NOT LISTED FOR SALE

1521 Oak Ridge Ln SE Unit 3 Cedar Rapids, IA 52403

Estimated Value: $75,000 - $99,000

2 Beds
2 Baths
894 Sq Ft
1977 Built

Last Sold December 16, 2019

Last sale price $53,000 $59 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $630/month

1 Day on Market

Highlights

  • Gated Community
  • 1 Car Detached Garage
  • Central Air
  • 2-Story Property
  • Cul-De-Sac
  • Combination Kitchen and Dining Room

About This Home

As of December 2019

Great location! Super cute 2 bedroom, 2 bath condo. Warm and cozy with a gas fireplace. Spacious bedrooms and nice size closets. Storage room and laundry in basement. 1 car detached garage. Cheap easy living. Investor alert this unit was being rented for $800 a month. Pets allowed. Association fee is $74 a month. Average gas is $34 and Average electric is $102. So cute and clean a must see. Owners are Licensed Realtors in Iowa.

Last Listed By

Tabatha Barnes

SKOGMAN REALTY Listed on: 11/15/2019

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Year Built

  • 1977

Lot Details

  • Cul-De-Sac

Home Design

  • 2-Story Property
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 894 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Combination Kitchen and Dining Room
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Property has a Home Owners Association
  • Community Storage Space
  • Gated Community

Property Details

Home Type

Condominium

Year Built

1977

Lot Details

0

Listing Details

  • Style: 2 Stories, Ranch
  • Above Grade Finished Sq Ft: 894
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 2nd Floor
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 1345
  • List User Cell Phone: 319-551-2128
  • Miscellaneous: Cable Ready
  • Net Tax: 1345
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.96539
  • Ratio Close Price By Original Li: 0.96539
  • Ratio Current Price By Sq Ft: 59.28
  • Total Sq Ft: 894
  • Taxable Value Tv: 64500.00
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1977

Interior Features

  • Appliances Included: Dishwasher, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Family
  • Basement: Partial, Pour
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 2: 2
  • Fireplace Features: Built In, Family Room, Gas
  • Level 2 Full Bathrooms: 2
  • Master Bedroom Level: Level 2
  • Site Description: Cul-De-Sac

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Garage/Parking: 1 Car, Detached
  • Garage Size: 1 car

Utilities

  • Heating Cooling: Central Air, Gas Heat

Condo/Co-op/Association

  • Association Amenities: Secure Storage Area, Secured Entrance
  • Association Fee: 74
  • Association: Yes

Schools

  • Elementary School: Erskine
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: common

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2019
Closed on
Dec 12, 2019
Sold by
Barnes Michael M and Barnes Tabatha A
Bought by
Hoeger Melanie R
Seller's Agent
Tabatha Barnes
SKOGMAN REALTY
Buyer's Agent
Tabatha Barnes
SKOGMAN REALTY
List Price
$54,900
Sold Price
$53,000
Premium/Discount to List
-$1,900
-3.46%
Total Days on Market
1
Current Estimated Value
$91,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,498
Avg. Annual Appreciation
10.48%
Original Mortgage
$46,400
Outstanding Balance
$41,345
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$49,792

Purchase Details

Listed on
Jan 7, 2016
Closed on
Jul 6, 2016
Sold by
Strait Gerald E and Strait Barbara M
Bought by
Barnes Michael M and Barnes Tabatha A
Seller's Agent
Paul Canas
Pinnacle Realty LLC
Buyer's Agent
Tabatha Barnes
SKOGMAN REALTY
List Price
$54,000
Sold Price
$43,000
Premium/Discount to List
-$11,000
-20.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Jul 21, 1998
Sold by
Deill Alice R
Bought by
Strait Gerald E and Strait Barbara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.03%

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
Hoeger Melanie R $53,000 None Available
Barnes Michael M -- None Available
Strait Gerald E $49,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoeger Melanie R $46,400
Previous Owner Strait Gerald E $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2019 12/16/19 Sold $53,000 -3.5% $59 / Sq Ft
11/15/2019 11/15/19 Pending -- -- --
11/14/2019 11/14/19 For Sale $54,900 +27.7% $61 / Sq Ft
07/08/2016 07/08/16 Sold $43,000 -20.4% $48 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $54,000 -- $60 / 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 $1,412 $68,300 $10,000 $58,300
2022 $1,386 $66,900 $10,000 $56,900
2021 $1,424 $66,900 $10,000 $56,900
2020 $1,424 $64,500 $10,000 $54,500
2019 $1,390 $64,500 $10,000 $54,500
2018 $1,192 $64,500 $10,000 $54,500
2017 $1,206 $56,700 $4,500 $52,200
2016 $1,206 $56,700 $4,500 $52,200
2015 $1,206 $56,878 $4,500 $52,378
2014 $1,026 $56,878 $4,500 $52,378
2013 $998 $56,878 $4,500 $52,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1908278

Cedar Rapids Area Association of REALTORS®

APN: 14261-76027-01002