• Parcel Number:
    14222-79015-00000
  • DBA:
    SE 231
  • Deed Holder:
    FREUND RENTALS TWO LLC
  • Property Address:
    1503 2ND AVE SE
    CEDAR RAPIDS, IA 52403-0000

  • Mailing Address:
    2572 INDIAN HILL RD SE
    CEDAR RAPIDS, IA 52403-0000 USA
  • Location:
    Urban
  • Class:
    RES 3+ UNITS
  • Map Area:
    CONVERSION-CENT CORE
  • Tax District:
    20100 CR/CR SCH
  • Plat Map:
    2223
  • Legal Description:
    BEVER PARK 1ST STR/LB 8 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
$28,100 $90,100 $0 $118,200
  Prior Year Value Information
Year Land Value Dwelling Value Improvement Value Total Value
2023 $24,200 $90,100 $0 $114,300
2022 $24,200 $69,800 $0 $94,000
2021 $20,400 $69,800 $0 $90,200
2020 $17,900 $64,700 $0 $82,600
2019 $17,900 $64,700 $0 $82,600
2018 $17,900 $50,700 $0 $68,600
2017 $17,900 $50,700 $0 $68,600
2016 $17,900 $52,300 $0 $70,200
2015 $17,900 $52,300 $0 $70,200
2014 $17,850 $0 $71,216 $89,066
2013 $13,608 $0 $73,645 $87,253
2012 $13,608 $0 $73,645 $87,253
2011 $13,608 $0 $73,645 $87,253
2010 $13,608 $0 $68,255 $81,863
2009 $13,608 $0 $68,255 $81,863
2008 $13,608 $0 $68,255 $81,863
2007 $13,608 $0 $68,255 $81,863
2006 $13,608 $0 $68,255 $81,863
  Land Front Foot 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 Front Rear Side 1 Side 2 EFF Frontage
Main Lot 60.00 60.00 140.00 140.00 60.00
Total Square Feet:  8,400 Total Acres:   0.193
  Residential Building Information
Occupancy Style Year Built Total Living Area
2 Story Frame 1900 2,473
Building
  • Occupancy:Four-Family Conversion
  • Year Built:1900
  • EFA:123
  • EFF Year:1900
  • Style:2 Story Frame
  • Area:1,008
  • TLA:2,473
  • Condition:Below Normal
  • Basement:Full
  • Heating:FHA - Gas
  • AC:Yes
  • Attic:None
Room Count
  • Rms Above Ground:18
  • Rms Below Ground:0
  • Bedrooms Above:4
  • Bedrooms Below:0
Building Descriptions
  • Foundation:Brk
  • Exterior Walls:Wd Lap
  • Roof:Asph / Gable
  • Interior Walls:Plas
  • Flooring:Carp / Tile / Hdwd
  • Architectural Design:Conventional
  • Single Siding:No
Plumbing
Style Count
Standard Bath - 3 Fixt 4
Sink 3
Porches
SF Area Style Bsmt SF Qtrs SF Qtrs Style Qtrs AC
151 1S Frame Open 0 0 Frame Yes
Addition 1 of 2
  • Year Built:1900
  • EFA:123
  • EFF Year:1900
  • Style:1 Story Frame
  • Area:9
  • Condition:Below Normal
  • Basement SF:0
  • No Floor Adj (SF):0
  • Heat:FHA - Gas
  • AC:Yes
  • Attic SF:0
Addition 2 of 2
  • Year Built:1900
  • EFA:123
  • EFF Year:1900
  • Style:2 Story Frame
  • Area:224
  • Condition:Below Normal
  • Basement SF:0
  • No Floor Adj (SF):0
  • Heat:FHA - Gas
  • AC:Yes
  • Attic SF:0
Garage 1 of 1
  • Year Built:1962
  • EFA:61
  • EFF Year:1962
  • Style:Det Frame
  • W × L:20 × 22
  • Area:440
  • Condition:Poor
  • Basement SF:0
  • Int Fin Style:None
  • Int Fin Pricing:Average
  • Int Fin Area:0
  • Qtrs Over Style:None
  • Qtrs Over SF:0
  • Qtrs Over AC (SF):0
  Yard Extra Information
Description Item Count Year Built
1 2012
Details
  • Year Built:2012
  • EFA:11
  • EFF Year:2012
  • Description:Shed
  • Condition:Normal
  • Type:Frame Shed
  • Pricing:Average
