NOT LISTED FOR SALE

7007 Wells Ln Cedar Rapids, IA 52411

Estimated Value: $543,000 - $787,000

4 Beds
3.5 Baths
3,738 Sq Ft
$184/Sq Ft Est. Value

Last Sold March 16, 2015

Last sale price $500,000 $134 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,102/month

11 Days on Market

Highlights

  • Spa
  • 19 Acre Lot
  • Recreation Room
  • John F. Kennedy High School Rated A-
  • Deck
  • Great Room with Fireplace

About This Home

As of March 2015

What an opportunity! Twenty acres, more or less, close to everything! All the perks of living in the country with in town conveniences. Unique property with ample living space! Beautiful main floor family room, tons of light, open kitchen leading to a great room, offering an elegant fireplace with brick surround. Finished walk out lower level with a family room, exercise area and bath. All the bedrooms are huge, with an oversized master and a large master bath including a whirlpool tub and his/her closets. Property is the perfect set up for horse lovers with a 30x60 horse barn with 6 stalls, riding area and a pasture. Land is zoned agricultural, which helps with taxes and is beautiful. Whether you are looking to have horses, or just want some land to roam, you will not want to miss this opportunity! Sellers are providing buyers with a 13 month HWA warranty at closing. Don't miss this incredible home!

Last Agent to Sell the Property

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES Listed on: 01/16/2015

Last Buyer's Agent

Graf Home Selling Team

GRAF HOME SELLING TEAM & ASSOCIATES Listed on: 01/16/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,798

Year Built

  • 1996

Lot Details

  • 19 Acre Lot
  • Electric Fence
  • Irrigation

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Water Softener is Owned
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,798

Year Built

1996

Lot Details

0

Listing Details

  • Style: 2 Stories
  • Acres: 19.0000
  • Above Grade Finished Sq Ft: 3138
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.10
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Eat-In Kitchen, Formal Dining
  • Gross Tax: 4798
  • List User Cell Phone: 319-981-3702
  • Low Lvl Fin Sq Ft: 600
  • Miscellaneous: Cable Ready, Deck, Electric Fence, Fencing, Home Warranty, Hot Tub, Irrigation System, Patio, Security System
  • Net Tax: 4778
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.04178
  • Ratio Close Price By Original Li: 1.04178
  • Ratio Current Price By Sq Ft: 159.34
  • Total Sq Ft: 3738
  • Tax Roll Number: 123622600100000
  • Water Sewer Roads: Septic System, Well Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1996

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas, Water Softener - Own
  • Additional Room: 1st Floor Family, 1st Floor Laundry, Great Room, Rec Room
  • Basement: Full, Pour, Walkout
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms Level 2: 4
  • Fireplace Features: Built In, Family Room, Great Room, Wood Burning
  • Level 2 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 2

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Brick, Vinyl

Garage/Parking

  • Garage/Parking: 3 Cars, Attached

Utilities

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

Schools

  • Elementary School: Viola Gibson
  • Middle School: Harding
  • High School: Kennedy

Lot Info

  • Lot Size: 19 ACRES

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2015
Closed on
Mar 11, 2015
Sold by
Konchar Jon and Konchar Sharon E
Bought by
Wilson Tyler J and Wilson Katherine A
Seller's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Graf Home Selling Team
GRAF HOME SELLING TEAM & ASSOCIATES
List Price
$479,950
Sold Price
$500,000
Premium/Discount to List
$20,050
4.18%
Current Estimated Value
$687,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,766
Avg. Annual Appreciation
3.07%
Original Mortgage
$400,000
Outstanding Balance
$306,247
Interest Rate
3.67%
Mortgage Type
New Conventional
Estimated Equity
$381,519
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 Buyer Sale Price Title Company
Wilson Tyler J $500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Tyler J $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2015 03/16/15 Sold $500,000 +4.2% $134 / Sq Ft
01/27/2015 01/27/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $479,950 -- $128 / 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 $5,464 $577,400 $30,800 $546,600
2024 $5,236 $517,100 $25,700 $491,400
2023 $5,236 $451,000 $25,700 $425,300
2022 $5,132 $357,600 $18,900 $338,700
2021 $5,824 $356,600 $18,900 $337,700
2020 $5,824 $379,500 $19,600 $359,900
2019 $5,022 $379,500 $19,600 $359,900
2018 $4,908 $349,700 $27,000 $322,700
2017 $4,808 $334,100 $30,100 $304,000
2016 $4,836 $334,100 $30,100 $304,000
2015 $4,897 $337,800 $31,700 $306,100
2014 $4,874 $337,800 $31,700 $306,100
2013 $4,778 $337,800 $31,700 $306,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1500453

Cedar Rapids Area Association of REALTORS®

APN: 12362-26001-00000