NOT LISTED FOR SALE

5501 Michael Dr NE Cedar Rapids, IA 52411

Estimated Value: $352,000 - $404,000

3 Beds
2 Baths
1,672 Sq Ft
$231/Sq Ft Est. Value

Last Sold June 30, 2017

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

Est. 40% increase in value since last sale

Current estimated payment $2,436/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

1.06 Acres

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

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
$385,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,033
Avg. Annual Appreciation
4.01%
Original Mortgage
$40,000
Outstanding Balance
$20,598
Interest Rate
3.19%
Mortgage Type
New Conventional
Estimated Equity
$365,335

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 List to Sale Price per Sq Ft
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

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
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shirley Jost

    IOWA REALTY

    (319) 310-8598

    37 Total Sales

    Shirley Jost
    Section Image

  • B

    Buyer's Agent in 2017

    Breiana Schoeneman

    Realty87

    (319) 389-0402

    34 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

Not Listed for Sale

Detached

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