  • Width:4.00
  • Length:8.00
  • Area:32 Square Feet
  • Count:1
  • Plot Number:
  Sale Information
Sale Date Amount Sales Condition Code Recording
$125,000 0 - Normal 11522/43731
Sales Detail
  • Buyer: FREUND RENTALS TWO LLC
  • Seller: BOWDISH NATHANIEL A
  • Sale Date: 01/03/2024
  • Sale Amount: $125,000
  • Sale Type: Deed
  • Sales Code: 0 - Normal
  • Recording: 11522/43731
  • Additional Information: Click Here
$108,000 0 - Normal 11296/106
Sales Detail
  • Buyer: BOWDISH NATHANIEL A
  • Seller: HOTH PROPERTIES LLC
  • Sale Date: 02/15/2022
  • Sale Amount: $108,000
  • Sale Type: Deed
  • Sales Code: 0 - Normal
  • Recording: 11296/106
  • Additional Information: Click Here
$49,000 0 - Normal 9224/649
Sales Detail
  • Buyer: HOTH PROPERTIES LLC
  • Seller: MALFESE ROBERT W
  • Sale Date: 04/07/2015
  • Sale Amount: $49,000
  • Sale Type: Deed
  • Sales Code: 0 - Normal
  • Recording: 9224/649
  • Additional Information: Click Here
$0 17 - Sale between family members or related parties 8338/551
Sales Detail
  • Buyer: MALFESE ROBERT W
  • Seller: MALFESE ROBERT W & ELANA J
  • Sale Date: 06/19/2012
  • Sale Amount: $0
  • Sale Type: Quit Claim Deed
  • Sales Code: 17 - Sale between family members or related parties
  • Recording: 8338/551
  • Additional Information: Click Here
$0 31 - CONTRACT FORFEITURE 8169/690
Sales Detail
  • Buyer: MALFESE ROBERT W & ELANA J
  • Seller: ALDRIDGE ROBERT JR
  • Sale Date: 01/12/2012
  • Sale Amount: $0
  • Sale Type: Affidavit
  • Sales Code: 31 - CONTRACT FORFEITURE
  • Recording: 8169/690
  • Additional Information: Click Here
$90,000 099 - [EMPTY] 6480/5
Sales Detail
  • Buyer: ALDRIDGE ROBERT JR
  • Seller: MALFESE ROBERT W & ELANA J
  • Sale Date: 09/02/2006
  • Sale Amount: $90,000
  • Sale Type: Contract
  • Sales Code: 099 - [EMPTY]
  • Recording: 6480/5
  • Additional Information: Click Here
$83,255 000 - Normal Arms-Length Transaction 4623/619
Sales Detail
  • Buyer:
  • Seller: MALFESE ROBERT W & ELANA J
  • Sale Date: 03/04/2002
  • Sale Amount: $83,255
  • Sale Type: Deed
  • Sales Code: 000 - Normal Arms-Length Transaction
  • Recording: 4623/619
  • Additional Information: Click Here
$0 049 - Unuseable Sale - Other 4623-619
Sales Detail
  • Buyer: MALFESE ROBERT W & ELANA J
  • Seller: BENDA MARTIN W & MARILYN R
  • Sale Date: 02/28/2002
  • Sale Amount: $0
  • Sale Type: Deed
  • Sales Code: 049 - Unuseable Sale - Other
  • Recording: 4623-619
  • Additional Information: Click Here
  Building Permit Information
Date Number | Comments Reason
07/07/2015 BLDR-039399-2015 FENCE
  INSTALL A NEW 6 FEET HIGH SOLID FENCE - 36 FEET TOTAL LENGTH. HISTORICAL PRESERVATION REVIEW REQUIRED.
04/27/2015 BLDR-035655-2015 REPAIR
  TEAR OFF AND SHINGLE W/ASPHALT TO SINGLE FAMILY DWELLING - 29 SQS.
04/27/2015 BLDR-035660-2015 REPAIR
  TEAR OFF AND SHINGLE W/ASPHALT TO DETACHED GARAGE - 7 SQS.
01/16/2012 MECH028857CR REPAIR
  EMERGENCY - INSTALL FURNACE
08/04/2009 ELEC026312CR REMODEL
  WIRE 4-PLEX (NEW SERVICE)
  Parcel Notes
Title Note
(4) 1-BDRM APTS. 1 FURNACE WITH CENTRAL A/C. OBSOL - 10% ARCH, 5% GRADE, 10% HTG, 10% ELECTRIC. NEW ROOF 2002.

