• Parcel Number:
    14272-80005-00000
  • DBA:
    OAK PARK VILLAGE
  • Deed Holder:
    OPV LLC
  • Property Address:
    1350 15TH ST SE
    CEDAR RAPIDS, IA 52403-0000

  • Mailing Address:
    % LUMENT REAL ESTATE CAPITAL ATTN: TAX
    2001 ROSS AVE STE 1900
    DALLAS , TX 75201-2997 USA
  • Location:
    Urban
  • Class:
    RES 3+ UNITS
  • Map Area:
    APARTMENT
  • Tax District:
    20100 CR/CR SCH
  • Plat Map:
    2423
  • Legal Description:
    OAK PARK VILLAGE 1ST LOT 9 BLK 2 & OAK HILL UNIT 1 LOTS 5, 6, 7 & 8 STR/LB
  • Property Report:
  Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
Land Value Dwelling Value Improvement Value Total Value
$85,700 $520,500 $0 $606,200
  Prior Year Value Information
Year Land Value Dwelling Value Improvement Value Total Value
2023 $85,700 $520,500 $0 $606,200
2022 $85,700 $385,800 $0 $471,500
2021 $85,700 $385,800 $0 $471,500
2020 $68,600 $294,100 $0 $362,700
2019 $68,600 $294,100 $0 $362,700
2018 $76,200 $280,200 $0 $356,400
2017 $76,200 $280,200 $0 $356,400
2016 $76,200 $257,100 $0 $333,300
2015 $76,200 $257,100 $0 $333,300
2014 $76,200 $0 $282,097 $358,297
2013 $76,200 $0 $282,097 $358,297
2012 $68,580 $0 $261,566 $330,146
2011 $68,580 $0 $261,566 $330,146
2010 $68,580 $0 $252,845 $321,425
2009 $68,580 $0 $252,845 $321,425
2008 $68,580 $0 $252,845 $321,425
2007 $68,580 $0 $252,845 $321,425
2006 $68,580 $0 $236,220 $304,800
  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 55,321 1.270
  Commercial Building Information
Occupancy Year Built Building Area
1982 1,720
Building 1 of 3
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:2S WD FR COMP BRK VEN (B1
  • Gross Building Area:3,588
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 1,720
Electrical Apartment 1 1,720
Exterior Wall Vinyl - Frame 0 0
Exterior Wall Brick Veneer 3 35
Exterior Wall Brick Veneer 8 55
Floor Cover Carpet 1 1,720
Floor Cover Vinyl Sheet 1 0
Framing Wood - Average 1 1,720
Fronts/Doors Incl. w / Base Average 0
Ftg & Fdtn Reinforced Concrete 8" 0
HVAC Central AC 1 0
HVAC Forced Hot Air 1 1,720
Interior Wall Drywall or Equiv. 0 0
Partitions Drywall 1 1,720
Roof Asph. Shingle/ Wood Dk 1,720
Struct. Floor R'Concrete 1 0
Struct. Floor Wd Joists w /Sub-Flr 1 1,720
Windows Incl. w / Base 0 0
Plumbing
Description Quantity Range
3-Fixture Bathroom 4 Base
Sink-Kitchen 4 Base
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 3,440 Average
Concrete patio 64 Average
Concrete patio 64 Average
Concrete patio 64 Average
Concrete patio 80 Average
1982 74
Addition 1 of 2
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:1S FR OH (A1)
  • Gross Building Area:3,588
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 74
Electrical Apartment 1 74
Exterior Wall Vinyl - Frame 0 0
Floor Cover Carpet 1 74
Framing Wood - Average 1 74
HVAC Forced Hot Air 1 74
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 74
Roof Asph. Shingle/ Wood Dk 74
Struct. Floor Wd Joists w /Sub-Flr 1 74
Windows Incl. w / Base 0 0
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 74 Average
1982 74
Addition 2 of 2
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:1S FR OH (A2)
  • Gross Building Area:3,588
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 74
Electrical Apartment 1 74
Exterior Wall Vinyl - Frame 0 0
Floor Cover Carpet 1 74
Framing Wood - Average 1 74
HVAC Forced Hot Air 1 74
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 74
Roof Asph. Shingle/ Wood Dk 74
Struct. Floor Wd Joists w /Sub-Flr 1 74
Windows Incl. w / Base 0 0
