NOT LISTED FOR SALE

2703 Schaeffer Dr SW Cedar Rapids, IA 52404

Southwest Area Neighborhood

Estimated Value: $203,000 - $236,470

3 Beds
2 Baths
1,768 Sq Ft
$124/Sq Ft Est. Value

About This Home

This home is located at 2703 Schaeffer Dr SW, Cedar Rapids, IA 52404 and is currently estimated at $219,368, approximately $124 per square foot. 2703 Schaeffer Dr SW is a home located in Linn County with nearby schools including Wilson Middle School, Thomas Jefferson High School, and Holy Family School St. Ludmila Center.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2022
Sold by
Living Homes & Investments Llc
Bought by
Smestad Kevin and Smestad Dica
Current Estimated Value
$219,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,477
Outstanding Balance
$156,031
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 2020
Sold by
Living Homes & Investments Llc
Bought by
Smestead Kevin and Smestead Dica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Feb 22, 2016
Sold by
Forbes Larry W
Bought by
Living Homes & Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2016
Sold by
Byers Chad M
Bought by
Arsenault Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2011
Sold by
Oldham Patrick F and Oldham Christina M
Bought by
Forbes Larry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,200
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2000
Sold by
Barnard Miriko and Barnard Dawn M
Bought by
Oldham Patrick F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 1998
Sold by
Schwab George E and Schwab Lynette F
Bought by
Barnard Roger D and Barnard Miriko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Smestad Kevin $180,000 None Listed On Document
Smestead Kevin $180,000 None Available
Living Homes & Investments Llc -- None Available
Arsenault Jennifer L -- None Available
Forbes Larry W $147,500 None Available
Oldham Patrick F $129,500 --
Barnard Roger D $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smestad Kevin $161,477
Previous Owner Smestead Kevin $175,000
Previous Owner Living Homes & Investments Llc $132,000
Previous Owner Forbes Larry W $133,200
Previous Owner Oldham Patrick F $35,600
Previous Owner Oldham Patrick F $25,000
Previous Owner Oldham Patrick F $123,500
Previous Owner Barnard Roger D $102,000
Source: Public Records

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 $3,930 $245,700 $47,300 $198,400
2022 $3,772 $186,300 $38,300 $148,000
2021 $3,714 $182,100 $38,300 $143,800
2020 $3,714 $176,900 $36,000 $140,900
2019 $3,186 $156,300 $36,000 $120,300
2018 $3,094 $156,300 $36,000 $120,300
2017 $3,147 $151,700 $36,000 $115,700
2016 $3,147 $148,100 $36,000 $112,100
2015 $2,962 $152,673 $36,000 $116,673
2014 $3,064 $156,437 $36,000 $120,437
2013 $3,258 $156,437 $36,000 $120,437
Source: Public Records

Map

Iowa Linn County Cedar Rapids 52404 Southwest Area

2703 Schaeffer Dr SW, Cedar Rapids, IA

This home is located at 2703 Schaeffer Dr SW, Cedar Rapids, IA 52404 and is currently estimated at $219,368, approximately $124 per square foot. 2703 Schaeffer Dr SW is a home located in Linn County with nearby schools including Wilson Middle School, Thomas Jefferson High School, and Holy Family School St. Ludmila Center.

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.

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