1491 Tower Ln NE Unit 7 Cedar Rapids, IA 52402
2
Beds
1.5
Baths
1,542
Sq Ft
$125/mo
HOA Fee
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 2020This home is located at 1491 Tower Ln NE Unit 7, Cedar Rapids, IA 52402 and is currently priced at $124,000, approximately $80 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.
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
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
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
Similar Homes in the area
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $124,000 | None Available | |
| Warranty Deed | $117,000 | None Available | |
| Special Warranty Deed | $76,000 | None Available | |
| Sheriffs Deed | $133,237 | None Available | |
| Warranty Deed | $113,000 | None Available | |
| Corporate Deed | $109,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $117,800 | New Conventional | |
| Previous Owner | $110,200 | New Conventional | |
| Previous Owner | $60,720 | New Conventional | |
| Previous Owner | $109,733 | Purchase Money Mortgage | |
| Previous Owner | $22,250 | Unknown | |
| Previous Owner | $87,960 | Fannie Mae Freddie Mac |
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
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
-
Buyer's Agent in 2020
Jeremy Johannes
Epique Realty
(319) 253-2555
188 Total Sales
-
S
Seller's Agent in 2017
Stefan Doerrfeld
Twenty40 Real Estate + Development
-
Buyer's Agent in 2017
Karl Hoffman
SKOGMAN REALTY COMMERCIAL
(319) 366-6427
151 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2005141
APN: 11342-56004-01022
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