NOT LISTED FOR SALE

5791 Michael Dr NE Cedar Rapids, IA 52411

Estimated Value: $240,000 - $321,265

2 Beds
1.5 Baths
1,486 Sq Ft
$196/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $235,000 $158 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,898/month

6 Days on Market

Highlights

  • Great Room with Fireplace
  • 2 Car Attached Garage
  • Patio
  • John F. Kennedy High School Rated A-
  • Forced Air Cooling System
  • Water Softener is Owned

About This Home

As of December 2023

Rare opportunity to own this 2 bedroom, 1.5 bath energy efficient passive solar 2 story home located conveniently on the NE side of town not far from HWY100 and situated on 1.12 acres. The great room is impressive as the wall of windows bring in a lot of natural light and overlooks an environment friendly prairie filled with over 50 varieties of flowers and 5 varieties of grasses to support birds, bees, butterflies, rabbits, deer, etc. The massive floor to ceiling fireplace is also another impressive focal point. Convenient main floor laundry, half bath, oak kitchen with breakfast bar, and open dining area in great room complete the first floor. Two bedrooms above with full bath compliment the 2nd floor. This home was well thought out by the seller and is very unique in providing the following: foundation is insulated underneath and outside with foam insulation, the walls of the house are almost a foot thick including a vapor barrier and 7 inches of fiberglass insulation, Class 4 high impact shingles, the NW side of the house offers a natural windbreak, there is an air-to-earth ventilation system that brings in 50 degree fresh air, even on the coldest or hottest days, and there are three whole house heating systems. PASSIVE SOLAR with 200 square feet of special solar glass faces directly south. Winter sun shines in on the great room dark quarry tile floor with 12 inches of concrete under it to absorb the heat and release it after the sun has gone down. The heat rises into the bedrooms. A sunscreen shades the widows in the summer. There is also a large 200,000 BTU FIREPLACE with twin blowers and 12 inch ducts surround the exterior of the great room. It has a gas starter and is fed with outside air. It can accommodate 24 inch logs. Lastly, there is CONVENTIONAL HVAC system - Gas Heat and A/C. Gas bills are typically less than $100/month. This property was featured in the 2016 Iowa State Master Gardener Garden Walk and is a pleasure to show.

Last Agent to Sell the Property

Brook Adkins

Realty87 Listed on: 11/30/2023

Realty87

Last Buyer's Agent

Brook Adkins

Realty87 Listed on: 11/30/2023

Realty87

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,598

Year Built

  • 1983

Lot Details

  • 1.12 Acre Lot
  • Level Lot

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1,486 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Great Room with Fireplace
  • Combination Kitchen and Dining Room
  • Partial Basement

Kitchen

  • Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Community Well
  • Gas Water Heater
  • Water Softener is Owned
  • Septic System
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,598

Year Built

1983

Lot Details

0

Listing Details

  • Style: 2 Stories
  • Acres: 1.1200
  • Above Grade Finished Sq Ft: 1486
  • Total Bathrooms: 1.10
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 4598
  • List User Cell Phone: 319-651-5702
  • Miscellaneous: Cable Ready, Patio
  • Net Tax: 4411
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.94019
  • Ratio Close Price By Original Li: 0.94019
  • Ratio Current Price By Sq Ft: 158.14
  • Total Sq Ft: 1486
  • Water Sewer Roads: Community Well, Public Street Maint., Septic System, Paved
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1983

Interior Features

  • Appliances Included: Disposal, Dryer, Garage Door Opener, Range, Refrigerator, Washer, Water Heater – Gas, Water Softener - Own
  • Additional Room: 1st Floor Laundry, Great Room
  • Basement: Partial, Pour
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms Level 2: 2
  • Fireplace Features: Great Room, Wood Burning
  • Level 2 Full Bathrooms: 1
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Site Description: In-Town Acrg, Level

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Garage/Parking: 2 Cars, Attached
  • Garage Size: 552

Utilities

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

Schools

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

Lot Info

  • Lot Size: IRR

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Dec 26, 2023
Sold by
David E Mahlke Revocable Trust and Mahlke David E
Bought by
Burgoon Jason
Seller's Agent
Brook Adkins
Realty87
Buyer's Agent
Brook Adkins
Realty87
List Price
$249,950
Sold Price
$235,000
Premium/Discount to List
-$14,950
-5.98%
Views
149
Current Estimated Value
$291,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,316
Avg. Annual Appreciation
12.98%
Original Mortgage
$223,250
Outstanding Balance
$214,630
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$76,686

Purchase Details

Closed on
Aug 15, 2019
Sold by
Mahlke David E
Bought by
Mahlke David E and The David E Mahlke Revocable Trust
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
Burgoon Jason $235,000 River Ridge Escrow
Mahlke David E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burgoon Jason $223,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $235,000 -6.0% $158 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
11/30/2023 11/30/23 For Sale $249,950 -- $168 / 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 $4,240 $262,500 $75,900 $186,600
2024 $4,324 $266,100 $75,900 $190,200
2023 $4,324 $257,100 $75,900 $181,200
2022 $4,246 $213,900 $60,700 $153,200
2021 $3,928 $213,900 $60,700 $153,200
2020 $3,928 $186,600 $50,600 $136,000
2019 $3,782 $184,000 $50,600 $133,400
2018 $3,674 $184,000 $50,600 $133,400
2017 $3,773 $183,400 $50,600 $132,800
2016 $3,773 $177,500 $50,600 $126,900
2015 $3,815 $179,252 $50,600 $128,652
2014 $3,630 $179,252 $50,600 $128,652
2013 $3,546 $179,252 $50,600 $128,652
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2307632

Cedar Rapids Area Association of REALTORS®

APN: 12361-77008-00000