NOT LISTED FOR SALE

3791 Cottage Reserve Rd NE Solon, IA 52333

Estimated Value: $1,356,000 - $1,479,000

5 Beds
3.5 Baths
4,013 Sq Ft
$351/Sq Ft Est. Value

Last Sold January 28, 2013

Last sale price $840,000 $209 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $8,844/month

2 Days on Market

Highlights

  • Docks
  • Waterfront
  • Fireplace in Primary Bedroom
  • Solon Middle School Rated A-
  • Community Lake
  • Deck

About This Home

As of January 2013

WATERFRONT HOME 35' from LAKE MCBRIDE with 60' of lake access add a dock. The Great Room has floor to ceiling glass stunning views of the lake and protected wooded surroundings and a limestone fireplace. Open kitchen has GR Room lake view with maple cabinetry and marble counters with an island for food preparation or casual dining. Master Bedroom Luxury retreat, 9' slider + access to the deck; sitting area w/fireplace,walk-in closet, 6' whirlpool tub and 4' shower

Last Agent to Sell the Property

Alan Wells

Elite First Realty Iowa City, Inc. Listed on: 01/19/2013

Last Buyer's Agent

Tracy Reiten

Lepic-Kroeger, REALTORS

Lepic-Kroeger, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,414

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 63 x 120
  • Waterfront
  • Level Lot
  • Sprinkler System
  • Private Yard

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • 3 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Rear Stairs
  • Bookcases
  • Vaulted Ceiling
  • Whole House Fan
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Great Room with Fireplace
  • 3 Fireplaces
  • Family Room Downstairs
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Recreation Room

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

Outdoor Features

  • Docks
  • Balcony
  • Deck
  • Shed
  • Outbuilding

Schools

  • Solon Elementary And Middle School
  • Solon High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Private Water Source
  • Water Softener is Owned
  • Sewer in Street
  • Community Sewer or Septic
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0229404004

Community Details

Overview

  • Association fees include reserve fund, sewer, street maintenance, water
  • Built by Wells Homes
  • Cottage Reserve Subdivision
  • Community Lake

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,414

Year Built

Built in 1995

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 4013
  • Homebuilder: Wells Homes
  • Number of Lower Level Three Quarter Bathrooms: 1
  • Owner Name L F Mi: Solon State Bank
  • Ownership Type: Single Family
  • Photo Code: Complete
  • Remarks: See Assoc Docs for full list of features and Seller Disclosure. DNR Dock Permit Buyer Applies for . Best View Lot Rear Faces South and UI Sailing Center.There is a $2500 new owner association fee, $140 mo. fee for water, sewer, and street maintenance.
  • T Val: 840000
  • Year Built: 1995
  • Tax Year Report: 2011
  • Subdivision: Cottage Reserve
  • Directions: From Iowa City go North on Hwy #1, turn lft (180th Street) when entering Solon at the New Bridge Bank, follow until Macbride Causeway turn right at Cottage Reserve Rd sign. Property on left when entering Private Cottage Reserve stone pillar entry.
  • S O1 Dues Paid: y
  • Amenities: Lake, Neighborhood Assoc., Park
  • Basement Remarks: Block, Finished, Full, Walkout
  • Fireplace Type Location: In Great/Family Room, In LL, In Primary Bedroom, Gas Starter, Wood Burning
  • Interior R: Bookcases, Cable Available, Ceiling-9+ ft, Foyer-Entrance, Foyer-2 Story, Rear Stairs, Skylight, Vaulted Ceiling, Wet Bar, Whirlpool
  • Kitchen Breakfast R: Breakfast Bar, Pantry
  • Lot Description R: Less than .5 Acre, Dock or Dock Rights, Level, Private Backyard, Waterfront
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2 Story
  • Remarks2: WATERFRONT HOME 35' from LAKE MCBRIDE with 60' of lake access add a dock. The Great Room has floor to ceiling glass stunning views of the lake and protected wooded surroundings and a limestone fireplace. Open kitchen has GR Room lake view with maple cabinetry and marble counters with an island for food preparation or casual dining. Master Bedroom Luxury retreat, 9' slider + access to the deck; sitting area w/fireplace,walk-in closet, 6' whirlpool tub and 4' shower
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cook Top Separate, Dishwasher, Double Oven, Icemaker Line, Microwave, Wall Oven, Refrigerator, Trash Compactor, Central Vacuum, Dryer, Washer
  • Number Bedrooms Lower: 1
  • Number Bedrooms Upper: 3
  • Number Bedrooms Main: 1
  • Sq Ft Above: 2453
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Total Three Quarter Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 5
  • Total Bathrooms: 4
  • Dining Room Level: Main
  • Family Room Level: Lower
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 1560
  • Laundry Location: Laundry Room, 1st Floor, Basement
  • Mstr Br Level: Main
  • Mstr Br Width: 15
  • Number of Fireplaces: 3
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Balcony, Deck, Outbuildings, Shed, Sprinkler System

