NOT LISTED FOR SALE

2627 Orchard Dr Unit 7 Cedar Falls, IA 50613

Estimated Value: $154,000 - $207,000

2 Beds
2 Baths
1,026 Sq Ft
$140/mo HOA Fee

Last Sold January 28, 2022

Last sale price $132,000 $129 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,207/month

26 Days on Market

Highlights

  • Wooded Lot
  • Vaulted Ceiling
  • 1 Car Detached Garage
  • Peet Junior High School Rated A-
  • Balcony
  • Covered Deck

About This Home

As of January 2022

MOVE-IN Ready - Spacious Two Bed, Two Bath Condo with one stall garage on the second floor in a secured quiet location. With an open concept floor plan and vaulted ceilings throughout the kitchen and living room, you can walk into the nice screened in covered deck through the sliding doors to experience the pleasant view. The spacious master bedroom suite offers a large 3⁄4 bath with a good amount of closet space. The second bedroom comes with walk-in closet and a regular closet as well – A perfect guest or an office room. Laundry room is easily accessible to both bedrooms for convenience. Kitchen comes with plenty of counter space and Oak Trim Cabinetry with knobs. The best part is: All appliances are included! You will fall in love with the beautiful view from our screened in patio, master bedroom and quiet neighborhood. HOA of $140 per month includes water, sewer, garbage, snow removal, lawn care, Exterior Building Maintenance and Building Insurance. This property is protected by newly installed Radon Mitigation system This is a great opportunity for an affordable, easy living in this great central location close to shopping, restaurants, and UNI. This is property is for Owner-Occupant Buyers Only. Pets Must Weigh Less Than 35 Lbs. This property has secured building access.

Last Agent to Sell the Property

Scott Norris

Fischels Residential Group License #S586590 Listed on: 11/17/2021

Fischels Residential Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,909

Year Built

  • Built in 2005

Lot Details

  • Wooded Lot

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,026 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Property Views

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry closet
  • Washer

Outdoor Features

  • Balcony
  • Covered Deck

Schools

  • Orchard Hill Elementary School
  • Peet Junior High
  • Cedar Falls High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Water Purifier

Community Details

  • Built by Minard Construction
  • Legacy Cove Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number 891320301036

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,909

Year Built

Built in 2005

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Parcel Number: 891320301036
  • Year Built: 2005
  • Property Sub-Type: Condominium
  • PropertyType: Residential
  • ResoLaundryFeatures: Dryer Hookup-Gas, Laundry Closet, Washer Hookup
  • ResoLotFeatures: Views, Wooded
  • Road Frontage Type: Private Road
  • Road Surface Type: Black Top
  • Co List Office Phone: 319-234-5000
  • MLS Status: Closed
  • Subdivision Name: Legacy Cove Condominiums
  • Architectural Style: Condominium
  • Reso Fireplace Features: None
  • Reso Interior Features: Vaulted Ceiling(s), Ceiling Fan/Light
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 1026
  • ImprovementRating: Updated
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Appliances Negotiable, Dishwasher, Disposal, MicroHood, Refrigerator, Washer, Water Purifier, Electric Water Heater
  • Basement: None
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • BelowGradeArea: 0

Exterior Features

  • Construction Type: Brk Accent, Vinyl Siding
  • Exterior Features: Balcony/Loft, Sidewalk, Covered Deck

Garage/Parking

  • Parking Features: 1 Stall, Detached Garage

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric, Heat Pump
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 140
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Orchard Hill Elementary
  • High School: Cedar Falls High
  • Middle Or Junior School: Peet Junior High

Lot Info

  • Zoning: C-1
  • Lot Dimensions: 0
  • Additional Parcels: No

Building Info

  • Builder Name: Minard Construction

Tax Info

  • Tax Annual Amount: 1908.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Jan 22, 2022
Sold by
Hemanth Vuppala Venkata Krishna and Hemanth Gayath
Bought by
Velic Mirveta and Velic Nihad
Seller's Agent
Scott Norris
Fischels Residential Group
List Price
$142,500
Sold Price
$132,000
Premium/Discount to List
-$10,500
-7.37%
Current Estimated Value
$170,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,135
Avg. Annual Appreciation
6.87%
Original Mortgage
$105,600
Outstanding Balance
$83,221
Interest Rate
2.43%
Mortgage Type
New Conventional
Estimated Equity
$86,914

Purchase Details

Listed on
May 9, 2018
Closed on
Jul 13, 2018
Sold by
Reints Marlene K
Bought by
Hemanth-Vuppala Venkata K and Vuppala Gayathri
Seller's Agent
Linda Curran
Oakridge Real Estate
List Price
$116,000
Sold Price
$113,500
Premium/Discount to List
-$2,500
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%
Original Mortgage
$85,800
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Velic Mirveta $132,000 New Title Company Name
Hemanth-Vuppala Venkata K $113,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velic Mirveta $105,600
Previous Owner Hemanth-Vuppala Venkata K $85,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2022 01/28/22 Sold $132,000 -5.4% $129 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
12/07/2021 12/07/21 Price Changed $139,500 -2.1% $136 / Sq Ft
11/17/2021 11/17/21 For Sale $142,500 +25.6% $139 / Sq Ft
07/13/2018 07/13/18 Sold $113,500 0.0% $111 / Sq Ft View Prior Sale
06/09/2018 06/09/18 Off Market $113,500 -- --
05/09/2018 05/09/18 For Sale $116,000 -- $113 / Sq Ft
Source: Northeast Iowa Regional Board 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 $2,048 $145,990 $22,670 $123,320
2024 $2,048 $137,490 $22,670 $114,820
2023 $2,010 $137,490 $22,670 $114,820
2022 $2,032 $117,700 $9,720 $107,980
2021 $1,908 $117,700 $9,720 $107,980
2020 $1,868 $111,120 $9,720 $101,400
2019 $1,868 $111,120 $9,720 $101,400
2018 $1,892 $111,120 $9,720 $101,400
2017 $1,892 $111,120 $9,720 $101,400
2016 $1,810 $111,120 $9,720 $101,400
2015 $1,810 $111,120 $9,720 $101,400
2014 $1,746 $106,410 $9,720 $96,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20215496

Northeast Iowa Regional Board of REALTORS®

APN: 8913-20-301-036