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 74 Average
1982 2,528
Building 2 of 3
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:2S WD FR COMP BRK VEN (B2
  • Gross Building Area:5,200
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 2,528
Electrical Apartment 1 2,528
Exterior Wall Vinyl - Frame 0 0
Exterior Wall Brick Veneer 3 55
Exterior Wall Brick Veneer 8 35
Floor Cover Carpet 1 2,528
Floor Cover Vinyl Sheet 1 0
Framing Wood - Average 1 2,528
Fronts/Doors Incl. w / Base Average 0
Ftg & Fdtn Reinforced Concrete 8" 0
HVAC Central AC 1 0
HVAC Forced Hot Air 1 2,528
Interior Wall Drywall or Equiv. 0 0
Partitions Drywall 1 2,528
Roof Asph. Shingle/ Wood Dk 2,528
Struct. Floor R'Concrete 1 0
Struct. Floor Wd Joists w /Sub-Flr 1 2,528
Windows Incl. w / Base 0 0
Plumbing
Description Quantity Range
3-Fixture Bathroom 6 Base
Sink-Kitchen 6 Base
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 5,056 Average
Concrete patio 80 Average
Concrete patio 64 Average
Concrete patio 64 Average
Concrete patio 64 Average
Concrete patio 64 Average
Concrete patio 80 Average
1982 36
Addition 1 of 4
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:1S FR OH (A1)
  • Gross Building Area:5,200
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 36
Electrical Apartment 1 36
Exterior Wall Vinyl - Frame 0 0
Floor Cover Carpet 1 36
Framing Wood - Average 1 36
HVAC Forced Hot Air 1 36
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 36
Roof Asph. Shingle/ Wood Dk 36
Struct. Floor Wd Joists w /Sub-Flr 1 36
Windows Incl. w / Base 0 0
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 36 Average
1982 36
Addition 2 of 4
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:1S FR OH (A2)
  • Gross Building Area:5,200
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 36
Electrical Apartment 1 36
Exterior Wall Vinyl - Frame 0 0
Floor Cover Carpet 1 36
Framing Wood - Average 1 36
HVAC Forced Hot Air 1 36
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 36
Roof Asph. Shingle/ Wood Dk 36
Struct. Floor Wd Joists w /Sub-Flr 1 36
Windows Incl. w / Base 0 0
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 36 Average
1982 36
Addition 3 of 4
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:1S FR OH (A3)
  • Gross Building Area:5,200
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 36
Electrical Apartment 1 36
Exterior Wall Vinyl - Frame 0 0
Floor Cover Carpet 1 36
Framing Wood - Average 1 36
HVAC Forced Hot Air 1 36
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 36
Roof Asph. Shingle/ Wood Dk 36
Struct. Floor Wd Joists no Sub-Flr 1 36
Windows Incl. w / Base 0 0
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 36 Average
1982 36
Addition 4 of 4
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Apartment
  • Label:1S FR OH (A4)
  • Gross Building Area:5,200
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 36
Electrical Apartment 1 36
Exterior Wall Vinyl - Frame 0 0
Floor Cover Carpet 1 36
Framing Wood - Average 1 36
HVAC Forced Hot Air 1 36
Interior Wall Drywall or Equiv. 0 0
Partitions Apartment 1 36
Roof Asph. Shingle/ Wood Dk 36
Struct. Floor Wd Joists w /Sub-Flr 1 36
Windows Incl. w / Base 0 0
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 36 Average
1982 798
Building 3 of 3
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Office - General
  • Label:1S WD FR VINYL BRK VEN (
  • Gross Building Area:798
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Drywall 1 798
Electrical Incl. w / Base 1 798
Exterior Wall Vinyl - Frame 0 0
