406 Teakwood Ln NE Unit 20 Cedar Rapids, IA 52402
Estimated payment $1,040/month
Highlights
- Wooded Lot
- 2 Car Detached Garage
- Eat-In Kitchen
- Echo Hill Elementary School Rated A
- Cul-De-Sac
- Patio
About This Home
This zero entry condo offers a park-like setting while maintaining close proximity to city amenities. Enjoy the convenience of single-level living on the main floor, with an in-unit laundry area that includes a washer, dryer, and soaking sink. Recent updates: newer flooring in the hall and both bathrooms, as well as vinyl windows. The residence features an excellent flow, including a spacious living room, dining area, and eat-in kitchen. Enjoy the wood-burning fireplace or consider converting it to natural gas. A slider door provides access to the patio, offering wooded views and opportunities to observe wildlife. A community patio is also available for relaxing with friends and neighbors. The primary bedroom includes an en-suite bathroom. There’s a spacious second bedroom for family, guests or use as an office or studio. The property includes two detached garages (units #9 & #20) and a walking path. A storage closet is located in the entrance hall. Water, garbage, and sewer services, along with lawncare, snow removal and exterior insurance and exterior/common area maintenance are covered by HOA dues. The location provides convenient access to shopping, dining, and various services, and is within walking distance of Collins Aerospace. One cat is permitted and rentals are not allowed. This HOA does not allow smoking in the units, garages or common areas. Includes a 1-year home warranty.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,154
Year Built
- Built in 1979
Lot Details
- Cul-De-Sac
- Wooded Lot
HOA Fees
- $255 Monthly HOA Fees
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Guest Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Masonry
Interior Spaces
- 1,136 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- Dining Area
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Echo Hill Elementary School
- Oak Ridge Middle School
- Linn Mar High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 113447600301007,113447600301024,113447600301035
Community Details
Pet Policy
- Limit on the number of pets
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,886 | $106,800 | $17,000 | $89,800 |
| 2024 | $1,898 | $106,700 | $15,000 | $91,700 |
| 2023 | $1,898 | $106,700 | $15,000 | $91,700 |
| 2022 | $1,550 | $91,900 | $12,000 | $79,900 |
| 2021 | $1,646 | $79,000 | $12,000 | $67,000 |
| 2020 | $1,646 | $78,700 | $12,000 | $66,700 |
| 2019 | $1,630 | $78,700 | $12,000 | $66,700 |
| 2018 | $1,372 | $78,700 | $12,000 | $66,700 |
| 2017 | $1,340 | $67,000 | $7,000 | $60,000 |
| 2016 | $1,499 | $67,000 | $7,000 | $60,000 |
| 2015 | $1,683 | $75,169 | $7,000 | $68,169 |
| 2014 | $1,488 | $75,169 | $7,000 | $68,169 |
| 2013 | $1,434 | $75,169 | $7,000 | $68,169 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2025 11/09/25 | Price Changed | $115,000 | -4.1% | $101 / Sq Ft |
| 10/27/2025 10/27/25 | Price Changed | $119,900 | -4.0% | $106 / Sq Ft |
| 10/16/2025 10/16/25 | For Sale | $124,900 | -- | $110 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2508670
APN: 11344-76003-01007
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