NOT LISTED FOR SALE

1481 Tower Ln NE Unit 2 Cedar Rapids, IA 52402

Estimated Value: $155,000 - $181,000

2 Beds
1.5 Baths
1,405 Sq Ft
$120/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $142,000 $101 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,263/month

Highlights

  • Deck
  • Forced Air Cooling System
  • Living Room
  • Westfield Elementary School Rated A
  • Breakfast Bar

About This Home

As of August 2021

This home is located at 1481 Tower Ln NE Unit 2, Cedar Rapids, IA 52402 since 16 July 2021 and is currently estimated at $168,997, approximately $120 per square foot. This property was built in 2004. 1481 Tower Ln NE Unit 2 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

PJ McInerney

Pinnacle Realty LLC Listed on: 07/16/2021

Pinnacle Realty LLC

Co-Listed By

Jackie Karamitros

Pinnacle Realty LLC

Last Buyer's Agent

Jason Naakktgeboren

Pinnacle Realty LLC

Pinnacle Realty LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,801

Year Built

  • 2004

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Living Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Community Details

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,801

Year Built

2004

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Style: 2 Stories, Townhouse
  • Above Grade Finished Sq Ft: 1092
  • Association Fee Frequency: Month
  • Association Management: By Association
  • Total Bathrooms: 1.10
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 1st Floor
  • Dining Features: Breakfast Bar
  • Gross Tax: 2801
  • List User Cell Phone: 319-775-3040
  • Low Lvl Fin Sq Ft: 313
  • Miscellaneous: Cable Ready, Deck
  • Net Tax: 2801
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.02899
  • Ratio Close Price By Original Li: 1.02899
  • Ratio Current Price By Sq Ft: 130.04
  • Total Sq Ft: 1405
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2004

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 2nd Floor Laundry, Living Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms Level 2: 2
  • Level 2 Full Bathrooms: 1
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Room Count: 5

Exterior Features

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

Garage/Parking

  • Garage/Parking: 1 Car
  • Garage Size: 12X20

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry In Unit, Lawncaresnowremovalincluded
  • Association Fee: 150
  • Association: Yes

Schools

  • Elementary School: Westfield
  • Middle School: Oak Ridge
  • High School: Linn Mar

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed, Pet Weight Limit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 27, 2021
Sold by
Mohling Lora M
Bought by
Chiafos Kelly
Seller's Agent
PJ McInerney
Pinnacle Realty LLC
Buyer's Agent
Jason Naakktgeboren
Pinnacle Realty LLC
List Price
$138,000
Sold Price
$142,000
Premium/Discount to List
$4,000
2.9%
Current Estimated Value
$168,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,997
Avg. Annual Appreciation
4.36%
Original Mortgage
$112,000
Outstanding Balance
$101,912
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$67,085

Purchase Details

Closed on
Jun 6, 2006
Sold by
Jerrys Homes Inc
Bought by
Mohling Lora M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,960
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage
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
Chiafos Kelly $142,000 None Available
Mohling Lora M $109,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiafos Kelly $112,000
Previous Owner Mohling Lora M $87,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $142,000 +2.9% $101 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $138,000 -- $98 / 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 $2,604 $155,900 $23,000 $132,900
2024 $2,974 $153,400 $20,000 $133,400
2023 $2,974 $143,400 $20,000 $123,400
2022 $2,440 $139,000 $20,000 $119,000
2021 $2,394 $119,200 $18,000 $101,200
2020 $2,394 $110,600 $15,000 $95,600
2019 $2,216 $103,900 $15,000 $88,900
2018 $2,156 $103,900 $15,000 $88,900
2017 $2,278 $107,900 $7,000 $100,900
2016 $2,073 $92,700 $7,000 $85,700
2015 $2,267 $101,205 $7,000 $94,205
2014 $2,072 $101,205 $7,000 $94,205
2013 $1,998 $101,205 $7,000 $94,205
Source: Public Records

Agents Affiliated with this Home

  • PJ McInerney

    Seller's Agent in 2021

    PJ McInerney

    Pinnacle Realty LLC

    (319) 393-0900

    86 Total Sales

    PJ McInerney
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jackie Karamitros

    Pinnacle Realty LLC

    (319) 777-2077

    64 Total Sales

    Jackie Karamitros
    Section Image

  • J

    Buyer's Agent in 2021

    Jason Naakktgeboren

    Pinnacle Realty LLC

    (319) 270-1084

    107 Total Sales

    Jason Naakktgeboren
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2104837

Cedar Rapids Area Association of REALTORS®

APN: 11342-56004-01017

Iowa Linn County Cedar Rapids 52402

1481 Tower Ln NE Unit 2, Cedar Rapids, IA

This home is located at 1481 Tower Ln NE Unit 2, Cedar Rapids, IA 52402 since 16 July 2021 and is currently estimated at $168,997, approximately $120 per square foot. This property was built in 2004. 1481 Tower Ln NE Unit 2 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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