$95,000
SOLD JUL 6, 2021

2617 Matthew Dr SW Cedar Rapids, IA 52404

3 Beds
1 Bath
1,428 Sq Ft
7,100 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

6% Above List Price

5 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Eat-In Kitchen
  • Recreation Room
  • 2 Car Detached Garage
  • Forced Air Cooling System

About This Home

As of July 2025

Located in a tremendous location. 1971 ranch with 3 bedrooms, 1 bath, and a 2-stall garage. Lower level sqft per assessor, but has been gutted to the studs. While this property is in need of a complete rehab, inside and out and has been vacant for 2+ years, it still has loads of potential for an investor, contractor, or handy buyer. Bank Repo. Sold AS-IS. No property disclosure. *The property shall be on the MLS for 5 calendar days prior to the seller's review of any offer. Please allow up to 24 hours response time for any offer. The 5th calendar day is June 14, 2021*

Last Agent to Sell the Property

Stefan Doerrfeld

Twenty40 Real Estate + Development Listed on: 06/10/2021

Last Buyer's Agent

Joelle Henley

Pinnacle Realty LLC

Pinnacle Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • 1971

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 64.5x110

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

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

Home Details

Home Type

Single Family

Year Built

1971

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.1630
  • Above Grade Finished Sq Ft: 888
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen
  • Gross Tax: 2685
  • List User Cell Phone: 319-361-3881
  • Low Lvl Fin Sq Ft: 540
  • Miscellaneous: Cable Ready, Deck
  • Net Tax: 2685
  • Other: Repo
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.05673
  • Ratio Close Price By Original Li: 1.05673
  • Ratio Current Price By Sq Ft: 106.98
  • Total Sq Ft: 1428
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1971

Interior Features

  • Appliances Included: Water Heater – Gas
  • Additional Room: Rec Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 1
  • Bedrooms Level 1: 3
  • Level 1 Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Composite

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Van Buren
  • Middle School: Wilson
  • High School: Jefferson

Lot Info

  • Lot Size: 64.5X110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
Feb 4, 2022
Sold by
Henry Mark P and Henry Jill D
Bought by
Schur Jessica
Buyer's Agent
Debra Callahan
RE/MAX CONCEPTS
List Price
$161,500
Sold Price
$161,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Original Mortgage
$158,574
Outstanding Balance
$148,640
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$62,182

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jun 25, 2021
Sold by
Veridian Credit Union
Bought by
Henry Mark P and Henry Jill D
Seller's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
Buyer's Agent
Joelle Henley
Pinnacle Realty LLC
List Price
$89,900
Sold Price
$95,000
Premium/Discount to List
$5,100
5.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
149.65%

Purchase Details

Listed on
Jun 10, 2021
Closed on
May 18, 2021
Sold by
Heck Winston L and Heck Angela M
Bought by
Veridian Credit Union
Seller's Agent
Stefan Doerrfeld
Twenty40 Real Estate + Development
Buyer's Agent
Joelle Henley
Pinnacle Realty LLC
List Price
$89,900
Sold Price
$95,000
Premium/Discount to List
$5,100
5.67%
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 $161,500 Oshea & Oshea Pc
Warranty Deed $95,000 None Available
Sheriffs Deed $113,166 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,000 New Conventional
Open $158,574 FHA
Closed $158,574 FHA
Previous Owner $87,200 Credit Line Revolving
Previous Owner $77,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $50,000 Credit Line Revolving
Previous Owner $43,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Sold $212,000 -1.4% $148 / Sq Ft
05/24/2025 05/24/25 Pending -- -- --
05/20/2025 05/20/25 For Sale $215,000 +33.1% $151 / Sq Ft
02/04/2022 02/04/22 Sold $161,500 0.0% $113 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $161,500 +70.0% $113 / Sq Ft
07/06/2021 07/06/21 Sold $95,000 +5.7% $67 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $89,900 -- $63 / 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 $2,786 $162,500 $31,800 $130,700
2022 $2,528 $141,000 $31,800 $109,200
2021 $2,600 $122,000 $28,800 $93,200
2020 $2,600 $117,800 $24,300 $93,500
2019 $2,675 $109,000 $24,300 $84,700
2018 $2,102 $109,000 $24,300 $84,700
2017 $2,209 $103,900 $24,300 $79,600
2016 $2,209 $103,900 $24,300 $79,600
2015 $2,277 $106,992 $24,252 $82,740
2014 $2,155 $106,992 $24,252 $82,740
2013 $2,119 $106,992 $24,252 $82,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2103871

Cedar Rapids Area Association of REALTORS®

APN: 14312-77005-00000