$191,990
SOLD APR 25, 2025

106 Oak Dr Palo, IA 52324

3 Beds
2.5 Baths
1,511 Sq Ft
$225/mo HOA Fee

Recently Sold

$127 Per Sq Ft

20% Below List Price

715 Days on Market

Highlights

  • New Construction
  • Cul-De-Sac
  • Eat-In Kitchen
  • John F. Kennedy High School Rated A-
  • 2 Car Attached Garage
  • Patio

About This Home

As of April 2025

*NOW FOR SALE!* - Former Model Home. D.R. Horton, America’s Builder, presents the Sydney. This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home, a large open floor plan greets you with a space that boasts a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends. Upstairs, you’ll find a large primary bedroom with an ensuite bathroom featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. Also upstairs, there are an additional two bedrooms, full bathroom, and a convenient laundry area. Move in package to include Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Refrigerator, Washer, Water Heater. 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-min drive offering a swimming beach, camping, and fishing. This home comes with all the benefits of new construction!

Last Agent to Sell the Property

Patrick Fox

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

Last Buyer's Agent

Jessica Tiernan

Realty87

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6

Year Built

  • Built in 2023 | New Construction

HOA Fees

  • $225 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,511 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Great Room with Fireplace
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Laundry Room
  • Laundry on upper level

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Patio
  • Cul-De-Sac

Community Details

  • Built by DR HORTON

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 12201780020000

Property Details

Home Type

Condominium

Est. Annual Taxes

$6

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$225 per month

Parking

2

Listing Details

  • Association Fee Frequency: Monthly
  • Property Type: Residential
  • Property Sub-Type: Condominium
  • ResoLaundryFeatures: Upper Level
  • ResoLotFeatures: Cul-De-Sac
  • Lot Size Acres: 0.07
  • NAV29_Unit_1_Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, See Remarks
  • ResoSecurityFeatures: Security System
  • Co List Office Phone: 319-281-0052
  • MLS Status: Closed
  • Directions: From Highway 100/Collins Rd, exit onto Covington Rd. Head North on Covington Rd until 1st St. Turn onto 1st St and follow into Palo Marsh Rd. Continue to Oak Dr and turn left onto Oak Dr into the community
  • Above Grade Finished Sq Ft: 1511.0
  • Architectural Style: Two Story
  • Reso Interior Features: Eat-in Kitchen, See Remarks, Upper Level Primary
  • Unit Levels: Two
  • New Construction: Yes
  • ResoRoomType: Laundry
  • Year Built: 2023
  • Property Sub Type Additional: Condominium,Townhouse
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Basement: No
  • Fireplace Features: Electric, Great Room
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Stories: 2

Exterior Features

  • Home Warranty: Yes
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Sewer: Public Sewer
  • Green Building Features: See Remarks
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 225.0
  • Association: Yes

Schools

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

Lot Info

  • Lot Dimensions: 3049
  • ResoLotSizeUnits: Acres
  • Parcel Number: 12201780020000
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: DR HORTON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Apr 23, 2025
Sold by
Dr Horton-Iowa Llc
Bought by
Tippie Drew Edward
Seller's Agent
Patrick Fox
DRH Realty Of Iowa, LLC
Buyer's Agent
Jessica Tiernan
Realty87
List Price
$239,990
Sold Price
$191,990
Premium/Discount to List
-$48,000
-20%
Views
158
Current Estimated Value
$209,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,509
Avg. Annual Appreciation
20.05%
Original Mortgage
$193,929
Outstanding Balance
$193,929
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$11,865
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $192,000 River Ridge Escrow
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $193,929 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $191,990 +1.1% $127 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
11/19/2024 11/19/24 Price Changed $189,990 -7.3% $126 / Sq Ft
12/21/2023 12/21/23 Price Changed $204,990 -6.8% $136 / Sq Ft
10/31/2023 10/31/23 Price Changed $219,990 -3.1% $146 / Sq Ft
07/25/2023 07/25/23 Price Changed $226,990 -5.4% $150 / Sq Ft
03/08/2023 03/08/23 For Sale $239,990 -- $159 / 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 $6 $209,000 $9,700 $199,300
2023 $6 $112,600 $9,700 $102,900
2022 $600 $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: 2301435

Cedar Rapids Area Association of REALTORS®

APN: 12201-77020-00000