NOT LISTED FOR SALE

507 Fairview Dr SE Cedar Rapids, IA 52403

Vernon Heights Neighborhood

Estimated Value: $264,000 - $401,077

4 Beds
2.5 Baths
3,823 Sq Ft
$81/Sq Ft Est. Value

Last Sold March 08, 2023

Last sale price $242,250 $63 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,989/month

83 Days on Market

Highlights

  • 0.82 Acre Lot
  • Formal Dining Room
  • Central Air
  • Deck
  • 3 Car Attached Garage
  • 1-minute walk to Fairview Park

About This Home

As of March 2023

Check out this historic just under 4,000 sqft brick home in one of Cedar Rapids most sought after neighborhoods. This home boasts 4 bedrooms, 2.75 bathrooms, a screened-in porch, a green house, and a third level that could be finished for more space! The grand entryway is all you need to see before you will be inspired to put the work in to make this lovely home your own.

Last Agent to Sell the Property

Katie Reck

RUHL & RUHL REALTORS® Listed on: 11/17/2022

RUHL & RUHL REALTORS®

Co-Listed By

Ollie Dent

RUHL & RUHL REALTORS®

Last Buyer's Agent

Julie Gassmann

Pinnacle Realty LLC

Pinnacle Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • 1914

Lot Details

  • 0.82

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Great Room with Fireplace
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • Deck
  • 0.82 Acre Lot

Home Details

Home Type

Single Family

Year Built

1914

Lot Details

0

Listing Details

  • Acres: 0.8200
  • Above Grade Finished Sq Ft: 3498
  • Total Bathrooms: 2.10
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Formal Dining
  • Gross Tax: 8119
  • List User Cell Phone: 319-327-7992
  • Low Lvl Fin Sq Ft: 325
  • Miscellaneous: Deck
  • Net Tax: 8119
  • Other: Repo
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.78145
  • Ratio Current Price By Sq Ft: 69.25
  • Total Sq Ft: 3823
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1914

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms Level 2: 4
  • Fireplace Features: Built In, Great Room
  • Level 2 Full Bathrooms: 2
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 3 Cars, Attached
  • Garage Size: 3

Utilities

  • Heating Cooling: Central Air, Gas Heat

Schools

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

Lot Info

  • Lot Size: 35,556

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Feb 28, 2023
Sold by
Carrington Mortgage Services Llc
Bought by
Porter Joseph and Porter Melissa
Seller's Agent
Katie Reck
RUHL & RUHL REALTORS®
Buyer's Agent
Julie Gassmann
Pinnacle Realty LLC
List Price
$310,000
Sold Price
$242,250
Premium/Discount to List
-$67,750
-21.85%
Total Days on Market
83
Views
507
Current Estimated Value
$309,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,769
Avg. Annual Appreciation
10.02%
Original Mortgage
$205,913
Outstanding Balance
$199,153
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$109,866

Purchase Details

Closed on
Oct 4, 2022
Sold by
Sheriffs Of Linn County
Bought by
Reverse Mortgage Funding Llc

Purchase Details

Closed on
Dec 12, 2015
Sold by
Hoskins Donald C and Johnson Janet S
Bought by
Hoskins Donald C

Purchase Details

Closed on
Oct 22, 2009
Sold by
Healy Michael E and Healy Faye C
Bought by
Loney Gary T and Loney Sarah E

Purchase Details

Closed on
Sep 30, 2004
Sold by
Loomis Anne E H and Hoskins Anne E H
Bought by
Hoskins Donald C

Purchase Details

Closed on
Aug 28, 2002
Sold by
Hindman Mary K and Parks Thomas A
Bought by
Hoskins Donald C and Hoskins Anne E H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,000
Interest Rate
6.41%

Purchase Details

Closed on
Mar 18, 2002
Sold by
Hindman Mary K and Parks Thomas A
Bought by
Hoskins Donald C and Hoskins Anne E H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 1, 1999
Sold by
Wallace Margaret Amelia
Bought by
Wright Michael J and Wright Christina M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Porter Joseph $242,500 --
Carrington Mortgage Services Llc -- --
Reverse Mortgage Funding Llc $310,500 --
Hoskins Donald C -- None Available
Loney Gary T -- None Available
Hoskins Donald C -- --
Hoskins Donald C $279,500 Midwest Community Title
Hoskins Donald C $280,000 --
Wright Michael J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrington Mortgage Services Llc $205,913
Previous Owner Hoskins Donald C $251,000
Previous Owner Hoskins Donald C $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2023 03/08/23 Sold $242,250 0.0% $63 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/24/2023 01/24/23 Price Changed $242,250 -5.0% $63 / Sq Ft
12/13/2022 12/13/22 Price Changed $255,000 -17.7% $67 / Sq Ft
11/17/2022 11/17/22 For Sale $310,000 -- $81 / 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
2025 $4,286 $303,900 $132,500 $171,400
2024 $7,732 $294,700 $122,600 $172,100
2023 $7,732 $255,400 $122,600 $132,800
2022 $8,016 $375,500 $122,600 $252,900
2021 $8,854 $395,900 $143,000 $252,900
2020 $8,854 $409,900 $143,000 $266,900
2019 $8,296 $393,400 $143,000 $250,400
2018 $7,372 $393,400 $143,000 $250,400
2017 $7,963 $377,000 $143,000 $234,000
2016 $7,963 $374,600 $143,000 $231,600
2015 $7,778 $380,705 $142,975 $237,730
2014 $7,916 $390,821 $142,975 $247,846
2013 $7,952 $390,821 $142,975 $247,846
Source: Public Records

Agents Affiliated with this Home

  • Katie Reck

    Seller's Agent in 2023

    Katie Reck

    Ruhl & Ruhl

    (319) 327-7992

    1 in this area

    103 Total Sales

    Katie Reck
    Section Image
  • Ollie Dent

    Seller Co-Listing Agent in 2023

    Ollie Dent

    Ruhl & Ruhl

    (319) 329-4050

    4 in this area

    86 Total Sales

    Ollie Dent
    Section Image
  • Julie Gassmann

    Buyer's Agent in 2023

    Julie Gassmann

    Pinnacle Realty LLC

    (319) 651-6801

    2 in this area

    185 Total Sales

    Julie Gassmann
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2209870

Cedar Rapids Area Association of REALTORS®

APN: 14224-08001-00000

Iowa Linn County Cedar Rapids 52403 Vernon Heights

507 Fairview Dr SE, Cedar Rapids, IA

This home is located at 507 Fairview Dr SE, Cedar Rapids, IA 52403 since 17 November 2022 and is currently estimated at $309,019, approximately $80 per square foot. This property was built in 1914. 507 Fairview 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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