2703 Schaeffer Dr SW Cedar Rapids, IA 52404
Southwest Area NeighborhoodEstimated payment $2,169/month
Highlights
- 0.57 Acre Lot
- Main Floor Primary Bedroom
- Formal Dining Room
- Deck
- No HOA
- 1 Car Detached Garage
About This Home
Don’t miss this updated home with a new primary suite in the lower level, plus 3 more bedrooms. This home has 2 bedrooms, full bath, formal dining room as well as an eat-in kitchen, family room, and sunroom. Upper level is a finished loft with a half bath. Lower level includes the newly finished primary bedroom suite, extra room for office or nonconforming bedroom, and another family room area, with plenty of storage. This property includes plenty of garage space with a newer 3 stall garage, another 1 stall heated garage and attached shed on house for more storage. Enjoy the fenced in large fenced in yard, with the deck and patio. Updates include newer new windows, siding, and gutters. All appliances stay. Swing set stays. Quiet neighborhood and close to restaurants, shopping, schools and I380. Updaters: 2025- New electrical box, new carpet in 2 bedrooms, remodel of kitchen; 2023- new water heater; 2022- all new windows, new siding, new furnace mother board & igniter; 2020-new roof, new front door, new primary bedroom in lower level, remodeled main floor bathroom. Buyer must verify SF and other data.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,387
Year Built
- Built in 1955
Lot Details
- 0.57 Acre Lot
- Lot Dimensions are 50x250
- Fenced
Parking
- 1 Car Detached Garage
- Heated Garage
- Garage Door Opener
Home Design
- Block Foundation
- Frame Construction
- Vinyl Siding
Interior Spaces
- 1.5-Story Property
- Family Room
- Living Room
- Formal Dining Room
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
- Shed
Schools
- Grant Elementary School
- Wilson Middle School
- Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 14334-77013-00000
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,162 | $242,200 | $47,300 | $194,900 |
| 2024 | $3,930 | $245,700 | $47,300 | $198,400 |
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | Price Changed | $335,000 | -1.5% | $137 / Sq Ft |
| 09/11/2025 09/11/25 | For Sale | $340,000 | -- | $139 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $180,000 | None Listed On Document | |
| Land Contract | $180,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $147,500 | None Available | |
| Warranty Deed | $129,500 | -- | |
| Warranty Deed | $127,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $161,477 | FHA | |
| Previous Owner | $175,000 | Land Contract Argmt. Of Sale | |
| Previous Owner | $133,200 | New Conventional | |
| Previous Owner | $123,500 | Purchase Money Mortgage | |
| Previous Owner | $102,000 | Purchase Money Mortgage |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2507723
APN: 14334-77013-00000
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