$85,200
SOLD FEB 21, 2020

2407 Franklin Ave NE Cedar Rapids, IA 52402

4 Beds
1.5 Baths
1,160 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$73 Per Sq Ft

15% Below List Price

2 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 1 Car Detached Garage
  • Forced Air Cooling System

About This Home

As of July 2024

***UNDER CONTRACT*** This home is being sold AS IS - Investor Alert! Fantastic NE side neighborhood! Does need work, but definitely in an area where the work and repairs will pay off!
2 BR on Main and 2 on 2nd Level. There's a half bath on 2nd level too.
Any purchase will be Cash or Conventional Financing with and AS IS appraisal.

Last Agent to Sell the Property

Jill Monnahan

SKOGMAN REALTY Listed on: 01/16/2020

SKOGMAN REALTY

Co-Listed By

Jacey Slaton

SKOGMAN REALTY

Last Buyer's Agent

Adam Stradt

RE/MAX CONCEPTS

RE/MAX CONCEPTS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,975

Year Built

  • 1946

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 1,160 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,975

Year Built

1946

Lot Details

0

Listing Details

  • Style: 1.5 Story
  • Acres: 0.1900
  • Above Grade Finished Sq Ft: 1160
  • Total Bathrooms: 1.10
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Gross Tax: 1975
  • List User Cell Phone: 319-981-1409
  • Net Tax: 1975
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.85200
  • Ratio Close Price By Original Li: 0.85200
  • Ratio Current Price By Sq Ft: 73.45
  • Total Sq Ft: 1160
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1946

Interior Features

  • Appliances Included: Garage Door Opener
  • Basement: Block, Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms Level 1: 2
  • Bedrooms Level 2: 2
  • Level 1 Full Bathrooms: 1
  • Level 2 Half Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Garage/Parking: 1 Car, Detached

Utilities

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

Schools

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

Lot Info

  • Lot Size: 8,376

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Jul 23, 2024
Sold by
Carroll Joe and Carroll Michele
Bought by
Borer Delana and Walton Cevan
Seller's Agent
Adam Stradt
RE/MAX CONCEPTS
Buyer's Agent
Jackie Karamitros
Pinnacle Realty LLC
List Price
$185,000
Sold Price
$169,500
Premium/Discount to List
-$15,500
-8.38%
Views
235
Current Estimated Value
$170,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$623
Avg. Annual Appreciation
0.37%
Original Mortgage
$163,615
Outstanding Balance
$162,490
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$7,633

Purchase Details

Listed on
Jan 16, 2020
Closed on
Feb 20, 2020
Sold by
Gallatin Galle
Bought by
Carroll Joe
Seller's Agent
Jill Monnahan
SKOGMAN REALTY
Buyer's Agent
Adam Stradt
RE/MAX CONCEPTS
List Price
$100,000
Sold Price
$85,200
Premium/Discount to List
-$14,800
-14.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.80%
Original Mortgage
$106,700
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 25, 2003
Sold by
Albert James A
Bought by
Gallatin Gaile

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,108
Interest Rate
6.1%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Warranty Deed $169,500 River Ridge Escrow
Warranty Deed $85,500 None Available
Warranty Deed $86,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $163,615 New Conventional
Previous Owner $106,700 Future Advance Clause Open End Mortgage
Previous Owner $73,000 New Conventional
Previous Owner $57,680 Unknown
Previous Owner $26,000 Unknown
Previous Owner $69,108 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $169,500 -3.1% $146 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
05/17/2024 05/17/24 Price Changed $174,900 -2.8% $151 / Sq Ft
03/29/2024 03/29/24 Price Changed $179,900 -0.9% $155 / Sq Ft
03/12/2024 03/12/24 Price Changed $181,500 -1.9% $156 / Sq Ft
01/25/2024 01/25/24 For Sale $185,000 +117.1% $159 / Sq Ft
02/21/2020 02/21/20 Sold $85,200 -14.8% $73 / Sq Ft
01/18/2020 01/18/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $100,000 -- $86 / 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 $2,156 $120,000 $34,500 $85,500
2022 $2,036 $102,200 $28,500 $73,700
2021 $2,090 $98,300 $28,500 $69,800
2020 $2,090 $94,700 $25,500 $69,200
2019 $1,778 $91,000 $25,500 $65,500
2018 $1,724 $91,000 $25,500 $65,500
2017 $1,756 $89,200 $25,500 $63,700
2016 $2,149 $101,100 $25,500 $75,600
2015 $2,253 $105,093 $30,000 $75,093
2014 $2,052 $105,093 $30,000 $75,093
2013 $2,002 $105,093 $30,000 $75,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2000520

Cedar Rapids Area Association of REALTORS®

APN: 14151-34003-00000