NOT LISTED FOR SALE

5509 River Pkwy NE Cedar Rapids, IA 52411

Estimated Value: $984,000 - $1,181,520

5 Beds
4.5 Baths
5,371 Sq Ft
$200/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $1,040,000 $194 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,371/month

36 Days on Market

Highlights

  • Spa
  • Deck
  • Wooded Lot
  • John F. Kennedy High School Rated A-
  • Recreation Room with Fireplace
  • Ranch Style House

About This Home

As of September 2022

This STUNNING, custom built ranch has it all! Located on 1.22 wooded acres in desired family-friendly Usher’s Ridge neighborhood, this home is loaded with amenities; volume ceilings, wood flooring, 3 gas fireplaces, central vac, security system, irrigation, surround sound and more! This unique and functional split bedroom floorplan boasts a gourmet kitchen featuring custom cabinetry, quartz countertops, coffee bar, farm sink, oversized pantry & an eat-in dining nook with access to the 3 seasons porch! 3 seasons porch features eze breeze windows, stone fireplace & a composite deck with beautiful wooded views. Family room with tray ceiling and custom stone fireplace. 4 stall heated garage complete with floor drains leads to a massive drop zone/mudroom. Mudroom has tons of storage, lockers, washer/dryer and a large island perfect for kids to get their homework done! Convenient main level ½ bath. Office with built in desk. Large main floor primary bathroom with tray ceiling, private bath featuring custom dual vanity, oversized tile steam shower & access to the huge walk-in closet. Main level has 2 additional bedrooms connected by a Jack & Jill bath. Walkout lower level is an entertainer’s dream: rec area complete with gas fireplace, wet bar, workout room, game room & 2 beds/2 full baths. A few steps down to the impressive indoor/outdoor Hawkeye sport court! Oversized paver patio features a hot tub & fire pit. Great location off Seminole Valley, close to Xavier High School. Radon, Pest & Whole House Inspection have been done. Don’t miss this truly incredible property!

Last Agent to Sell the Property

Jenny Skogman

SKOGMAN REALTY Listed on: 06/30/2022

SKOGMAN REALTY

Last Buyer's Agent

Jenny Skogman

SKOGMAN REALTY Listed on: 06/30/2022

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,286

Year Built

  • 2015

Lot Details

  • 1.22 Acre Lot
  • Electric Fence
  • Irrigation
  • Wooded Lot

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • Central Vacuum
  • Sound System
  • Gas Fireplace
  • Great Room with Fireplace
  • Family Room
  • Combination Kitchen and Dining Room
  • Den
  • Recreation Room with Fireplace
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 4 Car Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,286

Year Built

2015

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Style: Ranch
  • Acres: 1.2200
  • Above Grade Finished Sq Ft: 2941
  • Association Fee Frequency: Year
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 4.10
  • Lower Level Bedroom: 2
  • Total Bedrooms: 5
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Eat-In Kitchen, Kitchen/Dining Combo
  • Gross Tax: 18286
  • List User Cell Phone: 319-440-1090
  • Low Lvl Fin Sq Ft: 2430
  • Miscellaneous: 3 Seasons, Cable Ready, Deck, Electric Fence, Hot Tub, Irrigation System, Patio, Security System, Sound System
  • Net Tax: 18097
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.91630
  • Ratio Close Price By Original Li: 0.87029
  • Ratio Current Price By Sq Ft: 353.62
  • Total Sq Ft: 5371
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2015

Interior Features

  • Appliances Included: Central Vac, Dishwasher, Disposal, Dryer, Garage Door Opener, Hood Fan, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Family, 3 Seasons, Den/Study, Rec Room
  • Basement: Full, Walkout
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bedrooms Level 1: 3
  • Fireplace Features: Built In, Gas, Great Room, Rec Room
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Site Description: Walk Out, Wooded

Exterior Features

  • Construction Methods: Frame
  • Exterior: Stone, Vinyl

Garage/Parking

  • Garage/Parking: 4 Or More Cars, Heated Garage

Utilities

  • Heating Cooling: Central Air, Garage Heater/Furnace, Gas Heat, Zoned Heating/Cooling

Condo/Co-op/Association

  • Association Fee: 150
  • Association: Yes

Schools

  • Elementary School: Jackson
  • Middle School: Taft
  • High School: Kennedy

Lot Info

  • Lot Size: irregular

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Aug 25, 2022
Sold by
Kari J Cooling Revocable Trust
Bought by
King Jason and Knudsen Stephanie
Seller's Agent
Jenny Skogman
SKOGMAN REALTY
Buyer's Agent
Jenny Skogman
SKOGMAN REALTY
List Price
$1,195,000
Sold Price
$1,040,000
Premium/Discount to List
-$155,000
-12.97%
Current Estimated Value
$1,074,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,630
Avg. Annual Appreciation
3.07%
Original Mortgage
$184,800
Outstanding Balance
$162,388
Interest Rate
4.26%
Mortgage Type
New Conventional
Estimated Equity
$975,705

Purchase Details

Closed on
Aug 28, 2015
Sold by
Seminole Park Development Llc
Bought by
Cooling Kari J and Cooling Wesley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
3.97%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
King Jason $1,040,000 --
Cooling Kari J $97,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Jason $184,800
Open King Jason $647,200
Previous Owner Cooling Kari J $891,000
Previous Owner Cooling Kark J $985,000
Previous Owner Cooling Kari J $930,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $1,040,000 -8.4% $194 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/20/2022 07/20/22 Price Changed $1,135,000 -5.0% $211 / Sq Ft
06/30/2022 06/30/22 For Sale $1,195,000 -- $222 / 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
2023 $18,030 $980,000 $139,000 $841,000
2022 $17,706 $863,700 $124,400 $739,300
2021 $19,584 $863,700 $124,400 $739,300
2020 $19,584 $896,200 $125,400 $770,800
2019 $18,268 $856,000 $125,400 $730,600
2018 $17,758 $856,000 $125,400 $730,600
2017 $0 $257,000 $125,400 $131,600
2016 $0 $0 $0 $0
2015 -- $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: 2205690

Cedar Rapids Area Association of REALTORS®

APN: 13124-76028-00000