NOT LISTED FOR SALE

209 Teakwood Ln NE Cedar Rapids, IA 52402

Estimated Value: $382,000 - $459,000

4 Beds
3 Baths
2,758 Sq Ft
$152/Sq Ft Est. Value

About This Home

This home is located at 209 Teakwood Ln NE, Cedar Rapids, IA 52402 and is currently estimated at $418,349, approximately $151 per square foot. 209 Teakwood Ln NE is a home located in Linn County with nearby schools including Bowman Woods Elementary School, Oak Ridge School, and Linn-Mar High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2023
Sold by
Banks Michael James and Banks Patricia L
Bought by
Michael And Patricia Banks Living Trust and Banks
Current Estimated Value
$418,349

Purchase Details

Closed on
Jul 22, 2010
Sold by
Sherman Aaron R and Alexander Stephanie M
Bought by
Banks Michael J and Banks Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,450
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2005
Sold by
Midwest Development Co
Bought by
Sherman Aaron R and Alexander Stephanie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
5.91%
Mortgage Type
Fannie Mae Freddie Mac

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Michael And Patricia Banks Living Trust -- None Listed On Document
Banks Michael J $270,500 None Available
Sherman Aaron R $282,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banks Michael J $153,700
Previous Owner Banks Michael J $257,450
Previous Owner Sherman Aaron R $226,000
Source: Public Records

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 $6,970 $352,800 $77,000 $275,800
2022 $6,748 $313,800 $70,000 $243,800
2021 $7,078 $313,800 $70,000 $243,800
2020 $7,078 $310,100 $70,000 $240,100
2019 $6,330 $281,000 $60,700 $220,300
2018 $6,056 $281,000 $60,700 $220,300
2017 $6,159 $290,100 $56,000 $234,100
2016 $6,159 $275,300 $56,000 $219,300
2015 $6,027 $269,172 $56,026 $213,146
2014 $5,832 $265,435 $56,026 $209,409
2013 $5,554 $265,435 $56,026 $209,409
Source: Public Records

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