Garage/Parking

  • Parking Spaces: 3 Cars

Utilities

  • Internet: Yes
  • Water Sewer: Private Water, Sewer Connected, Sewer In Street, Community Septic, Water Softener (Owned)
  • Heating Cooling: Ceiling Fans, Whole House Fan, Electric, Gas, Baseboard, Central, Forced Air, Zoned/Dual

Condo/Co-op/Association

  • Association Fee: 1680
  • Fees Include: Reserve Fund, Sewer, Street Maintenance, Water

Schools

  • Elementary School: Solon
  • Middle School: Solon
  • High School: Solon
  • High School: Solon
  • Jr Middle School: Solon
  • Elementary School: Solon

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Lot Dimensions: 63 X 120
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 9104
  • Assessor Parcel Number: 0229404004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2013
Closed on
Feb 6, 2013
Sold by
Solon Satte Bank
Bought by
Whitford Brien S and Whitford Jennifer M
Seller's Agent
Alan Wells
Elite First Realty Iowa City, Inc.
Buyer's Agent
Tracy Reiten
Lepic-Kroeger, REALTORS
List Price
$840,000
Sold Price
$840,000
Current Estimated Value
$1,355,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,160
Avg. Annual Appreciation
4.20%
Original Mortgage
$417,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2013
Closed on
Jan 22, 2013
Sold by
Wells Alan L
Bought by
Solon State Bank
Seller's Agent
Alan Wells
Elite First Realty Iowa City, Inc.
Buyer's Agent
Tracy Reiten
Lepic-Kroeger, REALTORS
List Price
$840,000
Sold Price
$840,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2013
Closed on
Dec 17, 2012
Sold by
Wells Alan L
Bought by
Solon State Bank
Seller's Agent
Alan Wells
Elite First Realty Iowa City, Inc.
Buyer's Agent
Tracy Reiten
Lepic-Kroeger, REALTORS
List Price
$840,000
Sold Price
$840,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2006
Sold by
Komchar Lisa A and Wells Lisa A
Bought by
Wells Alan L
Source: Public Records

Range of Values:

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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
Whitford Brien S $820,000 None Available
Solon State Bank -- None Available
Solon State Bank $544,500 None Available
Wells Alan L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitford Brien $510,400
Closed Whitford Brien S $463,880
Closed Whitford Brien S $123,000
Closed Whitford Brien S $239,000
Closed Whitford Brien S $417,000
Previous Owner Wells Alan L $2,279
Previous Owner Wells Alan L $350,000
Previous Owner Wells Alan L $499,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2013 01/28/13 Sold $840,000 0.0% $209 / Sq Ft
01/21/2013 01/21/13 Pending -- -- --
01/19/2013 01/19/13 For Sale $840,000 +54.3% $209 / Sq Ft
12/17/2012 12/17/12 Sold $544,492 -9.3% $136 / Sq Ft
08/08/2012 08/08/12 Pending -- -- --
08/08/2012 08/08/12 For Sale $600,000 -- $150 / Sq Ft
Source: Iowa City 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
2024 $15,414 $1,159,600 $488,000 $671,600
2023 $11,972 $1,159,600 $488,000 $671,600
2022 $11,852 $769,400 $274,500 $494,900
2021 $11,700 $770,200 $274,500 $495,700
2020 $11,700 $725,100 $274,500 $450,600
2019 $12,154 $725,100 $274,500 $450,600
2018 $11,896 $743,600 $274,500 $469,100
2017 $12,064 $743,600 $274,500 $469,100
2016 $11,588 $729,900 $274,500 $455,400
2015 $11,588 $729,900 $274,500 $455,400
2014 $11,190 $679,800 $274,500 $405,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20130700

Iowa City Area Association of REALTORS®

APN: 0229404004