Seller's Agent in 2025
Marian Flink
SKOGMAN REALTY
(319) 350-3992
74 in this area
230 Total Sales
640 Magnolia Ln Unit 1 Marion, IA 52302
2
Beds
1.5
Baths
1,288
Sq Ft
$250/mo
HOA Fee
Highlights
- Deck
- Great Room with Fireplace
- 1 Car Attached Garage
- Linn-Mar High School Rated A-
- Cul-De-Sac
- Breakfast Bar
About This Home
As of October 2025This charming end unit townhome offers a wonderful living space, perfectly situated near the Linn-Mar School District campus, Uptown Marion & MOVE-IN READY! With two bedrooms and one and a half baths, it’s ideal for anyone looking for affordable comfort and convenience. Upon entering, you'll find a bright and inviting great room with a cozy corner gas fireplace and a sliding door that leads to a private deck, perfect for relaxing outdoors. The kitchen, with its practical tile flooring and breakfast bar, with stools, seamlessly connects to the great room, making it easy to entertain. Additionally, the main floor laundry features tile flooring and the washer/dryer remain. Two nice size bedrooms are located on the upper level. The primary bedroom boasts vaulted ceilings and plenty of closet space & access to a full bath. The lower finished family room, complete with a bar area also serves as a great spot for entertaining guests. Plus, pets are welcome, making this home a fantastic choice for pet lovers.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,884
Year Built
- Built in 2003
HOA Fees
- $250 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Garage Door Opener
Home Design
- Frame Construction
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Gas Fireplace
- Great Room with Fireplace
- Family Room
- Combination Kitchen and Dining Room
- Basement Fills Entire Space Under The House
Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Schools
- Novak Elementary School
- Excelsior Middle School
- Linn Mar High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Additional Features
- Deck
- Cul-De-Sac
Listing and Financial Details
- Assessor Parcel Number 11361-03005-01048
Community Details
Pet Policy
- Limit on the number of pets
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2025
Closed on
Sep 24, 2025
Sold by
Bowen David
Bought by
Pearson Dustin J
Seller's Agent
Marian Flink
SKOGMAN REALTY
Buyer's Agent
Tyler Donahue
Realty87
List Price
$148,500
Sold Price
$145,000
Premium/Discount to List
-$3,500
-2.36%
Views
72
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.62%
Original Mortgage
$29,000
Outstanding Balance
$29,000
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$118,894
Purchase Details
Closed on
Jul 25, 2007
Sold by
Albers Lonnie L and Albers Jean A
Bought by
Bowen Scott David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 2, 2006
Sold by
Gates Susan S and Gates Gretchen Seitz
Bought by
Albers Lonnie L and Albers Jean A
Purchase Details
Closed on
Sep 18, 2003
Sold by
J D & D Lc
Bought by
Seitz Gates Susan S and Seitz Gates Gretchen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $145,000 | None Listed On Document | |
| Warranty Deed | $99,500 | None Available | |
| Warranty Deed | $98,500 | None Available | |
| Warranty Deed | $104,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $29,000 | New Conventional | |
| Open | $116,000 | New Conventional | |
| Previous Owner | $99,000 | Purchase Money Mortgage | |
| Previous Owner | $63,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/10/2025 10/10/25 | Sold | $145,000 | -1.7% | $113 / Sq Ft |
| 09/15/2025 09/15/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | Price Changed | $147,500 | -0.7% | $115 / Sq Ft |
| 06/20/2025 06/20/25 | For Sale | $148,500 | -- | $115 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History Compared to Growth
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 | $2,810 | $160,400 | $13,500 | $146,900 |
| 2024 | $2,586 | $149,400 | $13,500 | $135,900 |
| 2023 | $2,586 | $149,400 | $13,500 | $135,900 |
| 2022 | $2,464 | $116,500 | $13,500 | $103,000 |
| 2021 | $2,584 | $116,500 | $13,500 | $103,000 |
| 2020 | $2,584 | $114,700 | $13,500 | $101,200 |
| 2019 | $2,380 | $105,500 | $13,500 | $92,000 |
| 2018 | $2,288 | $105,500 | $13,500 | $92,000 |
| 2017 | $2,288 | $103,000 | $13,500 | $89,500 |
| 2016 | $2,222 | $103,000 | $13,500 | $89,500 |
| 2015 | $2,214 | $103,000 | $13,500 | $89,500 |
| 2014 | $2,214 | $103,000 | $13,500 | $89,500 |
| 2013 | $2,116 | $103,000 | $13,500 | $89,500 |
Source: Public Records
Agents Affiliated with this Home
-
Marian Flink
-
Tyler Donahue
Buyer's Agent in 2025
Tyler Donahue
Realty87
(319) 270-1751
16 in this area
94 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2504284
APN: 11361-03005-01048
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.
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Information is deemed reliable but not guaranteed.
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