NOT LISTED FOR SALE

6627 Preston Terrace Ct SW Unit 6 Cedar Rapids, IA 52404

Lincolnway Village Neighborhood

Estimated Value: $81,000 - $120,000

2 Beds
1 Bath
972 Sq Ft
1978 Built

Last Sold December 06, 2013

Last sale price $41,250 $42 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $636/month

172 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • Combination Kitchen and Dining Room
  • Prairie Ridge Elementary School Rated A-
  • Forced Air Cooling System
  • Gas Fireplace

About This Home

As of December 2013

THIS FANNIE MAE HOMEPATH PROPERTY CAN BE PURCHASED FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR THE HOMEPATH MORTGAGE, AND HOMEPATH RENOVATIONS MORTGAGE.PLEASE VISIT WWW.HOMEPATH.COM FOR DETAILS. 1970'S CONDO WITH 2 BEDROOMS, 1 FULL BATHROOM, AND 972 ST FT. NICE DECK, NEEDS UPDATING, LOCATED A SHORT DISTANCE TO KIRKWOOD COMMUNITY COLLEGE. PROPERTY IS PRICED BELOW ASSESSED VALUE AND IS BEING SOLD AS IS.

Last Agent to Sell the Property

KATHY EIGHME

FUSION REALTORS Listed on: 05/13/2013

Last Buyer's Agent

Amanda Haugen

Realty87

Realty87

Property Details

Home Type

  • Condominium

Year Built

  • 1978

Home Design

  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 972 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Property Details

Home Type

Condominium

Year Built

1978

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 972
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 1174
  • List User Cell Phone: 319-231-6980
  • Miscellaneous: Deck
  • Net Tax: 1174
  • Other: Repo
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.91667
  • Ratio Close Price By Original Li: 0.64554
  • Ratio Current Price By Sq Ft: 42.44
  • Total Sq Ft: 972
  • Tax Roll Number: 191617700601008
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1978

Interior Features

  • Additional Room: Living Room
  • Full Bathrooms: 1
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Gas, Living Room
  • Level 1 Full Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Room Count: 4

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum

Utilities

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

Lot Info

  • Lot Size: COMMON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2013
Closed on
Dec 3, 2013
Sold by
Federal National Mortgage Association
Bought by
Ashbacker Steven W
Seller's Agent
KATHY EIGHME
FUSION REALTORS
Buyer's Agent
Amanda Haugen
Realty87
List Price
$63,900
Sold Price
$41,250
Premium/Discount to List
-$22,650
-35.45%
Current Estimated Value
$95,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,422
Avg. Annual Appreciation
7.24%

Purchase Details

Closed on
Mar 5, 2013
Sold by
Noel Terra L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 15, 2006
Sold by
Smetana Gale K
Bought by
Noel Terra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
6.54%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 11, 2003
Sold by
Debow Delores A
Bought by
Smetana Gale K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,500
Interest Rate
6%

Purchase Details

Closed on
Jun 12, 1998
Sold by
Mellody Allan C and Olive Charles R
Bought by
Debow Delores A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,140
Interest Rate
7.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Ashbacker Steven W $41,250 Servicelink
Federal National Mortgage Association $63,003 None Available
Noel Terra L $72,000 None Available
Smetana Gale K $69,000 --
Debow Delores A $61,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Noel Terra L $58,000
Previous Owner Smetana Gale K $69,500
Previous Owner Debow Delores A $60,140
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2013 12/06/13 Sold $41,250 -35.4% $42 / Sq Ft
11/01/2013 11/01/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $63,900 -- $66 / 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
2025 $1,598 $90,700 $13,000 $77,700
2024 $1,592 $84,300 $13,000 $71,300
2023 $1,592 $84,300 $13,000 $71,300
2022 $1,562 $71,900 $10,000 $61,900
2021 $1,624 $71,900 $10,000 $61,900
2020 $1,624 $71,300 $10,000 $61,300
2019 $1,568 $69,900 $10,000 $59,900
2018 $1,490 $69,900 $10,000 $59,900
2017 $1,532 $68,100 $4,500 $63,600
2016 $1,474 $68,100 $4,500 $63,600
2015 $1,539 $70,483 $4,500 $65,983
2014 $1,516 $67,614 $4,500 $63,114
2013 $1,434 $67,614 $4,500 $63,114
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    KATHY EIGHME

    FUSION REALTORS

    Section Image
  • Amanda Haugen

    Buyer's Agent in 2013

    Amanda Haugen

    Realty87

    4 in this area

    111 Total Sales

    Amanda Haugen
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1303420

Cedar Rapids Area Association of REALTORS®

APN: 19161-77006-01008

Iowa Linn County Cedar Rapids 52404 Lincolnway Village

6627 Preston Terrace Ct SW Unit 6, Cedar Rapids, IA

Not Listed for Sale

Condos

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