NOT LISTED FOR SALE

1201 Summit Ave SW Cedar Rapids, IA 52404

Estimated Value: $255,000 - $314,000

3 Beds
2 Baths
2,129 Sq Ft
$131/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $251,000 $118 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,772/month

5 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 4 Car Garage
  • Forced Air Cooling System
  • Formal Dining Room
  • Eat-In Kitchen
  • Patio

About This Home

As of November 2023

Discover this hidden gem on the outskirts of Cedar Rapids, a property that boasts an impressive 4.25 acres of land - a true rarity in this area. Lived in and loved for well over 30 years. Enjoy breathtaking views and the serene atmosphere of a location perched right above the river, adjacent to a scenic bike and walking trail, just off of C St SW.

The house itself provides ample space, with over 1700 square feet above grade. It also features an attached garage spanning 600 square feet, while a detached 24 X 42 garage provides additional storage and versatility.

Inside, you'll find three spacious bedrooms and two well-appointed bathrooms. The large living room is adorned with numerous windows, allowing natural light to flood the space while offering stunning vistas of the surroundings. The generously sized eat-in kitchen is perfect for creating culinary delights and enjoying meals with family and friends.

Please note that this property is available through a POA sale, exempt from disclosure, and is being sold 'AS IS. Prospective buyers are encouraged to verify property taxes and the finished square footage themselves, ensuring peace of mind as you embark on this unique real estate opportunity. Appliances in the house are all included, will not be removed and no guaranty. Assessor's site has notes of permits for the roof had a penetration from a pear tree, was professionally repaired with shingles that were left from when roof was done in 2016. ***Please be respectful and do not walk the property without a confirmed appointment***

Last Agent to Sell the Property

Jill Monnahan

SKOGMAN REALTY Listed on: 10/27/2023

SKOGMAN REALTY

Co-Listed By

Jacey Slaton

SKOGMAN REALTY

Last Buyer's Agent

Joshua Bass

INTREPID REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,455

Year Built

  • 1900

Lot Details

  • 4.25

Parking

  • 4 Car Garage

Home Design

  • Frame Construction

Interior Spaces

  • 1.5-Story Property
  • Formal Dining Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Additional Features

  • Patio
  • 4.25 Acre Lot

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,455

Year Built

1900

Lot Details

0

Listing Details

  • Style: 1.5 Story
  • Acres: 4.2500
  • Above Grade Finished Sq Ft: 1765
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen, Formal Dining
  • Gross Tax: 4455
  • List User Cell Phone: 319-981-1409
  • Low Lvl Fin Sq Ft: 364
  • Miscellaneous: Patio
  • Net Tax: 4267
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00400
  • Ratio Close Price By Original Li: 1.00400
  • Ratio Current Price By Sq Ft: 142.21
  • Total Sq Ft: 2129
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Bedrooms Level 2: 1
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: In-Town Acrg

Exterior Features

  • Construction Methods: Frame
  • Exterior: Steel

Garage/Parking

  • Garage/Parking: 4 Or More Cars, Attached, Detached

Utilities

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

Schools

  • Elementary School: Grant
  • Middle School: Wilson
  • High School: Jefferson

Lot Info

  • Lot Size: 4.25 AC.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 24, 2023
Sold by
Snyder Lila F
Bought by
Capital B Llc
Seller's Agent
Jill Monnahan
SKOGMAN REALTY
Buyer's Agent
Joshua Bass
INTREPID REAL ESTATE
List Price
$250,000
Sold Price
$251,000
Premium/Discount to List
$1,000
0.4%
Views
50
Current Estimated Value
$278,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,779
Avg. Annual Appreciation
5.90%
Original Mortgage
$320,000
Outstanding Balance
$311,881
Interest Rate
7.63%
Mortgage Type
Construction
Estimated Equity
-$33,102
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Capital B Llc $251,000 None Listed On Document
Capital B Llc $251,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capital B Llc $320,000
Closed Capital B Llc $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $251,000 +0.4% $118 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $250,000 -- $117 / 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
2025 $3,526 $77,800 $59,200 $18,600
2024 $3,526 $224,500 $59,600 $164,900
2023 $3,526 $211,200 $59,600 $151,600
2022 $2,952 $179,400 $59,600 $119,800
2021 $3,112 $154,900 $53,100 $101,800
2020 $3,112 $152,900 $53,100 $99,800
2019 $3,032 $152,400 $53,100 $99,300
2018 $2,942 $152,400 $53,100 $99,300
2017 $3,247 $156,100 $53,100 $103,000
2016 $3,247 $156,100 $53,100 $103,000
2015 $3,243 $155,714 $53,125 $102,589
2014 $3,058 $155,714 $53,125 $102,589
2013 $2,986 $155,714 $53,125 $102,589
Source: Public Records

Agents Affiliated with this Home

  • Jill Monnahan

    Seller's Agent in 2023

    Jill Monnahan

    SKOGMAN REALTY

    (319) 981-1409

    206 Total Sales

    Jill Monnahan
    Section Image
  • Jacey Slaton

    Seller Co-Listing Agent in 2023

    Jacey Slaton

    SKOGMAN REALTY

    (319) 551-2361

    144 Total Sales

    Jacey Slaton
    Section Image

  • J

    Buyer's Agent in 2023

    Joshua Bass

    INTREPID REAL ESTATE

    (319) 533-1872

    19 Total Sales

    Joshua Bass
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2306832

Cedar Rapids Area Association of REALTORS®

APN: 14344-02001-00000

Iowa Linn County Cedar Rapids 52404

1201 Summit Ave SW, Cedar Rapids, IA

This home is located at 1201 Summit Ave SW, Cedar Rapids, IA 52404 since 27 October 2023 and is currently estimated at $278,779, approximately $130 per square foot. This property was built in 1900. 1201 Summit Ave SW is a home located in Linn County with nearby schools including Wilson Middle School, Thomas Jefferson High School, and Tanager Place School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes