NOT LISTED FOR SALE

3401 Otis Rd SE Cedar Rapids, IA 52403

Estimated Value: $185,000 - $252,039

3 Beds
2 Baths
1,152 Sq Ft
$193/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $164,885 $143 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,462/month

Highlights

  • Ranch Style House
  • Forced Air Cooling System
  • Combination Kitchen and Dining Room
  • 2 Car Detached Garage
  • Patio
  • Storage Shed

About This Home

As of June 2022

Country Living Close to Town! Easy access to hwy 13, hwy 30, and Downtown CR. Modest ranch home on 3.970 acres. House was completely renovated after August 2020 Derecho. Nearly everything inside and out is new. Check out this slice of paradise!

Last Agent to Sell the Property

Lena Gilbert

SKOGMAN REALTY Listed on: 04/24/2022

SKOGMAN REALTY

Last Buyer's Agent

Lena Gilbert

SKOGMAN REALTY Listed on: 04/24/2022

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,851

Year Built

  • 1979

Lot Details

  • 3.97 Acre Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,152 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Storage Shed

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,851

Year Built

1979

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 3.9720
  • Above Grade Finished Sq Ft: 1152
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 2851
  • List User Cell Phone: 319-241-9249
  • Miscellaneous: Cable Ready, Patio, Storage Shed
  • Net Tax: 2722
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.17775
  • Ratio Close Price By Original Li: 1.17775
  • Ratio Current Price By Sq Ft: 143.13
  • Total Sq Ft: 1152
  • Taxable Value Tv: 189800.00
  • Water Sewer Roads: Septic System, Well Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1979

Interior Features

  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Washer, Water Heater – Gas
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 3
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Room Count: 5
  • Site Description: In-Town Acrg

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Detached
  • Garage Size: 576

Utilities

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

Schools

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

Lot Info

  • Lot Size: 3.972

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2022
Closed on
May 24, 2022
Sold by
Wayne Hamilton David
Bought by
Hamilton Jonathan Lee
Seller's Agent
Lena Gilbert
SKOGMAN REALTY
Buyer's Agent
Lena Gilbert
SKOGMAN REALTY
List Price
$140,000
Sold Price
$164,885
Premium/Discount to List
$24,885
17.78%
Current Estimated Value
$222,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,375
Avg. Annual Appreciation
8.06%
Original Mortgage
$138,000
Outstanding Balance
$132,211
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$77,281
Source: Public Records

Range of Values:

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Average Value
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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
Hamilton Jonathan Lee $165,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Jonathan Lee $138,000
Previous Owner Hamilton David Wayne $35,502
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $164,885 +17.8% $143 / Sq Ft
04/24/2022 04/24/22 Pending -- -- --
04/24/2022 04/24/22 For Sale $140,000 -- $122 / 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
2023 $2,806 $244,700 $80,000 $164,700
2022 $2,510 $198,900 $80,000 $118,900
2021 $2,242 $189,800 $80,000 $109,800
2020 $2,242 $157,800 $49,900 $107,900
2019 $2,076 $149,500 $49,900 $99,600
2018 $2,026 $149,500 $49,900 $99,600
2017 $2,108 $143,600 $49,900 $93,700
2016 $2,108 $143,600 $49,900 $93,700
2015 $2,118 $143,600 $49,900 $93,700
2014 $1,990 $143,600 $49,900 $93,700
2013 $1,948 $143,600 $49,900 $93,700
Source: Public Records

Agents Affiliated with this Home

  • Lena Gilbert

    Seller's Agent in 2022

    Lena Gilbert

    SKOGMAN REALTY

    (319) 241-9249

    112 Total Sales

    Lena Gilbert
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2203666

Cedar Rapids Area Association of REALTORS®

APN: 14363-51002-00000

Iowa Linn County Cedar Rapids 52403

3401 Otis Rd SE, Cedar Rapids, IA

This home is located at 3401 Otis Rd SE, Cedar Rapids, IA 52403 since 24 April 2022 and is currently estimated at $222,260, approximately $192 per square foot. This property was built in 1979. 3401 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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