NOT LISTED FOR SALE

1223 40th Street Ct NW Cedar Rapids, IA 52405

Estimated Value: $311,000 - $348,000

4 Beds
2.5 Baths
2,308 Sq Ft
$141/Sq Ft Est. Value

Last Sold July 07, 2021

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

Est. 20% increase in value since last sale

Current estimated payment $2,095/month

3 Days on Market

Highlights

  • Sauna
  • Deck
  • Vaulted Ceiling
  • Boyle County Middle 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

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
$325,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,685
Avg. Annual Appreciation
4.15%
Original Mortgage
$232,000
Outstanding Balance
$210,047
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$115,638

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Listed On Document
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 List to Sale Price per Sq Ft
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

    181 Total Sales

    Meagan Bennett
    Section Image

  • B

    Buyer's Agent in 2021

    Brian Hoel

    SKOGMAN REALTY

    (641) 424-4381

    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

Not Listed for Sale

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