NOT LISTED FOR SALE

1410 Tower Ln NE Cedar Rapids, IA 52402

Estimated Value: $348,037

1.85 Acres
$188,128 Price per Acre
80,586 Sq Ft Lot

Last Sold June 15, 2018

Last sale price $225,000

Est. 55% increase in value since last sale

Current estimated payment $2,645/month

361 Days on Market

About This Lot

As of June 2018

This home is located at 1410 Tower Ln NE, Cedar Rapids, IA 52402 since 20 April 2017 and is currently estimated at $348,037. 1410 Tower Ln NE is a home located in Linn County with nearby schools including Westfield Elementary School, Oak Ridge School, and Linn-Mar High School.

Last Agent to Sell the Property

Karen Mathison

Realty87 Listed on: 04/20/2017

Realty87

Last Buyer's Agent

Teri Fleming

Realty87

Realty87

Property Details

Property Type

  • Land

Lot Details

  • 1.85 Acre Lot
  • Level Lot

Utilities

  • Gas Available
  • Community Well

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Acres: 1.8500
  • City Name: Cedar Rapids
  • Current Zoning: RMF-2
  • Gross Tax: 5846
  • List User Cell Phone: 319-573-8106
  • Net Tax: 5846
  • Property Sub Types: Development Land
  • Property Type: Land/Lot/Farm
  • Ratio Close Price By List Price: 0.76271
  • Ratio Close Price By Original Li: 0.60000
  • Water Sewer Roads: City Water, Community Well, Paved
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Site Description: Level

Utilities

  • Utilities: Electric, Gas

Lot Info

  • Lot Size: 1.85 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2018
Sold by
Rathod Sandeep and Rathod Shital
Bought by
Tower Lane Llc
Current Estimated Value
$348,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
4.6%
Mortgage Type
Unknown

Purchase Details

Listed on
Apr 20, 2017
Closed on
Jun 13, 2018
Sold by
Fairfax State Savings Bank
Bought by
Rathod Sandeep
Seller's Agent
Karen Mathison
Realty87
Buyer's Agent
Teri Fleming
Realty87
List Price
$375,000
Sold Price
$225,000
Premium/Discount to List
-$150,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$168,750
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 22, 2017
Sold by
Rmft Investments Llc
Bought by
Fairfax State Savings Bank

Purchase Details

Listed on
Feb 1, 2008
Closed on
Sep 12, 2013
Sold by
Boyson Park Land Co Llc
Bought by
Capital Commercial Division Llc
Seller's Agent
Daniel Seda
Realty87
Buyer's Agent
Jim Angstman
Realty87
List Price
$245,787
Sold Price
$145,000
Premium/Discount to List
-$100,787
-41.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$185,000
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Tower Lane Llc $255,000 None Available
Rathod Sandeep $225,000 None Available
Fairfax State Savings Bank -- None Available
Capital Commercial Division Llc $145,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tower Lane Llc $237,000
Previous Owner Rathod Sandeep $168,750
Previous Owner Capital Commercial Division Llc $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2018 06/15/18 Sold $225,000 -40.0% --
04/16/2018 04/16/18 Pending -- -- --
04/20/2017 04/20/17 For Sale $375,000 +158.6% --
09/12/2013 09/12/13 Sold $145,000 -41.0% -- View Prior Sale
08/15/2013 08/15/13 Pending -- -- --
02/01/2008 02/01/08 For Sale $245,787 -- --
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 $9,766 $296,000 $296,000 --
2024 $9,942 $296,000 $296,000 --
2023 $9,942 $296,000 $296,000 $0
2022 $9,252 $296,000 $296,000 $0
2021 $11,088 $296,000 $296,000 $0
2020 $11,088 $296,000 $296,000 $0
2019 $10,872 $296,000 $296,000 $0
2018 $10,652 $296,000 $296,000 $0
2017 $6,194 $161,500 $161,500 $0
2016 $5,846 $161,500 $161,500 $0
2015 $5,928 $161,500 $161,500 $0
2014 $5,840 $161,500 $161,500 $0
2013 $6,335 $161,500 $161,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Mathison

    Seller's Agent in 2018

    Karen Mathison

    Realty87

    (319) 573-8106

    137 Total Sales

    Karen Mathison
    Section Image
  • Teri Fleming

    Buyer's Agent in 2018

    Teri Fleming

    Realty87

    (319) 491-6391

    111 Total Sales

    Teri Fleming
    Section Image
  • Daniel Seda

    Seller's Agent in 2013

    Daniel Seda

    Realty87

    (319) 431-1010

    266 Total Sales

    Daniel Seda
    Section Image
  • Jim Angstman

    Buyer's Agent in 2013

    Jim Angstman

    Realty87

    (319) 731-3430

    58 Total Sales

    Jim Angstman
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1703915

Cedar Rapids Area Association of REALTORS®

APN: 11342-57003-00000

Iowa Linn County Cedar Rapids 52402

1410 Tower Ln NE, Cedar Rapids, IA

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