NOT LISTED FOR SALE

450 1st St SW Unit 405 Cedar Rapids, IA 52404

Downtown Cedar Rapids Neighborhood

Estimated Value: $395,144 - $460,000

2 Beds
2 Baths
1,350 Sq Ft
$320/mo HOA Fee

Last Sold October 09, 2020

Last sale price $335,000 $248 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,013/month

228 Days on Market

Highlights

  • Fitness Center
  • Waterfront
  • Contemporary Architecture
  • Gated Community
  • Deck
  • 5-minute walk to Plaza Park

About This Home

As of October 2020

Experience luxury downtown living at its finest! Expansive views from your private balcony. Open concept kitchen and living area with an abundance of natural light. Smart home features include Nest thermostat. Kitchen offers Bosch appliances, gas range, granite counter tops. Maple hardwood floors, gas fireplace and large sliders enhance your view. Master suite includes walk in closet and attached bath with double sink vanity and floor to ceiling tile shower. Split floor plan offers privacy with guest bedroom/office and second full bath. Laundry room with extra storage. One private, attached garage included and ample off street parking. The Metropolitan is a pet friendly, secure building with a fitness center, on site management, and concierge services. ImOn cable and internet included in monthly HOA. 7+ years left on the tax abatement. Convenient, contemporary living awaits you. Call for your private showing today!

Last Agent to Sell the Property

Kathy Horan

Keller Williams Legacy Group Listed on: 01/12/2020

Last Buyer's Agent

Wendy Votroubek

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $103

Year Built

  • 2016

HOA Fees

  • $320 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Metal Construction or Metal Frame
  • Masonry

Interior Spaces

  • 1,350 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Great Room with Fireplace

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Utilities

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

Additional Features

  • Deck
  • Waterfront

Community Details

Recreation

  • Fitness Center
  • Snow Removal

Pet Policy

  • Limit on the number of pets

Security

  • Resident Manager or Management On Site
  • Gated Community

Additional Features

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$103

Year Built

2016

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Style: Contemporary, Loft/High-Rise, Over 2 Stories
  • Above Grade Finished Sq Ft: 1350
  • Association Fee Frequency: Month
  • Association Management: By Developer, Start Up Fee
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Breakfast Bar
  • Gross Tax: 103
  • List User Cell Phone: 319-360-2143
  • Miscellaneous: Cable Ready, Deck, Elevator, Intercom, Security System
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.98544
  • Ratio Close Price By Original Li: 0.94366
  • Ratio Current Price By Sq Ft: 248.15
  • Total Sq Ft: 1350
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2016

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Great Room
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Gas, Great Room
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: Water Front

Exterior Features

  • Construction Methods: Frame, Masonry, Metal Frame
  • Exterior: Partial Stone

Garage/Parking

  • Garage/Parking: 1 Car, Attached, Heated Garage

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Elevator, Exercise Room, Guest Room Facilities, Laundry In Unit, Lawncaresnowremovalincluded, Onsite Maint Person, Secured Entrance
  • Association Fee: 320
  • Association: Yes

Schools

  • Elementary School: Taylor
  • Middle School: Wilson
  • High School: Jefferson

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2015
Closed on
Mar 22, 2017
Sold by
Lofts At Red Cedar Llc
Bought by
Horan Kathleen A
Seller's Agent
Jill Gustin
SKOGMAN REALTY
Buyer's Agent
Kathy Horan
Keller Williams Legacy Group
List Price
$290,000
Sold Price
$320,500
Premium/Discount to List
$30,500
10.52%
Current Estimated Value
$428,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,286
Avg. Annual Appreciation
2.95%
Original Mortgage
$250,500
Outstanding Balance
$202,743
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$207,678
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
Horan Kathleen A $320,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horan Kathleen A $250,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $335,000 -1.5% $248 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $339,950 +1.5% $252 / Sq Ft
08/14/2020 08/14/20 Off Market $335,000 -- --
07/23/2020 07/23/20 Price Changed $339,950 -1.4% $252 / Sq Ft
07/05/2020 07/05/20 Price Changed $344,950 -1.4% $256 / Sq Ft
05/27/2020 05/27/20 Price Changed $349,950 -1.4% $259 / Sq Ft
01/12/2020 01/12/20 For Sale $355,000 +10.8% $263 / Sq Ft
03/23/2017 03/23/17 Sold $320,500 +10.5% $237 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
10/14/2015 10/14/15 For Sale $290,000 -- $215 / 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
2024 -- $330,400 $70,000 $260,400
2023 -- $327,100 $70,000 $257,100
2022 $0 $318,100 $70,000 $248,100
2021 $0 $252,900 $4,800 $248,100
2020 $0 $4,800 $4,800 $0
2019 $0 $4,800 $4,800 $0
2018 $0 $4,800 $4,800 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kathy Horan

    Keller Williams Legacy Group

  • Wendy Votroubek

    Buyer's Agent in 2020

    Wendy Votroubek

    SKOGMAN REALTY

    (319) 389-7653

    2 in this area

    255 Total Sales

    Wendy Votroubek
    Section Image

  • J

    Seller's Agent in 2017

    Jill Gustin

    SKOGMAN REALTY

    Section Image
  • Lori Frett

    Seller Co-Listing Agent in 2017

    Lori Frett

    SKOGMAN REALTY

    (319) 533-2594

    102 Total Sales

    Lori Frett
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2000319

Cedar Rapids Area Association of REALTORS®

APN: 14282-78019-01028

Iowa Linn County Cedar Rapids 52404 Downtown Cedar Rapids

450 1st St SW Unit 405, Cedar Rapids, IA

This home is located at 450 1st St SW Unit 405, Cedar Rapids, IA 52404 since 12 January 2020 and is currently estimated at $428,786, approximately $317 per square foot. This property was built in 2016. 450 1st St SW Unit 405 is a home located in Linn County with nearby schools including Cedar River Academy at Taylor Elementary School, Wilson Middle School, and Thomas Jefferson 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.

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