NOT LISTED FOR SALE

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

Downtown Cedar Rapids Neighborhood

Estimated Value: $498,000 - $633,000

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. 24% increase in value since last sale

Current estimated payment $3,552/month

649 Days on Market

Highlights

  • Fitness Center
  • New Construction
  • Waterfront
  • Junction City Elementary School Rated A
  • Gated Community
  • 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

  • $396

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

$396

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

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
Current Estimated Value
$575,974

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
2.62%
Original Mortgage
$500,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
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 $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $396 $611,500 $70,000 $541,500
2024 $118 $607,300 $70,000 $537,300
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

    46 Total Sales

    Candy Wong
    Section Image
  • Lori Frett

    Seller Co-Listing Agent in 2017

    Lori Frett

    SKOGMAN REALTY

    (319) 533-2594

    106 Total Sales

    Lori Frett
    Section Image
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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

Not Listed for Sale

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