NOT LISTED FOR SALE

117 Teakwood Ln NE Cedar Rapids, IA 52402

Estimated Value: $451,000 - $524,000

5 Beds
3.5 Baths
3,939 Sq Ft
$124/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $359,200 $91 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,248/month

61 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Great Room with Fireplace
  • Oak Ridge School Rated A-
  • Vaulted Ceiling
  • Den

About This Home

As of September 2016

Magnificent, like new, 2-story backing up to timber and greenspace. The park-like backyard implores tons of possibilities. The grand foyer greets you with open staircase, tile floors and access to the formal living room or great room area. The large kitchen features cherry stained cabinetry, island, breakfast bar, planning desk, pantry, and access to the sunken sunroom overlooking the gorgeous yard. Entertain all your guests in the decked out lower level with raised seating, 3 mounted TVs, and wet bar with granite counters. The 5th bedroom currently acts as a workout room. The 2nd floor features 4 large bedrooms including the massive master suite with vaulted ceilings, double vanity, tile shower, tub, and walk-in closet. Other features include hardwood floors, irrigation system, lower level sound system, built-in cabinetry, gas fireplace, 1st floor office with vaulted ceilings, large mudroom/laundry room with built-in lockers, main level 1/2 bath, 3-stall garage, daylight windows, and a remodeled deck. Located on a quiet culdesac in a prime NE neighborhood and location that is close to everything. Call today!

Last Agent to Sell the Property

Stefan Doerrfeld

Twenty40 Real Estate + Development Listed on: 06/01/2016

Last Buyer's Agent

Kathleen Klarenbeek

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,771

Year Built

  • 2002

Lot Details

  • 0.28 Acre Lot
  • Cul-De-Sac
  • Irrigation
  • Wooded Lot

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Sound System
  • Vaulted Ceiling
  • Gas Fireplace
  • Great Room with Fireplace
  • Family Room
  • Formal Dining Room
  • Den
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Primary bedroom located on second floor

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,771

Year Built

2002

Lot Details

0

Listing Details

  • Style: 2 Stories
  • Acres: 0.2800
  • Above Grade Finished Sq Ft: 2804
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.10
  • Lower Level Bedroom: 1
  • Total Bedrooms: 5
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Formal Dining
  • Gross Tax: 6771
  • List User Cell Phone: 319-361-3881
  • Low Lvl Fin Sq Ft: 1135
  • Miscellaneous: Cable Ready, Deck, Irrigation System, Satellite Dish, Sound System, Vaulted Ceiling
  • Net Tax: 6756
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.95787
  • Ratio Close Price By Original Li: 0.95787
  • Ratio Current Price By Sq Ft: 128.10
  • Total Sq Ft: 3939
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Gas
  • Additional Room: 1st Floor Family, 1st Floor Laundry, 4 Seasons, Den/Study, Great Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms Level 2: 4
  • Fireplace Features: Built In, Gas, Great Room
  • Level 2 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Site Description: Cul-De-Sac, Wooded

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Stone, Vinyl

Garage/Parking

  • Garage/Parking: 3 Cars, Attached
  • Garage Size: 3Stall

Utilities

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

Schools

  • Elementary School: Bowman Woods
  • Middle School: Excelsior
  • High School: Linn Mar

Lot Info

  • Lot Size: see rmrks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2016
Closed on
Sep 1, 2016
Sold by
Honkamp Christopher J
Bought by
Pallu Sravan K and Baddam Sravanthi
Seller's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
Buyer's Agent
Kathleen Klarenbeek
SKOGMAN REALTY
List Price
$375,000
Sold Price
$359,200
Premium/Discount to List
-$15,800
-4.21%
Total Days on Market
61
Current Estimated Value
$486,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,455
Avg. Annual Appreciation
3.36%
Original Mortgage
$323,280
Interest Rate
3.43%
Mortgage Type
Closed End Mortgage

Purchase Details

Closed on
Nov 22, 2005
Sold by
Honkomp Christopher J and Zernov Tina M
Bought by
Honkomp Christopher J

Purchase Details

Closed on
Jul 14, 2004
Sold by
Tan Indra and Yeoh Eng Kim
Bought by
Honkomp Christopher J and Zernov Tina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,800
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2003
Sold by
Midwest Development Co
Bought by
Tan Indra and Yeoh Eng Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,800
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Pallu Sravan K -- None Available
Honkomp Christopher J -- --
Honkomp Christopher J $335,500 --
Tan Indra $333,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pallu Sravan K $330,000
Closed Pallu Sravan K $323,280
Previous Owner Honkomp Christopher J $75,000
Previous Owner Honkomp Christopher J $500,000
Previous Owner Honkomp Christopher J $75,000
Previous Owner Honkomp Christopher J $227,000
Previous Owner Honkomp Christopher J $257,000
Previous Owner Honkomp Christopher J $75,000
Previous Owner Honkomp Christopher J $268,800
Previous Owner Tan Indra $268,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2016 09/02/16 Sold $359,200 -4.2% $91 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $375,000 -- $95 / 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 $7,996 $416,200 $73,900 $342,300
2022 $7,420 $358,700 $67,200 $291,500
2021 $7,764 $344,100 $67,200 $276,900
2020 $7,764 $339,300 $67,200 $272,100
2019 $7,260 $321,000 $58,200 $262,800
2018 $6,946 $321,000 $58,200 $262,800
2017 $6,765 $305,900 $53,700 $252,200
2016 $6,765 $302,400 $53,700 $248,700
2015 $6,570 $312,987 $53,736 $259,251
2014 $6,814 $312,987 $53,736 $259,251
2013 $6,584 $312,987 $53,736 $259,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1605728

Cedar Rapids Area Association of REALTORS®

APN: 11353-77017-00000