NOT LISTED FOR SALE

5501 Michael Dr NE Cedar Rapids, IA 52411

Estimated Value: $322,000 - $397,654

3 Beds
2 Baths
1,672 Sq Ft
$217/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $274,900 $164 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,368/month

16 Days on Market

Highlights

  • Deck
  • Vaulted Ceiling
  • Formal Dining Room
  • John F. Kennedy High School Rated A-
  • Ranch Style House
  • 4 Car Garage

About This Home

As of June 2017

Check out this beautiful in-town acreage. Set on 1.06 Acres on a Private Park-Like Setting is this Wonderful, Well Cared Home Near Viola Gibson Elementary. Great Floor Plan with Vaulted Ceilings and a Walk-Out Basement. Attached is a Heated Garage with a Workshop, and a 22 x 26 Storage Shed for Your Lawn & Gardening Equipment. There is a Private Well for Watering that Wonderful Garden Spot and Several Updates throughout including a Security System and a Pet Fence.

Last Agent to Sell the Property

Shirley Jost

IOWA REALTY Listed on: 04/18/2017

IOWA REALTY

Last Buyer's Agent

Breiana Schoeneman

Realty87

Realty87

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,310

Year Built

  • 1993

Lot Details

  • 1.06 Acre Lot
  • Cul-De-Sac

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 1,672 Sq Ft Home
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Car Garage
  • Heated Garage
  • Garage Door Opener
  • On-Street Parking

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,310

Year Built

1993

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 1.0600
  • Above Grade Finished Sq Ft: 1672
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Eat-In Kitchen, Formal Dining, Kitchen/Dining Combo
  • Gross Tax: 5310
  • List User Cell Phone: 319-310-8598
  • Miscellaneous: Cable Ready, Deck, Security System, Vaulted Ceiling
  • Net Tax: 5124
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Sq Ft: 164.41
  • Total Sq Ft: 1672
  • Water Sewer Roads: City Sewer, City Water, Well Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1993

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas, Water Softener - Own
  • Additional Room: 1st Floor Family, 1st Floor Laundry
  • Basement: Full, Walkout
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 3
  • Fireplace Features: Built In, Gas, Wood Burning, Living Room
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: Cul-De-Sac, In-Town Acrg

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Brick, Vinyl

Garage/Parking

  • Garage/Parking: 4 Or More Cars, Attached, Detached, Heated Garage, On Street Parking
  • Garage Size: 4 Car

Utilities

  • Heating Cooling: Central Air, Gas Heat

Schools

  • Elementary School: Viola Gibson
  • Middle School: Harding
  • High School: Kennedy

Lot Info

  • Lot Size: 1.06 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2017
Closed on
Jun 30, 2017
Sold by
Lage Cindy L
Bought by
Glidewell Stacy M and Glidewell Joseph E
Seller's Agent
Shirley Jost
IOWA REALTY
Buyer's Agent
Breiana Schoeneman
Realty87
List Price
$274,900
Sold Price
$274,900
Current Estimated Value
$362,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,264
Avg. Annual Appreciation
3.39%
Original Mortgage
$40,000
Outstanding Balance
$20,598
Interest Rate
3.19%
Mortgage Type
New Conventional
Estimated Equity
$341,566

Purchase Details

Closed on
Oct 13, 2014
Sold by
Lage James P and Lage Cindy L
Bought by
Lage Joint Revocable Trust

Purchase Details

Closed on
Nov 9, 2001
Sold by
Gatens Gregg S and Gatens Patricia K
Bought by
Lage James P and Lage Cindy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.69%
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
Glidewell Stacy M $275,000 None Available
Lage Joint Revocable Trust -- None Available
Lage James P $207,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glidewell Stacy M $40,000
Open Glidewell Stacy M $105,000
Previous Owner Lage James P $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2017 06/30/17 Sold $274,900 0.0% $164 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $274,900 -- $164 / 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 $5,374 $349,200 $75,500 $273,700
2024 $5,430 $351,800 $75,500 $276,300
2023 $5,430 $314,100 $75,500 $238,600
2022 $5,332 $266,300 $60,400 $205,900
2021 $5,410 $266,300 $60,400 $205,900
2020 $5,410 $253,800 $50,300 $203,500
2019 $5,200 $249,800 $50,300 $199,500
2018 $5,052 $249,800 $50,300 $199,500
2017 $5,175 $252,500 $50,300 $202,200
2016 $5,175 $243,500 $50,300 $193,200
2015 $5,063 $237,908 $50,300 $187,608
2014 $4,878 $237,908 $50,300 $187,608
2013 $4,768 $237,908 $50,300 $187,608
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shirley Jost

    IOWA REALTY

    (319) 310-8598

    40 Total Sales

    Shirley Jost
    Section Image

  • B

    Buyer's Agent in 2017

    Breiana Schoeneman

    Realty87

    (319) 389-0402

    36 Total Sales

    Breiana Schoeneman
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1703912

Cedar Rapids Area Association of REALTORS®

APN: 11312-54001-00000

Iowa Linn County Cedar Rapids 52411

5501 Michael Dr NE, Cedar Rapids, IA

This home is located at 5501 Michael Dr NE, Cedar Rapids, IA 52411 since 18 April 2017 and is currently estimated at $362,164, approximately $216 per square foot. This property was built in 1993. 5501 Michael Dr NE is a home located in Linn County with nearby schools including Viola Gibson Elementary School, Harding Middle School, and John F. Kennedy 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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