$48,000
SOLD MAR 16, 2023

6627 Preston Terrace Ct SW Unit 2 Cedar Rapids, IA 52404

Lincolnway Village Neighborhood
2 Beds
1 Bath
972 Sq Ft
$182/mo HOA Fee

Recently Sold

$49 Per Sq Ft

13% Below List Price

4 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Detached Garage
  • Patio
  • Prairie Ridge Elementary School Rated A-
  • Forced Air Cooling System
  • Storage Shed

About This Home

As of October 2023

Investors welcome, this property can be rented. 1st floor unit with a private walkout patio, located in College Community and in close proximity to Kirkwood. This unit needs work and is being sold As-Is, list price reflects the work that is needed. Square footage is per assessor.

Last Agent to Sell the Property

Mike Selling Team

GRAF REAL ESTATE, ERA POWERED Listed on: 02/24/2023

Last Buyer's Agent

Mike Selling Team

GRAF REAL ESTATE, ERA POWERED Listed on: 02/24/2023

Property Details

Home Type

  • Condominium

Year Built

  • 1978

HOA Fees

  • $182 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 972 Sq Ft Home
  • Wood Burning Fireplace
  • Walk-Out Basement

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Outdoor Features

  • Patio
  • Storage Shed

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Year Built

1978

Lot Details

0

HOA Fees

$182 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 972
  • Association Fee Frequency: Month
  • Association Management: By Association, By Prop Mgmt.
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 1st Floor
  • Gross Tax: 1548
  • List User Cell Phone: 319-981-3702
  • Miscellaneous: Patio, Storage Shed
  • Net Tax: 1548
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.87352
  • Ratio Close Price By Original Li: 0.87352
  • Ratio Current Price By Sq Ft: 49.38
  • Total Sq Ft: 972
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1978

Interior Features

  • Appliances Included: Dishwasher, Dryer, Hood Fan, Range, Refrigerator, Washer, Water Heater – Gas
  • Basement: Walkout
  • Full Bathrooms: 1
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Wood Burning
  • Level 1 Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 1 Car, Detached, Off Street Parking
  • Garage Size: 1 Car

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Condo/Co-op/Association

  • Association Fee: 182
  • Association: Yes

Schools

  • Elementary School: College Comm
  • Middle School: College Comm
  • High School: College Comm

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: Pet Weight Limit, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 2, 2023
Sold by
Aj Real Estate Holdings Llc
Bought by
Mashek Robert
Seller's Agent
Mike Selling Team
GRAF REAL ESTATE, ERA POWERED
Buyer's Agent
Julie Gassmann
Pinnacle Realty LLC
List Price
$94,950
Sold Price
$94,950
Views
33
Current Estimated Value
$95,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315
Avg. Annual Appreciation
-2.14%
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 Type Sale Price Title Company
Warranty Deed $95,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $65,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Sold $94,950 0.0% $98 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $94,950 +97.8% $98 / Sq Ft
03/16/2023 03/16/23 Sold $48,000 -12.6% $49 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $54,950 -- $57 / Sq Ft
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 $1,578 $83,800 $13,000 $70,800
2022 $1,548 $71,200 $10,000 $61,200
2021 $1,608 $71,200 $10,000 $61,200
2020 $1,608 $70,600 $10,000 $60,600
2019 $1,548 $69,000 $10,000 $59,000
2018 $1,282 $69,000 $10,000 $59,000
2017 $1,459 $67,400 $4,500 $62,900
2016 $1,459 $67,400 $4,500 $62,900
2015 $1,501 $69,734 $4,500 $65,234
2014 $1,314 $66,898 $4,500 $62,398
2013 $1,186 $66,898 $4,500 $62,398
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mike Selling Team

    GRAF REAL ESTATE, ERA POWERED

    (319) 981-3702

    8 in this area

    610 Total Sales

    Section Image
  • Julie Gassmann

    Buyer's Agent in 2023

    Julie Gassmann

    Pinnacle Realty LLC

    (319) 651-6801

    2 in this area

    187 Total Sales

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2301170

Cedar Rapids Area Association of REALTORS®

APN: 19161-77006-01004

Iowa Linn County Cedar Rapids 52404 Lincolnway Village

6627 Preston Terrace Ct SW Unit 2, Cedar Rapids, IA

This home is located at 6627 Preston Terrace Ct SW Unit 2, Cedar Rapids, IA 52404 and is currently priced at $48,000, approximately $49 per square foot. This property was built in 1978. 6627 Preston Terrace Ct SW Unit 2 is a home located in Linn County with nearby schools including Prairie Heights Elementary School, Prairie Crest Elementary School, and Prairie View Elementary 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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