$300,000
SOLD AUG 29, 2025

111 Sumac Dr Palo, IA 52324

3 Beds
2 Baths
1,493 Sq Ft
0.25 Acres

Recently Sold

$201 Per Sq Ft

2% Below List Price

29 Days on Market

Highlights

  • Deck
  • 3 Car Attached Garage
  • Patio
  • John F. Kennedy High School Rated A-
  • Breakfast Bar
  • Laundry Room

About This Home

As of August 2025

Welcome to your dream home at an affordable price! This beautifully constructed residence boasts an abundance of natural light and open floor plan that is perfect for modern living. Enjoy the generous living space filled with sunlight and a great floor plan with easy flow from room to room. The kitchen which is the heart of the of the home features a large pantry and gorgeous center island ideal for cooking and entertaining. The newly fenced yard provides a safe space for outdoor activities and the Charming front porch is the perfect spot to unwind in the evenings and to sip your morning coffee. The basement has been stubbed and started to be finished and is just waiting you to build equity or to make as a great rec room! Seller's are moving to be closer to family but this home offers the perfect blend of comfort, style and functionality in a sought-after location!

Last Agent to Sell the Property

Joelle Henley

Pinnacle Realty LLC Listed on: 07/17/2025

Pinnacle Realty LLC

Last Buyer's Agent

Tabatha Barnes

SKOGMAN REALTY

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,676

Year Built

  • Built in 2024

Lot Details

  • 0.25 Acre Lot
  • Fenced

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,493 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Family Room with Fireplace
  • Dining Area
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 122018000200000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,676

Year Built

Built in 2024

Lot Details

0

HOA Fees

$13 per month

Parking

3

Listing Details

  • Association Fee Frequency: Annually
  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • ResoLaundryFeatures: Main Level
  • Lot Size Acres: 0.252
  • NAV29_Unit_1_Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Washer
  • Co List Office Phone: 319-393-0900
  • MLS Status: Closed
  • Directions: From Blairs Ferry Rd, Turn N onto 1st St then W onto Sumac Dr
  • Above Grade Finished Sq Ft: 1493.0
  • Architectural Style: Ranch
  • Reso Interior Features: Breakfast Bar, Dining Area, Bath in Primary Bedroom, Main Level Primary, See Remarks
  • Unit Levels: One
  • New Construction: No
  • ResoRoomType: Family Room, Laundry
  • Year Built: 2024
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Concrete
  • Basement: Yes
  • Fireplace Features: Electric, Insert, Family Room
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Stories: 1

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Fence
  • Foundation Details: Poured
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage, Off Street, On Street, Garage Door Opener

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association Fee: 150.0
  • Association: Yes

Schools

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

Lot Info

  • Lot Dimensions: 0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 122018000200000

Tax Info

  • Tax Annual Amount: 4676.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2025
Closed on
Aug 28, 2025
Sold by
Lyman Jeffrey Lewis and Lyman Joni Mae
Bought by
Short Austin and Short Leah
Seller's Agent
Joelle Henley
Pinnacle Realty LLC
Buyer's Agent
Tabatha Barnes
SKOGMAN REALTY
List Price
$305,000
Sold Price
$300,000
Premium/Discount to List
-$5,000
-1.64%
Views
21
Current Estimated Value
$313,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,310
Avg. Annual Appreciation
11.46%
Original Mortgage
$60,000
Outstanding Balance
$42,350
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$270,960

Purchase Details

Listed on
Apr 16, 2024
Closed on
Nov 1, 2024
Sold by
Dr Horton-Iowa Llc
Bought by
Lyman Jeffrey Lewis and Lyman Joni Mae
Seller's Agent
Kathryn Greer
DRH Realty Of Iowa, LLC
Buyer's Agent
Joelle Henley
Pinnacle Realty LLC
List Price
$299,990
Sold Price
$281,990
Premium/Discount to List
-$18,000
-6%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%
Original Mortgage
$181,990
Interest Rate
6.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $300,000 None Listed On Document
Warranty Deed $282,000 None Listed On Document
Warranty Deed $282,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 New Conventional
Open $240,000 New Conventional
Previous Owner $181,990 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Sold $300,000 -1.6% $201 / Sq Ft
08/15/2025 08/15/25 Pending -- -- --
07/17/2025 07/17/25 For Sale $305,000 +8.2% $204 / Sq Ft
11/04/2024 11/04/24 Sold $281,990 -6.0% $188 / Sq Ft View Prior Sale
10/08/2024 10/08/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $299,990 -- $200 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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
2025 $42 $306,600 $28,400 $278,200
2024 $20 $2,800 $2,800 --
2023 $20 $2,800 $2,800 --
2022 $2,000 $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: 2506276

Cedar Rapids Area Association of REALTORS®

APN: 12201-80002-00000