702 24th St NW Cedar Rapids, IA 52405

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2 beds · 1 bath · 999 sq ft · Lot Size: 8,113 sq ft · Single Family Home · Upper Northwest
Est. Property Value: $147,764

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702 24th St NW is in the Upper Northwest neighborhood of Cedar Rapids, IA. It is located in Linn County and ZIP code 52405. This Single Family Home was built in 1964 and is approximately 61 years old. The single family home spans 999 sq ft with 2 bedrooms and 1 bathroom and sits on a 8113 sq ft lot. According to public records, it was last sold in 2009 for $110,000 and has a tax-assessed value of $126,600, which is $148 per sq ft. The Upper Northwest area of Cedar Rapids has 187 residential homes with an average size of 1264 sq ft. Analyze and compare real estate investment strategies for properties like this home at 702 24th St NW Cedar Rapids, IA 52405 with Property Intel by Whitepages.

702 24th St NW

Cedar Rapids, IA 52405

Owner Info

Owners & Occupancy for 702 24th St NW

This property is owned by Douglas E Spinler. Owner contact information includes 3 phone numbers.

Property Owners

Cell Phone(319) ***-****View Cell Phone
Residence****************
Landline(281) 298-8784
Distance from Property**********
Cell Phone(319) ***-****View Cell Phone
Residence****************
Landline(319) 362-6642
Distance from Property**********

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 74
Resident 2***************** age 76
Resident 3*************** age 55

Property Financials for 702 24th St NW

702 24th St NW, Cedar Rapids, IA has no known mortgage. The Linn county assessment for 2023 values it at $126,600, with annual taxes of $2,316.

Property Tax

Purchase DateJune 05, 2009
Property Tax Amount$2,316 in 2023
Purchase Price$110,000
Assessed Value$126,600 on 2023

Investment Potential for 702 24th St NW

The property has a current estimated value of $147,764, which is 5% below the neighborhood median, based on public records. It last sold on June 05, 2009 for $110K. Projected long-term
is $21,000 annually ($1,750 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$21,000 per year($1,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 52405 zip code
 
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Property Details for 702 24th St NW

Property Details

Property Sq Ft

Living Area

999 sq ft

21% below market

Lot Size

8,113 sq ft

30% below market

Price Per Sq Ft

Living Area

$148 / sq ft

22% above market

Lot Size Area

$18 / sq ft

34% above market

Property condition, age, exterior, etc. for 702 24th S…
Longitude: -91.70617 Latitude: 41.97945 Parcel Number (APN): 14194-57002-00000…

Recommended Properties in Upper Northwest

Discover more single family homes near 702 24th St NW in Cedar Rapids, Iowa. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 702 24th St NW in Linn County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$147,764
$135,362
$12,402 (9%)
$216,598
-$22,579 (-10%)
YoY Price Change
3.66%
-119%
Year Built
1964
1950
14 years
Living Space
999 sq ft
1,120 sq ft
-121 (-11%)
$ Per Living Sq Ft
$148
$118
$30 (25%)
Lot Size
8,113 sq ft
8,400 sq ft
-287 (-3%)
$ Per Lot Sq Ft
$18
$14
$4 (31%)

Net Operating Income
$11,086
$3,702 (33%)
Annual Revenue
$21,000
$16,200
$4,800 (30%)
$5,006
$1,206 (24%)
Net Operating Income
$11,086
$3,702 (33%)
Cap Rate
8.22%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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