1 month on rocket

742 8th Ave, Marion, IA, 52302

$250,000

Home List Price

$2,969*

Closing Credit

0 Baths
2,823 SqFt
$89/SqFt
Multi

Location

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742 8th Ave, Marion$250,000

Buyer Closing Credits

$2,969*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Space(s)
Year Built1880
HeatingForced Air, Natural Gas
BasementYes
MLS #2407623
Lot Size0.32 Acres
StatusActive

About 742 8th Ave

Great Investor Opportunity Close to Downtown Marion! This unique property offers 2 separate parcels with separate single family dwellings. The first is a 1 Bedroom, 1 Bathroom home that has an open feel, handicap accessibility and could be easily used as a commercial investment. Ample parking behind and a separate 1 stall garage as well. The second home included is a 3 level home providing 2 bedrooms and 2 bathrooms and plenty of extra rooms and storage making it another great investment property. Seller also owns the conjoining alleyway which is included in this sale. All structures are sold "As-Is". Contact City of Marion Zoning Department to learn more about the potential uses of these properties.

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Living Area: 2,823 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER HEDGES
  • Office Phone: (319) 378-8760
  • Listing Agent: Jonathan Doerrfeld

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Parking Space(s)

Lot Features

Lot Information:

  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $250,000
  • Price Per SqFt: $89/SqFt

Tax Information:

  • Annual Amount: $1,706
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Marion, IA.

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Marion, IA

City

Med. Sold Price

$274.9K

Med. Price/SqFt

$138

Avg. Days On Market

42

# of Sold Homes

41

742 8th Ave vs Marion

46 DAYS ON ROCKET

+4 Days

$250,000

-$24.9K Less

$89/SqFt

-$50 Less

KEY TAKEAWAY

This property is $24.9K less than the Median Sold Price and $50/SqFt less than other homes in Marion, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CDR
  • MLS Number: #2407623

Listing Office:

  • Office Name: COLDWELL BANKER HEDGES
  • Office Phone: (319) 378-8760
  • Listing Agent: Jonathan Doerrfeld

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: 12/21/2024, 11:55:50 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$1,706$75,500

History based on county public records data.

Payment Calculator

$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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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-834406
5
/10

  • Francis Marion Intermediate School

  • 2301 3rd Ave

  • 0.83 miles

  • Public District Grades 3-4

school-card-donut-834407
5
/10

  • Novak Elementary

  • 401 29th Ave

  • 1.09 miles

  • Public District Grades EE-5

school-card-donut-834408
5
/10

  • Wilkins Elementary

  • 2127 27th St

  • 1.22 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,579. Typical income of Marion, IA residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Marion, IA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Marion, IA?

Marion's housing market showcases a blend of residential styles, with single-family homes being a significant presence. The architectural styles range from classic mid-century designs to more contemporary constructions, reflecting the city's growth over the years. While the majority of the housing stock consists of owner-occupied residences, there is also a selection of apartments and townhouses that cater to those preferring a more communal living environment or a lower maintenance lifestyle.

What are the advantages of living in Marion, IA?

Marion is celebrated for its welcoming community spirit and family-friendly atmosphere. The city prides itself on a rich calendar of local events, including seasonal festivals and farmers' markets that highlight the area's agricultural roots and tight-knit community. The presence of parks and recreational areas contributes to the city's character, offering residents a blend of urban amenities and natural beauty.

Are essential services in Marion, IA convenient?

The community benefits from a solid educational system, with a number of public and private schools serving the area, alongside specialized institutions that cater to a range of educational needs. Healthcare services in Marion include primary care facilities and urgent care centers, ensuring residents have access to essential medical services. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options in Marion reflect the local culture, with a mix of independent shops and eateries alongside more familiar chains.

How do Marion, IA residents get around?

Marion's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and towns, facilitating commuting and travel. Public transit options are available, providing residents with alternatives to private vehicle use. The city also supports walkability and bikeability in several areas, with ongoing initiatives to improve these aspects of transportation. While specific ride-sharing services are operational in the area, residents also have access to traditional taxi services.

Rocket Homes›Iowa›Linn County›Marion›52302›742 8th Ave

This home is located at 742 8th Ave in Marion, IA and zip code 52302. This 2,823 square foot home, which was built in 1880, sits on a 0.32 acre lot. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $250,000.

In November 2024 more than 8 listings in Marion, IA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 24 were sold below. The number of homes for sale in Marion, IA decreased by 13% between October 2024 and November 2024. The median list price of listings available in November 2024 was $274,900, while the average time on the real estate market was 42 days.

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

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