$281,990
SOLD NOV 4, 2024

111 Sumac Dr Palo, IA 52324

3 Beds
2 Baths
1,498 Sq Ft
0.25 Acres

Recently Sold

$188 Per Sq Ft

6% Below List Price

175 Days on Market

Highlights

  • New Construction
  • Ranch Style House
  • Patio
  • John F. Kennedy High School Rated A-
  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of November 2024

*MOVE-IN READY!* D.R. Horton, America’s Builder, presents the Hamilton. This spacious Ranch home includes 3 Bedrooms and 2 Bathrooms. As you make your way into the main living area, you’ll find an open Great Room featuring a cozy fireplace. The Gourmet Kitchen includes a Walk-In Pantry, Quartz Countertops, and a Large Island overlooking the Dining and Great Room. The Primary Bedroom offers a large Walk-In Closet, as well as an ensuite bathroom with dual vanity sink and walk-in shower. Two additional Large Bedrooms and the second full Bathroom are split from the Primary Bedroom at the opposite side of the home. All D.R. Horton Iowa homes include our America’s Smart Home™ Technology and comes with an industry-leading suite of smart home products. Video doorbell, garage door control, lighting, door lock, thermostat, and voice - all controlled through one convenient app! Also included are DEAKO® decorative plug-n-play light switches with smart switch capability. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

Last Agent to Sell the Property

Kathryn Greer

DRH Realty Of Iowa, LLC Listed on: 04/16/2024

DRH Realty Of Iowa, LLC

Last Buyer's Agent

Joelle Henley

Pinnacle Realty LLC

Pinnacle Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20

Year Built

  • Built in 2024 | New Construction

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Vinyl Siding
  • Stone

Interior Spaces

  • 1,498 Sq Ft Home
  • Electric Fireplace
  • Great Room with Fireplace
  • Basement

Kitchen

  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

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

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
  • Assessor Parcel Number 122018000200000

Home Details

Home Type

Single Family

Est. Annual Taxes

$20

Year Built

Built in 2024 | New Construction

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
  • Lot Size Acres: 0.25
  • NAV29_Unit_1_Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, 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 onto Palo Marsh Rd. Continue to Sumac Dr and turn left onto Sumac Dr into the community.
  • Above Grade Finished Sq Ft: 1498.0
  • Architectural Style: Ranch
  • Reso Interior Features: Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary, See Remarks
  • New Construction: Yes
  • ResoRoomType: Family Room, Recreation
  • Year Built: 2024
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Basement: Concrete, See Remarks
  • Basement: Yes
  • Fireplace Features: Electric, Insert, Great Room, See Remarks
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage, See Remarks, Garage Door Opener

Utilities

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

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: 10890
  • ResoLotSizeUnits: Acres
  • Parcel Number: 122018000200000
  • ResoLotSizeUnits: Acres

Building Info

  • Builder Name: DR HORTON

Ownership History

Date Name Owned For Owner Type

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
12.26%
Original Mortgage
$181,990
Interest Rate
6.09%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $282,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $371,406 Construction
Closed $181,990 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 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
2023 $20 $2,800 $2,800 $0
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: 2402565

Cedar Rapids Area Association of REALTORS®

APN: 12201-80002-00000