Exterior Wall Brick Veneer 0 0
Floor Cover Carpet 1 798
Framing Wood - Average 1 798
Fronts/Doors Incl. w / Base Average 0
Ftg & Fdtn Reinforced Concrete 8" 0
HVAC Forced Hot Air 1 798
HVAC Central AC 1 0
Interior Wall Drywall or Equiv. 0 0
Partitions Drywall 1 798
Roof Asph. Shingle/ Wood Dk 798
Struct. Floor R'Concrete 1 798
Windows Incl. w / Base 0 0
Plumbing
Description Quantity Range
Toilet Room 1 Base
Adjustments
Description Quantity Range
Apt - A/C deduct wall units 798 Average
Extra 1 of 1
  • Type: Decks,Patios,etc.
  • Description: Porch (Commercial)
  • Type: Porch (commercial)
  • Pricing: Average
  • Width: 0.00
  • Length: 0.00
  • Quantity: 112
  Yard Extra Information
Description Item Count Year Built
2 1982
Details
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Description:Fencing - Wood
  • Condition:Normal
  • Height:4
  • Fence Pricing:Low
  • Quantity:50 Lineal Feet
  • Gate Pricing:Average
  • Gates:0 Lineal Feet
  • Count:2
  • Plot Number:0
1 1982
Details
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Description:Paving - Asphalt
  • Condition:Below Normal
  • Paving Type:Asphalt Parking
  • Price Method:Per Square Foot
  • Pricing:Average
  • Quantity:5,100 Square Feet
  • # of Spaces:0
  • Lighting:None
  • Count:1
  • Plot Number:0
1 1982
Details
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Description:Paving - Asphalt
  • Condition:Below Normal
  • Paving Type:Asphalt Parking
  • Price Method:Per Square Foot
  • Pricing:Average
  • Quantity:5,200 Square Feet
  • # of Spaces:0
  • Lighting:None
  • Count:1
  • Plot Number:0
6 1982
Details
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Description:Shed
  • Condition:Normal
  • Type:Frame Shed
  • Pricing:Average
  • Width:0.00
  • Length:0.00
  • Area:32 Square Feet
  • Count:6
  • Plot Number:0
4 1982
Details
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Description:Shed
  • Condition:Normal
  • Type:Frame Shed
  • Pricing:Average
  • Width:0.00
  • Length:0.00
  • Area:32 Square Feet
  • Count:4
  • Plot Number:0
  Sale Information
Sale Date Amount Sales Condition Code Recording
$4,200,000 50 - Other with explanation 11373/414
Sales Detail
  • Buyer: OPV LLC
  • Seller: OAK PARK VILLAGE LLC
  • Sale Date: 04/25/2022
  • Sale Amount: $4,200,000
  • Sale Type: Deed
  • Sales Code: 50 - Other with explanation
  • Recording: 11373/414
  • Additional Information: Click Here
$1,200,000 50 - Other with explanation 10062/217
Sales Detail
  • Buyer: OAK PARK VILLAGE LLC
  • Seller: OAK PARK ASSOCIATES
  • Sale Date: 03/22/2018
  • Sale Amount: $1,200,000
  • Sale Type: Deed
  • Sales Code: 50 - Other with explanation
  • Recording: 10062/217
  • Additional Information: Click Here
$0 049 - Unuseable Sale - Other 1830/29
Sales Detail
  • Buyer:
  • Seller:
  • Sale Date: 12/30/1899
  • Sale Amount: $0
  • Sale Type: Deed
  • Sales Code: 049 - Unuseable Sale - Other
  • Recording: 1830/29
  • Additional Information: Click Here
  Building Permit Information
Date Number | Comments Reason
06/11/2020 BLDC-006071-2020 REPAIR
  TEAR OFF & REPLACE ASPHALT SHINGLES TO COMMERCIAL BLDG 1200 SF (STRUCTURE 1)
06/14/2018 PLMC-014718-2018 WATER HEATER
  WATER HEATER
08/17/2017 BLDR-002364-2017 ADDITION
  CONSTRUCTION OF A 5' x 5' LANDING W/HANDICAP RAMP TO FRONT OF EXISTING 4 UNIT TOWNHOUSE PLEASE CALL 286-5831 FOR FOOTING-FINAL INSPECTIONS SEE ATTACHED R MESSER
11/17/2016 MECC-007195-2016 MECHANICAL ONLY
  FURNACE REPLACEMENT VALUATION = $1400
12/02/2005 41026 SIDING
 
