Parcel Details: 14091-01008-00000
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Parcel Number:
14091-01008-00000
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DBA:
THE POINTE BLDGS 3940 & 3962
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Deed Holder:
CUNAT EXCHANGE V THE POINTE DST
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Property Address:
3940 SHERMAN ST NE
CEDAR RAPIDS, IA 52402-0000
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Mailing Address:
5400 WEST ELM STREET SUITE 110
MC HENRY, IL 60050-0000 USA -
Location:
Urban
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Class:
RES 3+ UNITS
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Map Area:
APARTMENT
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Tax District:
20100 CR/CR SCH
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Plat Map:
1824
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Legal Description:
S45 LOT 4 & ALL LOT 5 IRR SUR NE NE 9-83-7
- Property Report:
Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
| Land Value | Dwelling Value | Improvement Value | Total Value |
|---|---|---|---|
| $145,100 | $1,966,800 | $0 | $2,111,900 |
Prior Year Value Information
| Year | Land Value | Dwelling Value | Improvement Value | Total Value |
|---|---|---|---|---|
| 2023 | $145,100 | $1,966,800 | $0 | $2,111,900 |
| 2022 | $145,100 | $1,808,400 | $0 | $1,953,500 |
| More Years... | ||||
| 2021 | $145,100 | $1,763,400 | $0 | $1,908,500 |
| 2020 | $103,200 | $1,358,700 | $0 | $1,461,900 |
| 2019 | $103,200 | $1,358,700 | $0 | $1,461,900 |
| 2018 | $103,200 | $1,358,700 | $0 | $1,461,900 |
| 2017 | $103,200 | $1,358,700 | $0 | $1,461,900 |
| 2016 | $103,200 | $1,298,900 | $0 | $1,402,100 |
| 2015 | $103,200 | $1,298,900 | $0 | $1,402,100 |
| 2014 | $103,200 | $0 | $1,419,925 | $1,523,125 |
| 2013 | $103,200 | $0 | $1,419,925 | $1,523,125 |
| 2012 | $69,660 | $0 | $930,340 | $1,000,000 |
| 2011 | $69,660 | $0 | $930,340 | $1,000,000 |
| 2010 | $69,660 | $0 | $930,340 | $1,000,000 |
| 2009 | $69,660 | $0 | $930,340 | $1,000,000 |
| 2008 | $69,660 | $0 | $930,340 | $1,000,000 |
| 2007 | $69,660 | $0 | $930,340 | $1,000,000 |
| 2006 | $69,660 | $0 | $930,340 | $1,000,000 |
Land Information
Assessor's lot sizes are for assessment purposes only and may NOT represent actual dimensions. For more accurate, complete data refer to GIS maps, plat maps, or legal documents.
| Lot Type | Square Feet | Acres |
|---|---|---|
| Acres x Rate | 56,192 | 1.290 |
Commercial Building Information
| Occupancy | Year Built | Building Area | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Apartment | 1977 | 6,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Apartment | 1977 | 6,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Yard Extra Information
| Description | Item Count | Year Built |
|---|---|---|
| Paving - Asphalt | 1 | 1977 |
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| Paving - Asphalt | 1 | 1978 |
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Sale Information
| Sale Date | Amount | Sales Condition Code | Recording |
|---|---|---|---|
| 03/25/2022 | $0 | 50 - Other with explanation | 11327/137 |
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| 03/10/2022 | $0 | 50 - Other with explanation | 11315/576 |
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| 12/27/2007 | $0 | 001 - Quit Claim Deed | 6876/272 |
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| 08/01/2007 | $0 | 007 - Corporate Merger or Reorganization | 6757/36 |
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| 09/29/2005 | $1,004,300 | 000 - Normal Arms-Length Transaction | 6135/40 |
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| 05/29/1998 | $147,150 | 004 - Transfer of Partial Interest | 3691/216 |
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| 05/29/1998 | $59,175 | 004 - Transfer of Partial Interest | 3691/215 |
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| 05/29/1998 | $118,463 | 004 - Transfer of Partial Interest | 3691/217 |
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| 05/29/1998 | $73,575 | 004 - Transfer of Partial Interest | 3691/219 |
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| 05/29/1998 | $102,263 | 004 - Transfer of Partial Interest | 3691/214 |
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| 05/29/1998 | $84,938 | 004 - Transfer of Partial Interest | 3691/218 |
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| 05/29/1998 | $162,675 | 004 - Transfer of Partial Interest | 3691/213 |
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Building Permit Information
| Date | Number | Comments | Reason |
|---|---|---|
| 10/01/2013 | MECC-012775-2013 | MECHANICAL ONLY |
| FURNACE (APT #24) |
Parcel Notes
| Title | Note |
|---|---|
| 01/08/2002 TALKED TO HERITAGE PROPERTY MGT. SOME NEW FURNACES & CARPET ARE THE ONLY UPDATES. INTERIOR DATED-NORMAL/BELOW NORMAL CONDITION. LOOKED AT APT 21 IN BLDG 2. DIDN'T INSPECT BLDG 1. TOLD IT WAS SAME AS BLDG 2. FUNC OBSOL 5% FOR BRK EXTERIOR.
