NOT LISTED FOR SALE

2509 Franklin Ave NE Cedar Rapids, IA 52402

Estimated Value: $158,000 - $187,000

3 Beds
1 Bath
1,290 Sq Ft
$133/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $116,000 $90 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,158/month

48 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Formal Dining Room
  • Forced Air Cooling System
  • Great Room
  • 2 Car Detached Garage
  • Patio

About This Home

As of February 2021

Tired of hauling your bike to ride on the trails? Well you won’t need to do that anymore since a trail is right behind your backyard. New roof and siding on house and garage in October 2020. Concrete driveway, extra-large 2 stall garage. Hardwood floors, arched doorways, lots of built-in’s add to the charm of this home. Plenty of space for everyone, large family room on main level with access door to the outside. The lower level has a built-in bar and lots of space to use as you see fit. All appliances stay including the freezer. Home is an estate and is being sold AS IS.

Last Agent to Sell the Property

Karen Knight

Realty87 Listed on: 11/12/2020

Realty87

Last Buyer's Agent

Carter Acrea

Exit Eastern Iowa Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,602

Year Built

  • 1946

Lot Details

  • 8,407 Sq Ft Lot
  • Lot Dimensions are 60 x 140

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • 1.75 Story Property
  • Great Room
  • Formal Dining Room
  • Basement Fills Entire Space Under The House
  • Range
  • Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,602

Year Built

1946

Lot Details

0

Listing Details

  • Style: 1.5 Story, 1.75 Story
  • Acres: 0.1930
  • Above Grade Finished Sq Ft: 930
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Formal Dining
  • Gross Tax: 2602
  • List User Cell Phone: 319-360-8989
  • Low Lvl Fin Sq Ft: 360
  • Miscellaneous: Patio
  • Net Tax: 2413
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.87879
  • Ratio Close Price By Original Li: 0.85926
  • Ratio Current Price By Sq Ft: 124.73
  • Total Sq Ft: 1290
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1946

Interior Features

  • Appliances Included: Dryer, Garage Door Opener, Range, Refrigerator, Water Heater – Gas
  • Additional Room: Great Room
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Bedrooms Level 1: 1
  • Bedrooms Level 2: 2
  • Level 1 Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Detached
  • Garage Size: 624

Utilities

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

Schools

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

Lot Info

  • Lot Size: 60 X 140

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2020
Closed on
Jan 29, 2021
Sold by
Kaiser Karen Jo and Estate Of Carrie Ramona Mckibb
Bought by
Raymundo Magdalena J Garcia
Seller's Agent
Karen Knight
Realty87
Buyer's Agent
Carter Acrea
Exit Eastern Iowa Real Estate
List Price
$135,000
Sold Price
$116,000
Premium/Discount to List
-$19,000
-14.07%
Current Estimated Value
$171,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,879
Avg. Annual Appreciation
8.84%
Original Mortgage
$10,600
Outstanding Balance
$6,175
Interest Rate
2.65%
Mortgage Type
Stand Alone Second
Estimated Equity
$165,704
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Raymundo Magdalena J Garcia $116,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raymundo Magdalena J Garcia $10,600
Open Raymundo Magdalena J Garcia $104,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $116,000 -12.1% $90 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
11/20/2020 11/20/20 Price Changed $132,000 -2.2% $102 / Sq Ft
11/12/2020 11/12/20 For Sale $135,000 -- $105 / 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
2025 $2,958 $181,500 $37,500 $144,000
2024 $2,816 $173,200 $34,500 $138,700
2023 $2,816 $167,200 $34,500 $132,700
2022 $2,652 $133,500 $28,500 $105,000
2021 $2,484 $128,000 $28,500 $99,500
2020 $2,484 $124,500 $25,500 $99,000
2019 $2,316 $124,500 $25,500 $99,000
2018 $2,246 $119,200 $25,500 $93,700
2017 $2,257 $117,100 $25,500 $91,600
2016 $2,257 $109,500 $24,000 $85,500
2015 $2,253 $109,185 $24,000 $85,185
2014 $2,068 $109,185 $24,000 $85,185
2013 $2,018 $109,185 $24,000 $85,185
Source: Public Records

Agents Affiliated with this Home

  • Karen Knight

    Seller's Agent in 2021

    Karen Knight

    Realty87

    (319) 360-8989

    109 Total Sales

    Karen Knight
    Section Image

  • C

    Buyer's Agent in 2021

    Carter Acrea

    Exit Eastern Iowa Real Estate

    (319) 241-9990

    16 Total Sales

    Carter Acrea
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2007753

Cedar Rapids Area Association of REALTORS®

APN: 14151-07006-00000

Iowa Linn County Cedar Rapids 52402

2509 Franklin Ave NE, Cedar Rapids, IA

This home is located at 2509 Franklin Ave NE, Cedar Rapids, IA 52402 since 12 November 2020 and is currently estimated at $171,879, approximately $133 per square foot. This property was built in 1946. 2509 Franklin Ave NE is a home located in Linn County with nearby schools including Arthur Elementary School, Franklin Middle School, 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.

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