NOT LISTED FOR SALE

1223 40th Street Ct NW Cedar Rapids, IA 52405

Estimated Value: $317,000 - $346,000

4 Beds
2.5 Baths
2,308 Sq Ft
$142/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $272,000 $118 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,125/month

3 Days on Market

Highlights

  • Sauna
  • Deck
  • Vaulted Ceiling
  • John F. Kennedy High School Rated A-
  • Recreation Room
  • Ranch Style House

About This Home

As of July 2021

Come check out this well maintained, move-in-ready ranch home located at the end of a cul-de-sac. As you walk in the door, you can’t help but notice the nice open floor plan with tall vaulted ceilings. The main level includes the kitchen with new stainless-steel appliances & a breakfast bar, cozy living room with fireplace, master suite with walk-in closet & full bathroom, 2 additional bedrooms & additional full bath, laundry, built-in lockers by the garage, oversized 2 stall attached garage, & a composite deck overlooking the backyard. There is also an amazing finished space between the garage & house that everyone would love to have as it would make the perfect mudroom or could be used for so many other things. This room leads out to a second deck, used for grilling purposes. The finished lower level offers 1 bedroom, ½ bath, a large rec room with beautiful built-in shelving, & bonus…a sauna, making it a spa like space.

Last Agent to Sell the Property

Meagan Bennett

COLDWELL BANKER LEE'S TOWN and COUNTRY Listed on: 05/25/2021

COLDWELL BANKER LEE'S TOWN and COUNTRY

Last Buyer's Agent

Brian Hoel

SKOGMAN REALTY

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,957

Year Built

  • 2002

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 115 x 135
  • Cul-De-Sac

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Vaulted Ceiling
  • Gas Fireplace
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Sauna
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,957

Year Built

2002

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.3380
  • Above Grade Finished Sq Ft: 1436
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.10
  • Lower Level Bedroom: 1
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Kitchen/Dining Combo
  • Gross Tax: 4957
  • List User Cell Phone: 319-693-1592
  • Low Lvl Fin Sq Ft: 872
  • Miscellaneous: Deck, Sauna, Vaulted Ceiling
  • Net Tax: 4768
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.02642
  • Ratio Close Price By Original Li: 1.02642
  • Ratio Current Price By Sq Ft: 189.42
  • Total Sq Ft: 2308
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Appliances Included: Dishwasher, Dryer, Garage Door Opener, Hood Fan, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, 4 Seasons, Rec Room
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms Level 1: 3
  • Fireplace Features: Built In, Gas
  • Level 1 Full Bathrooms: 2
  • Lower Level Half Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Site Description: Cul-De-Sac

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Attached

Utilities

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

Schools

  • Elementary School: Jackson
  • Middle School: Taft
  • High School: Kennedy

Lot Info

  • Lot Size: 115 X 135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jul 4, 2021
Sold by
Off Jimmy A and Off Therese A
Bought by
Hornung Zachary B and Hornung Erin E
Seller's Agent
Meagan Bennett
COLDWELL BANKER LEE'S TOWN and COUNTRY
Buyer's Agent
Brian Hoel
SKOGMAN REALTY
List Price
$265,000
Sold Price
$272,000
Premium/Discount to List
$7,000
2.64%
Current Estimated Value
$327,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,827
Avg. Annual Appreciation
4.51%
Original Mortgage
$232,000
Outstanding Balance
$210,504
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$117,323

Purchase Details

Closed on
Apr 24, 2001
Sold by
Loney Brian T
Bought by
Off Jimmy A and Off Therese A
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Hornung Zachary B $272,000 None Available
Off Jimmy A $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hornung Zachary B $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Sold $272,000 +2.6% $118 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $265,000 -- $115 / 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 $4,648 $292,300 $59,000 $233,300
2024 $5,160 $295,000 $59,000 $236,000
2023 $5,160 $273,100 $59,000 $214,100
2022 $4,712 $253,500 $45,900 $207,600
2021 $5,002 $236,400 $45,900 $190,500
2020 $5,002 $235,300 $45,900 $189,400
2019 $4,768 $229,700 $41,500 $188,200
2018 $4,632 $229,700 $41,500 $188,200
2017 $4,412 $211,100 $41,500 $169,600
2016 $4,487 $211,100 $41,500 $169,600
2015 $4,445 $208,891 $26,022 $182,869
2014 $4,260 $208,891 $26,022 $182,869
2013 $4,350 $208,891 $26,022 $182,869
Source: Public Records

Agents Affiliated with this Home

  • Meagan Bennett

    Seller's Agent in 2021

    Meagan Bennett

    COLDWELL BANKER LEE'S TOWN and COUNTRY

    (319) 693-1592

    182 Total Sales

    Meagan Bennett
    Section Image

  • B

    Buyer's Agent in 2021

    Brian Hoel

    SKOGMAN REALTY

    33 Total Sales

    Brian Hoel
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2103478

Cedar Rapids Area Association of REALTORS®

APN: 13244-28033-00000

Iowa Linn County Cedar Rapids 52405

1223 40th Street Ct NW, Cedar Rapids, IA

This home is located at 1223 40th Street Ct NW, Cedar Rapids, IA 52405 since 25 May 2021 and is currently estimated at $327,827, approximately $142 per square foot. This property was built in 2002. 1223 40th Street Ct NW is a home located in Linn County with nearby schools including Maple Grove Elementary School, Taft Middle School, and John F. Kennedy High 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.

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