NOT LISTED FOR SALE

318 Highland Dr NW Cedar Rapids, IA 52405

Estimated Value: $111,000 - $124,087

3 Beds
1 Bath
908 Sq Ft
$129/Sq Ft Est. Value

Last Sold March 04, 2016

Last sale price $63,000 $69 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $730/month

126 Days on Market

Highlights

  • Living Room with Fireplace
  • Main Floor Primary Bedroom
  • Forced Air Cooling System
  • Junction City Elementary School Rated A
  • 1 Car Detached Garage
  • Combination Kitchen and Dining Room

About This Home

As of March 2016

Investor alert or buy and pay less to own than rent! This home is currently being rented out for $800 per a month. Walking in the front door you’re greeted by a well kept living room featuring natural hardwood floors. Just off to the right you’ll see a bedroom that could also be used as an office. This home has had a kitchen and bathroom remodel in recent years as well as vinyl siding! This home is a great value for anyone!

Last Agent to Sell the Property

Robert Stiles

Revolution Realty Team LLC Listed on: 09/21/2015

Co-Listed By

Jeremy Wilson

Infiniti Realty

Last Buyer's Agent

Robert Stiles

Revolution Realty Team LLC Listed on: 09/21/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,200

Year Built

  • 1924

Lot Details

  • Lot Dimensions are 64 x 35

Parking

  • 1 Car Detached Garage

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 908 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Partial Basement

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,200

Year Built

1924

Lot Details

0

Listing Details

  • Style: 1.5 Story
  • Above Grade Finished Sq Ft: 908
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 1200
  • List User Cell Phone: 319-210-0338
  • Miscellaneous: Cable Ready
  • Net Tax: 1200
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.96998
  • Ratio Close Price By Original Li: 0.96998
  • Ratio Current Price By Sq Ft: 69.38
  • Total Sq Ft: 908
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1924

Interior Features

  • Appliances Included: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Basement: Partial
  • Full Bathrooms: 1
  • Bedrooms Level 1: 2
  • Bedrooms Level 2: 1
  • Fireplace Features: Living Room
  • Level 1 Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 1 Car, Detached
  • Garage Size: 12X18

Utilities

  • Heating Cooling: Forced Air, Gas Heat

Lot Info

  • Lot Size: 64 X 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2015
Closed on
Mar 3, 2016
Sold by
Pearson Emily D
Bought by
Mitchell Investments Llc
Seller's Agent
Robert Stiles
Revolution Realty Team LLC
Buyer's Agent
Robert Stiles
Revolution Realty Team LLC
List Price
$64,950
Sold Price
$63,000
Premium/Discount to List
-$1,950
-3%
Current Estimated Value
$116,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,772
Avg. Annual Appreciation
6.53%
Original Mortgage
$50,400
Outstanding Balance
$39,984
Interest Rate
3.72%
Mortgage Type
Commercial
Estimated Equity
$76,788

Purchase Details

Listed on
Sep 21, 2015
Closed on
Feb 26, 2016
Sold by
Jakobsen Enterprises Llc
Bought by
Pearson Emily D
Seller's Agent
Robert Stiles
Revolution Realty Team LLC
Buyer's Agent
Robert Stiles
Revolution Realty Team LLC
List Price
$64,950
Sold Price
$63,000
Premium/Discount to List
-$1,950
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Outstanding Balance
$39,984
Interest Rate
3.72%
Mortgage Type
Commercial
Estimated Equity
$76,788

Purchase Details

Listed on
Apr 9, 2012
Closed on
Jun 27, 2012
Sold by
Federal National Mortgage Association
Bought by
Jakobsen Enterprises Llc
Seller's Agent
Judi Mccoy
IOWA REALTY CORRIDOR
Buyer's Agent
Marlyne Miller
SKOGMAN REALTY
List Price
$43,900
Sold Price
$41,000
Premium/Discount to List
-$2,900
-6.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%
Original Mortgage
$49,200
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2012
Sold by
Bailey Diana K
Bought by
Federal National Mortgage Association
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
Mitchell Investments Llc -- None Available
Pearson Emily D -- None Available
Jakobsen Enterprises Llc -- None Available
Federal National Mortgage Association $60,417 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Investments Llc $50,400
Closed Pearson Emily D $50,400
Previous Owner Jakobsen Enterprises Llc $49,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2016 03/04/16 Sold $63,000 -3.0% $69 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
09/21/2015 09/21/15 For Sale $64,950 +58.4% $72 / Sq Ft
06/28/2012 06/28/12 Sold $41,000 -6.6% $48 / Sq Ft View Prior Sale
05/15/2012 05/15/12 Pending -- -- --
04/09/2012 04/09/12 For Sale $43,900 -- $51 / 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 $1,378 $88,000 $15,600 $72,400
2024 $1,550 $77,900 $14,400 $63,500
2023 $1,550 $77,900 $14,400 $63,500
2022 $1,416 $73,500 $12,700 $60,800
2021 $1,436 $68,400 $12,100 $56,300
2020 $1,436 $65,100 $10,400 $54,700
2019 $1,330 $61,700 $10,400 $51,300
2018 $1,260 $61,700 $10,400 $51,300
2017 $1,248 $57,300 $10,400 $46,900
2016 $1,198 $56,400 $9,200 $47,200
2015 $1,196 $56,227 $9,240 $46,987
2014 $1,196 $56,227 $9,240 $46,987
2013 $1,170 $56,227 $9,240 $46,987
Source: Public Records

Agents Affiliated with this Home

  • Robert Stiles

    Seller's Agent in 2016

    Robert Stiles

    Revolution Realty Team LLC

    (319) 210-0338

    21 Total Sales

    Robert Stiles
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jeremy Wilson

    Infiniti Realty

    (319) 929-5595

    24 Total Sales

    Jeremy Wilson
    Section Image

  • J

    Seller's Agent in 2012

    Judi Mccoy

    IOWA REALTY CORRIDOR

    Section Image

  • M

    Buyer's Agent in 2012

    Marlyne Miller

    SKOGMAN REALTY

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1590386

Cedar Rapids Area Association of REALTORS®

APN: 14292-28021-00000

Iowa Linn County Cedar Rapids 52405

318 Highland Dr NW, Cedar Rapids, IA

Not Listed for Sale

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