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2940 Otis Ave; Cedar Rapids, IA Property Details

2940 Otis Ave, Cedar Rapids, IA is a Residential General. This property is currently a cash purchase and is not for sale. Our records show that 2940 Otis Ave has a total of 27,878 square feet. The lot size of 2940 Otis Ave is 27,878 square feet.

Off market
2940 Otis Ave SE Cedar Rapids, IA 52403
$60,000 Listing Price
27,878 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Purchase Price: $55,000
  • Open Loans / Balance: 1 / $427,459
  • Est. Equity / %: $-49,459 / -13.08%
  • Gross Yield: 1.511%
  • APN: 14354-27016-00000
  • Situs County: Linn
  • Length Of Ownership: 9 months

Measurements

  • Total: 27,878/SqFt
  • Lot: 27,878/SqFt
  • Price Per Square Foot: $1.97

Legal Description

  • Description: JANSSEN ESTATES ADDITION PART THREE STR/LB 1
Building Insights

Land Information

  • Property Type: Residential General
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Cedar Rapids Community School District
  • Lat / Lon: 41.9518 / -91.62427
  • Subdivision: Janssen Estates
  • Property Class: Residential
  • County Use Code: 2

Amenities

  • Plus Four: 4737

Ownership Info

2940 Otis Ave SE has no associated ownership info
2940 Otis Ave SE has no associated ownership info.

Taxes

2940 Otis Ave SE has 10 associated Taxes items

2940 Otis Ave, Cedar Rapids, IA pays taxes in Linn County, IA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $55,400. The APN we've located for 2940 Otis Ave is 14354-27016-00000.

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Taxes
  • Assessed Value:  $55,400
  • Assessed Year:  2025
  • Assessed County:  Linn
  • APN:  14354-27016-00000
  • Assessed Land Value:  55400
  • Market Land Value:  55400
  • Tax Amount:  762
  • Tax Year:  2024
  • Market Value:  55400
  • Market Year:  2025

Tax History

2940 Otis Ave SE has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $55,400 Land Value $55,400 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $49,200 Land Value $49,200 Improvement Value Tax Amount $762 Change Rate -0.162637% Assessed CR Tax Rate +0.015488%
Year 2023 Assessed Value $43,100 Land Value $43,100 Improvement Value Tax Amount $910 Change Rate -0.99% Assessed CR Tax Rate +0.021114%
Year 2022 Assessed Value $43,100 Land Value $43,100 Improvement Value Tax Amount $91,000 Change Rate +101.01794% Assessed CR Tax Rate +2.111369%
Year 2021 Assessed Value $43,100 Land Value $43,100 Improvement Value Tax Amount $892 Change Rate +0.645756% Assessed CR Tax Rate +0.020696%
Year 2020 Assessed Value $24,600 Land Value $24,600 Improvement Value Tax Amount $542 Change Rate +0.026515% Assessed CR Tax Rate +0.022033%
Year 2019 Assessed Value $24,600 Land Value $24,600 Improvement Value Tax Amount $528 Change Rate +0.023256% Assessed CR Tax Rate +0.021463%
Year 2018 Assessed Value $24,600 Land Value $24,600 Improvement Value Tax Amount $516 Change Rate Assessed CR Tax Rate +0.020976%
Year 2017 Assessed Value $24,600 Land Value $24,600 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $24,600 Land Value $24,600 Improvement Value Tax Amount $522 Change Rate Assessed CR Tax Rate +0.02122%
Year 2015 Assessed Value $24,619 Land Value $24,619 Improvement Value Tax Amount $522 Change Rate -0.003817% Assessed CR Tax Rate +0.021203%
Year 2014 Assessed Value $24,619 Land Value $24,619 Improvement Value Tax Amount $524 Change Rate -0.013183% Assessed CR Tax Rate +0.021284%
Year 2013 Assessed Value $24,619 Land Value $24,619 Improvement Value Tax Amount $531 Change Rate Assessed CR Tax Rate +0.021569%