NOT LISTED FOR SALE

4040 Water Point Ct SW Unit 4040 Cedar Rapids, IA 52404

Estimated Value: $268,000 - $283,426

4 Beds
3 Baths
2,168 Sq Ft
$170/mo HOA Fee

Last Sold February 28, 2022

Last sale price $237,000 $109 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,108/month

63 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Formal Dining Room
  • Prairie Ridge Elementary School Rated A-
  • Ranch Style House
  • Cul-De-Sac

About This Home

As of February 2022

Looking for peace and quiet with beautiful surroundings? Then this is the condo for you! This well-maintained condo is located on a cul-de-sac with lots of green space behind you and access to the walking trail and the pond. You can actually fish in the pond. Upon entering, the vaulted ceilings and open floor plan

will make you feel right at home. So many ways to enjoy your new home. Relaxing by the fireplace in the living room or reading in the 4 seasons room with access to the deck. The lower level has a wet bar, fireplace, a large family room and a walkout to the patio to entertain family and friends. Plus, with 2 bedrooms and a full bath on the lower level, guests can feel free to spend the night. So much to offer and enjoy! College Community School District. Extras: new concrete driveway in 2020, new furnace 2018, 1st floor laundry, central vacuum and Brazilian hardwood floors and a walkout lower level.

Last Agent to Sell the Property

Karen Knight

Realty87 Listed on: 11/08/2021

Realty87

Last Buyer's Agent

Karen Knight

Realty87 Listed on: 11/08/2021

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,772

Year Built

  • 1999

Lot Details

  • Cul-De-Sac
  • Irrigation

HOA Fees

  • $170 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Central Vacuum
  • Sound System
  • Vaulted Ceiling
  • Gas Fireplace
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Recreation

  • Snow Removal

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,772

Year Built

1999

Lot Details

0

HOA Fees

$170 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1405
  • Association Fee Frequency: Month
  • Association Management: Start Up Fee
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Lower Level Bedroom: 2
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 1st Floor
  • Dining Features: Formal Dining
  • Gross Tax: 4772
  • List User Cell Phone: 319-360-8989
  • Low Lvl Fin Sq Ft: 763
  • Miscellaneous: Cable Ready, Deck, Irrigation System, Patio, Sound System, Vaulted Ceiling
  • Net Tax: 4576
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97934
  • Ratio Close Price By Original Li: 0.97934
  • Ratio Current Price By Sq Ft: 168.68
  • Total Sq Ft: 2168
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1999

Interior Features

  • Appliances Included: Central Vac, Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, 4 Seasons
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Gas, Great Room, Living Room
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Site Description: Cul-De-Sac

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Attached
  • Garage Size: 413

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Lawncaresnowremovalincluded
  • Association Fee: 170
  • Association: Yes

Schools

  • Elementary School: College Comm
  • Middle School: College Comm
  • High School: College Comm

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Feb 25, 2022
Sold by
Kane Patrick P and Kane Victoria L
Bought by
Deering Lori J
Seller's Agent
Karen Knight
Realty87
Buyer's Agent
Karen Knight
Realty87
List Price
$242,000
Sold Price
$237,000
Premium/Discount to List
-$5,000
-2.07%
Current Estimated Value
$276,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,357
Avg. Annual Appreciation
4.68%
Original Mortgage
$110,000
Outstanding Balance
$90,957
Interest Rate
2.77%
Mortgage Type
New Conventional
Estimated Equity
$185,400

Purchase Details

Closed on
Nov 12, 2009
Sold by
Clauson Gregory A and Clauson Kathryn L
Bought by
Kane Patrick P and Kane Victoria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 1999
Sold by
Kaiser Donald J and Kaiser Jo Ann C
Bought by
Clauson Gregory A and Clauson Kathryn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Deering Lori J $125,000 None Listed On Document
Kane Patrick P $157,000 None Available
Clauson Gregory A $144,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deering Lori J $110,000
Closed Deering Lori J $94,800
Previous Owner Kane Patrick P $200,000
Previous Owner Kane Patrick P $84,000
Previous Owner Kane Patrick P $102,000
Previous Owner Clauson Gregory A $73,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $237,000 -2.1% $109 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $242,000 +2.1% $112 / Sq Ft
12/21/2021 12/21/21 Off Market $237,000 -- --
11/08/2021 11/08/21 For Sale $242,000 -- $112 / 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 $4,928 $238,300 $34,000 $204,300
2022 $4,552 $231,300 $34,000 $197,300
2021 $4,346 $218,400 $27,000 $191,400
2020 $4,346 $199,500 $27,000 $172,500
2019 $3,932 $183,800 $27,000 $156,800
2018 $3,942 $183,800 $27,000 $156,800
2017 $3,865 $178,600 $14,000 $164,600
2016 $3,865 $178,600 $14,000 $164,600
2015 $3,954 $179,910 $14,000 $165,910
2014 $3,684 $179,910 $14,000 $165,910
2013 $3,498 $179,910 $14,000 $165,910
Source: Public Records

Agents Affiliated with this Home

  • Karen Knight

    Seller's Agent in 2022

    Karen Knight

    Realty87

    (319) 360-8989

    112 Total Sales

    Karen Knight
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2107705

Cedar Rapids Area Association of REALTORS®

APN: 20034-01012-01030

Iowa Linn County Cedar Rapids 52404

4040 Water Point Ct SW Unit 4040, Cedar Rapids, IA

This home is located at 4040 Water Point Ct SW Unit 4040, Cedar Rapids, IA 52404 since 08 November 2021 and is currently estimated at $276,357, approximately $127 per square foot. This property was built in 1999. 4040 Water Point Ct SW Unit 4040 is a home located in Linn County with nearby schools including Prairie Crest Elementary School, Prairie View Elementary School, and Prairie Ridge Elementary 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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