NOT LISTED FOR SALE

40 Rainbow Ct SE Cedar Rapids, IA 52403

Estimated Value: $426,798 - $477,000

4 Beds
2.5 Baths
2,992 Sq Ft
$150/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $405,000 $135 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,875/month

3 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Forced Air Cooling System
  • Recreation Room
  • Cul-De-Sac
  • Breakfast Bar

About This Home

As of May 2022

A REAL TREASURE located on a quiet cul-de-sac and an in-town acre, yet County taxes!! This charming, traditional 2-story home includes quality construction, updated kitchen and baths, 2nd floor laundry plus a 2nd hook-up in lower level, wood floors, custom built-ins, a 4-seasons sunroom overlooking the newly landscaped and wooded 1 acre lot. Additional features include new roof, new siding, new backyard fencing, deck, limestone patio and oversized garage. Full landscape plans drawn by Brett Seelman Landscape Architecture, sellers have implemented a portion of the plans and will level all plans with the house. This home is a pleasure to show!!! All offers to be accepted until 4pm Monday, March 28th. Offers to be presented to seller at 5pm on Monday the 28th.

Last Listed By

Jane Glantz

SKOGMAN REALTY Listed on: 03/25/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,460

Year Built

  • 1966

Lot Details

  • 1 Acre Lot
  • Cul-De-Sac
  • Fenced
  • Wooded Lot

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Tuck Under Parking
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

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

$4,460

Year Built

1966

Lot Details

0

Listing Details

  • Style: 2 Stories
  • Acres: 1.0000
  • Above Grade Finished Sq Ft: 2592
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.10
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Kitchen/Dining Combo
  • Gross Tax: 4460
  • List User Cell Phone: 319-551-3600
  • Low Lvl Fin Sq Ft: 400
  • Miscellaneous: Cable Ready, Deck, Fencing, Patio, Security System
  • Net Tax: 4460
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.01275
  • Ratio Close Price By Original Li: 1.01275
  • Ratio Current Price By Sq Ft: 156.25
  • Total Sq Ft: 2992
  • Water Sewer Roads: Public Street Maint., Septic System, Well Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1966

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Family, 2nd Floor Laundry, 4 Seasons, Living Room, Rec Room
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms Level 2: 4
  • Fireplace Features: Built In, Family Room
  • Level 2 Full Bathrooms: 2
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Site Description: Cul-De-Sac, In-Town Acrg, Wooded

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Brick, Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Drive Under
  • Garage Size: 2 car

Utilities

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

Schools

  • Elementary School: Arthur
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: 1 acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
May 8, 2022
Sold by
Clark Benjamin D and Clark Ashlynne H
Bought by
Wehr Michael J
Seller's Agent
Jane Glantz
SKOGMAN REALTY
Buyer's Agent
Lesley Vancura
SKOGMAN REALTY
List Price
$399,900
Sold Price
$405,000
Premium/Discount to List
$5,100
1.28%
Total Days on Market
3
Current Estimated Value
$447,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,700
Original Mortgage
$324,000
Outstanding Balance
$312,576
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2015
Closed on
Mar 5, 2015
Sold by
Ramsey Anne M
Bought by
Clark Benjamin D and Clark Ashlynne H
Seller's Agent
Jane Glantz
SKOGMAN REALTY
Buyer's Agent
Ben Wheeler
COLDWELL BANKER HEDGES
List Price
$329,900
Sold Price
$315,000
Premium/Discount to List
-$14,900
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Original Mortgage
$31,500
Interest Rate
3.68%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 7, 2003
Sold by
Brown Kenneth S and Brown Alison
Bought by
Ramsey Anne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2002
Sold by
Obrien David A and Obrien Stacey J
Bought by
Brown Kenneth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
6.64%

Purchase Details

Closed on
Apr 30, 1998
Sold by
Lansing David J and Lansing Karen Ann
Bought by
Obrien David A and Obrien Stacey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.18%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Cedar Rapids, IA

  • 3181 Eagle Ct NE, Cedar Rapids, IA 52402

    $400,000

    • 5 Beds
    • 3.5 Baths
    • 3,541 Sq Ft
    • 3181 Eagle Ct NE
    • Cedar Rapids, IA

