NOT LISTED FOR SALE

2700 Madison Ln Urbana, IA 52345

Estimated Value: $404,000 - $448,593

5 Beds
3 Baths
3,045 Sq Ft
$141/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $296,500 $97 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,910/month

22 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Ranch Style House
  • Center Point-Urbana Middle School Rated A-
  • Vaulted Ceiling
  • Great Room with Fireplace

About This Home

As of May 2018

Gorgeous craftsman style ranch on 1.66 acres on the west side of Urbana! Located at the end of a cul de sac with little or no traffic, this home has great curb appeal with shake siding on the front of the home, not to mention the impressive interior. Before we get there, you have a 824 square foot infrared heated garage, and a massive back deck that includes a nicely finished pergola. The back yard is park like with trees and plenty of landscaping along with a nicely sized garden area. Also included is a shed that measures 16 x 16. The interior leads off with a beautiful kitchen with ample storage, hardwood oak flooring, solid oak doors, custom trim, 9 foot ceilings and a vaulted great room and a slate tiled fireplace. The finished lower level includes a wet bar, rec and family room with built ins, 2 large bedrooms and a nicely sized bath. Country living right on the edge of town!!! Do not miss it!!

Last Agent to Sell the Property

Mitch Weideman

SKOGMAN REALTY Listed on: 03/15/2018

SKOGMAN REALTY

Co-Listed By

Anne Weideman

IOWA REALTY

Last Buyer's Agent

Bri Loeffler

Keller Williams Legacy Group

Keller Williams Legacy Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,931

Year Built

  • 2006

Lot Details

  • 1.66 Acre Lot
  • Cul-De-Sac

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
  • Laundry on main level

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Storage Shed

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,931

Year Built

2006

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 1.6600
  • Above Grade Finished Sq Ft: 1645
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Lower Level Bedroom: 2
  • Total Bedrooms: 5
  • City Name: Urbana
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 5931
  • House Size: 3045
  • List User Cell Phone: 319-929-1483
  • Low Lvl Fin Sq Ft: 1400
  • Miscellaneous: Cable Ready, Deck, Storage Shed, Vaulted Ceiling
  • Net Tax: 5740
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.98833
  • Ratio Close Price By Original Li: 0.98833
  • Ratio Current Price By Sq Ft: 180.24
  • Total Sq Ft: 3045
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Electric
  • 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, In-Town Acrg

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 3 Cars, Attached, Heated Garage
  • Garage Size: 824

Utilities

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

Schools

  • Elementary School: CenterPt/Urbana
  • Middle School: CenterPt/Urbana
  • High School: CenterPt/Urbana

Lot Info

  • Lot Size: 1.66Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2018
Closed on
May 1, 2018
Sold by
Horst Wendell J and Horst Brenda M
Bought by
Schmelz Justin and Schmelz Lisa
Seller's Agent
Mitch Weideman
SKOGMAN REALTY
Buyer's Agent
Bri Loeffler
Keller Williams Legacy Group
List Price
$300,000
Sold Price
$296,500
Premium/Discount to List
-$3,500
-1.17%
Current Estimated Value
$427,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,398
Avg. Annual Appreciation
4.82%
Original Mortgage
$196,500
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2008
Sold by
Timmland Matthew Lee and Timm Ann Marrie
Bought by
Horst Wendell J and Horst Brenda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2006
Sold by
Design Homes Inc
Bought by
Timm Matthew Lee and Timm Ann Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,800
Interest Rate
6.33%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Schmelz Justin $296,500 --
Horst Wendell J $263,000 None Available
Timm Matthew Lee $45,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmelz Justin $185,500
Closed Schmelz Justin $196,500
Previous Owner Horst Wendell J $120,000
Previous Owner Horst Wendell J $150,000
Previous Owner Horst Wendell J $248,000
Previous Owner Horst Wendell J $248,000
Previous Owner Timm Matthew Lee $19,739
Previous Owner Timm Matthew Lee $12,010
Previous Owner Timm Matthew Lee $216,000
Previous Owner Timm Matthew Lee $27,000
Previous Owner Timm Matthew Lee $204,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2018 05/04/18 Sold $296,500 -1.2% $97 / Sq Ft
04/06/2018 04/06/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $300,000 -- $99 / 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
2024 $7,156 $380,200 $64,500 $315,700
2023 $6,670 $380,200 $64,500 $315,700
2022 $6,576 $310,700 $51,600 $259,100
2021 $6,576 $310,700 $51,600 $259,100
2020 $6,154 $291,100 $46,100 $245,000
2019 $6,052 $291,100 $46,100 $245,000
2018 $5,896 $278,900 $41,200 $237,700
2017 $5,740 $278,900 $41,200 $237,700
2016 $5,540 $264,800 $39,600 $225,200
2015 $5,540 $264,800 $39,600 $225,200
2014 $5,108 $245,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mitch Weideman

    SKOGMAN REALTY

    Section Image

  • A

    Seller Co-Listing Agent in 2018

    Anne Weideman

    IOWA REALTY

    Section Image

  • B

    Buyer's Agent in 2018

    Bri Loeffler

    Keller Williams Legacy Group

    (319) 721-9537

    71 Total Sales

    Bri Loeffler
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1801693

Cedar Rapids Area Association of REALTORS®

APN: 20015720

Iowa Benton County Urbana 52345

2700 Madison Ln, Urbana, IA

This home is located at 2700 Madison Ln, Urbana, IA 52345 since 15 March 2018 and is currently estimated at $427,898, approximately $140 per square foot. This property was built in 2006. 2700 Madison Ln is a home located in Benton County with nearby schools including Center Point-Urbana Primary School, Center Point-Urbana Intermediate School, and Center Point-Urbana Middle 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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