NOT LISTED FOR SALE

4518 Fairlane Ct NE Cedar Rapids, IA 52402

Estimated Value: $235,000 - $254,000

3 Beds
1.5 Baths
2,153 Sq Ft
$114/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $185,000 $86 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,674/month

92 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Vaulted Ceiling
  • John F. Kennedy High School Rated A-
  • Wooded Lot
  • Ranch Style House

About This Home

As of March 2020

If you are looking for a move in ready Mid Century modern, you won’t want to miss this one. Located on a private cul-de-sac and walking distance to Pierce and Kennedy schools this three bedroom 1.5 bath ranch, feels like home when you walk in the door. The wood floors, tastefully painted rooms and vaulted ceilings welcome you. There is a eat in galley style kitchen and a large family room with a fireplace and formal dining area off the back of the home. The lower level is nicely finished and has a ½ bath, a non conforming bedroom . There is a large deck and a huge locked storage area below the family room. The attached 2 car garage and the new roof are another plus to this must-see home. Call for you private showing.

Last Agent to Sell the Property

Karen Mathison

Realty87 Listed on: 11/01/2019

Realty87

Last Buyer's Agent

Sara Griffin

Realty87

Realty87

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,446

Year Built

  • 1961

Lot Details

  • 9,583 Sq Ft Lot
  • Cul-De-Sac
  • Wooded Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Frame Construction

Interior Spaces

  • Vaulted Ceiling
  • Gas Fireplace
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Storage Shed

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,446

Year Built

1961

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.2200
  • Above Grade Finished Sq Ft: 1508
  • Total Bathrooms: 1.10
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen, Formal Dining
  • Gross Tax: 3446
  • List User Cell Phone: 319-573-8106
  • Low Lvl Fin Sq Ft: 645
  • Miscellaneous: Cable Ready, Deck, Home Warranty, Patio, Security System, Storage Shed, Vaulted Ceiling
  • Net Tax: 3446
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97368
  • Ratio Close Price By Original Li: 0.97368
  • Ratio Current Price By Sq Ft: 122.68
  • Total Sq Ft: 2153
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1961

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Heater – Gas, Water Softener – Lease
  • Additional Room: Great Room, Living Room, Rec Room
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms Level 1: 3
  • Fireplace Features: Built In, Family Room, Gas
  • Level 1 Full Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Site Description: Cul-De-Sac, Wooded

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Pierce
  • Middle School: Franklin
  • High School: Kennedy

Lot Info

  • Lot Size: Irregular

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2019
Closed on
Mar 28, 2020
Sold by
Ross Katherine E and Candia Fernando
Bought by
Montgomery Todd E
Seller's Agent
Karen Mathison
Realty87
Buyer's Agent
Sara Griffin
Realty87
List Price
$190,000
Sold Price
$185,000
Premium/Discount to List
-$5,000
-2.63%
Current Estimated Value
$245,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,673
Avg. Annual Appreciation
5.52%
Original Mortgage
$166,500
Outstanding Balance
$148,564
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$97,109

Purchase Details

Closed on
Aug 5, 2004
Sold by
Patschke George A and Patschke Barbara J
Bought by
Ross Katherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,050
Interest Rate
6.34%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 15, 1997
Sold by
Davie George A and Davie Janet C
Bought by
Patschke George A and Patschke Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.51%
Source: Public Records

Range of Values:

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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
Montgomery Todd E $185,000 None Available
Ross Katherine E $138,500 --
Patschke George A $122,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montgomery Todd E $40,000
Open Montgomery Todd E $166,500
Previous Owner Ross Katherine E $152,302
Previous Owner Ross Katherine $155,998
Previous Owner Ross Katherine E $150,780
Previous Owner Ross Katherine E $20,000
Previous Owner Ross Katherine E $25,000
Previous Owner Ross Katherine E $132,050
Previous Owner Patschke George A $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $185,000 -2.6% $86 / Sq Ft
02/01/2020 02/01/20 Pending -- -- --
11/01/2019 11/01/19 For Sale $190,000 -- $88 / 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 $3,798 $208,000 $36,400 $171,600
2022 $3,294 $188,900 $36,400 $152,500
2021 $3,434 $168,000 $34,700 $133,300
2020 $3,434 $164,200 $26,000 $138,200
2019 $3,446 $159,900 $26,000 $133,900
2018 $3,352 $159,900 $26,000 $133,900
2017 $3,094 $154,200 $26,000 $128,200
2016 $3,094 $145,600 $26,000 $119,600
2015 $3,068 $144,178 $26,014 $118,164
2014 $3,068 $152,885 $26,014 $126,871
2013 $3,184 $152,885 $26,014 $126,871
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1907991

Cedar Rapids Area Association of REALTORS®

APN: 14043-51005-00000