    This spacious 5-bedroom home with an additional office is located on a quiet cul-de-sac and features a parklike backyard view while still providing easy access to I380. It is convenient to so many different schools – Pierce, Kennedy, LaSalle, St. Pius, Regis, Xavier, Isaac Newton Christian Academy, and a new charter Middle School opening in 2026. It has storage galore with both a large storage

    Jason Vestweber SKOGMAN REALTY

    Section Image
  • 6320 Prairie Rose Cir SW, Cedar Rapids, IA 52404

    $449,900

    • 4 Beds
    • 3 Baths
    • 2,621 Sq Ft
    • 6320 Prairie Rose Cir SW
    • Cedar Rapids, IA

    UNDER CONTRACT NO FURTHER SHOWINGS - Truly beautiful ranch home backing to trees and the Cedar Valley Rec Area and Bike Trail. So many upgrades were added to this wonderfully appointed custom home. Get the WOW without paying the high 2025 new construction prices. Large windows throughout this home bring the private, wooded views right in making it a true retreat to come home to. Upgrades include

    Amy Bishop RE/MAX CONCEPTS

    Section Image
  • 2815 Indian Hill Rd, Cedar Rapids, IA 52403

    $340,000

    • 3 Beds
    • 3 Baths
    • 2,845 Sq Ft
    • 2815 Indian Hill Rd
    • Cedar Rapids, IA

    Don’t miss this in-town acreage bordering tranquil woods! You’ll love the potential in this expansive 1954 walk-out ranch home on Cedar Rapids’ southeast side. Featuring a spacious living room with scenic wooded views, a wood burning fireplace, and white built-ins. Updated kitchen with garden window, sleek tile countertops, and flat-front cabinets. Formal dining room with pass-through window. Sun

    Debra Callahan RE/MAX Concepts

    Section Image
  • 2815 Indian Hill Rd SE, Cedar Rapids, IA 52403

    $340,000

    • 3 Beds
    • 3 Baths
    • 2,845 Sq Ft
    • 2815 Indian Hill Rd SE
    • Cedar Rapids, IA

    Don’t miss this in-town acreage bordering tranquil woods! You’ll love the potential in this expansive 1954 walk-out ranch home on Cedar Rapids’ southeast side. Featuring a spacious living room with scenic wooded views, a wood burning fireplace, and white built-ins. Updated kitchen with garden window, sleek tile countertops, and flat-front cabinets. Formal dining room with pass-through window. Sun

    Debra Callahan RE/MAX CONCEPTS

    Section Image
  • 3111 Carroll Dr SE, Cedar Rapids, IA 52403

    $399,000

    • 4 Beds
    • 3 Baths
    • 3,600 Sq Ft
    • 3111 Carroll Dr SE
    • Cedar Rapids, IA

    This charming 4-bedroom, 3-bath home perfectly blends modern updates with timeless character, creating a warm and welcoming atmosphere you’ll instantly love. Nestled in a peaceful, wooded setting, this home offers a rare retreat surrounded by mature timber and abundant wildlife—making it feel like a private escape while still being conveniently in town.Step inside to discover a spacious,

    Tyra McAbee Century 21 Signature Real Estate

    Section Image
  • 3120 Cottage Grove Ave SE, Cedar Rapids, IA 52403

    $484,000

    • 3 Beds
    • 2.5 Baths
    • 3,811 Sq Ft
    • 3120 Cottage Grove Ave SE
    • Cedar Rapids, IA

    Perched on a hill with sweeping views of the Indian Creek valley from the screen porch. Custom built, 1 owner home with several architectural features that include custom columns, built ins and 2 fireplaces with sitting areas. Much bigger than it may appear at first glance with nearly 4000 finished sq ft. The all brick exterior shows the quality that went into the construction and will provide

    Daniel Baty COLDWELL BANKER HEDGES

    Section Image
  • 240 34th St SE, Cedar Rapids, IA 52403

    $347,500

    • 3 Beds
    • 3 Baths
    • 2,076 Sq Ft
    • 240 34th St SE
    • Cedar Rapids, IA

