NOT LISTED FOR SALE

3131 Southland St SW Cedar Rapids, IA 52404

Southwest Area Neighborhood

Estimated Value: $153,000 - $222,000

2 Beds
2 Baths
2,000 Sq Ft
$93/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $110,000 $55 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,168/month

16 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Hot Water Heating System
  • Junction City Elementary School Rated A
  • Eat-In Kitchen
  • Family Room

About This Home

As of April 2020

You won't want to miss this one! Situated on 1/2 Acre lot, in town. This 2 bedroom, 2 bath home is ready for it's next owner. This home is very clean and in need of some updates. There's a walk out lower level, too! Wooded backyard with new 24 x 24 garage at back. Note: there is not a separate driveway to garage in back.

Last Agent to Sell the Property

Matt Smith

RE/MAX CONCEPTS Listed on: 02/17/2020

RE/MAX CONCEPTS

Last Buyer's Agent

Tessa Grimm

Pinnacle Realty LLC

Pinnacle Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,970

Year Built

  • 1962

Lot Details

  • 0.51 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Family Room

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Gas Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,970

Year Built

1962

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.5050
  • Above Grade Finished Sq Ft: 1200
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen
  • Gross Tax: 1970
  • List User Cell Phone: 319-431-5859
  • Low Lvl Fin Sq Ft: 800
  • Miscellaneous: Cable Ready
  • Net Tax: 1786
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00182
  • Ratio Close Price By Original Li: 0.95652
  • Ratio Current Price By Sq Ft: 91.67
  • Total Sq Ft: 2000
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1962

Interior Features

  • Appliances Included: Disposal, Microwave, Refrigerator, Water Heater – Gas
  • Additional Room: 1st Floor Family
  • Basement: Full, Walkout
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Level 1 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Detached

Utilities

  • Heating Cooling: Hot Water Heat

Lot Info

  • Lot Size: .505 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2020
Closed on
Apr 15, 2020
Sold by
Handley Re and Handley Yulanda K
Bought by
Schoon Michael
Seller's Agent
Matt Smith
RE/MAX CONCEPTS
Buyer's Agent
Tessa Grimm
Pinnacle Realty LLC
List Price
$115,000
Sold Price
$110,000
Premium/Discount to List
-$5,000
-4.35%
Current Estimated Value
$186,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,868
Avg. Annual Appreciation
9.89%
Original Mortgage
$5,000
Outstanding Balance
$4,437
Interest Rate
3.6%
Mortgage Type
Stand Alone Second
Estimated Equity
$182,431

Purchase Details

Closed on
Feb 4, 2011
Sold by
Handley Sylvester R and Handley Marie E
Bought by
Handley Rodney E and Patton Yulanda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,064
Interest Rate
4.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 2011
Sold by
Pealer Chad A and Pealer Janet M
Bought by
Handley Sylvester R and Handley Marie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,064
Interest Rate
4.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 14, 2005
Sold by
Pealer Lynne M
Bought by
Pealer Chad A and Pealer Aaron M

Purchase Details

Closed on
Aug 21, 1998
Sold by
Hupe Pamela K
Bought by
Hupe Gerald M and Hupe Pamela K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schoon Michael $110,000 First American Mortgage Sln
Handley Re $81,500 None Available
Handley Rodney E $81,214 None Available
Handley Sylvester R $80,500 None Available
Pealer Chad A -- None Available
Hupe Gerald M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Handley Re $5,000
Open Handley Re $105,500
Previous Owner Handley Rodney E $81,064
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2020 04/10/20 Sold $110,000 +0.2% $55 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
03/02/2020 03/02/20 Price Changed $109,800 -4.5% $55 / Sq Ft
02/17/2020 02/17/20 For Sale $115,000 -- $58 / 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 $2,206 $172,400 $41,600 $130,800
2024 $2,194 $161,600 $33,300 $128,300
2023 $2,194 $135,100 $33,300 $101,800
2022 $2,086 $112,900 $29,100 $83,800
2021 $2,138 $109,700 $25,000 $84,700
2020 $2,138 $96,900 $25,000 $71,900
2019 $1,786 $91,400 $25,000 $66,400
2018 $1,732 $91,400 $25,000 $66,400
2017 $1,764 $89,500 $25,000 $64,500
2016 $1,903 $89,500 $25,000 $64,500
2015 $1,909 $89,706 $25,011 $64,695
2014 $1,724 $79,700 $25,011 $54,689
2013 $1,474 $79,700 $25,011 $54,689
Source: Public Records

Agents Affiliated with this Home

  • Matt Smith

    Seller's Agent in 2020

    Matt Smith

    RE/MAX

    (319) 431-5859

    5 in this area

    181 Total Sales

    Matt Smith
    Section Image
  • Tessa Grimm

    Buyer's Agent in 2020

    Tessa Grimm

    Pinnacle Realty LLC

    (319) 521-1991

    13 in this area

    150 Total Sales

    Tessa Grimm
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2001207

Cedar Rapids Area Association of REALTORS®

APN: 19041-01015-00000

Iowa Linn County Cedar Rapids 52404 Southwest Area

3131 Southland St SW, Cedar Rapids, IA

Not Listed for Sale

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