NOT LISTED FOR SALE

1538 Cliffs Ln Ely, IA 52227

Estimated Value: $544,000 - $1,291,011

2 Beds
1.5 Baths
1,762 Sq Ft
$589/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $1,250,000 $709 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $6,151/month

74 Days on Market

Highlights

  • 14.47 Acre Lot
  • Wooded Lot
  • Main Floor Primary Bedroom
  • Mount Vernon Middle School Rated A-
  • Vaulted Ceiling
  • Formal Dining Room

About This Home

As of September 2023

***DO NOT attempt to drive by this property. This property is only accessible via an appointment as access requires crossing multiple property owner's properties and they need to be notified and approve of the access. There is no public access and multiple gates will need to be opened for scheduled showings. All showings require 48 hour notice.***
This one is special. Built in 1939, by renowned Cedar Rapids philanthropists, Howard and Margaret Hall, originally as a weekend retreat cabin, called the Pal House. This tudor style home was thoughtfully designed by Howard to reflect his love of water and as a place to relax and enjoy the natural beauty of Palisades Park. Built from locally sourced, square cut dolomite limestone, this home is situated on a 90 foot cliff overlooking the Cedar River and Palisades Park. A copper roof was added in 2010 by the current owner. Upon entering the cabin, you'll notice the waterfall feature and iron gate. The open concept dining and living room features a statement limestone fireplace and has a nautical theme throughout. There are panoramic views of Palisades Park and the Cedar River. The primary bedroom and bathroom were completely remodeled in 2010. Meticulous care was taken to ensure the integrity and continuity of the home was maintained with this remodel. The primary bathroom features a walk-in shower, copper sink, built in cabinets, and a concealed stackable washer and dryer. The primary bedroom has a cedar lined closet. There is a galley style kitchen with stainless steel appliances. There is a hidden entrance to the basement in the kitchen. The basement houses the mechanicals of the home, including the geothermal unit. The loft features a sitting area that overlooks the living and dining space. The loft bedroom has a half bath and built-in storage. There are multiple levels of outdoor flagstone patio space, including an outdoor fireplace with cast iron kettle and built in seating. There is an additional 308 sq foot open concept 1 story cabin on the property. The 14.47 acres of this property are heavily wooded but also offer 2 open pastures. There is no public access to this property, so privacy, nature, exploration, spectacular views, and relaxation abound in this one of a kind property.

Last Agent to Sell the Property

Mindy Martin

SKOGMAN REALTY Listed on: 06/02/2023

SKOGMAN REALTY

Last Buyer's Agent

Rachael Ray

SKOGMAN REALTY

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,206

Year Built

  • 1939

Lot Details

  • 14.47 Acre Lot
  • Fenced
  • Wooded Lot

Parking

  • Guest Parking

Home Design

  • Stone Exterior Construction
  • Masonry

Interior Spaces

  • 1,762 Sq Ft Home
  • 1.5-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Electric Fireplace
  • Family Room
  • Living Room
  • Formal Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Geothermal Heating and Cooling
  • Community Well
  • Electric Water Heater
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,206

Year Built

1939

Lot Details

0

Listing Details

  • Style: 1.5 Story
  • Acres: 14.4700
  • Above Grade Finished Sq Ft: 1762
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 1.10
  • Total Bedrooms: 2
  • City Name: Ely
  • Dining Features: Formal Dining
  • Gross Tax: 4206
  • List User Cell Phone: 319-521-3974
  • Miscellaneous: Fencing, Patio, Vaulted Ceiling
  • Net Tax: 4194
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.96154
  • Ratio Close Price By Original Li: 0.96154
  • Ratio Current Price By Sq Ft: 709.42
  • Total Sq Ft: 1762
  • Water Sewer Roads: Community Well, Septic System
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1939

Interior Features

  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Heater – Electric
  • Additional Room: 1st Floor Family, 1st Floor Laundry, Living Room
  • Basement: Crawl, Partial
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms Level 1: 1
  • Bedrooms Level 2: 1
  • Fireplace Features: Electric, Wood Burning
  • Level 1 Full Bathrooms: 1
  • Level 2 Half Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Site Description: Wooded

Exterior Features

  • Construction Methods: Masonry
  • Exterior: Stone

Garage/Parking

  • Garage/Parking: Guest Parking

Utilities

  • Heating Cooling: Geothermal, Window/Wall Air

Schools

  • Elementary School: Mt Vernon
  • Middle School: Mt Vernon
  • High School: Mt Vernon

Lot Info

  • Lot Size: 630,313.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Aug 30, 2023
Sold by
Sima Ghosh Revocable Trust
Bought by
Bloomhall William A
Seller's Agent
Mindy Martin
SKOGMAN REALTY
Buyer's Agent
Rachael Ray
SKOGMAN REALTY
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%
Views
187
Current Estimated Value
$1,047,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$202,148
Avg. Annual Appreciation
-9.87%

Purchase Details

Closed on
Jun 29, 2009
Sold by
St Lukes Health Care Foundation
Bought by
Ghosh Sima and Sima Ghosh Revocable Trust
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
Bloomhall William A $1,250,000 None Listed On Document
Ghosh Sima $729,500 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $1,250,000 -3.8% $709 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $1,300,000 -- $738 / 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 $4,362 $354,500 $15,300 $339,200
2022 $4,194 $265,000 $11,000 $254,000
2021 $3,896 $265,000 $11,000 $254,000
2020 $3,896 $231,600 $11,700 $219,900
2019 $3,634 $218,900 $16,100 $202,800
2018 $3,552 $218,900 $16,100 $202,800
2017 $2,980 $210,000 $17,800 $192,200
2016 $2,980 $184,000 $17,800 $166,200
2015 $3,040 $190,900 $24,700 $166,200
2014 $3,022 $190,900 $24,700 $166,200
2013 $2,920 $190,900 $24,700 $166,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2303469

Cedar Rapids Area Association of REALTORS®

APN: 18143-51003-00000