NOT LISTED FOR SALE

50 Thompson Dr Palo, IA 52324

Estimated Value: $225,000 - $242,000

3 Beds
2 Baths
1,272 Sq Ft
$184/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $200,000 $157 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,557/month

26 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • 2 Car Attached Garage
  • John F. Kennedy High School Rated A-
  • Formal Dining Room
  • Forced Air Cooling System

About This Home

As of January 2023

Take advantage of a USDA zero down payment on this home! Convenience without living in a big city! Close to Hwy 100 and under 10 minutes to Cedar Rapids, Palo, itself, is a great community with a fabulous daycare, gym and 2 restaurants. Check out this spacious 3 bedroom ranch with new flooring throughout! LVP in the living room and kitchen, and tiling in the dining room, laundry, and bath room. You’ll have the option to eat in the kitchen area or there is a formal dining room. You could also have the option to use the dining room as a bonus room for an office, or anything you’d like. Newer roof, a/c and brand new water heater. The basement can easily be finished for tons of extra living space! You’ll appreciate the deep 2 car garage and large backyard with a deck to enjoy those great summer days!

Last Listed By

Jennifer Jacobs

RE/MAX CONCEPTS Listed on: 11/13/2022

RE/MAX CONCEPTS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,331

Year Built

  • 1989

Lot Details

  • 0.28 Acre Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,272 Sq Ft Home
  • Family Room
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Storage Shed

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,331

Year Built

1989

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.2840
  • Above Grade Finished Sq Ft: 1272
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • City Name: Palo
  • Dining Features: Formal Dining, Kitchen/Dining Combo
  • Gross Tax: 3331
  • List User Cell Phone: 319-350-8927
  • Miscellaneous: Deck, Storage Shed
  • Net Tax: 3155
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.95694
  • Ratio Close Price By Original Li: 0.93023
  • Ratio Current Price By Sq Ft: 157.23
  • Total Sq Ft: 1272
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1989

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Gas, Water Softener – Lease
  • Additional Room: 1st Floor Family
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 3
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Brick, Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Attached
  • Garage Size: 516

Utilities

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

Schools

  • Elementary School: Viola Gibson
  • Middle School: Harding
  • High School: Kennedy

Lot Info

  • Lot Size: Irregular

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2022
Closed on
Jan 11, 2023
Sold by
Evans Briana N and Evans Todd W
Bought by
Neis Trevor Austin and Neis Sophie Mae
Seller's Agent
Jennifer Jacobs
RE/MAX CONCEPTS
Buyer's Agent
Jenna Burt
Keller Williams Legacy Group
List Price
$215,000
Sold Price
$200,000
Premium/Discount to List
-$15,000
-6.98%
Total Days on Market
26
Views
33
Current Estimated Value
$234,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,116
Avg. Annual Appreciation
6.21%
Original Mortgage
$196,377
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 14, 2018
Closed on
Feb 13, 2019
Sold by
Schowalter Justin D
Bought by
Evans Briana N and Evans Todd W
Seller's Agent
Cathy Coffman
Pinnacle Realty LLC
Buyer's Agent
Matt Ford
SKOGMAN REALTY
List Price
$150,000
Sold Price
$135,500
Premium/Discount to List
-$14,500
-9.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.41%
Original Mortgage
$137,626
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2015
Sold by
Slattery Chadwick J and Slattery Nicole M
Bought by
Schowalter Justin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
3.8%

Purchase Details

Listed on
Jun 13, 2015
Closed on
Aug 26, 2015
Sold by
Federal National Mortgage Association and Fannie Mae
Bought by
Slattery Chadwick J
Seller's Agent
KATHY EIGHME
FUSION REALTORS
Buyer's Agent
Doug Mcallister
Pinnacle Realty LLC
List Price
$86,900
Sold Price
$78,225
Premium/Discount to List
-$8,675
-9.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.75%
Original Mortgage
$106,500
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2015
Sold by
Green Tree Servicing Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 10, 2015
Sold by
Cummings Chad M and Cummings Jessica K
Bought by
Green Tree Servicing Llc

Purchase Details

Closed on
Feb 25, 2009
Sold by
Schafrick Garland W and Schafrick Marjorie J
Bought by
Cummings Chad M and Cummings Jessica K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.91%
Mortgage Type
Future Advance Clause Open End Mortgage

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
Neis Trevor Austin $200,000 --
Evans Briana N $135,500 Security First Title Co
Schowalter Justin D -- --
Slattery Chadwick J -- --
Federal National Mortgage Association -- None Available
Green Tree Servicing Llc $138,440 None Available
Cummings Chad M $74,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neis Trevor Austin $196,271
Closed Neis Trevor Austin $196,377
Previous Owner Evans Briana N $135,800
Previous Owner Evans Briana N $137,626
Previous Owner Schowalter Justin D $27,000
Previous Owner Schowalter Justin D $108,000
Previous Owner Slattery Chadwick J $106,500
Previous Owner Cummings Chad M $128,000
Previous Owner Cummings Chad M $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $200,000 -4.3% $157 / Sq Ft
12/09/2022 12/09/22 Pending -- -- --
12/05/2022 12/05/22 Price Changed $209,000 -2.8% $164 / Sq Ft
11/13/2022 11/13/22 For Sale $215,000 +58.7% $169 / Sq Ft
02/15/2019 02/15/19 Sold $135,500 -6.6% $107 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
11/26/2018 11/26/18 Price Changed $145,000 -3.3% $114 / Sq Ft
11/14/2018 11/14/18 For Sale $150,000 +91.8% $118 / Sq Ft
08/27/2015 08/27/15 Sold $78,225 -10.0% $61 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
06/13/2015 06/13/15 For Sale $86,900 -- $68 / 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 $3,112 $193,500 $27,600 $165,900
2022 $3,156 $169,400 $27,600 $141,800
2021 $3,004 $169,400 $27,600 $141,800
2020 $3,004 $156,300 $27,600 $128,700
2019 $2,796 $138,500 $27,600 $110,900
2018 $2,738 $138,500 $27,600 $110,900
2017 $2,672 $130,000 $27,600 $102,400
2016 $2,576 $130,000 $27,600 $102,400
2015 $2,609 $130,000 $27,600 $102,400
2014 $4,234 $130,000 $27,600 $102,400
2013 $1,820 $130,000 $27,600 $102,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2209793

Cedar Rapids Area Association of REALTORS®

APN: 12291-78006-00000