06/15/2005 37680 ROOF
 
01/20/2005 10922 FURNACE
 
10/18/2002 MECH005654 FURNACE/AC
 
12/04/2001 MECH003734 FURNACE/AC
 
11/07/2001 MECH003583 FURNACE/AC
 
  Parcel Notes
Title Note
05/06/2002 8 BLDG. APT COMPLEX LOCATED ON 3 PARCELS. ADJOINING PARCELS ARE 14272-76001-00000 AND 14272-77009-00000. THIS PARCEL HAS OFFICE, 1 4-UNIT AND 1 6-UNIT BLDG. OFFICE BLDG HAS OFFICE, MAINT, TR & LAUNDRY AREAS. BLDG 1362-1368 HAS (2) 3 BDRM & (2) 2 BDRM UNITS. BLDG 1540-1550 HAS (2) 3 BDRM AND (4) 2 BDRM UNITS. ALL UNITS HAVE BDRMS AND FULL BATH ON 2ND FLR.1ST FLR IS KIT, DINING, LAUNDRY & LIVING AREAS. INT OF ALL BLDG IS AVG QUALITY & CONDITION. NO RECENT UPDATES. AVG MAINTENANCE.

LEASED-MULTIPLE TENANTS. LAND SF=55321.2. BUILDING SF=9294. L TO B RATIO=5.95. APARTMENT AREA=8496 SF(94%). COMMON AREAS=798 (6%). 7000 SF PAVING/10 UNITS=700 SF/UNIT. 24 PARKING SPACES/10 UNITS= 2.4 PARKING SPACE/UNIT.

2003 BOARD OF REVIEW PETITION #1502 NO CHANGE.*****2003 FALL BOARD OF REVIEW PETITION #76 - NO CHANGE*******

PER DISTRICT COURT DECREE CVCV046791 - REDUCE 1-2003 AND 1-2004 ASSESSED VALUES TO $304,800

2005 BOARD OF REVIEW PETITION #1136 NO CHANGE ***

1-2006 REROOF B1 & B2 - NAV - 9/6/05 JMR *** C-06 4 VINYL SIDING TO B3 - JMR ***

1-2007 ADJUST DEPR TO ELIMINATE SV BY 2003 & 2004 COURT DECREE. VINYL SIDING TO B1, B2 & B3 - COMPLETE - 8/23/06 JMR ***

2007 BOARD OF REVIEW PETITION #897 NO CHANGE ***

1-2013 COMM REVAL - ADJUSTED GRADE, COND, PAVING - 08/22/11 TL

1-2015 SF 295 CHANGE CLASS FROM COMM TO MULTI - RES 10/7/14 SAM

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

1-2017 REVAL OTHER OBSOL FOR MARKET & EQUITY. 2/6/17 JKB

1-2018 ADD H/C RAMP TO FRONT OF BUILDING - N/C. 10/26/17 JA

1-2019 MULTI-RES REVIEW. INFO PER OWNER QUESTIONNAIRE & EXTERIOR REVIEW. REMOVE STRUCTURE ADJUSTMENTS. 1/1/2019 JA

1-2019 INFORMAL APPEAL RESULTS IN CHANGE IN VALUE FROM $410,800 TO $362,700. APPLIED 10% ECONOMIC TO LAND, 5% LAYOUT FOR BATHROOMS ON 2ND FLR, 5% FOR SIZE AND 10% ECONOMIC FOR LOCATION. 4/18/19 JA

1-2021 PERMIT- REPLACE ROOF ON BLDG1. NAV 09/29/2020 NM

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

1-2023 RMVD 5% LAYOUT OBSOL (B1, B2) DUE TO MARKET/EQUITY. 03/06/2023 NM
  Tax Information
Assessment Year Taxes Payable Assessed Value Taxable Value Gross Tax Net Tax
2023 2024-2025 $606,200.00 $280,930.00 $10,728.00 $10,728.00
2022 2023-2024 $471,500.00 $257,675.00 $9,944.00 $9,944.00
2021 2022-2023 $471,500.00 $300,582.00 $11,504.00 $11,504.00
2020 2021-2022 $362,700.00 $244,823.00 $9,576.00 $9,576.00
2019 2020-2021 $362,700.00 $258,424.00 $10,080.00 $10,080.00
2018 2019-2020 $356,400.00 $267,300.00 $10,122.00 $10,122.00
2017 2018-2019 $356,400.00 $280,666.00 $10,576.00 $10,576.00
2016 2017-2018 $333,300.00 $274,973.00 $10,516.00 $10,516.00
2015 2016-2017 $333,300.00 $287,472.00 $10,986.00 $10,986.00
2014 2015-2016 $358,297.00 $322,467.00 $12,312.00 $12,312.00
2013 2014-2015 $358,297.00 $340,382.00 $13,028.00 $13,028.00
  Sketch
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000
  • Sketch for PIN 14272-80005-00000
    Sketch for PIN 14272-80005-00000