NOT LISTED FOR SALE

2500 Otis Rd SE Cedar Rapids, IA 52403

Cedar Valley Neighborhood

Estimated Value: $323,000 - $986,229

13 Acres
$51,667 Price per Acre
551,905 Sq Ft Lot

Last Sold March 11, 2016

Last sale price $165,000

Est. 297% increase in value since last sale

Current estimated payment $5,058/month

191 Days on Market

Highlights

  • 12.67 Acre Lot
  • Wooded Lot
  • 4-minute walk to Cedar Valley Park
  • Hilly Lot
  • Level Lot

About This Lot

As of March 2016

Wooded paradise! Over 12 timbered acres with a natural creek and level building site off Memorial Dr and Otis Rd. Quiet, convenient location, with tons of nature and wildlife. Tremendous building site for your next home or for recreational use. Possible subdivision potential as well. No covenants or restrictions, subject only to City of CR building requirements. Call today!

Last Listed By

Stefan Doerrfeld

Twenty40 Real Estate + Development Listed on: 07/27/2015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $212

Year Built

  • 2017

Lot Details

  • 12.67 Acre Lot
  • Level Lot
  • Hilly Lot
  • Wooded Lot

Property Details

Property Type

Land

Est. Annual Taxes

$212

Year Built

2017

Lot Details

0

Listing Details

  • Acres: 12.6700
  • City Name: Cedar Rapids
  • Current Zoning: Res
  • Gross Tax: 212
  • List User Cell Phone: 319-361-3881
  • Net Tax: 212
  • Property Sub Types: Development Land
  • Property Type: Land/Lot/Farm
  • Ratio Close Price By List Price: 0.91667
  • Ratio Close Price By Original Li: 0.91667
  • Tax Roll Number: 143520100200000
  • Water Sewer Roads: Paved
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2017

Interior Features

  • Site Description: Hilly, Level, Wooded

Schools

  • Elementary School: Erskine
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: 12.67Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2015
Closed on
Mar 5, 2016
Sold by
Sweeney Dan and Sweeney Sherry
Bought by
Schreder Joseph A and Schreder Jackie
Seller's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
Buyer's Agent
Karl Hoffman
SKOGMAN REALTY COMMERCIAL
List Price
$180,000
Sold Price
$165,000
Premium/Discount to List
-$15,000
-8.33%
Total Days on Market
191
Current Estimated Value
$654,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,615
Avg. Annual Appreciation
16.12%

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Schreder Joseph A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schreder Joseph A $337,400
Closed Schreder Joseph A $280,000
Closed Schreder Joseph A $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2016 03/11/16 Sold $165,000 -8.3% --
02/03/2016 02/03/16 Pending -- -- --
07/27/2015 07/27/15 For Sale $180,000 -- --
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 $16,932 $854,200 $130,000 $724,200
2022 $15,124 $839,000 $99,300 $739,700
2021 $17,004 $730,100 $60,500 $669,600
2020 $17,004 $770,700 $50,500 $720,200
2019 $4,016 $186,300 $45,700 $140,600
2018 $162 $186,300 $45,700 $140,600
2017 $80 $6,600 $6,600 $0
2016 $80 $6,600 $6,600 $0
2015 $66 $19,924 $19,924 $0
2014 $218 $19,924 $19,924 $0
2013 $212 $19,924 $19,924 $0
Source: Public Records

Agents Affiliated with this Home

  • Stefan Doerrfeld

    Seller's Agent in 2016

    Stefan Doerrfeld

    Twenty40 Real Estate + Development

    (319) 378-8760

    Section Image
  • Karl Hoffman

    Buyer's Agent in 2016

    Karl Hoffman

    SKOGMAN REALTY COMMERCIAL

    (319) 366-6427

    164 Total Sales

    Karl Hoffman
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1505882

Cedar Rapids Area Association of REALTORS®

APN: 14352-01002-00000

Iowa Linn County Cedar Rapids 52403 Cedar Valley

2500 Otis Rd SE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 2500 Otis Rd SE, Cedar Rapids, IA 52403 since 27 July 2015 and is currently estimated at $654,615. This property was built in 2017. 2500 Otis Rd SE is a home located in Linn County with nearby schools including Erskine Elementary School, McKinley STEAM Academy, and George Washington 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.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.