40 Rainbow Ct SE Cedar Rapids, IA 52403
4
Beds
2.5
Baths
2,992
Sq Ft
1
Acres
Highlights
- Deck
- Wooded Lot
- Forced Air Cooling System
- Recreation Room
- Cul-De-Sac
- Breakfast Bar
About This Home
As of May 2022A 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.
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
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
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: 2202765
APN: 14132-26012-00000
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