NOT LISTED FOR SALE

503 Forest Dr SE Cedar Rapids, IA 52403

Vernon Heights Neighborhood

Estimated Value: $251,000 - $267,027

4 Beds
2.5 Baths
2,376 Sq Ft
$110/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $145,000 $61 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,821/month

135 Days on Market

Highlights

  • Den
  • 2 Car Detached Garage
  • Forced Air Cooling System
  • Formal Dining Room
  • Eat-In Kitchen
  • Home Security System

About This Home

As of June 2021

Grand old home with tons of character. All the things you can't find in today's new construction. Traditional colonial style with large first floor and woodburning fireplace. Step up to the sweet mini library and there is a den/office right next door. The crown molding, beautiful built-ins, 3 season sun porch, large windows that allows a lot of light and wood floors. Upstairs are four bedrooms and one full bath. The attic is large and could be finished or used for storage. The basement has a full bath and stone wood burning fireplace in the rec room as well. Newer 2 car detached garage. Lots of potential in this house and location for sweat equity. Property is SOLD AS IS.

Last Agent to Sell the Property

Penny Novak

SKOGMAN REALTY Listed on: 12/16/2020

SKOGMAN REALTY

Last Buyer's Agent

Matt Strand

Black Horse Real Estate Company

Home Details

Home Type

  • Single Family

Year Built

  • 1915

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 53x140

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Utilities

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

Home Details

Home Type

Single Family

Year Built

1915

Lot Details

0

Listing Details

  • Style: 2 Stories
  • Acres: 0.1700
  • Above Grade Finished Sq Ft: 2076
  • Total Bathrooms: 2.10
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen, Formal Dining
  • Gross Tax: 4161
  • List User Cell Phone: 319-981-3484
  • Low Lvl Fin Sq Ft: 300
  • Miscellaneous: 3 Seasons, Cable Ready, Security System
  • Net Tax: 3972
  • Other: Repo
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.96731
  • Ratio Close Price By Original Li: 0.77540
  • Ratio Current Price By Sq Ft: 69.85
  • Total Sq Ft: 2376
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1915

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Hood Fan, Microwave, Range, Water Heater – Gas
  • Additional Room: Den/Study
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms Level 2: 4
  • Fireplace Features: Built In, Wood Burning, Living Room
  • Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Room Count: 9

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Detached
  • Garage Size: 2 car

Utilities

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

Schools

  • Elementary School: Grant Wood
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: 53x140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Jun 10, 2021
Sold by
Greenstate Credit Union
Bought by
Black Horse Rentals Llc
Seller's Agent
Penny Novak
SKOGMAN REALTY
Buyer's Agent
Matt Strand
Black Horse Real Estate Company
List Price
$182,500
Sold Price
$145,000
Premium/Discount to List
-$37,500
-20.55%
Current Estimated Value
$261,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,257
Avg. Annual Appreciation
15.84%
Original Mortgage
$134,000
Outstanding Balance
$122,634
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$141,176

Purchase Details

Closed on
Sep 29, 2020
Sold by
Linn County Sheriff
Bought by
Greenstate Credit Union and Iowa Department Of Revenue

Purchase Details

Closed on
Aug 3, 2018
Sold by
Andersen Darrell Douglas and Andersen Katherine E
Bought by
Parry Jason and Parry Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 11, 2009
Sold by
Andersen Darrell Douglas and Andersen Katherine E
Bought by
Andersen Darrell Douglas and Andersen 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
$163,400
Interest Rate
5.19%
Mortgage Type
VA

Purchase Details

Closed on
Apr 9, 2009
Sold by
Price Gwen Marie and Price Steve
Bought by
Andersen Darrell Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,400
Interest Rate
5.19%
Mortgage Type
VA

Purchase Details

Closed on
Jun 30, 2004
Sold by
Struthers Melvin and Struthers Eleanor Ann
Bought by
Kluber Gwen Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,600
Interest Rate
6.37%
Mortgage Type
Unknown
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
Black Horse Rentals Llc $145,000 None Available
Greenstate Credit Union $189,828 Gardner Brian D
Parry Jason $190,000 None Available
Andersen Darrell Douglas -- None Available
Andersen Darrell Douglas $159,500 None Available
Kluber Gwen Marie $168,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Horse Rentals Llc $134,000
Previous Owner Parry Jason $171,000
Previous Owner Andersen Darrell Douglas $37,000
Previous Owner Anderson Darrell Douglas $157,550
Previous Owner Andersen Darrell Douglas $163,400
Previous Owner Kluber Gwen Marie $30,000
Previous Owner Kluber Gwen Marie $135,600
Closed Kluber Gwen Marie $25,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $145,000 -3.3% $61 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/27/2021 04/27/21 Price Changed $149,900 -14.3% $63 / Sq Ft
03/19/2021 03/19/21 Price Changed $174,999 -4.1% $74 / Sq Ft
03/08/2021 03/08/21 For Sale $182,500 +25.9% $77 / Sq Ft
03/01/2021 03/01/21 Off Market $145,000 -- --
01/15/2021 01/15/21 Price Changed $182,500 -2.4% $77 / Sq Ft
12/16/2020 12/16/20 For Sale $187,000 -- $79 / 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 $4,552 $240,200 $39,800 $200,400
2022 $4,330 $215,800 $34,500 $181,300
2021 $4,274 $209,000 $34,500 $174,500
2020 $4,274 $193,700 $26,500 $167,200
2019 $3,814 $188,700 $26,500 $162,200
2018 $3,702 $188,700 $26,500 $162,200
2017 $3,772 $185,000 $26,500 $158,500
2016 $3,611 $173,200 $26,500 $146,700
2015 $3,891 $186,206 $26,500 $159,706
2014 $3,706 $186,206 $26,500 $159,706
2013 $3,620 $186,206 $26,500 $159,706
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Penny Novak

    SKOGMAN REALTY

    Section Image

  • M

    Buyer's Agent in 2021

    Matt Strand

    Black Horse Real Estate Company

    (319) 270-3662

    1 in this area

    35 Total Sales

    Matt Strand
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2009314

Cedar Rapids Area Association of REALTORS®

APN: 14233-34015-00000

Iowa Linn County Cedar Rapids 52403 Vernon Heights

503 Forest Dr SE, Cedar Rapids, IA

This home is located at 503 Forest Dr SE, Cedar Rapids, IA 52403 since 16 December 2020 and is currently estimated at $261,257, approximately $109 per square foot. This property was built in 1915. 503 Forest Dr SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington 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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