• Parcel Number:
    14281-33005-01014
  • Computer ID:
    53603
  • DBA:
    APTS 29,30,31,32 ENTIRE 5TH FLR IRS
  • Deed Holder:
    CENTER OWNERS ASSOCIATION INC
  • Property Address:
    425 2ND ST SE
    CEDAR RAPIDS, IA 52401-0000

  • Mailing Address:
    PO BOX 42
    CEDAR RAPIDS, IA 52401-0000 USA
  • Location:
    Urban
  • Class:
    COMMERCIAL
  • Map Area:
    OFFICE; CTRL CR
  • Tax District:
    20700 CR-SSMID
  • Plat Map:
    2424
  • Legal Description:
    THE CENTER CONDO APTS 29, 30, 31 & 32
  • Property Report:
  Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
Land Value Dwelling Value Improvement Value Total Value
$0 $0 $120,000 $120,000
  Prior Year Value Information
Year Land Value Dwelling Value Improvement Value Total Value
2023 $0 $0 $120,000 $120,000
2022 $0 $0 $568,200 $568,200
2021 $0 $0 $568,200 $568,200
2020 $0 $0 $573,700 $573,700
2019 $0 $0 $573,700 $573,700
2018 $0 $0 $573,700 $573,700
2017 $0 $0 $573,700 $573,700
2016 $0 $0 $451,000 $451,000
2015 $0 $0 $451,000 $451,000
2014 $0 $0 $464,428 $464,428
2013 $0 $0 $592,887 $592,887
2012 $0 $0 $570,404 $570,404
2011 $0 $0 $570,404 $570,404
2010 $0 $0 $558,715 $558,715
2009 $0 $0 $620,794 $620,794
2008 $0 $0 $620,794 $620,794
2007 $0 $0 $620,794 $620,794
2006 $0 $0 $620,794 $620,794
  Commercial Building Information
Occupancy Year Built Building Area
1982 13,720
Building 1 of 1
  • Year Built:1982
  • EFA:41
  • EFF Year:1982
  • Occupancy:Office - General
  • Label:1S STL FR CONC
  • Gross Building Area:13,720
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Suspended Blk-Fiber 1 13,720
Electrical Office 1 13,720
Exterior Wall Tilt-Up w/Broom (Insul)-8" 0 0
Floor Cover Carpet 1 13,720
Framing Steel - Heavy 1 13,720
Fronts/Doors Incl. w / Base Average 0
HVAC Combination FHA - AC 1 13,720
Interior Wall Drywall or Equiv. 0 0
Partitions Incl. w / Base 1 13,720
Roof Incl. w / Base 13,720
Sprinkler Exposed Wet 1 13,720
Struct. Floor Bar Jst/Mtl Dk/Conc. 1 13,720
Wall Facing Incl. w / Walls Average 0
Windows Incl. w / Base 0 0
Plumbing
Description Quantity Range
Sink-Kitchen 2 Base
Adjustments
Description Quantity Range
Sprinkler - exposed wet 13,720 Average
  Sale Information
Sale Date Amount Sales Condition Code Recording
$0 12 - Foreclosures,forfeitures,Sheriff and Tax Sales or transfers arising from default 11522/31646
Sales Detail
  • Buyer: CENTER OWNERS ASSOCIATION INC
  • Seller: 425 CEDAR PROPERTIES LLC
  • Sale Date: 11/30/2023
  • Sale Amount: $0
  • Sale Type: Deed
  • Sales Code: 12 - Foreclosures,forfeitures,Sheriff and Tax Sales or transfers arising from default
  • Recording: 11522/31646
  • Additional Information: Click Here
$850,000 008 - [EMPTY] 5888/683
Sales Detail
  • Buyer: 425 CEDAR PROPERTIES LLC
  • Seller: RHOADES JOHN
  • Sale Date: 01/13/2005
  • Sale Amount: $850,000
  • Sale Type: Deed
  • Sales Code: 008 - [EMPTY]
  • Recording: 5888/683
  • Additional Information: Click Here
$750,000 008 - [EMPTY] 5038/591
Sales Detail
  • Buyer: RHOADES JOHN
  • Seller: RINDERKNECHT ASSOCIATES INC
  • Sale Date: 02/07/2003
  • Sale Amount: $750,000
  • Sale Type: Deed
  • Sales Code: 008 - [EMPTY]
  • Recording: 5038/591
  • Additional Information: Click Here
  Building Permit Information
Date Number | Comments Reason
06/10/2008 PLBG016143CR PLUMBING ONLY
  SUITE 600 - 10/01 /08 MJC
05/12/2003 21647 REMODEL/ALTERATION
 
  Parcel Notes
Title Note
BLL. APTS 29,30,31, & 32(5TH FLR). SLIGHTLY HIGHER QUAL IN SOME AREAS, BUT BASICALLY COMPARABLE TO OTHER FLRS.****IBR 3/11/03 NO CHANGE.

2003 FALL BOARD OF REVIEW PETITION #131 - NO CHANGE

2004 BOARD OF REVIEW PETITION #533 REDUCE TO $620,794

1-2009 PLUMB PERMIT - NAV - 3/11/09 BW

1-2010 INCREASED ECONOMIC OBS DUE TO MARKET & EQUITY - BW 4/5/2010

1-2013 COMM REVAL - BW 1/28/13

1-2013 BOARD OF REVIEW PETITION # 403 - DECREASED VALUE TO $592,887 - BW 5/23/2013

1-2014 INFORMAL HEARING CHANGED VALUE FROM $592,887 TO $557,314 DUE TO MARKET CONDITIONS - 3/17/2014 BW

1-2014 BOARD OF REVIEW DECREASED VALUE TO $464,428 - BW 5/22/2014

2017 BOARD OF REVIEW PETITION #0339 NO CHANGE 5/26/2017 MC

1-2021 NAV FOR COMMERCIAL LAND REVALUATION SEL

1-2023 OFFICE REVIEW - INSPECTED. HAS BEEN VACANT FOR YEARS, ADJUST VACANCY FROM 10% TO 40%. INTERIOR FINISH DATED AND WORN. 9/22/22 JA

1-2023 BOARD OF REVIEW PETITION #1919 REDUCE FROM $366,400 TO $120,000. 5/17/2023

  Tax Information
Assessment Year Taxes Payable Assessed Value Taxable Value Gross Tax Net Tax
2023 2024-2025 $120,000.00 $55,611.00 $2,276.00 $2,276.00
2022 2023-2024 $568,200.00 $458,355.00 $18,950.00 $18,950.00
2021 2022-2023 $568,200.00 $511,380.00 $20,976.83 $17,930.00
2020 2021-2022 $573,700.00 $516,330.00 $21,616.00 $18,316.00
2019 2020-2021 $573,700.00 $516,330.00 $21,561.00 $18,354.00
2018 2019-2020 $573,700.00 $516,330.00 $20,973.00 $17,590.00
2017 2018-2019 $573,700.00 $516,330.00 $20,878.00 $17,518.00
2016 2017-2018 $451,000.00 $405,900.00 $16,640.00 $13,030.00
2015 2016-2017 $451,000.00 $405,900.00 $16,627.00 $13,024.00
2014 2015-2016 $464,428.00 $417,985.00 $17,107.00 $14,528.00
2013 2014-2015 $592,887.00 $563,243.00 $23,109.00 $22,118.00
  Sketch
  • Sketch for PIN 14281-33005-01014
    Sketch for PIN 14281-33005-01014
  • Sketch for PIN 14281-33005-01014
    Sketch for PIN 14281-33005-01014