment are occupied and the final apartment is undergoing renovations. Tons of updates and Capex improvements have been made by the current owner. This includes new kitchens, bathrooms, fixtures, etc. There is a laundry room on site that is plumbed and wired for two washers and two dryers. The owner was planning on installing a Shinepay/Smart Coin Box type system. Between the below market rents and the laundry addition this property has plenty of room to increase monthly income!"

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Living Area: 5,108 SqFt

Listing Office:

  • Office Name: Keller Williams 1 Advantage
  • Office Phone: (515) 334-4900
  • Listing Agent: Nick Wallraff

Interior Features

Interior Information:

  • Interior: Storage

Virtual/3D Tour

  • Virtual Tour: 420 Water St
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Lot Features

Lot Information:

  • Lot Size: 0.58 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $395,000
  • Price Per SqFt: $77/SqFt

Tax Information:

  • Annual Amount: $4,694
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Center Point, IA.

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Center Point, IA

City

Med. Sold Price

$205K

Med. Price/SqFt

$131

Avg. Days On Market

40

# of Sold Homes

4

420 Water St vs Center Point

188 DAYS ON ROCKET

+148 Days

$395,000

+$190K More

$77/SqFt

-$55 Less

KEY TAKEAWAY

This property is $190K more than the Median Sold Price and $55/SqFt less than other homes in Center Point, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CDR
  • MLS Number: #2403461

Listing Office:

  • Office Name: Keller Williams 1 Advantage
  • Office Phone: (515) 334-4900
  • Listing Agent: Nick Wallraff

IDXProvided 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: 11/21/2024, 9:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,694$173,300

History based on county public records data.

Payment Calculator

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-429832
6
/10

  • Center Point - Urbana Intermediate

  • 202 W Main St

  • 5.33 miles

  • Public District Grades 3-5

school-card-donut-429833
8
/10

  • Shellsburg Elementary School

  • 203 Tomahawk Trl NW

  • 7.86 miles

  • Public District Grades PK-5

school-card-donut-429834
7
/10

  • Alburnett Elementary

  • 131 Roosevelt St

  • 8.75 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,902. The majority of Center Point, IA residents have income between $35k-100k annually. Typical family type is married, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Iowa›Linn County›Center Point›52213›420 Water St

This home is located at 420 Water St in Center Point, IA and zip code 52213. This 5,108 square foot home, which was built in 1948, sits on a 0.58 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $395,000.

In October 2024, from all listings sold in Center Point, IA there were more than 0 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price. While the average time on the market in October 2024 was 40 days, the median list price was $205,000.

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

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