640 Magnolia Ln Unit 1 Marion, IA 52302
Estimated payment $1,269/month
Highlights
- Deck
- Great Room with Fireplace
- 1 Car Attached Garage
- Linn-Mar High School Rated A-
- Cul-De-Sac
- Breakfast Bar
About This Home
This 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $99,500 | None Available | |
| Warranty Deed | $98,500 | None Available | |
| Warranty Deed | $104,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $99,000 | Purchase Money Mortgage | |
| Previous Owner | $63,000 | Purchase Money Mortgage |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2504284
APN: 11361-03005-01048
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