NOT LISTED FOR SALE

5506 Sharon Ln NW Cedar Rapids, IA 52405

Cherry Hill Park Neighborhood

Estimated Value: $189,000 - $198,000

3 Beds
2 Baths
1,306 Sq Ft
$148/Sq Ft Est. Value

Last Sold June 06, 2014

Last sale price $120,000 $92 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,240/month

7 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Forced Air Cooling System
  • Recreation Room
  • 2 Car Detached Garage
  • Living Room

About This Home

As of June 2014

EXTREMELY SHARP CEDAR HILLS 3 BEDROOM RANCH, LARGE 12X20 DECK OFF THE REAR AND AN 8X12 DECK AT THE FRONT. HOME HAS BEEN UPDATED WITH A KITCHEN, MAIN FLOOR BATH, NEW SHINGLES ON THE HOUSE AND GARAGE SHINGLES AND SIDING. GARAGE IS AN OVERSIZED 528 SQUARE FOOT TWO STALL. KITCHEN, UPDATED EAT-IN WITH A BUILT IN HUTCH AND A CUSTOM ARCHED DOORWAY OPENING TO THE LIVING ROOM. ALL APPLIANCES INCLUDED, WASHER AND DRYER BOTH UP AND DOWN (MAIN FLOOR LAUNDRY!!!). 4TH NON CONFORMING BR IN LOWER LEVEL. LOT IS IRREGULAR, FRONT AND REAR DIMENSIONS. NET TAXES REFLECT BOTH A HOMESTEAD AND MILITARY EXEMPTION.

Last Agent to Sell the Property

Dennis Wood

IOWA REALTY Listed on: 03/12/2014

Last Buyer's Agent

Michelle David

Pinnacle Realty LLC

Pinnacle Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,266

Year Built

  • 1959

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 62 x 122

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,266

Year Built

1959

Lot Details

0

Listing Details

  • Style: Ranch
  • Acres: 0.1700
  • Above Grade Finished Sq Ft: 910
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 2266
  • List User Cell Phone: 319-981-7644
  • Low Lvl Fin Sq Ft: 396
  • Miscellaneous: Deck, Home Warranty
  • Net Tax: 2080
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97166
  • Ratio Close Price By Original Li: 0.97166
  • Ratio Current Price By Sq Ft: 131.87
  • Total Sq Ft: 1306
  • Tax Roll Number: 132615503500000
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1959

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Living Room, Rec Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 3
  • Level 1 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Room Count: 5

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Detached
  • Garage Size: 528

Utilities

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

Schools

  • Elementary School: Truman
  • Middle School: Taft
  • High School: Jefferson

Lot Info

  • Lot Size: 62 X 122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2014
Closed on
Jun 3, 2014
Sold by
Snell Raymond D
Bought by
Eichmeyer Nicole
Seller's Agent
Dennis Wood
IOWA REALTY
Buyer's Agent
Michelle David
Pinnacle Realty LLC
List Price
$123,500
Sold Price
$120,000
Premium/Discount to List
-$3,500
-2.83%
Current Estimated Value
$193,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,533
Avg. Annual Appreciation
4.31%
Original Mortgage
$96,000
Outstanding Balance
$75,794
Interest Rate
5.25%
Mortgage Type
Closed End Mortgage
Estimated Equity
$117,739
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
Eichmeyer Nicole $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eichmeyer Nicole $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2014 06/06/14 Sold $120,000 -2.8% $92 / Sq Ft
03/19/2014 03/19/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $123,500 -- $95 / 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 $2,562 $177,300 $36,200 $141,100
2024 $2,708 $164,700 $31,700 $133,000
2023 $2,708 $155,200 $31,700 $123,500
2022 $2,514 $137,300 $27,200 $110,100
2021 $2,516 $130,300 $27,200 $103,100
2020 $2,516 $122,600 $24,100 $98,500
2019 $2,348 $117,500 $24,100 $93,400
2018 $2,462 $117,500 $24,100 $93,400
2017 $2,514 $115,400 $24,100 $91,300
2016 $2,414 $113,600 $24,100 $89,500
2015 $2,389 $115,623 $24,133 $91,490
2014 $2,204 $115,623 $24,133 $91,490
2013 $2,152 $115,623 $24,133 $91,490
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dennis Wood

    IOWA REALTY

  • Michelle David

    Buyer's Agent in 2014

    Michelle David

    Pinnacle Realty LLC

    (319) 533-0021

    5 in this area

    142 Total Sales

    Michelle David
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1401572

Cedar Rapids Area Association of REALTORS®

APN: 13261-55035-00000

Iowa Linn County Cedar Rapids 52405 Cherry Hill Park

5506 Sharon Ln NW, Cedar Rapids, IA

This home is located at 5506 Sharon Ln NW, Cedar Rapids, IA 52405 since 12 March 2014 and is currently estimated at $193,533, approximately $148 per square foot. This property was built in 1959. 5506 Sharon Ln NW is a home located in Linn County with nearby schools including Truman Elementary School, Taft Middle School, and Thomas Jefferson 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.
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