    MOVE-IN READY OR LEASEBACK INVESTMENTWhether you're looking to move in right away or invest in a turnkey rental, this property delivers. Motivated sellers are open to offers and ready to work with the right buyer. Enjoy a fully finished walkout lower level that adds flexible living space—ideal for a home office, guest suite, media room. Natural light and easy backyard access. Residential buyers,

    Addie Eichhorn GLD COMMERCIAL

    Section Image
  • 3110 Pinney Woods Ln SE, Cedar Rapids, IA 52403

    $499,900

    • 4 Beds
    • 4 Baths
    • 3,497 Sq Ft
    • 3110 Pinney Woods Ln SE
    • Cedar Rapids, IA

    Stately, private, and perfectly located in the heart of Cedar Rapids! Nestled at the end of a quiet cul-de-sac on nearly 2 wooded acres, this mostly brick home offers serene views and privacy. Enjoy both an attached and detached garage, plus a covered deck overlooking the trees. Inside, you will find nearly 3,500 finished sq ft with an open floor plan, spacious kitchen, formal dining room, and a

    Jeremy Trenkamp COLDWELL BANKER HEDGES CORRIDOR

    Section Image
  • 525 Indian Rd SE, Cedar Rapids, IA 52403

    $550,000

    • 4 Beds
    • 3 Baths
    • 4,044 Sq Ft
    • 525 Indian Rd SE
    • Cedar Rapids, IA

    Unparalleled views in this home built in the woods that takes advantage of every possible private overlook you could imagine! Gaze at wildlife trouncing around in the timber along the Bever Park Trail while keeping the deer out of this phenomenal shade friendly landscaping through the property surrounding fencing and gate. Two stone wood-burning fireplaces to take the chills off the evenings,

    Michelle Bennett Keller Williams Legacy Group

    Section Image
See All Homes in Cedar Rapids

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
Wehr Michael J $405,000 None Listed On Document
Clark Benjamin D $315,000 Stewart Title Guaranty Co
Ramsey Anne M $289,500 --
Brown Kenneth S $237,000 --
Obrien David A $199,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wehr Michael J $324,000
Previous Owner Clark Benjamin D $31,500
Previous Owner Ramsey Anne M $140,563
Previous Owner Ramsey Anne M $50,000
Previous Owner Ramsey Anne M $232,000
Previous Owner Brown Kenneth S $187,500
Previous Owner Obrien David A $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $405,000 +1.3% $135 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $399,900 +27.0% $134 / Sq Ft
04/22/2015 04/22/15 Sold $315,000 -4.5% $110 / Sq Ft
03/05/2015 03/05/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $329,900 -- $116 / 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 $4,430 $382,800 $80,000 $302,800
2022 $4,376 $317,700 $80,000 $237,700
2021 $4,460 $317,700 $80,000 $237,700
2020 $4,460 $299,600 $65,000 $234,600
2019 $4,096 $299,600 $65,000 $234,600
2018 $4,004 $280,700 $65,000 $215,700
2017 $4,036 $270,400 $65,000 $205,400
2016 $3,910 $268,600 $65,000 $203,600
2015 $3,942 $268,600 $65,000 $203,600
2014 $3,814 $268,600 $65,000 $203,600
2013 -- $268,600 $65,000 $203,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jane Glantz

    SKOGMAN REALTY

    (319) 551-3600

    179 Total Sales

    Jane Glantz
    Section Image

  • L

    Buyer's Agent in 2022

    Lesley Vancura

    SKOGMAN REALTY

    (319) 505-0848

    82 Total Sales

    Lesley Vancura
    Section Image
  • Ben Wheeler

    Buyer's Agent in 2015

    Ben Wheeler

    COLDWELL BANKER HEDGES

    (319) 360-3088

    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2202765

Cedar Rapids Area Association of REALTORS®

APN: 14132-26012-00000

Iowa Linn County Cedar Rapids 52403

40 Rainbow Ct SE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 40 Rainbow Ct SE, Cedar Rapids, IA 52403 since 25 March 2022 and is currently estimated at $447,700, approximately $149 per square foot. This property was built in 1966. 40 Rainbow Ct SE is a home located in Linn County with nearby schools including Arthur Elementary School, Franklin Middle School, 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.

Nearby Homes