NOT LISTED FOR SALE

103 Sumac Dr Palo, IA 52324

Estimated Value: $310,000 - $360,932

4 Beds
3 Baths
2,191 Sq Ft
$152/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $329,990 $151 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,291/month

385 Days on Market

Highlights

  • New Construction
  • Family Room with Fireplace
  • Ranch Style House
  • John F. Kennedy High School Rated A-
  • Recreation Room
  • 3 Car Attached Garage

About This Home

As of May 2024

FORMER MODEL HOME NOW FOR SALE - D.R. Horton, America’s Builder, presents the Hamilton. This home boasts 4 bedrooms, 3 bathrooms and a 3 car garage a on a quiet road. Quartz countertops sparkle in the bathrooms and the kitchen, which feature a corner pantry, large island with breakfast bar and stainless steel appliances. The main bedroom has a large walk-in closet, a walk-in shower and dual vanity sinks. Palo offers convenience without living in a big city, you are 10 minutes away from Cedar Rapids. There are two restaurants, a gym, and a daycare less than a minute away from the community. Palo Lake is a 7-minute drive offering a swimming beach, camping, and fishing. All D.R. Horton Iowa homes include fully sodded lots, our America’s Smart Home Technology plus our 1/2/10 year warranty. This home is HERS tested and exceeds HERS Standards. Photos similar but not necessarily of subject property, including interior & exterior colors, finishes and appliances.

Last Agent to Sell the Property

Kathryn Greer

DRH Realty Of Iowa, LLC Listed on: 03/08/2023

DRH Realty Of Iowa, LLC

Last Buyer's Agent

Jeysha Cruz Suarez

Realty87

Realty87

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,996

Year Built

  • 2022

Lot Details

  • 0.25

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Electric Fireplace
  • Family Room with Fireplace
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Patio
  • 0.25 Acre Lot

Community Details

  • Built by DR HORTON

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,996

Year Built

2022

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Style: Ranch
  • Acres: 0.2500
  • Above Grade Finished Sq Ft: 1498
  • Association Fee Frequency: Year
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Lower Level Bedroom: 1
  • Total Bedrooms: 4
  • City Name: Palo
  • Dining Features: Eat-In Kitchen
  • List User Cell Phone: 515-605-7444
  • Low Lvl Fin Sq Ft: 693
  • Miscellaneous: Home Warranty, Patio, Security System
  • New Construction: Yes
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97059
  • Ratio Close Price By Original Li: 0.94286
  • Ratio Current Price By Sq Ft: 220.29
  • Total Sq Ft: 2191
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2022

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Microwave, Water Heater – Electric
  • Additional Room: 1st Floor Family, Rec Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 3
  • Bedrooms Level 1: 3
  • Fireplace Features: Electric, Family Room
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Room Count: 3

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 3 Cars, Attached

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Condo/Co-op/Association

  • Association Fee: 150
  • Association: Yes

Schools

  • Elementary School: Viola Gibson
  • Middle School: Harding
  • High School: Kennedy

Lot Info

  • Lot Size: 10890

Building Info

  • Builder Name: DR HORTON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Apr 29, 2024
Sold by
Dr Horton Iowa Llc
Bought by
Chavez Luis Lagunas and Eatiquez Susana B
Seller's Agent
Kathryn Greer
DRH Realty Of Iowa, LLC
Buyer's Agent
Jeysha Cruz Suarez
Realty87
List Price
$349,990
Sold Price
$329,990
Premium/Discount to List
-$20,000
-5.71%
Views
81
Current Estimated Value
$333,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,743
Avg. Annual Appreciation
-1.83%
Original Mortgage
$32,999
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chavez Luis Lagunas $330,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chavez Luis Lagunas $32,999
Open Chavez Luis Lagunas $263,992
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $329,990 -2.9% $151 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/24/2024 03/24/24 Price Changed $339,990 +3.0% $155 / Sq Ft
12/21/2023 12/21/23 Price Changed $329,990 -4.3% $151 / Sq Ft
07/25/2023 07/25/23 Price Changed $344,990 -1.4% $157 / Sq Ft
05/09/2023 05/09/23 Price Changed $349,990 -1.4% $160 / Sq Ft
04/21/2023 04/21/23 Price Changed $354,990 +1.4% $162 / Sq Ft
03/08/2023 03/08/23 For Sale $349,990 -- $160 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,996 $372,100 $37,400 $334,700
2023 $30 $397,400 $37,400 $360,000
2022 $3,000 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2301431

Cedar Rapids Area Association of REALTORS®

APN: 12201-80001-00000