NOT LISTED FOR SALE

1485 Tower Ln NE Unit 3 Cedar Rapids, IA 52402

Estimated Value: $150,000 - $174,000

2 Beds
1.5 Baths
1,092 Sq Ft
$144/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $136,000 $125 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,186/month

Highlights

  • Deck
  • Wooded Lot
  • Forced Air Cooling System
  • Westfield Elementary School Rated A
  • 1 Car Attached Garage
  • Breakfast Bar

About This Home

As of May 2021

Beautiful move-in ready condo in convenient NE Cedar Rapids. Open floor plan features eat-in kitchen with luxury vinyl plank flooring and breakfast bar. Enjoy the comfortable living room with slider to deck overlooking the private, wooded (maintenance free!) backyard. Convenient powder room for entertaining. Upstairs, there is a master bedroom with walk-in closet and another large bedroom connected by a jack and jill bathroom with dual sinks and a convenient laundry closet. The unfinished basement with daylight egress window offers 450 sq ft of storage or room to expand. Close to shopping, I-380, Rockwell Collins and parks. Pets allowed - see covenants for details.

Last Agent to Sell the Property

Jim Zachar

Realty87 Listed on: 04/08/2021

Realty87

Last Buyer's Agent

Kathleen Cobler

RUHL & RUHL REALTORS®

RUHL & RUHL REALTORS®

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,478

Year Built

  • 2004

Lot Details

  • 8,712

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,092 Sq Ft Home
  • 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 Attached Garage
  • Garage Door Opener
  • Guest Parking
  • Off-Street Parking

Utilities

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

Additional Features

  • Deck
  • Wooded Lot

Community Details

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,478

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
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 1.10
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 1st Floor
  • Dining Features: Breakfast Bar
  • Gross Tax: 2478
  • List User Cell Phone: 319-389-0008
  • Miscellaneous: Cable Ready, Deck
  • Net Tax: 2276
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.01873
  • Ratio Close Price By Original Li: 1.04696
  • Ratio Current Price By Sq Ft: 124.54
  • Total Sq Ft: 1092
  • 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
  • Site Description: Wooded

Exterior Features

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

Garage/Parking

  • Garage/Parking: 1 Car, Attached, Guest Parking, Off Street Parking
  • 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, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 20, 2021
Sold by
Mccarville Megan Marie and Hansen Brett D
Bought by
Morris Miranda
Seller's Agent
Jim Zachar
Realty87
Buyer's Agent
Kathleen Cobler
RUHL & RUHL REALTORS®
List Price
$129,900
Sold Price
$136,000
Premium/Discount to List
$6,100
4.7%
Current Estimated Value
$157,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,399
Avg. Annual Appreciation
3.42%
Original Mortgage
$122,400
Outstanding Balance
$110,925
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$46,474

Purchase Details

Closed on
Jan 11, 2019
Sold by
Hudson Diane K
Bought by
Mccarville Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,800
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2012
Closed on
Nov 13, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hudson Diane K
Seller's Agent
Judi Mccoy
IOWA REALTY CORRIDOR
Buyer's Agent
Phil Murphy
IOWA REALTY
List Price
$108,000
Sold Price
$75,000
Premium/Discount to List
-$33,000
-30.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%
Original Mortgage
$60,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2011
Sold by
Houck Marilyn J
Bought by
Phh Mortgage Corporation

Purchase Details

Closed on
Aug 18, 2005
Sold by
Jerrys Homes Inc
Bought by
Houck Marilyn J

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
5.8%
Mortgage Type
Fannie Mae Freddie Mac
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
Morris Miranda $136,000 None Available
Mccarville Megan $118,500 Hewkeye Escrow Company
Hudson Diane K -- Security First Title Co
Phh Mortgage Corporation $91,677 None Available
Houck Marilyn J $109,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Miranda $122,400
Previous Owner Mccarville Megan $94,800
Previous Owner Hudson Diane K $60,000
Previous Owner Houck Marilyn J $87,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $136,000 +4.7% $125 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $129,900 +73.2% $119 / Sq Ft
12/14/2012 12/14/12 Sold $75,000 -30.6% $69 / Sq Ft
11/06/2012 11/06/12 Pending -- -- --
08/13/2012 08/13/12 For Sale $108,000 -- $99 / 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 $2,424 $146,000 $23,000 $123,000
2024 $2,770 $143,500 $20,000 $123,500
2023 $2,770 $134,200 $20,000 $114,200
2022 $2,576 $130,100 $20,000 $110,100
2021 $2,334 $116,400 $18,000 $98,400
2020 $2,334 $108,000 $15,000 $93,000
2019 $2,358 $101,500 $15,000 $86,500
2018 $2,290 $101,500 $15,000 $86,500
2017 $2,410 $105,200 $7,000 $98,200
2016 $2,023 $90,400 $7,000 $83,400
2015 $2,209 $98,620 $7,000 $91,620
2014 $2,014 $98,620 $7,000 $91,620
2013 $1,942 $98,620 $7,000 $91,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2102051

Cedar Rapids Area Association of REALTORS®

APN: 11342-56004-01018