NOT LISTED FOR SALE

2603 Summerwood Ct SW Cedar Rapids, IA 52404

Estimated Value: $328,000 - $367,000

4 Beds
3 Baths
2,629 Sq Ft
$134/Sq Ft Est. Value

Last Sold April 16, 2015

Last sale price $231,000 $88 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,344/month

4 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Ranch Style House
  • Prairie Ridge Elementary School Rated A-
  • Vaulted Ceiling
  • Great Room with Fireplace

About This Home

As of April 2015

4 bedroom, 3 bath ranch home on cul-de-sac. Recently finished lower level adds the extra "wow" factor to this house! Main floor features open floor plan, with spacious great room, nice-sized kitchen, laundry room with recently added storage cabinets, 3 bedrooms & 2 baths. Lower level offers rec room/family room space, desk/nook area, separate game/craft area, bedroom, full bath (with heated tile floor), and plenty of storage space! As an added bonus, seller is offering a 1 year home warranty!

Last Agent to Sell the Property

Sheila King

SKOGMAN REALTY Listed on: 03/02/2015

Last Buyer's Agent

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,933

Year Built

  • 2005

Lot Details

  • Lot Dimensions are 70 x 147
  • Cul-De-Sac
  • Fenced

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Vaulted Ceiling
  • Gas Fireplace
  • Great Room with Fireplace
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,933

Year Built

2005

Lot Details

0

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1529
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Lower Level Bedroom: 1
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Kitchen/Dining Combo
  • Gross Tax: 3933
  • List User Cell Phone: 319-213-0779
  • Low Lvl Fin Sq Ft: 1100
  • Miscellaneous: Cable Ready, Deck, Fencing, Home Warranty, Satellite Dish, Vaulted Ceiling
  • Net Tax: 3933
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.99569
  • Ratio Close Price By Original Li: 0.99569
  • Ratio Current Price By Sq Ft: 151.08
  • Total Sq Ft: 2629
  • Tax Roll Number: 190620301700000
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Great Room, Rec Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 3
  • Bedrooms Level 1: 3
  • Fireplace Features: Built In, Gas, Great Room
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Site Description: Cul-De-Sac

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Attached

Utilities

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

Lot Info

  • Lot Size: 70 X 147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2015
Closed on
Apr 9, 2015
Sold by
Ciha Jason L and Ciha Loretta K
Bought by
Sampson Shawn G and Sampson Katie D
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$232,000
Sold Price
$231,000
Premium/Discount to List
-$1,000
-0.43%
Current Estimated Value
$353,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,105
Avg. Annual Appreciation
4.06%
Original Mortgage
$219,000
Outstanding Balance
$168,529
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$184,576

Purchase Details

Closed on
Jul 30, 2013
Sold by
Jyothi Gajula Aditya and Jyothi Mandalaneni
Bought by
Ciha Jason L and Ciha Loretta K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,470
Interest Rate
4.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 12, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gajula Aditya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,825
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 22, 2011
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,825
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 15, 2011
Sold by
Montelius Alan and Montelius Angie
Bought by
Wells Fargo Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,825
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 29, 2005
Sold by
Midwest Development Co
Bought by
Montelius Alan and Montelius Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sampson Shawn G $231,000 None Available
Ciha Jason L $191,000 None Available
Gajula Aditya $173,500 None Available
Federal Home Loan Mortgage Corporation -- None Available
Wells Fargo Bank Na $193,303 None Available
Montelius Alan $180,500 All American Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sampson Shawn G $219,000
Previous Owner Ciha Jason L $32,470
Previous Owner Gajula Aditya $164,825
Previous Owner Montelius Alan $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2015 04/16/15 Sold $231,000 -0.4% $88 / Sq Ft
03/06/2015 03/06/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $232,000 -- $88 / 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 $5,802 $348,200 $62,400 $285,800
2024 $5,466 $316,600 $57,200 $259,400
2023 $5,466 $316,600 $57,200 $259,400
2022 $5,216 $255,600 $50,200 $205,400
2021 $5,308 $249,000 $50,200 $198,800
2020 $5,308 $241,700 $46,800 $194,900
2019 $4,818 $223,300 $41,600 $181,700
2018 $4,682 $223,300 $41,600 $181,700
2017 $4,796 $221,700 $41,600 $180,100
2016 $4,279 $197,700 $41,600 $156,100
2015 $4,331 $201,239 $41,580 $159,659
2014 $4,144 $201,239 $41,580 $159,659
2013 $3,934 $201,239 $41,580 $159,659
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Sheila King

    SKOGMAN REALTY

    Section Image

  • G

    Buyer's Agent in 2015

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1501564

Cedar Rapids Area Association of REALTORS®

APN: 19062-03017-00000

Iowa Linn County Cedar Rapids 52404

2603 Summerwood Ct SW, Cedar Rapids, IA

Not Listed for Sale

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