NOT LISTED FOR SALE

1480 Tower Ln NE Unit 3 Cedar Rapids, IA 52402

Estimated Value: $210,000 - $226,000

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 $1,634/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 Listed By

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
Total Days on Market
65
Current Estimated Value
$219,730

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
$135,095
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$84,635

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
5.57%

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

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

Similar Homes in Cedar Rapids, IA

  • 6243 Muirfield Dr SW Unit 6243, Cedar Rapids, IA 52404

    $219,900

    • 3 Beds
    • 2.5 Baths
    • 1,704 Sq Ft
    • 6243 Muirfield Dr SW
    • Unit 6243
    • Cedar Rapids, IA

    SALE PENDING - Working through Contingencies - RARE Updated Condo backing to green space. Pets allowed (see policy). The walk out lower level is an opportunity for the next owner to add instant equity. Plus adds additional space for the unit to live even bigger! Updates include new carpet, refridgerator, oven/range, new microwave, new dishwasher, new kitchen hardware, new garage door, new siding

    Amy Bishop RE/MAX CONCEPTS

    Section Image
  • 1331 Grant Ct NE Unit B, Cedar Rapids, IA 52402

    $235,000

    • 3 Beds
    • 2.5 Baths
    • 1,752 Sq Ft
    • 1331 Grant Ct NE
    • Unit B
    • Cedar Rapids, IA

    This like-new property perfectly blends comfort and style, offering three bedrooms and two and a half bathrooms across a spacious 1,657 square feet of living space. Step inside to find a thoughtfully designed interior tailored for modern living. The living room features large windows that flood the space with natural light, creating a warm and inviting atmosphere—ideal for game nights or

    Doris Ackerman KW Advantage

    Section Image
  • 1325 Tower Ln NE, Cedar Rapids, IA 52402

    $215,000

    • 3 Beds
    • 2 Baths
    • 1,333 Sq Ft
    • 1325 Tower Ln NE
    • Cedar Rapids, IA

    This is one of those hidden gems on the NE side. Secluded and private would be the key words for this ranch condo. If you’re looking for that zero entry unit, look no more. This 3 bedroom, 2 bathroom unit has it all. Totally repainted from baseboard, walls to ceilings. Sellers currently use one of the bedrooms for their office, one for the spare bedroom, and the primary suite for themselves. The

    Cal Ernst COLDWELL BANKER HEDGES

    Section Image
  • 1616 Greens Way Ct NE Unit 1616, Cedar Rapids, IA 52402

    $265,000

    • 3 Beds
    • 3 Baths
    • 2,002 Sq Ft
    • 1616 Greens Way Ct NE
    • Unit 1616
    • Cedar Rapids, IA

    New big price reduction! Hard to find a nicer condo community than this. Location is everything, located on the NE side just off Council between Blairs Ferry and Boyson Roads, it's close to everything most people need. This small condo community has only one access point which encourages it's quiet atmosphere, while up against St Andrews golf course giving it an open feeling, still in the heart

    Robert Vander Veen SKOGMAN REALTY

    Section Image
  • 1023 Doubletree Ct NE Unit 1023, Cedar Rapids, IA 52402

    $210,000

    • 3 Beds
    • 2 Baths
    • 1,596 Sq Ft
    • 1023 Doubletree Ct NE
    • Unit 1023
    • Cedar Rapids, IA

    Amazing NE side location! Enjoy maintenance free living in this tastefully updated townhouse condo situated on a private drive in the desired Linn Mar School District! The main level boasts an open floor plan with huge vaulted family room with gas fireplace, kitchen and dining combo, primary and 2nd bedrooms with shared bath. The lower level features a living room with newer LVP flooring, third

    Jesse Grade SKOGMAN REALTY CORRIDOR

    Section Image
  • 1237 74th St NE, Cedar Rapids, IA 52402

    $215,000

    • 2 Beds
    • 2 Baths
    • 1,460 Sq Ft
    • 1237 74th St NE
    • Cedar Rapids, IA

    Beautifully Maintained Zero-Entry Condo in Prime NE Location!This one-owner corner unit has been meticulously cared for and is in excellent condition throughout. The home features updated hard surface flooring and a bright, open-concept kitchen with stunning white cabinetry, a spacious center island, and recently replaced stainless steel appliances. The vaulted ceilings and direct vent gas

    Daniel Seda COLDWELL BANKER HEDGES

    Section Image
  • 1153 74th St NE Unit 1153, Cedar Rapids, IA 52402

    $200,000

    • 2 Beds
    • 2 Baths
    • 1,430 Sq Ft
    • 1153 74th St NE
    • Unit 1153
    • Cedar Rapids, IA

    Located in a quiet, well-established neighborhood in NE Cedar Rapids and within the Linn-Mar School District, this beautifully updated and move-in ready condo offers bright, open one-level living with modern touches throughout. Freshly painted from top to bottom and featuring all-new flooring, the interior feels clean, fresh, and inviting.The kitchen is equipped with updated appliances and a

    Travis Ferguson KW Red Heartland

    Section Image
  • 1144 Crescent View Dr NE, Cedar Rapids, IA 52402

    $247,500

    • 4 Beds
    • 3.5 Baths
    • 2,110 Sq Ft
    • 1144 Crescent View Dr NE
    • Cedar Rapids, IA

    Under Assessed Value!Welcome to this beautifully maintained 4-bedroom, 3 1/2-bath home, offering spacious living and modern comforts. With nice size two-stall garage, you’ll have plenty of room for storage and vehicles. The home is move-in ready, making it ideal for a fast closing. Conveniently located, this home provides both style and functionality. Don’t miss out on the opportunity to make it

    Gary Doerrfeld COLDWELL BANKER HEDGES CORRIDOR

    Section Image
  • 815 Deer Run Dr NE, Cedar Rapids, IA 52402

    $269,900

    • 2 Beds
    • 2 Baths
    • 1,472 Sq Ft
    • 815 Deer Run Dr NE
    • Cedar Rapids, IA

    Welcome to this delightful 2-bedroom, 2-bath ranch-style condominium featuring an inviting open floor plan with vaulted ceilings. The kitchen offers a spacious island with breakfast bar and stainless appliances. Dining area sliders walk out to back deck. All flows seamlessly into the living room, complete with a gas fireplace with brick surround. The master bedroom includes a walk-in closet, dual

    Joni Long COLDWELL BANKER HEDGES

    Section Image
See All Homes in Cedar Rapids

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 Pennington Ronald E $44,600
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
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

  • Stefan Doerrfeld

    Seller's Agent in 2016

    Stefan Doerrfeld

    Twenty40 Real Estate + Development

    (319) 378-8760

    Section Image
See All Agents

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

Homes for Sale in 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 $219,730, 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.

Nearby Homes