SF OF COMMON AREA IS EST. BLDG 1 - (18) - 1 BDRM APTS & (6) - 2 BDRM APTS. BLDG 2 - (18) - 1 BDRM APTS & (6) - 2 BDRM APTS. LEASED-MULTIPLE TENANTS.****LAND SF=56192.4. BUILDING SF=36000. L TO B RATIO=1.56.****APARTMENT AREA=31172 SF(86.59%). COMMON AREA=4828 SF(13.41%). 24300 SF PAVING/48 UNITS=506.25 SF PER UNIT. ***IBR 3/17/03-NO CHANGE***IBR - CHANGE ECON AND GRADE. *** 2005 BOARD OF REVIEW PETITION #417 REDUCE TO $1,000,000 *** ADD'L ADDRESS 3960 SHERMAN ST NE 1-2013 COMM REVAL - ADJUSTED PAVING - 08/08/11 TL 1-2015 SF 295 CHANGE CLASS FROM COMM TO MULTI RES 9/30/14 SAM 1-2015 UPDATED MANUAL LEVEL AND DEPRECIATION SCHEDULE BASED ON MARKET CONDITIONS. 1-2017 14091-01008-00000, 14091-01025-00000,COMPRISE 1 UNIT FOR UNIT COUNT - 10/18/16 TL 1-2017 REVAL CORRECT BLDG STYLE. 2/3/17 JKB 1-2019 MULTI-RES REVIEW, INFO PER OWNER QUESTIONAIRE AND FROM EXTERIOR REVIEW. 1/1/2019 JA 1-2019 INFORMAL APPEAL RESULTS IN NO VALUE CHANGE. 4/24/19 JA 1-2020 BOR PETITION #0146 NO CHANGE 6/9/2020 DC 1-2021 CHANGE OF LAND VALUE FOR COMMERCIAL LAND REVALUATION SEL 1-2021 DERECHO STORM DAMAGE REVIEW RESULTS: APPLIED -5% FOR SIDING DAMAGE PER PICTOMETRY. 3/13/2021 NM/JC 1-2021 BOARD OF REVIEW PETITION #0090 NO CHANGE 5/12/21 SAM 1-2022 - CHANGED CLASS FROM MULTI-RES TO RESIDENTIAL 3+ UNITS PER HOUSE FILE 418 (NO RECON REQUIRED). 6/17/21 SAM 1-2022 DERECHO SIDING REPAIRS COMPLETE ON B2 (REPLACED SIDING ON SOUTH SIDE OF BLDG) . RMVD 5% UNTIL COMPLETE ADJ. 03/17/2022 NM 1-2023 INFORMAL APPEAL RESULTS IN NO VALUE CHANGE. 48 UNITS, 2 BLDGS, ALL UNITS ARE 2 BDRM / 1 BATH, NEWER ROOF, MOSTLY ORIGINAL INTERIORS, CENTRAL AIR, NML COND, WELL MAINTAINED. 04/24/2023 NM 1-2023 BOARD OF REVIEW PETITION #1865 NO CHANGE 5/16/23 DMK 1-2023 DISTRICT COURT DOCKET #CVCV102449 1-2024 BOARD OF REVIEW PETITION #0038 NO CHANGE 5/7/2024 1-2024 DISTRICT COURT DOCKET #CVCV104937 |
Tax Information
| Assessment Year | Taxes Payable | Assessed Value | Taxable Value | Gross Tax | Net Tax |
|---|---|---|---|---|---|
| 2023 | 2024-2025 | $2,111,900.00 | $978,713.00 | $37,374.00 | $37,374.00 |
| 2022 | 2023-2024 | $1,953,500.00 | $1,067,589.00 | $41,202.00 | $41,202.00 |
| More Years... | |||||
| 2021 | 2022-2023 | $1,908,500.00 | $1,216,669.00 | $46,562.00 | $46,562.00 |
| 2020 | 2021-2022 | $1,461,900.00 | $986,783.00 | $38,598.00 | $38,598.00 |
| 2019 | 2020-2021 | $1,461,900.00 | $1,041,604.00 | $40,632.00 | $40,632.00 |
| 2018 | 2019-2020 | $1,461,900.00 | $1,096,425.00 | $41,522.00 | $41,522.00 |
| 2017 | 2018-2019 | $1,461,900.00 | $1,151,246.00 | $43,382.00 | $43,382.00 |
| 2016 | 2017-2018 | $1,402,100.00 | $1,156,733.00 | $44,242.00 | $44,242.00 |
| 2015 | 2016-2017 | $1,402,100.00 | $1,209,311.00 | $46,210.00 | $46,210.00 |
| 2014 | 2015-2016 | $1,523,125.00 | $1,370,813.00 | $52,336.00 | $52,336.00 |
| 2013 | 2014-2015 | $1,523,125.00 | $1,446,969.00 | $55,386.00 | $55,386.00 |
Sketch
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Sketch for PIN 14091-01008-00000 -
Sketch for PIN 14091-01008-00000 -
Sketch for PIN 14091-01008-00000
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Sketch for PIN 14091-01008-00000 -
Sketch for PIN 14091-01008-00000 -
Sketch for PIN 14091-01008-00000
