NOT LISTED FOR SALE

5240 Elderton Dr Marion, IA 52302

Estimated Value: $872,217 - $1,072,000

6 Beds
5.5 Baths
6,286 Sq Ft
$158/Sq Ft Est. Value

Sale Details

Date Sold: December 21, 2018

Last sale price $375,000 $60 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $6,944 / mo

55 Days on Market

Highlights

  • Home Theater
  • 0.9 Acre Lot
  • Main Floor Primary Bedroom
  • Indian Creek Elementary School Rated A-
  • Recreation Room
  • Hydromassage or Jetted Bathtub

About This Home

As of December 2018

This home is SOLD AS IS, has a lot of potential, but needs a lot of your TLC. Former parade home with unique custom designs, volume ceilings, 6 bedrooms, 5.5 baths, over 5000 sq ft on .83 acre lot located in the Linn-Mar school district. The open concept from the kitchen to the adjacent great room and formal dining room with wet bar/butler pantry is ideal for entertaining family and guests. The kitchen features wall of cabinets with built-in gas stove, double ovens, microwave, large granite breakfast bar and adjacent octagon dining area with atrium door to stone patio and backyard with fire pit. The theme continues to the octagon 2-story den/music room with overhead balcony to the octagon master suite with private bath, jetted tub and large walk in tiled shower and large walk-in closet. Main floor laundry room with cabinets and drop zone area off 3 car garage. The spiral staircase going up to the second level features 4 bedrooms, 2 baths & middle bonus area with door to balcony (1 bedroom with private bath & two other bedrooms with LARGE Jack & Jill bath) The lower level family/rec room features industrial painted ceiling, stained cement flooring, large cement top wet bar, second den, 6th bedroom and full bath. Close to Lowe Park, bike/walking trails & to the new Tower Terrace Rd. This home is priced below assessed value.

Last Agent to Sell the Property

Marian Flink

SKOGMAN REALTY Listed on: 10/05/2018

SKOGMAN REALTY

Last Buyer's Agent

Debra Callahan

RE/MAX CONCEPTS

RE/MAX CONCEPTS

Home Details

Home Type

  • Single Family

Year Built

  • 2007

Lot Details

  • 0.9

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Sound System
  • Gas Fireplace
  • Great Room with Fireplace
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Primary Bedroom on Main
  • Hydromassage or Jetted Bathtub

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Softener Leased
  • Cable TV Available

Additional Features

  • Patio
  • 39,204 Sq Ft Lot

Home Details

Home Type

Single Family

Year Built

2007

Lot Details

0.9 Acres

Listing Details

  • Style: 2 Stories
  • Acres: 0.9000
  • Above Grade Finished Sq Ft: 4431
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 5.10
  • Lower Level Bedroom: 1
  • Total Bedrooms: 6
  • City Name: Marion
  • Dining Features: Breakfast Bar, Formal Dining, Kitchen/Dining Combo
  • Gross Tax: 14904
  • List User Cell Phone: 319-350-3992
  • Low Lvl Fin Sq Ft: 1855
  • Miscellaneous: Cable Ready, Jetted Tub, Patio, Sound System
  • Net Tax: 14904
  • Other: Repo
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.85227
  • Ratio Current Price By Sq Ft: 84.63
  • Total Sq Ft: 6286
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Appliances Included: Central Vac, Dishwasher, Disposal, Garage Door Opener, Hood Fan, Microwave, Range, Refrigerator, Water Heater – Gas, Water Softener – Lease
  • Additional Room: 1st Floor Family, 1st Floor Laundry, Den/Study, Great Room, Rec Room, Theater Room
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bedrooms Level 1: 1
  • Bedrooms Level 2: 4
  • Fireplace Features: Built In, Gas, Great Room
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Size: .90 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Dec 21, 2018
Sold by
Cedar Rapids Bank And Trust Company
Bought by
Lagrange Chad E and Lagrange Paula D
Seller's Agent
Marian Flink
SKOGMAN REALTY
Buyer's Agent
Debra Callahan
RE/MAX CONCEPTS
List Price
$440,000
Sold Price
$375,000
Premium/Discount to List
-$65,000
-14.77%
Current Estimated Value
$991,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$616,406
Avg. Annual Appreciation
14.22%
Original Mortgage
$300,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 10, 2018
Sold by
Carey Dave J and Carey Amy S
Bought by
Guaranty Bank And Trust Co and Cedar Rapids Bank And Trust Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lagrange Chad E -- None Available
Lagrange Chad E $375,000 None Available
Guaranty Bank And Trust Co $676,508 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lagrange Chad E $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold $375,000 0.0% $60 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
11/26/2018 11/26/18 Price Changed $375,000 -10.7% $60 / Sq Ft
11/09/2018 11/09/18 Price Changed $419,900 -4.6% $67 / Sq Ft
10/05/2018 10/05/18 For Sale $440,000 -- $70 / 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
2025 $19,256 $920,100 $81,700 $838,400
2024 $14,840 $1,043,100 $81,700 $961,400
2023 $14,840 $1,043,100 $81,700 $961,400
2022 $13,346 $681,000 $81,700 $599,300
2021 $11,804 $643,400 $81,700 $561,700
2020 $11,804 $518,800 $81,700 $437,100
2019 $14,736 $0 $0 $0
2018 $14,736 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1807051

Cedar Rapids Area Association of REALTORS®

APN: 10192-53008-00000

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