NOT LISTED FOR SALE

2248 Highway 1 NE Solon, IA 52333

Estimated Value: $1,096,000 - $1,543,766

4 Beds
4.5 Baths
7,373 Sq Ft
$179/Sq Ft Est. Value

Last Sold February 06, 2020

Last sale price $640,000 $87 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $8,643/month

105 Days on Market

Highlights

  • 16.32 Acre Lot
  • Deck
  • Home Gym
  • Solon Middle School Rated A-
  • Private Yard
  • Formal Dining Room

About This Home

As of February 2020

This home has a ton of potential and is waiting for the right Buyer to find it! With some work you could have an incredible home that is truly one of a kind. Features include a grand staircase with cherry hardwood, marble flooring, and a large kitchen. This home has space for everyone, each bedroom has a large walk-in-closet & bathroom. The gorgeous master suite has large walk-in shower, jetted tub, and enormous walk-in closest. Breathtaking views of the 16 acres it sits on can be seen from every window!

Last Agent to Sell the Property

Mike Bails

Urban Acres Real Estate Corridor Listed on: 09/09/2019

Urban Acres Real Estate Corridor

Last Buyer's Agent

Jerad Kilburg

Urban Acres Real Estate

Urban Acres Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,734

Year Built

  • Built in 2007

Lot Details

  • 16.32 Acre Lot
  • Open Lot
  • Private Yard

Parking

  • 4 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Entrance Foyer
  • Family Room Downstairs
  • Living Room
  • Formal Dining Room
  • Library
  • Home Gym
  • Sump Pump

Kitchen

  • Breakfast Bar
  • Plumbed For Ice Maker
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Balcony
  • Deck
  • Patio

Schools

  • Solon Elementary And Middle School
  • Solon High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Geothermal Heating and Cooling
  • Water Softener is Owned
  • Private or Community Septic Tank
  • Internet Available

Community Details

  • Built by Cannon
  • Rebel's First Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0806227002

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,734

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 7373
  • Homebuilder: Cannon
  • Owner Name L F Mi: GreenState Credit Union
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Remarks: This home is lender owned and being sold "as-is".
  • Year Built: 2007
  • Tax Year Report: 2018
  • Subdivision: Rebel's First
  • Directions: Hwy. 1 going South out of Solon towards Iowa City - approx. 2 minutes, Driveway is on the Left or East Side of the Road.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Other
  • Basement Remarks: Poured Concrete, Sump Pump
  • Fireplace Type Location: None
  • Interior R: Ceiling-9+ ft, Foyer-Entrance, Foyer-2 Story
  • Kitchen Breakfast R: Breakfast Bar, Island, Pantry
  • Lot Description R: 5+ Acres, Open Land, Private Backyard
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: This home has a ton of potential and is waiting for the right Buyer to find it! With some work you could have an incredible home that is truly one of a kind. Features include a grand staircase with cherry hardwood, marble flooring, and a large kitchen. This home has space for everyone, each bedroom has a large walk-in-closet & bathroom. The gorgeous master suite has large walk-in shower, jetted tub, and enormous walk-in closest. Breathtaking views of the 16 acres it sits on can be seen from every window!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Icemaker Line
  • Number Bedrooms Upper: 4
  • Sq Ft Above: 5373
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 4
  • Total Bathrooms: 5
  • Dining Room Level: Main
  • Family Room Level: Lower
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 2000
  • Laundry Location: Laundry Room, Upstairs
  • Mstr Br Level: Upper
  • Number of Lower Level Full Bathrooms: 1

Exterior Features

  • Construction: Brick, Frame
  • ExteriorFeatures: Balcony, Deck, Patio

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: Private Septic, Water Softener (Owned)
  • Heating Cooling: Ceiling Fans, Heat Pump, Zoned/Dual, Geothermal

Schools

  • Elementary School: Solon
  • Middle School: Solon
  • High School: Solon
  • High School: Solon
  • Jr Middle School: Solon
  • Elementary School: Solon

Lot Info

  • Acreage: 16.32
  • Geo Subdivision: IA
  • Zoning: Res

Tax Info

  • Gross Tax County City: 18243
  • Assessor Parcel Number: 0806227002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2019
Closed on
Jan 7, 2020
Sold by
Greenstate Credit Union
Bought by
Gates Benjamin J and Gates Stefanie A
Seller's Agent
Mike Bails
Urban Acres Real Estate Corridor
Buyer's Agent
Jerad Kilburg
Urban Acres Real Estate
List Price
$795,999
Sold Price
$640,000
Premium/Discount to List
-$155,999
-19.6%
Current Estimated Value
$1,319,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$679,883
Avg. Annual Appreciation
13.64%
Original Mortgage
$576,000
Outstanding Balance
$516,202
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$803,681

Purchase Details

Closed on
Aug 21, 2019
Sold by
Jon Mcelmell Jesse and Mcelmeel Jesse J
Bought by
Greenstate Credit Union

Purchase Details

Closed on
Jun 28, 2007
Sold by
Mcelmeel Jesse J and Mcelmeel Janice F
Bought by
Mcelmeel Jesse J and Mcelmeel Janice F

Purchase Details

Closed on
Feb 28, 2006
Sold by
Miller Kirk A and Miller Kirk Allen
Bought by
Mcelmeel Jesse J and Mcelmeel Janice F
Source: Public Records

Range of Values:

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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
Gates Benjamin J $640,000 None Available
Greenstate Credit Union -- None Available
Mcelmeel Jesse J -- None Available
Mcelmeel Jesse J $230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gates Benjamin J $576,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2020 02/06/20 Sold $640,000 -19.6% $87 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
09/09/2019 09/09/19 For Sale $795,999 -- $108 / Sq Ft
Source: Iowa City 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 $19,734 $1,490,600 $182,100 $1,308,500
2023 $17,628 $1,490,600 $182,100 $1,308,500
2022 $17,432 $1,137,200 $182,100 $955,100
2021 $10,284 $1,137,200 $182,100 $955,100
2020 $10,284 $640,100 $167,100 $473,000
2019 $18,244 $1,218,300 $167,100 $1,051,200
2018 $17,854 $1,119,300 $167,100 $952,200
2017 $17,968 $1,119,300 $167,100 $952,200
2016 $18,220 $1,091,600 $167,100 $924,500
2015 $18,220 $1,152,600 $167,600 $985,000
2014 $16,968 $1,063,300 $167,600 $895,700
Source: Public Records

Agents Affiliated with this Home

  • Mike Bails

    Seller's Agent in 2020

    Mike Bails

    Urban Acres Real Estate Corridor

    (319) 321-5500

    45 in this area

    1,285 Total Sales

    Mike Bails
    Section Image

  • J

    Buyer's Agent in 2020

    Jerad Kilburg

    Urban Acres Real Estate

    (319) 325-0352

    30 in this area

    36 Total Sales

    Jerad Kilburg
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20195680

Iowa City Area Association of REALTORS®

APN: 0806227002

Iowa Johnson County Solon 52333

2248 Highway 1 NE, Solon, IA

This home is located at 2248 Highway 1 NE, Solon, IA 52333 since 09 September 2019 and is currently estimated at $1,319,883, approximately $179 per square foot. This property was built in 2007. 2248 Highway 1 NE is a home located in Johnson County with nearby schools including Lakeview Elementary School, Solon Middle School, and Solon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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