NOT LISTED FOR SALE

400 1st St SE Unit 408 Cedar Rapids, IA 52401

Downtown Cedar Rapids Neighborhood

Estimated Value: $100,000 - $132,000

2 Beds
1.5 Baths
1,189 Sq Ft
$150/mo HOA Fee

Last Sold July 10, 2023

Last sale price $112,000 $94 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,010/month

182 Days on Market

Highlights

  • Fitness Center
  • Main Floor Primary Bedroom
  • Hot Water Heating System
  • Deck
  • 1 Car Attached Garage
  • 5-minute walk to Greene Square Park

About This Home

As of July 2023

This home is located at 400 1st St SE Unit 408, Cedar Rapids, IA 52401 since 28 November 2022 and is currently estimated at $119,730, approximately $100 per square foot. This property was built in 1990. 400 1st St SE Unit 408 is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington High School.

Last Agent to Sell the Property

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 11/28/2022

Last Buyer's Agent

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 11/28/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,532

Year Built

  • 1990

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • 1,189 Sq Ft Home
  • Frame Construction
  • Stucco

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main

Parking

  • 1 Car Attached Garage
  • Carport
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System
  • Gas Water Heater

Community Details

Amenities

  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,532

Year Built

1990

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Style: Loft/High-Rise
  • Above Grade Finished Sq Ft: 1189
  • Association Fee Frequency: Month
  • Association Management: By Association
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 1.10
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 1st Floor
  • Gross Tax: 2532
  • Miscellaneous: Deck, Elevator
  • Net Tax: 2532
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.94715
  • Ratio Close Price By Original Li: 0.88889
  • Ratio Current Price By Sq Ft: 94.20
  • Total Sq Ft: 1189
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1990

Interior Features

  • Appliances Included: Dishwasher, Disposal, Range, Refrigerator, Water Heater – Gas
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms Level 1: 2
  • Level 1 Full Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Room Count: 6

Exterior Features

  • Construction Methods: Frame
  • Exterior: Stucco

Garage/Parking

  • Garage/Parking: 1 Car, Attached, Carport, Off Street Parking

Utilities

  • Heating Cooling: Hot Water Heat, Window/Wall Air

Condo/Co-op/Association

  • Association Amenities: Common Laundry, Elevator, Exercise Room, Secure Storage Area
  • Association Fee: 150
  • Association: Yes

Schools

  • Elementary School: Grant Wood
  • Middle School: McKinley
  • High School: Washington

Rental Info

  • Pets: Pets Not Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2022
Closed on
Jul 10, 2023
Sold by
River Place 1 Inc
Bought by
Lathrop Blake
Seller's Agent
Darin Garman
HEARTLAND INVESTMENT REAL ESTATE, LLC
Buyer's Agent
Darin Garman
HEARTLAND INVESTMENT REAL ESTATE, LLC
List Price
$126,000
Sold Price
$112,000
Premium/Discount to List
-$14,000
-11.11%
Total Days on Market
182
Views
503
Current Estimated Value
$119,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,730
Avg. Annual Appreciation
3.52%
Original Mortgage
$16,200
Interest Rate
6.79%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Lathrop Blake $112,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lathrop Blake $16,200
Open Lathrop Blake $89,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $112,000 -5.3% $94 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
05/11/2023 05/11/23 Price Changed $118,250 -3.1% $99 / Sq Ft
03/06/2023 03/06/23 Price Changed $122,000 -3.2% $103 / Sq Ft
11/28/2022 11/28/22 For Sale $126,000 -- $106 / 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 $2,292 $111,600 $0 $111,600
2022 $2,398 $108,700 $0 $108,700
2021 $2,532 $115,800 $0 $115,800
2020 $2,532 $114,800 $0 $114,800
2019 $2,396 $111,200 $0 $111,200
2018 $2,230 $111,200 $0 $111,200
2017 $2,318 $106,400 $0 $106,400
2016 $2,152 $101,200 $0 $101,200
2015 $2,150 $101,017 $0 $101,017
2014 $2,150 $101,017 $0 $101,017
2013 -- $101,017 $0 $101,017
Source: Public Records

Agents Affiliated with this Home

  • Darin Garman

    Seller's Agent in 2023

    Darin Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    10 in this area

    27 Total Sales

    Darin Garman
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2209976

Cedar Rapids Area Association of REALTORS®

APN: 14281-33005-01058

Iowa Linn County Cedar Rapids 52401 Downtown Cedar Rapids

400 1st St SE Unit 408, Cedar Rapids, IA

This home is located at 400 1st St SE Unit 408, Cedar Rapids, IA 52401 since 28 November 2022 and is currently estimated at $119,730, approximately $100 per square foot. This property was built in 1990. 400 1st St SE Unit 408 is a home located in Linn County with nearby schools including Grant Wood 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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