NOT LISTED FOR SALE

450 1st St SW Unit 603 Cedar Rapids, IA 52404

Downtown Cedar Rapids Neighborhood

Estimated Value: $557,000 - $832,572

3 Beds
2 Baths
2,586 Sq Ft
$567/mo HOA Fee

Last Sold August 03, 2021

Last sale price $710,000 $275 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,390/month

269 Days on Market

Highlights

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

About This Home

As of August 2021

The Metropolitan offers the finest condos in the corridor. This one-of-a-kind penthouse end unit custom-designed by Chuck Bruggman offers the rare chance to experience urban living in Cedar Rapids. It includes 2586 sq ft with a 36x20 wrap-around deck that was built with extra support to hold a hot tub and boasts incredible river views from every room. The secured building includes an on-site concierge manager, two elevators, with secured floor access, a fitness center, and two restaurants. Additional features include a walk-in pantry with coffee bar, Thermador stainless steel appliances, whole house vacuum, gas fireplace, two gas lines to the deck (for a grill and fire table), two skylights, Nest smart thermostat, Sonos whole-house audio system, remote controlled blinds in the master suite, and an attached two stall garage. If you have ever dreamt of the perfect place to entertain with maintenance-free living just minutes from downtown, this unit is a must-see. Tax Abatement is in place,thru 1/1/2027 and 1/1/2028, call city for specifics

Last Agent to Sell the Property

Karen Mathison

Realty87 Listed on: 09/23/2020

Realty87

Last Buyer's Agent

Jane Glantz

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22

Year Built

  • 2017

Lot Details

  • Waterfront
  • Fenced

HOA Fees

  • $567 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Metal Construction or Metal Frame

Interior Spaces

  • 2,586 Sq Ft Home
  • Central Vacuum
  • Sound System
  • Gas Fireplace
  • Great Room with Fireplace
  • Formal Dining Room
  • Laundry on main level
  • Basement

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Community Details

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Snow Removal

Pet Policy

  • Limit on the number of pets

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$22

Year Built

2017

Lot Details

0

HOA Fees

$567 per month

Listing Details

  • Style: Contemporary, Loft/High-Rise
  • Above Grade Finished Sq Ft: 2586
  • Association Fee Frequency: Month
  • Association Management: By Developer, Start Up Fee
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Breakfast Bar, Eat-In Kitchen, Formal Dining
  • List User Cell Phone: 319-573-8106
  • Miscellaneous: Cable Ready, Deck, Elevator, Fencing, Sound System
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.94793
  • Ratio Close Price By Original Li: 0.94793
  • Ratio Current Price By Sq Ft: 274.56
  • Total Sq Ft: 2586
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint., Paved
  • Zoning: res
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2017

Interior Features

  • Appliances Included: Central Vac, Dishwasher, Disposal, Garage Door Opener, Hood Fan, Microwave, Range, Refrigerator, Water Heater – Gas
  • Additional Room: 1st Floor Laundry
  • Basement: Slab
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 3
  • 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: Metal Frame
  • Exterior: Cement Board

Garage/Parking

  • Garage/Parking: 2 Cars, Attached
  • Garage Size: 2 car

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Elevator, Exercise Room, Laundry In Unit, Lawncaresnowremovalincluded, Onsite Maint Person, Secure Storage Area, Secured Entrance
  • Association Fee: 567
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: zero

Rental Info

  • Pets: # Of Pets Allowed, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Sep 1, 2021
Sold by
Erenberger Mark and Erenberger Leann R
Bought by
Erenberger Mark Robert and Erenberger Mark Robert
Seller's Agent
Karen Mathison
Realty87
Buyer's Agent
Jane Glantz
SKOGMAN REALTY
List Price
$749,000
Sold Price
$710,000
Premium/Discount to List
-$39,000
-5.21%
Current Estimated Value
$723,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,643
Avg. Annual Appreciation
-0.86%

Purchase Details

Listed on
Sep 23, 2020
Closed on
Aug 2, 2021
Sold by
Mccalley-Whitters Mona C and Mccalley-Whitters Alan C
Bought by
Erenberger Mark R and Erenberger Leann R
Seller's Agent
Karen Mathison
Realty87
Buyer's Agent
Jane Glantz
SKOGMAN REALTY
List Price
$749,000
Sold Price
$710,000
Premium/Discount to List
-$39,000
-5.21%

Purchase Details

Closed on
Feb 21, 2018
Sold by
Whitters Alan and Mccalley Whitters Mona
Bought by
Mccalley Whitters Mona

Purchase Details

Closed on
Mar 3, 2017
Sold by
Lofts At Red Cedar Llc
Bought by
Whitters Alan and Mccalley Whitters Mona
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
Erenberger Mark Robert -- None Available
Erenberger Mark R $710,000 None Listed On Document
Mccalley Whitters Mona -- None Available
Whitters Alan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitters Alan $484,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $710,000 -5.2% $275 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $749,000 +5.5% $290 / Sq Ft
01/03/2021 01/03/21 Off Market $710,000 -- --
09/23/2020 09/23/20 For Sale $749,000 -- $290 / 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 $22 $693,400 $70,000 $623,400
2023 $22 $562,500 $70,000 $492,500
2022 $206 $543,700 $70,000 $473,700
2021 $218 $483,600 $9,900 $473,700
2020 $218 $9,900 $9,900 $0
2019 $214 $9,900 $9,900 $0
2018 $208 $9,900 $9,900 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Mathison

    Seller's Agent in 2021

    Karen Mathison

    Realty87

    (319) 573-8106

    3 in this area

    144 Total Sales

    Karen Mathison
    Section Image

  • J

    Buyer's Agent in 2021

    Jane Glantz

    SKOGMAN REALTY

    (319) 551-3600

    2 in this area

    181 Total Sales

    Jane Glantz
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2006682

Cedar Rapids Area Association of REALTORS®

APN: 14282-78019-01036

Iowa Linn County Cedar Rapids 52404 Downtown Cedar Rapids

450 1st St SW Unit 603, Cedar Rapids, IA

This home is located at 450 1st St SW Unit 603, Cedar Rapids, IA 52404 since 23 September 2020 and is currently estimated at $723,643, approximately $279 per square foot. This property was built in 2017. 450 1st St SW Unit 603 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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