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
- Eat-In Kitchen
- Patio
- 2 Car Detached Garage
- Forced Air Cooling System
About This Home
As of January 2025GREAT FLOORPLAN WITH 3 GOOD SIZE BEDROOMS,AND EAT IN KITCHEN, IN A GREAT NE NEIGHBORHOOD. NEEDS WORK. THIS IS A SHORT SALE; INFORM YOUR BUYER OF THE TIMELINE INVOLVED. Commission is negotiable, will split 50/50 with buyer agent
Last Agent to Sell the Property
Jane Hennings
COLDWELL BANKER HEDGES
Last Buyer's Agent
Jane Hennings
COLDWELL BANKER HEDGES
Home Details
Home Type
- Single Family
Year Built
- 1954
Parking
- 2 Car Detached Garage
Home Design
- 960 Sq Ft Home
- Ranch Style House
- Slab Foundation
- Frame Construction
- Aluminum Siding
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Cooling System
- Heating System Uses Gas
Additional Features
- Patio
- Lot Dimensions are 54 x 153
Listing and Financial Details
- Short Sale
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
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Total Days on Market
30
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
-$1,898
Avg. Annual Appreciation
-4.03%
Original Mortgage
$45,000
Outstanding Balance
$44,874
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$98,228
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
8.41%
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
Map
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Similar Homes in Cedar Rapids, IA
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
| 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
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 1108250
APN: 14101-07008-00000
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