LEASED-MULTIPLE TENANTS.*****LAND SF=8400. BUILDING SF=2476. L TO B RATIO=3.39.

1-2013 REPLACED FURNACE. NAV 6YR CYCLE. NO CHANGES PER OWNER 9/19/2012 AE

1-2014 CONVERSION REVAL - 10/10/2013 JC

1-2015 6/2014 FLASH FLOOD. WATER LEVEL STAYED BELOW SERVICE PANELS.. MINOR FOUNDATION HOLES HAVE BEEN PATCHED. NO ADJ. 9/18/2014 AE

1-2015 SF 295 - CHANGE CLASS FROM COMM TO MULTI-RES 10/3/14 SAM

1-2015 UPDATED MANUAL LEVEL AND DEPRECIATION SCHEDULE BASED ON MARKET CONDITIONS.

1-2019 MULTI-RES REVIEW. NO RESPONSE FROM OWNER QUESTIONAIRE. REDUCE LAYOUT TO 10% AND REMOVE STRUCTURE ADJUSTMENT. 1/1/2019 JA

1-2021 CHANGE OF LAND VALUE FOR COMMERCIAL LAND REVALUATION SEL

1-2022 - CHANGED CLASS FROM MULTI-RES TO RESIDENTIAL 3+ UNITS PER HOUSE FILE 418 (NO RECON REQUIRED). 6/17/21 SAM
  Tax Information
Assessment Year Taxes Payable Assessed Value Taxable Value Gross Tax Net Tax
2023 2024-2025 $114,300.00 $52,970.00 $2,022.00 $2,022.00
2022 2023-2024 $94,000.00 $51,371.00 $1,982.00 $1,982.00
2021 2022-2023 $90,200.00 $57,503.00 $2,200.00 $2,200.00
2020 2021-2022 $82,600.00 $55,756.00 $2,180.00 $2,180.00
2019 2020-2021 $82,600.00 $58,853.00 $2,296.00 $2,296.00
2018 2019-2020 $68,600.00 $51,450.00 $1,948.00 $1,948.00
2017 2018-2019 $68,600.00 $54,022.00 $2,036.00 $2,036.00
2016 2017-2018 $70,200.00 $57,916.00 $2,216.00 $2,216.00
2015 2016-2017 $70,200.00 $60,548.00 $2,314.00 $2,314.00
2014 2015-2016 $89,066.00 $80,159.00 $3,060.00 $3,060.00
2013 2014-2015 $87,253.00 $82,891.00 $3,172.00 $3,172.00
  Sketch
  • Sketch for PIN 14222-79015-00000
    Sketch for PIN 14222-79015-00000
  • Sketch for PIN 14222-79015-00000
    Sketch for PIN 14222-79015-00000