NOT LISTED FOR SALE

1491 Tower Ln NE Unit 7 Cedar Rapids, IA 52402

Estimated Value: $154,000 - $181,620

2 Beds
1.5 Baths
1,542 Sq Ft
$125/mo HOA Fee

Last Sold July 07, 2020

Last sale price $124,000 $80 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,268/month

Highlights

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

About This Home

As of July 2020

This home is located at 1491 Tower Ln NE Unit 7, Cedar Rapids, IA 52402 since 07 July 2020 and is currently estimated at $165,905, approximately $107 per square foot. This property was built in 2004. 1491 Tower Ln NE Unit 7 is a home located in Linn County with nearby schools including Westfield Elementary School, Oak Ridge School, and Linn-Mar High School.

Last Buyer's Agent

Jeremy Johannes

Epique Realty

Epique Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,546

Year Built

  • 2004

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Living Room
  • Combination Kitchen and Dining 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

Outdoor Features

  • Deck

Utilities

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

Community Details

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,546

Year Built

2004

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Style: 2 Stories
  • 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
  • Dining Features: Breakfast Bar, Kitchen/Dining Combo
  • Gross Tax: 2546
  • Low Lvl Fin Sq Ft: 450
  • Miscellaneous: Cable Ready, Deck
  • Net Tax: 2546
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.96124
  • Ratio Close Price By Original Li: 0.96124
  • Ratio Current Price By Sq Ft: 113.55
  • Total Sq Ft: 1542
  • Transaction Type: Fsbo
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • 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, Attached
  • Garage Size: 1 Car

Utilities

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

Condo/Co-op/Association

  • Association Fee: 125
  • 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
Jul 7, 2020
Closed on
Jul 6, 2020
Sold by
Carver Eillie M
Bought by
Haynes Kalle
Buyer's Agent
Jeremy Johannes
Epique Realty
List Price
$129,000
Sold Price
$124,000
Premium/Discount to List
-$5,000
-3.88%
Current Estimated Value
$162,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,974
Avg. Annual Appreciation
5.47%
Original Mortgage
$117,800
Outstanding Balance
$105,433
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$57,281

Purchase Details

Listed on
Sep 26, 2017
Closed on
Nov 2, 2017
Sold by
Leahy Mitchell M and Leahy Lindsay
Bought by
Carver Ellie M
Seller's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
Buyer's Agent
Karl Hoffman
SKOGMAN REALTY COMMERCIAL
List Price
$116,500
Sold Price
$117,000
Premium/Discount to List
$500
0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.20%
Original Mortgage
$110,200
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2013
Sold by
Bank Of America Na
Bought by
Leahy Mitchell M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,720
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2013
Sold by
Steimel Lindsey A
Bought by
Bank Of America Na

Purchase Details

Closed on
Aug 11, 2008
Sold by
Cahalan Andrew F and Cahalan Melissa
Bought by
Steimel Lindsey A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,733
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2006
Sold by
Jerrys Homes Inc
Bought by
Cahalan Andrew F

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
6.34%
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
Haynes Kalle $124,000 None Available
Carver Ellie M $117,000 None Available
Leahy Mitchell M $76,000 None Available
Bank Of America Na $133,237 None Available
Steimel Lindsey A $113,000 None Available
Cahalan Andrew F $109,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haynes Kalle $117,800
Previous Owner Carver Ellie M $110,200
Previous Owner Leahy Mitchell M $60,720
Previous Owner Steimel Lindsey A $109,733
Previous Owner Cahalan Andrew $22,250
Previous Owner Cahalan Andrew F $87,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2020 07/07/20 Sold $124,000 -3.9% $80 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $129,000 +10.3% $84 / Sq Ft
11/07/2017 11/07/17 Sold $117,000 +0.4% $76 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
09/26/2017 09/26/17 For Sale $116,500 -- $76 / 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 $3,006 $144,800 $20,000 $124,800
2022 $2,582 $140,400 $20,000 $120,400
2021 $2,538 $125,600 $18,000 $107,600
2020 $2,538 $116,700 $15,000 $101,700
2019 $2,546 $109,600 $15,000 $94,600
2018 $2,350 $109,600 $15,000 $94,600
2017 $2,074 $107,900 $7,000 $100,900
2016 $2,074 $92,700 $7,000 $85,700
2015 $2,266 $101,205 $7,000 $94,205
2014 $2,266 $101,205 $7,000 $94,205
2013 $2,192 $101,205 $7,000 $94,205
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Johannes

    Buyer's Agent in 2020

    Jeremy Johannes

    Epique Realty

    (319) 253-2555

    188 Total Sales

    Section Image

  • S

    Seller's Agent in 2017

    Stefan Doerrfeld

    Twenty40 Real Estate + Development

    Section Image
  • Karl Hoffman

    Buyer's Agent in 2017

    Karl Hoffman

    SKOGMAN REALTY COMMERCIAL

    (319) 366-6427

    151 Total Sales

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2005141

Cedar Rapids Area Association of REALTORS®

APN: 11342-56004-01022

Iowa Linn County Cedar Rapids 52402

1491 Tower Ln NE Unit 7, Cedar Rapids, IA

This home is located at 1491 Tower Ln NE Unit 7, Cedar Rapids, IA 52402 since 07 July 2020 and is currently estimated at $165,905, approximately $107 per square foot. This property was built in 2004. 1491 Tower Ln NE Unit 7 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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