NOT LISTED FOR SALE

1480 Tower Ln NE Unit 3 Cedar Rapids, IA 52402

Estimated Value: $209,000 - $233,000

2 Beds
2 Baths
1,167 Sq Ft
$90/mo HOA Fee

Last Sold April 04, 2016

Last sale price $134,000 $115 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,563/month

65 Days on Market

Highlights

  • Ranch Style House
  • Great Room
  • Cul-De-Sac
  • Westfield Elementary School Rated A
  • Formal Dining Room
  • 2 Car Attached Garage

About This Home

As of April 2016

Absolutely immaculate! Gorgeous ranch condo in prime location close to Rockwell, restaurants, shopping, parks, and more! Large kitchen with tons of cabinets, built-in shelving, pantry, and breakfast bar. Formal dining area, main floor laundry, large living room with access to the rear patio, master bedroom with dual closets and private bathroom. Enjoy the huge, open lower level that's either ready to finish or ready to utilize - great for storage, recreation, a toy room, or all three! 2 stall attached garage plus plenty of guest parking. Truly one of, if not, the cleanest, well-cared for condos on the market! Don't delay!

Last Agent to Sell the Property

Stefan Doerrfeld

Twenty40 Real Estate + Development Listed on: 12/24/2015

Last Buyer's Agent

Stefan Doerrfeld

Twenty40 Real Estate + Development Listed on: 12/24/2015

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,776

Year Built

  • 2006

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,167 Sq Ft Home
  • Great Room
  • Family Room
  • Formal Dining Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Additional Features

  • Patio
  • Cul-De-Sac

Community Details

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,776

Year Built

2006

Lot Details

0

HOA Fees

$90 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1167
  • Association Fee Frequency: Month
  • Association Management: By Association
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Formal Dining
  • Gross Tax: 2776
  • List User Cell Phone: 319-361-3881
  • Miscellaneous: Cable Ready, Patio
  • Net Tax: 2581
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.95783
  • Ratio Close Price By Original Li: 0.92414
  • Ratio Current Price By Sq Ft: 114.82
  • Total Sq Ft: 1167
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Water Heater – Gas, Water Softener - Own
  • Additional Room: 1st Floor Family, 1st Floor Laundry, Great Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: Cul-De-Sac

Exterior Features

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

Garage/Parking

  • Garage/Parking: 2 Cars, Attached
  • Garage Size: 2Stall

Utilities

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

Condo/Co-op/Association

  • Association Fee: 90
  • Association: Yes

Schools

  • Elementary School: Linn Grove
  • Middle School: Excelsior
  • High School: Linn Mar

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed, Pet Weight Limit, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2020
Sold by
Pennington Ronald E and Pennington Shelly L
Bought by
Stark Kim R
Current Estimated Value
$219,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,750
Outstanding Balance
$133,628
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$86,085

Purchase Details

Listed on
Dec 24, 2015
Closed on
Mar 31, 2016
Sold by
Zitelman Chelsey and Zitelman Nick
Bought by
Pennington Ronald E and Pennington Shelly L
Seller's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
Buyer's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
List Price
$145,000
Sold Price
$134,000
Premium/Discount to List
-$11,000
-7.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Apr 9, 2011
Sold by
Jrg Properties Llc
Bought by
Courtnage Chelsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,055
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2009
Sold by
Jerrys Homes Inc
Bought by
Jrg Properties Llc
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
Stark Kim R $167,500 None Available
Pennington Ronald E -- None Available
Courtnage Chelsey $128,500 None Available
Jrg Properties Llc $127,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stark Kim R $150,750
Previous Owner Courtnage Chelsey $116,055
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2016 04/04/16 Sold $134,000 -7.6% $115 / Sq Ft
02/27/2016 02/27/16 Pending -- -- --
12/24/2015 12/24/15 For Sale $145,000 -- $124 / 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 $3,750 $191,400 $23,000 $168,400
2024 $3,840 $191,400 $20,000 $171,400
2023 $3,840 $191,400 $20,000 $171,400
2022 $3,710 $168,000 $20,000 $148,000
2021 $2,946 $167,600 $18,000 $149,600
2020 $2,946 $134,100 $18,000 $116,100
2019 $2,884 $132,700 $18,000 $114,700
2018 $2,590 $132,700 $18,000 $114,700
2017 $2,773 $128,300 $7,000 $121,300
2016 $2,773 $124,000 $7,000 $117,000
2015 $2,993 $133,668 $7,000 $126,668
2014 $2,798 $133,668 $7,000 $126,668
2013 $2,700 $133,668 $7,000 $126,668
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Stefan Doerrfeld

    Twenty40 Real Estate + Development

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1592087

Cedar Rapids Area Association of REALTORS®

APN: 11342-57004-01016

Iowa Linn County Cedar Rapids 52402

1480 Tower Ln NE Unit 3, Cedar Rapids, IA

This home is located at 1480 Tower Ln NE Unit 3, Cedar Rapids, IA 52402 since 24 December 2015 and is currently estimated at $219,713, approximately $188 per square foot. This property was built in 2006. 1480 Tower Ln NE Unit 3 is a home located in Linn County with nearby schools including Westfield Elementary School, Oak Ridge School, and Linn-Mar 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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