NOT LISTED FOR SALE

5794 Tower Terrace Rd Cedar Rapids, IA 52411

Estimated Value: $483,000 - $755,000

2.07 Acres
$302,731 Price per Acre
90,169 Sq Ft Lot

Last Sold August 01, 2012

Last sale price $35,000

Est. 1,690% increase in value since last sale

Current estimated payment $3,996/month

448 Days on Market

Highlights

  • Hilly Lot
  • John F. Kennedy High School Rated A-
  • Wooded Lot

About This Lot

As of August 2012

HARD TO FIND IN TOWN WOODED BUILDING LOT 2.07 ACRES M/L WITH COMMUNITY WELL NOT HOOKED UP($2000 APPROX. HOOK UP FEE) AND OTHER UTILITIES CLOSE TO PROPERTY. SEE ATTACHED COVENANTS FOR INFORMATION CONCERNING WELL HOOK UP AND $100 ANNUAL FEE. PROPERTY WILL REQUIRE A SEPTIC SYSTEM TO BE INSTALLED AT THE BUYER'S EXPENSE.

Last Agent to Sell the Property

Jeff Driscoll

Realty87 Listed on: 05/02/2011

Realty87

Last Buyer's Agent

Jeff Driscoll

Realty87 Listed on: 05/02/2011

Realty87

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $512

Lot Details

  • 2.07 Acre Lot
  • Hilly Lot
  • Wooded Lot

Utilities

  • Gas Available
  • Community Well

Property Details

Property Type

Land

Est. Annual Taxes

$512

Lot Details

0

Listing Details

  • Acres: 2.0700
  • City Name: Cedar Rapids
  • Current Zoning: RES
  • Gross Tax: 512
  • List User Cell Phone: 319-360-6439
  • Net Tax: 512
  • Property Sub Types: Residential Lot
  • Property Type: Land/Lot/Farm
  • Ratio Close Price By List Price: 0.77778
  • Ratio Close Price By Original Li: 0.53846
  • Tax Roll Number: 122447700200000
  • Water Sewer Roads: Community Well, Water Not Connected, Paved, Sewer Not Connected
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Site Description: Hilly, Wooded

Utilities

  • Utilities: Electric, Gas
  • Sewer: Not Connected, Septic

Condo/Co-op/Association

  • Association Fee: 100

Schools

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

Lot Info

  • Lot Size: 2.07 ACRE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2011
Closed on
Jul 30, 2012
Sold by
Kratz Lee C and Kratz Ronda M
Bought by
Nieland Irvine Ii Thomas Eugene and Nieland Irvine Diane Carol
Seller's Agent
Jeff Driscoll
Realty87
Buyer's Agent
Jeff Driscoll
Realty87
List Price
$65,000
Sold Price
$35,000
Premium/Discount to List
-$30,000
-46.15%
Current Estimated Value
$626,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,654
Avg. Annual Appreciation
24.96%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nieland Irvine Ii Thomas Eugene $35,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Irvine Thomas Eugene $484,000
Closed Irvine Thomas Eugene $484,350
Closed Irvine Ii Thomas Eugene $417,000
Closed Irvine Ii Thomas Eugene $127,045
Closed Irvine Ii Thomas E $544,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2012 08/01/12 Sold $35,000 -46.2% --
07/23/2012 07/23/12 Pending -- -- --
05/02/2011 05/02/11 For Sale $65,000 -- --
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 $6,416 $623,800 $84,000 $539,800
2022 $6,338 $462,800 $84,000 $378,800
2021 $7,000 $462,800 $84,000 $378,800
2020 $7,000 $472,100 $63,500 $408,600
2019 $6,562 $452,300 $63,500 $388,800
2018 $6,422 $452,300 $63,500 $388,800
2017 $6,502 $438,700 $63,500 $375,200
2016 $4,933 $334,300 $63,500 $270,800
2015 $646 $43,500 $43,500 $0
2014 $646 $43,500 $43,500 $0
2013 $634 $43,500 $43,500 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jeff Driscoll

    Realty87

    (319) 731-2035

    14 Total Sales

    Jeff Driscoll
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1103141

Cedar Rapids Area Association of REALTORS®

APN: 12244-77002-00000

Iowa Linn County Cedar Rapids 52411

5794 Tower Terrace Rd, Cedar Rapids, IA

This home is located at 5794 Tower Terrace Rd, Cedar Rapids, IA 52411 since 02 May 2011 and is currently estimated at $626,654. 5794 Tower Terrace Rd is a home located in Linn County with nearby schools including Hiawatha 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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