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

77 Days on Market

Highlights

  • 16.32 Acre Lot
  • Deck
  • Den
  • Solon Middle School Rated A-
  • Recreation Room
  • 4 Car Attached Garage

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! This home is lender owned and being sold "as-is".

Last Agent to Sell the Property

Mike Bails

Urban Acres Real Estate Corridor Listed on: 09/16/2019

Urban Acres Real Estate Corridor

Last Buyer's Agent

Donald Fieldhouse

Cedar Rapids Area Association of REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,734

Year Built

  • 2007

Lot Details

  • 16.32 Acre Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Den
  • Recreation Room
  • Breakfast Bar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Utilities

  • Zoned Heating and Cooling
  • Geothermal Heating and Cooling
  • Well
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,734

Year Built

2007

Lot Details

0

Listing Details

  • Style: 2 Stories
  • Acres: 16.3200
  • Above Grade Finished Sq Ft: 5373
  • Total Bathrooms: 4.10
  • Total Bedrooms: 4
  • City Name: Solon
  • Dining Features: Breakfast Bar
  • List User Cell Phone: 319-321-5500
  • Low Lvl Fin Sq Ft: 2000
  • Miscellaneous: Deck, Patio
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.80402
  • Ratio Close Price By Original Li: 0.80402
  • Ratio Current Price By Sq Ft: 119.11
  • Total Sq Ft: 7373
  • Water Sewer Roads: Septic System, Well Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Additional Room: Den/Study, Rec Room
  • Basement: Full, Walkout
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bedrooms Level 2: 4
  • Level 2 Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Site Description: In-Town Acrg

Exterior Features

  • Construction Methods: Frame
  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 4 Or More Cars, Attached

Utilities

  • Heating Cooling: Geothermal, Zoned Heating/Cooling

Schools

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

Lot Info

  • Lot Size: 16.32 Acr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 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
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
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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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
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
12/02/2019 12/02/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $795,999 -- $108 / 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 $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

  • D

    Buyer's Agent in 2020

    Donald Fieldhouse

    Cedar Rapids Area Association of REALTORS

    (239) 774-6598

    73 in this area

    4,972 Total Sales

    Donald Fieldhouse
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1906927

Cedar Rapids 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 16 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.

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