507 40th St NE Cedar Rapids, IA 52402
Kenwood Park Neighborhood
3
Beds
1
Bath
960
Sq Ft
8,276
Sq Ft Lot
Highlights
- Ranch Style House
- 2 Car Detached Garage
- Forced Air Heating and Cooling System
- No HOA
- Patio
About This Home
As of January 2025Welcome to 507 40th St NE, a delightful and well-maintained property in the heart of Cedar Rapids! This 3-bedroom, 1-bathroom home offers comfort, an updated interior, and convenience. You will find an inviting layout perfect for families or first-time homebuyers. You will also enjoy new carpet throughout, newer windows, a new roof, newer water heater, and updated amenities in the home. The large fenced back yard is a great space and there is plenty of garage space for your toys!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,954
Year Built
- Built in 1954
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 54x153
Parking
- 2 Car Detached Garage
Home Design
- 960 Sq Ft Home
- Ranch Style House
- Slab Foundation
- Frame Construction
- Aluminum Siding
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Kenwood Elementary School
- Harding Middle School
- Washington High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 14101-07008-00000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 13, 2024
Closed on
Jan 7, 2025
Sold by
Dradel Llc
Bought by
Jordan Janie K and Jordan William A
Seller's Agent
Jason Vestweber
SKOGMAN REALTY
Buyer's Agent
Mike Selling Team
GRAF REAL ESTATE, ERA POWERED
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Views
428
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,822
Avg. Annual Appreciation
-2.71%
Original Mortgage
$45,000
Outstanding Balance
$44,874
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$98,304
Purchase Details
Closed on
Mar 20, 2020
Sold by
D & B Property Services Llc
Bought by
Dradel Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,200
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2012
Sold by
Becwar Dale and Becwar Carol F
Bought by
D & B Property Services Llc
Purchase Details
Listed on
Dec 14, 2011
Closed on
Apr 18, 2012
Sold by
Maroulis James J
Bought by
Becwar Dale
Seller's Agent
Jane Hennings
COLDWELL BANKER HEDGES
Buyer's Agent
Jane Hennings
COLDWELL BANKER HEDGES
List Price
$50,000
Sold Price
$50,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$40,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 30, 2004
Sold by
N & S Properties Llc
Bought by
Maroulis James J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,008
Interest Rate
5.89%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $145,000 | River Ridge Escrow | |
| Warranty Deed | $145,000 | River Ridge Escrow | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $50,000 | None Available | |
| Warranty Deed | $75,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $45,000 | New Conventional | |
| Closed | $45,000 | New Conventional | |
| Previous Owner | $87,200 | New Conventional | |
| Previous Owner | $97,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $40,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $40,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $60,008 | New Conventional | |
| Closed | $15,002 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/08/2025 01/08/25 | Sold | $145,000 | 0.0% | $151 / Sq Ft |
| 01/03/2025 01/03/25 | Pending | -- | -- | -- |
| 11/19/2024 11/19/24 | Price Changed | $145,000 | -3.3% | $151 / Sq Ft |
| 11/13/2024 11/13/24 | For Sale | $150,000 | +200.0% | $156 / Sq Ft |
| 04/30/2012 04/30/12 | Sold | $50,000 | 0.0% | $52 / Sq Ft |
| 01/13/2012 01/13/12 | Pending | -- | -- | -- |
| 12/14/2011 12/14/11 | For Sale | $50,000 | -- | $52 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History Compared to Growth
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 | $2,102 | $110,400 | $35,400 | $75,000 |
| 2022 | $1,842 | $99,700 | $35,400 | $64,300 |
| 2021 | $1,864 | $88,900 | $28,400 | $60,500 |
| 2020 | $1,864 | $84,500 | $25,500 | $59,000 |
| 2019 | $1,676 | $77,800 | $22,700 | $55,100 |
| 2018 | $1,630 | $77,800 | $22,700 | $55,100 |
| 2017 | $1,598 | $75,200 | $22,700 | $52,500 |
| 2016 | $1,598 | $75,200 | $22,700 | $52,500 |
| 2015 | $1,664 | $78,174 | $22,680 | $55,494 |
| 2014 | $1,664 | $78,174 | $22,680 | $55,494 |
| 2013 | $1,628 | $78,174 | $22,680 | $55,494 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Vestweber
Seller's Agent in 2025
Jason Vestweber
SKOGMAN REALTY
(319) 551-0373
2 in this area
133 Total Sales
-
Mike Selling Team
M
Buyer's Agent in 2025
Mike Selling Team
GRAF REAL ESTATE, ERA POWERED
(319) 981-3702
11 in this area
571 Total Sales
-
J
Seller's Agent in 2012
Jane Hennings
COLDWELL BANKER HEDGES
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2407875
APN: 14101-07008-00000
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