$87,500
SOLD FEB 22, 2022

4505 1st Ave SW Unit 10 Cedar Rapids, IA 52405

2 Beds
1 Bath
900 Sq Ft
$125/mo HOA Fee

Recently Sold

$97 Per Sq Ft

3% Below List Price

Highlights

  • Family Room with Fireplace
  • Eat-In Kitchen
  • Forced Air Cooling System
  • 1 Car Detached Garage

About This Home

As of February 2022

CUTE, CLEAN AND COZY!! 2 BEDROOM CONDO WITH ALL APPLIANCES INCLUDING WASHER/DRYER
IN UNIT, LARGE DECK, NEW PAINT AND CARPET THRUGHOUT, AND A GARAGE TOO! NO MORE SNOW REMOVAL OR LAWN CARE. PRICED TO SELL!

Last Agent to Sell the Property

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES Listed on: 01/25/2022

Last Buyer's Agent

Jeremy Trenkamp

Realty87

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,600

Year Built

  • 1997

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 900 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on third floor
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Utilities

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

Community Details

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,600

Year Built

1997

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Above Grade Finished Sq Ft: 900
  • Association Fee Frequency: Month
  • Association Management: By Association, By Prop Mgmt.
  • Total Bathrooms: 1.00
  • Bedrooms Level 3: 2
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Eat-In Kitchen
  • Gross Tax: 1600
  • List User Cell Phone: 319-981-3702
  • Miscellaneous: Cable Ready
  • Net Tax: 1600
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97276
  • Ratio Close Price By Original Li: 0.97276
  • Ratio Current Price By Sq Ft: 97.22
  • Total Sq Ft: 900
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1997

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Gas
  • Full Bathrooms: 1
  • Fireplace Features: Family Room, Gas
  • Level 3 Full Bathrooms: 1
  • Master Bedroom Level: Level 3

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 1 Car, Detached

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry In Unit
  • Association Fee: 125
  • Association: Yes

Schools

  • Elementary School: Hoover
  • Middle School: Roosevelt
  • High School: Jefferson

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 15, 2022
Sold by
Fraley and Clayton
Bought by
Lincoln Equity Llc
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Jeremy Trenkamp
Realty87
List Price
$89,950
Sold Price
$87,500
Premium/Discount to List
-$2,450
-2.72%
Total Days on Market
0
Current Estimated Value
$99,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,007
Avg. Annual Appreciation
3.88%
Original Mortgage
$70,000
Outstanding Balance
$64,212
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$35,295

Purchase Details

Listed on
Nov 14, 2018
Closed on
Dec 12, 2018
Sold by
Pinnacle Housing Of Iowa Llc
Bought by
Fraley Milinda
Seller's Agent
Adam Green
Pinnacle Realty LLC
Buyer's Agent
Sarah Williams
Pinnacle Realty LLC
List Price
$66,000
Sold Price
$65,000
Premium/Discount to List
-$1,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$52,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2009
Sold by
Galpin Jared J
Bought by
Hegtvedt Aaron E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,197
Interest Rate
5.32%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2006
Sold by
Drahos Heather L
Bought by
Galpin Jared J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,385
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2002
Sold by
Lawrie Teren J and Lawrie Anne
Bought by
Drahos Heather L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,050
Interest Rate
6.79%

Purchase Details

Closed on
Dec 19, 1997
Sold by
Wells & Ambrose Development Co Inc
Bought by
Lawrie Teren J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,505
Interest Rate
6.87%
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 Type Sale Price Title Company
Warranty Deed $87,500 None Listed On Document
Warranty Deed $65,000 None Available
Warranty Deed $71,000 None Available
Warranty Deed $70,000 None Available
Warranty Deed $68,000 --
Warranty Deed $67,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,000 New Conventional
Previous Owner $52,000 New Conventional
Previous Owner $52,000 New Conventional
Previous Owner $200,000 Commercial
Previous Owner $70,197 FHA
Previous Owner $68,385 Purchase Money Mortgage
Previous Owner $65,050 No Value Available
Previous Owner $64,505 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2022 02/22/22 Sold $87,500 -2.7% $97 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $89,950 +38.4% $100 / Sq Ft
12/14/2018 12/14/18 Sold $65,000 -1.5% $72 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
11/14/2018 11/14/18 For Sale $66,000 +1.5% $73 / Sq Ft
09/15/2015 09/15/15 Sold $65,000 -3.0% $72 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $67,000 -- $74 / 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 $1,634 $88,500 $13,000 $75,500
2022 $1,566 $77,500 $10,000 $67,500
2021 $1,610 $75,600 $10,000 $65,600
2020 $1,610 $73,000 $10,000 $63,000
2019 $1,454 $67,500 $10,000 $57,500
2018 $1,386 $67,500 $10,000 $57,500
2017 $1,406 $64,600 $5,000 $59,600
2016 $1,373 $64,600 $5,000 $59,600
2015 $1,188 $65,671 $5,000 $60,671
2014 $1,212 $65,671 $5,000 $60,671
2013 -- $65,671 $5,000 $60,671
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

  • Jeremy Trenkamp

    Buyer's Agent in 2022

    Jeremy Trenkamp

    Realty87

    (319) 270-1323

    840 Total Sales

    Jeremy Trenkamp
    Section Image
  • Adam Green

    Seller's Agent in 2018

    Adam Green

    Pinnacle Realty LLC

    (319) 721-3103

    197 Total Sales

    Adam Green
    Section Image

  • S

    Buyer's Agent in 2018

    Sarah Williams

    Pinnacle Realty LLC

  • Doug Mcallister

    Seller's Agent in 2015

    Doug Mcallister

    Pinnacle Realty LLC

    (319) 350-9476

    68 Total Sales

    Doug Mcallister
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2200385

Cedar Rapids Area Association of REALTORS®

APN: 13253-77004-01045

Iowa Linn County Cedar Rapids 52404

4505 1st Ave SW Unit 10, Cedar Rapids, IA

This home is located at 4505 1st Ave SW Unit 10, Cedar Rapids, IA 52405 and is currently priced at $87,500, approximately $97 per square foot. This property was built in 1997. 4505 1st Ave SW Unit 10 is a home located in Linn County with nearby schools including Hoover Elementary School, Roosevelt Creative Corridor Business Academy, 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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