$162,000
$12K PRICE DROP

651 40th St SE Cedar Rapids, IA 52403

Estimated payment $1,111/month

Total Views 2,382
4 Beds
1.5 Baths
1,350 Sq Ft
$120 Price per Sq Ft

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!!

Listing Agent

Chuck Webb

Keller Williams Legacy Group Listed on: 07/18/2025

Keller Williams Legacy Group

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,739

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Lot Size Acres: 0.175
  • NAV29_Unit_1_Appliances: Gas Water Heater, Range, Refrigerator, Range Hood
  • Co List Office Phone: 319-423-4139
  • MLS Status: Active
  • Directions: Mt Vernon Rd SE to 40th St SE to property
  • Above Grade Finished Sq Ft: 1350.0
  • Architectural Style: One and One Half Story
  • Carport Y N: Yes
  • Reso Interior Features: Kitchen/Dining Combo, Upper Level Primary
  • Unit Levels: One and One Half
  • New Construction: No
  • ResoRoomType: Living Room
  • Year Built: 1959
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Carport, See Remarks

Utilities

  • Utilities: Cable Connected
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Erskine
  • High School: Washington
  • Middle Or Junior School: McKinley

Lot Info

  • Lot Dimensions: 70 X 109
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142437603500000

Tax Info

  • Tax Annual Amount: 2739.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
Source: Cedar Rapids Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Legal Action Court Order $88,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $94,400 Adjustable Rate Mortgage/ARM
Closed $11,000 Adjustable Rate Mortgage/ARM
Closed $34,386 Credit Line Revolving
Closed $26,000 Credit Line Revolving
Closed $18,338 Credit Line Revolving
Source: Public Records

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2506336

Cedar Rapids Area Association of REALTORS®

APN: 14243-76035-00000