$100,000
SOLD JUN 25, 2018

215 40th Street Dr SE Unit 305 Cedar Rapids, IA 52403

2 Beds
2 Baths
1,307 Sq Ft
$120/mo HOA Fee

Recently Sold

$77 Per Sq Ft

2% Below List Price

7 Days on Market

Highlights

  • Gated Community
  • Contemporary Architecture
  • Vaulted Ceiling
  • Deck
  • Wooded Lot
  • Main Floor Primary Bedroom

About This Home

As of June 2018

Unique is what this is! 2nd floor unit with high ceilings, wood fireplace, large balcony overlooking Indian creek. Master bedroom has 2 closets and its own bath. Tile bathroom floors, butcher block counter-tops and tile back splash in the kitchen, stainless steel appliances, and a 2 floor loft area that has the plumbing already stubbed in for a bar. Window exposure is to the South so you get tons of natural light! There’s good storage in the condo and a 1 car detached garage out front. Location is really NE side close to Lindale Mall even though it has a SE side address. Association does also have a fire pit common area down by the trees.

Last Agent to Sell the Property

Adam Stradt

RE/MAX CONCEPTS Listed on: 05/14/2018

RE/MAX CONCEPTS

Last Buyer's Agent

Tres Neil

REVOLUTION REALTY TEAM

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,846

Year Built

  • 1979

HOA Fees

  • $120 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,307 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Utilities

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

Additional Features

  • Deck
  • Wooded Lot

Community Details

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Additional Features

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,846

Year Built

1979

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Style: 2 Stories, Contemporary, Loft/High-Rise
  • Above Grade Finished Sq Ft: 1307
  • Association Fee Frequency: Month
  • Association Management: By Association, Start Up Fee
  • 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: Formal Dining
  • Gross Tax: 1846
  • List User Cell Phone: 319-573-9668
  • Miscellaneous: Cable Ready, Deck, Intercom, Vaulted Ceiling
  • Net Tax: 1846
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.98039
  • Ratio Close Price By Original Li: 0.98039
  • Ratio Current Price By Sq Ft: 76.51
  • Total Sq Ft: 1307
  • Taxable Value Tv: 94400.00
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1979

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Den/Study, Living Room
  • Basement: Slab
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Wood Burning, Living Room
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: Wooded

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 1 Car, Detached

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry In Unit, Secured Entrance
  • Association Fee: 120
  • Association: Yes

Schools

  • Elementary School: Kenwood
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: Pet Weight Limit, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
Barber Miranda R
Bought by
Cedar Rapids Bank And Trust Company
Current Estimated Value
$135,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Outstanding Balance
$91,179
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$42,030

Purchase Details

Closed on
Nov 22, 2022
Sold by
Howes Audrey L
Bought by
Barber Miranda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Outstanding Balance
$91,179
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$42,030

Purchase Details

Closed on
Mar 25, 2020
Sold by
Johnson Denis A
Bought by
Howers Audrey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2018
Closed on
Jun 19, 2018
Sold by
Nadipuram Abhay M and Ananth Ranjani
Bought by
Johnson Denise A
Seller's Agent
Adam Stradt
RE/MAX CONCEPTS
Buyer's Agent
Tres Neil
REVOLUTION REALTY TEAM
List Price
$102,000
Sold Price
$100,000
Premium/Discount to List
-$2,000
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$97,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2013
Closed on
Nov 25, 2013
Sold by
Radzimanowski John W and Radzimanowski Carly
Bought by
Nadipuram Abhay M and Nadipuram Mukund G
Seller's Agent
Lori Williams
Realty87
Buyer's Agent
Lori Williams
Realty87
List Price
$97,000
Sold Price
$93,000
Premium/Discount to List
-$4,000
-4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.61%
Original Mortgage
$45,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2010
Sold by
Lang Christy M
Bought by
Radzimanowski John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,708
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 2003
Sold by
Rhodes Steven L and Rhodes Sharon A
Bought by
Lang Christy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,950
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Hud
Bought by
Rhodes Steven L and Rhodes Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 1998
Sold by
Kenton Craig M
Bought by
Bumpus Sandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,048
Interest Rate
6.59%
Mortgage Type
FHA
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 Type Sale Price Title Company
Deed -- --
Warranty Deed $117,500 --
Warranty Deed $105,000 None Available
Warranty Deed $100,000 None Available
Warranty Deed $93,000 None Available
Warranty Deed $87,500 None Available
Warranty Deed $79,500 --
Special Warranty Deed -- First American Title
Warranty Deed $74,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $94,000 New Conventional
Previous Owner $94,500 New Conventional
Previous Owner $97,000 New Conventional
Previous Owner $45,000 New Conventional
Previous Owner $86,708 FHA
Previous Owner $20,000 Stand Alone Second
Previous Owner $63,950 Purchase Money Mortgage
Previous Owner $62,400 Purchase Money Mortgage
Previous Owner $73,048 FHA
Closed $12,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2018 06/25/18 Sold $100,000 -2.0% $77 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $102,000 +9.7% $78 / Sq Ft
12/13/2013 12/13/13 Sold $93,000 -4.1% $71 / Sq Ft
09/18/2013 09/18/13 Pending -- -- --
09/06/2013 09/06/13 For Sale $97,000 -- $74 / 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
2024 $2,080 $125,500 $18,000 $107,500
2023 $2,080 $126,000 $18,000 $108,000
2022 $1,982 $107,500 $15,000 $92,500
2021 $1,894 $104,600 $15,000 $89,600
2020 $1,894 $94,400 $12,000 $82,400
2019 $1,852 $94,400 $12,000 $82,400
2018 $2,050 $94,400 $12,000 $82,400
2017 $1,846 $84,800 $8,000 $76,800
2016 $1,838 $86,500 $8,000 $78,500
2015 $1,838 $91,457 $8,000 $83,457
2014 $1,946 $87,979 $8,000 $79,979
2013 $1,646 $87,979 $8,000 $79,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1803352

Cedar Rapids Area Association of REALTORS®

APN: 14112-04003-01016