$162,500
SOLD SEP 26, 2022

2704 Otis Rd SE Cedar Rapids, IA 52403

Cedar Valley Neighborhood
3 Beds
1 Bath
1,338 Sq Ft
0.5 Acres

Recently Sold

$121 Per Sq Ft

10% Below List Price

18 Days on Market

Highlights

  • Recreation Room
  • Main Floor Primary Bedroom
  • Forced Air Cooling System
  • Raised Ranch Architecture
  • Eat-In Kitchen
  • Patio

About This Home

As of July 2025

Nice in town "country " feel with large lot. Great privacy with little neighboring properties. Newer furnace. Hardwood flooring. Usable finished lower level. In an Estate. Need 24 hours to present offers to Executor.

Last Agent to Sell the Property

Doug Lemon

SKOGMAN REALTY Listed on: 07/19/2022

SKOGMAN REALTY

Last Buyer's Agent

Brandon Moore

Burrington Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,650

Year Built

  • 1965

Lot Details

  • 0.5 Acre Lot

Home Design

  • Raised Ranch Architecture
  • Poured Concrete
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • Living Room
  • Recreation Room
  • Basement

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Car Garage
  • Tuck Under Parking
  • Garage Door Opener
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Storage Shed

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,650

Year Built

1965

Lot Details

0

Listing Details

  • Style: Raised Ranch
  • Acres: 0.5010
  • Above Grade Finished Sq Ft: 988
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen
  • Gross Tax: 2650
  • List User Cell Phone: 319-981-3535
  • Low Lvl Fin Sq Ft: 350
  • Miscellaneous: Cable Ready, Patio, Storage Shed
  • Net Tax: 2460
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.01594
  • Ratio Close Price By Original Li: 0.90303
  • Ratio Current Price By Sq Ft: 164.47
  • Total Sq Ft: 1338
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1965

Interior Features

  • Appliances Included: Dishwasher, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Gas
  • Additional Room: Living Room, Rec Room
  • Basement: 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: Aluminum

Garage/Parking

  • Garage/Parking: 1 Car, Drive Under, Guest Parking, Off Street Parking

Utilities

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

Schools

  • Elementary School: Erskine
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: Irregular

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2025
Closed on
Jul 14, 2025
Sold by
Northwoods Holdings Llc Protected Series
Bought by
Hahn James S and Trejo Lisa
Seller's Agent
Jim Willmsen
RE/MAX CONCEPTS
Buyer's Agent
Arlene Heck
RE/MAX CONCEPTS
List Price
$245,000
Sold Price
$198,000
Premium/Discount to List
-$47,000
-19.18%
Views
212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$192,060
Outstanding Balance
$192,060
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$7,776

Purchase Details

Closed on
Feb 11, 2025
Sold by
Linn County Sheriff
Bought by
Northwoods Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2022
Closed on
Aug 31, 2022
Sold by
Richard Krabacher Jeffrey
Bought by
Davidson Dorothy Ann
Seller's Agent
Doug Lemon
SKOGMAN REALTY
Buyer's Agent
Brandon Moore
Burrington Real Estate
List Price
$179,950
Sold Price
$162,500
Premium/Discount to List
-$17,450
-9.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%
Original Mortgage
$8,125
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2003
Sold by
Sotelo Thomas R and Sotelo Mary Jean
Bought by
Krabacher Jeffery R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.44%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $198,000 River Ridge Escrow
Warranty Deed $198,000 River Ridge Escrow
Sheriffs Deed $128,001 None Listed On Document
Sheriffs Deed $128,001 None Listed On Document
Fiduciary Deed $162,500 Security First Title
Warranty Deed $119,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $192,060 New Conventional
Closed $192,060 New Conventional
Previous Owner $159,556 FHA
Previous Owner $96,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Sold $198,000 -1.0% $148 / Sq Ft
06/30/2025 06/30/25 Pending -- -- --
06/02/2025 06/02/25 Price Changed $200,000 -2.4% $149 / Sq Ft
05/20/2025 05/20/25 Price Changed $205,000 -4.7% $153 / Sq Ft
05/09/2025 05/09/25 Price Changed $215,000 -4.4% $161 / Sq Ft
04/29/2025 04/29/25 Price Changed $225,000 -4.3% $168 / Sq Ft
04/21/2025 04/21/25 Price Changed $235,000 -4.1% $176 / Sq Ft
04/16/2025 04/16/25 For Sale $245,000 +50.8% $183 / Sq Ft
09/26/2022 09/26/22 Sold $162,500 +1.6% $121 / Sq Ft
08/06/2022 08/06/22 Pending -- -- --
08/03/2022 08/03/22 Price Changed $159,950 -11.1% $120 / Sq Ft
07/19/2022 07/19/22 For Sale $179,950 -- $134 / 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
2025 $2,492 $176,800 $55,100 $121,700
2024 $2,804 $155,500 $49,000 $106,500
2023 $2,804 $140,800 $42,800 $98,000
2022 $2,570 $141,800 $42,800 $99,000
2021 $2,460 $133,000 $42,800 $90,200
2020 $2,460 $120,100 $24,500 $95,600
2019 $2,186 $109,900 $24,500 $85,400
2018 $2,120 $109,900 $24,500 $85,400
2017 $2,303 $107,600 $24,500 $83,100
2016 $2,303 $108,400 $24,500 $83,900
2015 $2,111 $99,230 $24,476 $74,754
2014 $1,926 $99,230 $24,476 $74,754
2013 $1,880 $99,230 $24,476 $74,754
Source: Public Records

Agents Affiliated with this Home

  • Jim Willmsen

    Seller's Agent in 2025

    Jim Willmsen

    RE/MAX

    (319) 981-7653

    1 in this area

    69 Total Sales

    Jim Willmsen
    Section Image
  • Arlene Heck

    Buyer's Agent in 2025

    Arlene Heck

    RE/MAX

    (319) 389-5544

    1 in this area

    107 Total Sales

    Arlene Heck
    Section Image
  • Doug Lemon

    Seller's Agent in 2022

    Doug Lemon

    SKOGMAN REALTY

    (319) 363-8286

    1 in this area

    52 Total Sales

    Doug Lemon
    Section Image

  • B

    Buyer's Agent in 2022

    Brandon Moore

    Burrington Real Estate

    (319) 202-4727

    2 in this area

    15 Total Sales

    Brandon Moore
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2206218

Cedar Rapids Area Association of REALTORS®

APN: 14351-51002-00000

Iowa Linn County Cedar Rapids 52403 Cedar Valley

2704 Otis Rd SE, Cedar Rapids, IA

This home is located at 2704 Otis Rd SE, Cedar Rapids, IA 52403 and is currently priced at $162,500, approximately $121 per square foot. This property was built in 1965. 2704 Otis Rd SE is a home located in Linn County with nearby schools including Erskine Elementary School, McKinley STEAM Academy, and George Washington High 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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