NOT LISTED FOR SALE

406 Teakwood Ln NE Unit 27 Cedar Rapids, IA 52402

Estimated Value: $120,000 - $137,000

2 Beds
2 Baths
1,136 Sq Ft
$131/mo HOA Fee

Last Sold December 19, 2014

Last sale price $72,450 $64 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,003/month

54 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • 1 Car Detached Garage
  • Echo Hill Elementary School Rated A
  • Ranch Style House
  • Forced Air Cooling System

About This Home

As of December 2014

WELL MAINTAINED SECOND FLOOR CONDO OVERLOOKING DRY CREEK PARK. PRIVATE PARK LIKE SETTING WITH GREAT VIEWS OF WILDLIFE FROM LIVING ROOM WINDOW AND THE DECK OFF OF THE DINING ROOM. LARGE WOOD BURNING BRICK FIREPLACE DIVIDES UP THE OPEN LIVING ROOM AND DINING ROOM. PLENTY OF STORAGE IN THE KITCHEN WHICH HAS A NEW DISHWASHER IN 2011 AND NEW FAUCET IN 2014. NICE SIZE MASTER BEDROOM WITH FULL MASTER BATH. SECOND BEDROOM HAS A LARGE WALK IN CLOSET. STORAGE CLOSET LOCATED RIGHT OUTSIDE OF THE BACK DOOR. ASSOCIATION DUES PAY FOR SNOW REMOVAL, LAWN CARE, GENERAL MAINTENANCE OF COMMON AREAS, GARBAGE, SEWER AND WATER. AVERAGE ELECTRIC $72. AVERAGE GAS $36. ONLY A FEW BLOCKS FROM ROCKWELL. SORRY, NO PETS OR RENTALS.

Last Agent to Sell the Property

Will Brandt

SKOGMAN REALTY Listed on: 10/03/2014

SKOGMAN REALTY

Last Buyer's Agent

Will Brandt

SKOGMAN REALTY Listed on: 10/03/2014

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,635

Year Built

  • 1979

HOA Fees

  • $131 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1,136 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Laundry in unit

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Guest Parking

Utilities

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

Additional Features

  • Deck
  • Wooded Lot

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,635

Year Built

1979

Lot Details

0

HOA Fees

$131 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1136
  • Association Fee Frequency: Month
  • Association Management: By Association
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 2nd Floor
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 1635
  • List User Cell Phone: 319-389-9918
  • Miscellaneous: Cable Ready, Deck, Home Warranty
  • Net Tax: 1442
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.99383
  • Ratio Close Price By Original Li: 0.96729
  • Ratio Current Price By Sq Ft: 63.78
  • Total Sq Ft: 1136
  • Taxable Value Tv: 75526.00
  • Tax Roll Number: 113447600301014
  • Water Sewer Roads: City Sewer, City Water
  • Zoning: RES
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1979

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Gas
  • Additional Room: Living Room
  • Full Bathrooms: 2
  • Bedrooms Level 2: 2
  • Fireplace Features: Built In, Wood Burning, Living Room
  • Level 2 Full Bathrooms: 2
  • Master Bedroom Level: Level 2
  • Room Count: 4
  • Site Description: Wooded

Exterior Features

  • Construction Methods: Frame
  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 1 Car, Detached, Guest Parking
  • Garage Size: 1 CAR

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry In Unit
  • Association Fee: 131
  • Association: Yes

Schools

  • Elementary School: Echo Hill
  • Middle School: Oak Ridge
  • High School: Linn Mar

Lot Info

  • Lot Size: COMMON

Rental Info

  • Pets: Pets Not Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2014
Closed on
Dec 17, 2014
Sold by
Folken Connie K
Bought by
Asby Samantha A
Seller's Agent
Will Brandt
SKOGMAN REALTY
Buyer's Agent
Will Brandt
SKOGMAN REALTY
List Price
$74,900
Sold Price
$72,450
Premium/Discount to List
-$2,450
-3.27%
Total Days on Market
54
Current Estimated Value
$127,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,651
Avg. Annual Appreciation
5.12%
Original Mortgage
$57,960
Outstanding Balance
$45,896
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$76,277

Purchase Details

Closed on
Nov 17, 2000
Sold by
Vering Iris C and Choplick Andrew J
Bought by
Folken Connie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,200
Interest Rate
7.87%
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
Asby Samantha A $72,500 None Available
Folken Connie K $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asby Samantha A $57,960
Previous Owner Folken Connie K $22,300
Previous Owner Folken Connie K $57,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2014 12/19/14 Sold $72,450 -3.3% $64 / Sq Ft
11/26/2014 11/26/14 Pending -- -- --
10/03/2014 10/03/14 For Sale $74,900 -- $66 / 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 $1,906 $107,200 $15,000 $92,200
2022 $1,560 $92,300 $12,000 $80,300
2021 $1,656 $79,400 $12,000 $67,400
2020 $1,656 $79,100 $12,000 $67,100
2019 $1,640 $79,100 $12,000 $67,100
2018 $1,378 $79,100 $12,000 $67,100
2017 $1,505 $67,300 $7,000 $60,300
2016 $1,505 $67,300 $7,000 $60,300
2015 $1,691 $75,526 $7,000 $68,526
2014 $1,496 $75,526 $7,000 $68,526
2013 $1,442 $75,526 $7,000 $68,526
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2014

    Will Brandt

    SKOGMAN REALTY

    54 Total Sales

    Will Brandt
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1406762

Cedar Rapids Area Association of REALTORS®

APN: 11344-76003-01014

Iowa Linn County Cedar Rapids 52402

406 Teakwood Ln NE Unit 27, Cedar Rapids, IA

This home is located at 406 Teakwood Ln NE Unit 27, Cedar Rapids, IA 52402 since 03 October 2014 and is currently estimated at $127,101, approximately $111 per square foot. This property was built in 1979. 406 Teakwood Ln NE Unit 27 is a home located in Linn County with nearby schools including Echo Hill Elementary School, Oak Ridge School, and Linn-Mar High School.

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