651 40th St SE Cedar Rapids, IA 52403
Estimated payment $1,074/month
Highlights
- Deck
- Forced Air Heating and Cooling System
- Combination Kitchen and Dining Room
- Living Room
About This Home
Build instant equity as 1st home, down-size, rental or flip!! Priced $21,000 BELOW assessed value! This charming 4-bedroom, 1.5-bath bungalow offers the perfect blend of classic charm and modern convenience. Featuring oak floors throughout, this home has been thoughtfully refreshed with a new roof, new siding, new central air, and a brand-new deck—perfect for relaxing or entertaining.
Enjoy a layout that combines cozy character with practical space, all within an easy walk to school and a major grocery store. Whether you're a first-time buyer or looking to downsize, this home is aggressively Priced to Sell!.
Don't miss your chance—schedule a showing today! Extra-tall carport will accommodate camper or new-build garage on existing slab. Approx $12,000 to add garage. Act now!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,739
Year Built
- Built in 1959
Lot Details
- 7,623 Sq Ft Lot
- Lot Dimensions are 70 x 109
Parking
- Carport
Home Design
- Frame Construction
- Vinyl Siding
Interior Spaces
- 1,350 Sq Ft Home
- 1.5-Story Property
- Living Room
- Combination Kitchen and Dining Room
- Basement Fills Entire Space Under The House
- Range with Range Hood
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
Outdoor Features
- Deck
Schools
- Erskine Elementary School
- Mckinley Middle School
- Washington High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 142437603500000
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 |
|---|---|---|---|---|
| 2025 | $2,554 | $183,200 | $37,600 | $145,600 |
| 2024 | $3,154 | $172,000 | $32,900 | $139,100 |
| 2023 | $3,154 | $161,800 | $32,900 | $128,900 |
| 2022 | $2,338 | $158,400 | $32,900 | $125,500 |
| 2021 | $2,418 | $121,800 | $28,200 | $93,600 |
| 2020 | $2,418 | $118,200 | $22,000 | $96,200 |
| 2019 | $2,172 | $109,300 | $22,000 | $87,300 |
| 2018 | $2,108 | $109,300 | $22,000 | $87,300 |
| 2017 | $2,159 | $109,400 | $22,000 | $87,400 |
| 2016 | $2,159 | $101,600 | $22,000 | $79,600 |
| 2015 | $2,383 | $112,005 | $21,951 | $90,054 |
| 2014 | $2,198 | $114,797 | $25,086 | $89,711 |
| 2013 | $2,204 | $114,797 | $25,086 | $89,711 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | Price Changed | $151,000 | -5.3% | $112 / Sq Ft |
| 09/16/2025 09/16/25 | Price Changed | $159,500 | -1.5% | $118 / Sq Ft |
| 08/20/2025 08/20/25 | Price Changed | $162,000 | -3.6% | $120 / Sq Ft |
| 08/04/2025 08/04/25 | Price Changed | $168,000 | -3.4% | $124 / Sq Ft |
| 07/18/2025 07/18/25 | For Sale | $174,000 | -- | $129 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Legal Action Court Order | $88,500 | -- |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2506336
APN: 14243-76035-00000
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