5 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

School Info

Assigned Schools Information:

  • Center Point-Urbana High School, Public District Grades 9-12
  • Center Point-Urbana Middle School, Public District Grades 6-8
  • Center Point-Urbana Intermediate School, Public District Grades 3-5

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

171 DAYS ON ROCKET

+131 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: 11/5/2024, 1:20:48 AM 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.

Elementary School

school-card-donut-1964451
6
/10

  • Center Point-Urbana Intermediate School

  • 202 West Main St

  • 5.83 miles

  • Public District Grades 3-5

Middle School

school-card-donut-1964452
8
/10

  • Center Point-Urbana Middle School

  • 613 Summit St

  • 0.18 miles

  • Public District Grades 6-8

High School

school-card-donut-1964453
5
/10

  • Center Point-Urbana High School

  • 145 Iowa St

  • 0.46 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,902. Most Center Point, IA residents have annual incomes between $35k-100k. The majority of families are married, with kids. The most common level of education of people living in this area is post secondary degree.

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.

Center Point, IA housing market in October 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 4 sold below. In October 2024 median list price was $205,000 and the average listing age was 40 days.

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

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