40 Rainbow Ct SE Cedar Rapids, IA 52403
4
Beds
4
Baths
2,852
Sq Ft
1
Acres
Highlights
- Deck
- Wooded Lot
- 2 Car Attached Garage
- Recreation Room
- Cul-De-Sac
- Forced Air Cooling System
About This Home
As of May 2022This home is located at 40 Rainbow Ct SE, Cedar Rapids, IA 52403 and is currently priced at $315,000, approximately $110 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.
Last Buyer's Agent
Ben Wheeler
COLDWELL BANKER HEDGES
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,852
Year Built
- 1966
Lot Details
- 1 Acre Lot
- Cul-De-Sac
- Fenced
- Wooded Lot
Home Design
- Poured Concrete
- Frame Construction
Interior Spaces
- 2-Story Property
- Wood Burning Fireplace
- Gas Fireplace
- Family Room with Fireplace
- Living Room
- Combination Kitchen and Dining Room
- Recreation Room
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
Basement
- Walk-Out Basement
- Partial Basement
Parking
- 2 Car Attached Garage
- Tuck Under Parking
- Garage Door Opener
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Cooling System
- Heating System Uses Gas
- Well
- Gas Water Heater
- Water Softener is Owned
- Septic System
- Cable TV Available
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
0
Current Estimated Value
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%
Map
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Similar Homes in Cedar Rapids, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $405,000 | None Listed On Document | |
| Warranty Deed | $315,000 | Stewart Title Guaranty Co | |
| Warranty Deed | $289,500 | -- | |
| Warranty Deed | $237,000 | -- | |
| Warranty Deed | $199,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $324,000 | New Conventional | |
| Previous Owner | $31,500 | Stand Alone Second | |
| Previous Owner | $140,563 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $232,000 | Purchase Money Mortgage | |
| Previous Owner | $187,500 | No Value Available | |
| Previous Owner | $180,000 | No Value Available |
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
| 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
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 1501714
APN: 14132-26012-00000
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