NOT LISTED FOR SALE

450 1st St SW Unit 504 Cedar Rapids, IA 52404

Downtown Cedar Rapids Neighborhood

Estimated Value: $420,000 - $636,000

2 Beds
2 Baths
2,250 Sq Ft
$486/mo HOA Fee

Last Sold August 24, 2017

Last sale price $465,000 $207 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,524/month

649 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Deck
  • New Construction
  • Waterfront
  • 5-minute walk to Plaza Park

About This Home

As of August 2017

Your 66 ft. long wrap balcony will provide unparalleled views of the City and a fabulous new lifestyle, across from the Amphitheater in Kingston Village: The Metropolitan. Also enjoy 10 years of tax savings; you'll pay monthly an amount of about only 50% of normal Cedar rapids taxes. Keep healthy at the fitness center & use a guest suite, too. View a stunning panorama of the city from this corner fifth floor condo. With 2253 Sq. Ft. there is plentiful space for all of your needs. Secure entry a private heated garage is included. Exclusive one-time Met Membership fee of $1000 entitles you to many benefits including private fitness center and a list of concierge services. Simplify and enjoy contemporary living in a truly unique community at The Metropolitan. *Photos of a similar unit. *

Last Agent to Sell the Property

Candy Wong

SKOGMAN REALTY Listed on: 10/14/2015

SKOGMAN REALTY

Co-Listed By

Lori Frett

SKOGMAN REALTY

Last Buyer's Agent

Candy Wong

SKOGMAN REALTY Listed on: 10/14/2015

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $118

Year Built

  • 2016

HOA Fees

  • $486 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property
  • Sound System
  • Vaulted Ceiling
  • Gas Fireplace
  • Great Room with Fireplace
  • Formal Dining Room

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

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Utilities

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

Additional Features

  • Handicap Accessible
  • Deck
  • Waterfront

Community Details

Overview

  • Built by Hobart

Recreation

  • Fitness Center

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Security

  • Resident Manager or Management On Site
  • Gated Community

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$118

Year Built

2016

Lot Details

0

HOA Fees

$486 per month

Listing Details

  • Style: Contemporary, Loft/High-Rise, Over 2 Stories
  • Above Grade Finished Sq Ft: 2250
  • 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, Formal Dining
  • List User Cell Phone: 319-560-3259
  • Miscellaneous: Cable Ready, Deck, Elevator, Handicapped Features, Intercom, Security System, Sound System, Vaulted Ceiling
  • New Construction: Yes
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.89423
  • Ratio Close Price By Original Li: 0.93939
  • Ratio Current Price By Sq Ft: 206.67
  • Total Sq Ft: 2250
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • 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 – Electric
  • Additional Room: 1st Floor Laundry, Great Room
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Fireplace Features: Gas, Great Room
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: Water Front

Exterior Features

  • Construction Methods: Frame
  • Exterior: Cement Board, Partial Stone

Garage/Parking

  • Garage/Parking: 2 Cars, 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, Onsite Maint Person, Secured Entrance
  • Association Fee: 486
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: Common

Building Info

  • Builder Name: Hobart

Rental Info

  • Pets: # Of Pets Allowed, Pet Weight Limit, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
Arenson Jane V
Bought by
Arenson James H
Total Days on Market
649
Current Estimated Value
$541,972

Purchase Details

Listed on
Oct 14, 2015
Closed on
Aug 24, 2017
Sold by
Lofts At Red Cedar Llc
Bought by
Arenson James H and Arenson Jane V
Seller's Agent
Candy Wong
SKOGMAN REALTY
Buyer's Agent
Candy Wong
SKOGMAN REALTY
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%
Original Mortgage
$500,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
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
Arenson James H -- None Listed On Document
Arenson James H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arenson James H $513,052
Previous Owner Arenson James H $239,000
Previous Owner Arenson James H $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2017 08/24/17 Sold $465,000 -6.1% $207 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
10/14/2015 10/14/15 For Sale $495,000 -- $220 / 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 $118 $494,500 $70,000 $424,500
2022 $116 $477,700 $70,000 $407,700
2021 $124 $413,300 $5,600 $407,700
2020 $124 $5,600 $5,600 $0
2019 $120 $5,600 $5,600 $0
2018 $118 $5,600 $5,600 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Candy Wong

    SKOGMAN REALTY

    (319) 560-3259

    1 in this area

    48 Total Sales

    Candy Wong
    Section Image
  • Lori Frett

    Seller Co-Listing Agent in 2017

    Lori Frett

    SKOGMAN REALTY

    (319) 533-2594

    105 Total Sales

    Lori Frett
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1590910

Cedar Rapids Area Association of REALTORS®

APN: 14282-78019-01033

Iowa Linn County Cedar Rapids 52404 Downtown Cedar Rapids

450 1st St SW Unit 504, Cedar Rapids, IA

This home is located at 450 1st St SW Unit 504, Cedar Rapids, IA 52404 since 14 October 2015 and is currently estimated at $541,972, approximately $240 per square foot. This property was built in 2016. 450 1st St SW Unit 504 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.

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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