NOT LISTED FOR SALE

4525 1st Ave SW Unit 10 Cedar Rapids, IA 52405

Estimated Value: $96,000 - $104,000

2 Beds
1 Bath
900 Sq Ft
$135/mo HOA Fee

Last Sold December 29, 2023

Last sale price $97,000 $108 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $780/month

28 Days on Market

Highlights

  • Gated Community
  • Deck
  • Ranch Style House
  • Junction City Elementary School Rated A
  • Vaulted Ceiling
  • Eat-In Kitchen

About This Home

As of December 2023

WHY RENT WHEN YOU CAN OWN! BUILD EQUITY, GET PROPERTY TAX BENFITS, AND OWN THE AMERICAN DREAM...This condo was lovingly lived in and maintained by the owner for over 16 years. (It was not a rental). The many features that the new owner will enjoy is the cathedral/vaulted ceilings to give the feel of open spaces with more daylight, that only a 3rd floor condo can provide. The living room includes a built in gas fireplace and large sliding doors to lead out to your own private deck. The many updates also include: brand new carpet and paint througout. New kitchen & bathroom flooring (2020). Newer washer and dryer are included. Brand new water heater with drip pan (for extra peace of mind). Newer kitchen faucet and sprayer. Newer bathroom faucet. New roof & insulation (both building and garage!). 1 stall garage directly across from the front door is included and has built in shelving that stays. The building is secure and includes an intercom system. Third Floor condos tend to be very popular for the vaulted ceilings and the no people living above you...so don't miss out on owning this lovingly maintained, owner occupied, condo.

Last Agent to Sell the Property

Jennifer Burhans

LEPIC-KROEGER CORRIDOR, REALTORS Listed on: 11/08/2023

Last Buyer's Agent

Sara Kruse

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,653

Year Built

  • 1998

HOA Fees

  • $135 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 900 Sq Ft Home
  • Vaulted Ceiling
  • Gas Fireplace
  • Living Room

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 1 Car Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Community Details

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets

Additional Features

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,653

Year Built

1998

Lot Details

0

HOA Fees

$135 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 900
  • Association Fee Frequency: Month
  • 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: 1653
  • List User Cell Phone: 319-270-9353
  • Miscellaneous: Cable Ready, Deck, Intercom, Security System, Vaulted Ceiling
  • Net Tax: 1466
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97487
  • Ratio Close Price By Original Li: 0.97487
  • Ratio Current Price By Sq Ft: 107.78
  • Total Sq Ft: 900
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1998

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Living Room
  • Basement: Slab
  • Full Bathrooms: 1
  • Fireplace Features: Built In, Gas
  • Level 3 Full Bathrooms: 1
  • Master Bedroom Level: Level 3

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Brick, Vinyl

Garage/Parking

  • Garage/Parking: 1 Car

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry In Unit, Lawncaresnowremovalincluded, Secured Entrance
  • Association Fee: 135
  • Association: Yes

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Dec 26, 2023
Sold by
Monsef Anahita C
Bought by
Stadtmueller Michael P and Stadtmueller Leah
Seller's Agent
Jennifer Burhans
LEPIC-KROEGER CORRIDOR, REALTORS
Buyer's Agent
Sara Kruse
Pinnacle Realty LLC
List Price
$99,500
Sold Price
$97,000
Premium/Discount to List
-$2,500
-2.51%
Views
117
Current Estimated Value
$100,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,415
Avg. Annual Appreciation
1.80%
Original Mortgage
$77,600
Outstanding Balance
$76,342
Interest Rate
7.88%
Mortgage Type
New Conventional
Estimated Equity
$24,073

Purchase Details

Closed on
Jun 23, 2007
Sold by
King Angela L
Bought by
Monsef Anahita C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,750
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2000
Sold by
Pape Bonnie J and Pape Jeffrey M
Bought by
King Angela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,400
Interest Rate
8.24%

Purchase Details

Closed on
Sep 25, 1998
Sold by
Wells & Ambrose Development Co Inc
Bought by
Krogman Bonnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,010
Interest Rate
6.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stadtmueller Michael P $97,000 None Listed On Document
Stadtmueller Michael P $97,000 None Listed On Document
Monsef Anahita C $66,500 None Available
King Angela L $70,000 --
Krogman Bonnie J $68,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stadtmueller Michael P $77,600
Closed Stadtmueller Michael P $77,600
Previous Owner Monsef Anahita C $60,750
Previous Owner King Angela L $56,400
Previous Owner Krogman Bonnie J $62,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2023 12/29/23 Sold $97,000 -2.5% $108 / Sq Ft
11/08/2023 11/08/23 For Sale $99,500 -- $111 / 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 $1,398 $96,300 $13,000 $83,300
2024 $1,466 $89,500 $13,000 $76,500
2023 $1,466 $89,500 $13,000 $76,500
2022 $1,400 $78,400 $10,000 $68,400
2021 $1,438 $76,500 $10,000 $66,500
2020 $1,438 $73,800 $10,000 $63,800
2019 $1,286 $68,200 $10,000 $58,200
2018 $1,218 $68,200 $10,000 $58,200
2017 $1,387 $65,300 $5,000 $60,300
2016 $1,387 $65,300 $5,000 $60,300
2015 $1,202 $66,320 $5,000 $61,320
2014 $613 $66,320 $5,000 $61,320
2013 -- $66,320 $5,000 $61,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2307314

Cedar Rapids Area Association of REALTORS®

APN: 13253-77004-01081