517 16th St NE, Cedar Rapids, IA, 52402

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517 16th St NE, Cedar Rapids$119,225

Buyer Closing Credits

$1,416^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

Year Built1905

HeatingNatural Gas

MLS #2400171

Lot Size0.07 Acres

StatusActive

About 517 16th St NE

Looking for a great investment property, look no further this unique duplex offers a bonus apartment thats apart of the lower level. lower unit vacant rent 1100 upper unit occupied rent 700 deposit 1400 6moth lease expires in April 2024. Tenants pays own utilities

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Property Details

Property Features

Property Information:

• Year Built: 1905
• Living Area: 2,068 SqFt

Listing Office:

• Office Name: Pinnacle Realty LLC
• Office Phone: (319) 393-0900
• Listing Agent: Z Maryland

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• Virtual Tour: 517 16th St NE

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Lot Features

Lot Information:

• Lot Size: 0.07 Acres

Utilities

Utilities Information:

• Heating: Natural Gas

Price Information

Listing Price Info

Price Summary:

• List Price: $119,225
• Price Per SqFt: $58/SqFt

Tax Information:

• Annual Amount: $1,648
• 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

$197.7K

Med. Price/SqFt

$127

Avg. Days On Market

24

# of Sold Homes

150

517 16th St NE vs Cedar Rapids

312 DAYS ON ROCKET

+288 Days

$119,225

-$78.5K Less

$58/SqFt

-$70 Less

KEY TAKEAWAY

This property is $78.5K less than the Median Sold Price and $70/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: #2400171

Listing Office:

• Office Name: Pinnacle Realty LLC
• Office Phone: (319) 393-0900
• Listing Agent: Z Maryland

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: 11/17/2024, 11:55:47 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

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,648	$74,700
2018	$1,490	$62,300

History based on county public records data.

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**Disclosures

Rocket Homes›Iowa›Linn County›Cedar Rapids›52402›517 16th St NE

This home is located at 517 16th St NE in Cedar Rapids, IA and zip code 52402 in the Mound View neighborhood. This 2,068 square foot home, which was built in 1905, sits on a 0.07 acre lot. It has been listed on Rocket Homes since January 10, 2024 and is currently priced at $119,225.

In October 2024, from all listings sold in Cedar Rapids, IA there were more than 37 sold above asking price, over 79 sold below and more than 34 were sold right at the asked price. The number of listings in Cedar Rapids, IA increased by 0.6% between September 2024 and October 2024. While the average time on the market in October 2024 was 24 days, the median list price was $197,732.

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