NOT LISTED FOR SALE

4525 Armar Dr SE Unit 85 Cedar Rapids, IA 52403

Estimated Value: $120,000 - $122,201

2 Beds
2 Baths
1,126 Sq Ft
$115/mo HOA Fee

Last Sold March 01, 2018

Last sale price $87,500 $78 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $941/month

10 Days on Market

Highlights

  • Gated Community
  • Deck
  • Ranch Style House
  • Starry Elementary School Rated A-
  • Wooded Lot
  • Formal Dining Room

About This Home

As of March 2018

Less than rent! Come see this spacious condo in a perfect location. Close to everything but feels like you're out of town. Large eat-in kitchen with sliding glass door to deck. Formal dining room opened up to large living room with slider to deck. Lots of new: Flooring, central air, water heater, all kitchen appliances, washer, dryer, light fixtures, ceiling fans, toilets, garage door opener, garbage disposal, interior paint and more! Extra storage room in hallway right next to condo unit. Immediate possession.

Last Agent to Sell the Property

Amy Eaton

Keller Williams Legacy Group Listed on: 01/12/2018

Keller Williams Legacy Group

Last Buyer's Agent

Daniel Baty

Realty87

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,780

Year Built

  • 1984

Lot Details

  • Wooded Lot

HOA Fees

  • $115 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,126 Sq Ft Home
  • Sound System
  • Family Room
  • Formal Dining Room
  • Basement

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Guest Parking

Outdoor Features

  • Deck
  • Storage Shed

Utilities

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

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • Community Storage Space
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,780

Year Built

1984

Lot Details

0

HOA Fees

$115 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1126
  • Association Fee Frequency: Month
  • Association Management: By Association
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 2nd Floor
  • Dining Features: Eat-In Kitchen, Formal Dining
  • Gross Tax: 1780
  • List User Cell Phone: 319-981-5784
  • Miscellaneous: Cable Ready, Deck, Intercom, Security System, Sound System, Storage Shed
  • Net Tax: 1582
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.94086
  • Ratio Close Price By Original Li: 0.94086
  • Ratio Current Price By Sq Ft: 77.71
  • Total Sq Ft: 1126
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1984

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Hood Fan, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Family, 1st Floor Laundry
  • Basement: Slab
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: Wooded

Exterior Features

  • Exterior: Partial Brick, Vinyl

Garage/Parking

  • Garage/Parking: 1 Car, Attached, Guest Parking

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry In Unit, Secure Storage Area, Secured Entrance
  • Association Fee: 115
  • Association: Yes

Schools

  • Elementary School: Starry
  • Middle School: Vernon
  • High School: Marion

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: Pets Not Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2018
Closed on
Feb 27, 2018
Sold by
Stanek Timothy L and Stanek Jean M
Bought by
Glessner Gregory B and Glessner Faye
Seller's Agent
Amy Eaton
Keller Williams Legacy Group
Buyer's Agent
Daniel Baty
Realty87
List Price
$93,000
Sold Price
$87,500
Premium/Discount to List
-$5,500
-5.91%
Current Estimated Value
$121,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,050
Avg. Annual Appreciation
4.71%
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
Glessner Gregory B $87,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stanek Timothy L $75,000
Previous Owner Stanek Timothy $57,000
Previous Owner Stanek Timothy L $51,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Sold $87,500 -5.9% $78 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $93,000 +45.3% $83 / Sq Ft
09/30/2013 09/30/13 Sold $64,000 -11.0% $57 / Sq Ft
09/04/2013 09/04/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $71,900 -- $64 / 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 $2,206 $127,100 $17,000 $110,100
2023 $2,206 $119,900 $17,000 $102,900
2022 $1,780 $105,100 $17,000 $88,100
2021 $1,854 $88,100 $12,000 $76,100
2020 $1,854 $87,300 $12,000 $75,300
2019 $1,584 $76,800 $12,000 $64,800
2018 $1,530 $76,800 $12,000 $64,800
2017 $1,602 $77,300 $7,000 $70,300
2016 $1,781 $77,300 $7,000 $70,300
2015 $1,835 $79,615 $7,000 $72,615
2014 $1,634 $79,615 $7,000 $72,615
2013 $1,508 $79,615 $7,000 $72,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1800304

Cedar Rapids Area Association of REALTORS®

APN: 14013-53001-01004