NOT LISTED FOR SALE

702 Olive Dr NW Cedar Rapids, IA 52405

Cherry Hill Park Neighborhood

Estimated Value: $208,685 - $223,000

4 Beds
1.5 Baths
1,465 Sq Ft
$146/Sq Ft Est. Value

Last Sold March 08, 2012

Last sale price $85,000 $58 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,444/month

151 Days on Market

Highlights

  • Deck
  • 1 Car Detached Garage
  • Forced Air Cooling System
  • Recreation Room
  • Eat-In Kitchen

About This Home

As of March 2012

This home is located at 702 Olive Dr NW, Cedar Rapids, IA 52405 since 25 August 2011 and is currently estimated at $214,421, approximately $146 per square foot. This property was built in 1976. 702 Olive Dr NW is a home located in Linn County with nearby schools including Truman Elementary School, Taft Middle School, and Thomas Jefferson High School.

Last Listed By

Christina Axvig

COLDWELL BANKER HEDGES Listed on: 08/25/2011

COLDWELL BANKER HEDGES

Home Details

Home Type

  • Single Family

Year Built

  • 1976

Parking

  • 1 Car Detached Garage

Home Design

  • Split Foyer
  • Poured Concrete
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • Free Standing Fireplace
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • Primary bedroom located on second floor

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Lot Dimensions are 60 x 125

Listing and Financial Details

  • Short Sale

Home Details

Home Type

Single Family

Year Built

1976

Lot Details

0

Listing Details

  • Style: Split Foyer
  • Above Grade Finished Sq Ft: 1051
  • Total Bathrooms: 1.10
  • Lower Level Bedroom: 1
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen
  • Gross Tax: 2364
  • List User Cell Phone: 319-721-8351
  • Low Lvl Fin Sq Ft: 414
  • Miscellaneous: Cable Ready, Deck
  • Net Tax: 2364
  • Other: Short Sale
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.85085
  • Ratio Close Price By Original Li: 0.85085
  • Ratio Current Price By Sq Ft: 80.88
  • Total Sq Ft: 1465
  • Taxable Value Tv: 128871.00
  • Tax Roll Number: 132435505200000
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1976

Interior Features

  • Appliances Included: Water Heater – Gas
  • Additional Room: Rec Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms Level 2: 3
  • Fireplace Features: Free Standing
  • Level 2 Full Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom Level: Level 2
  • Room Count: 5

Exterior Features

  • Construction Methods: Frame
  • Exterior: Aluminum, Steel

Garage/Parking

  • Garage/Parking: 1 Car, Detached
  • Garage Size: 352

Utilities

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

Schools

  • Elementary School: Truman
  • Middle School: Taft
  • High School: Jefferson

Lot Info

  • Lot Size: 60 X 125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2016
Sold by
Hornett Properties
Bought by
Palumbo Lisa
Total Days on Market
151
Current Estimated Value
$214,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,980
Outstanding Balance
$90,312
Interest Rate
3.43%
Estimated Equity
$124,891

Purchase Details

Closed on
Jun 5, 2015
Sold by
Hornett Justin W and Hornett Amy J
Bought by
Hornett Properties Llc

Purchase Details

Listed on
Aug 25, 2011
Closed on
Feb 23, 2012
Sold by
Falco Andrew F
Bought by
Homett Justin W and Homett Amy J
Seller's Agent
Christina Axvig
COLDWELL BANKER HEDGES
Buyer's Agent
Christina Axvig
COLDWELL BANKER HEDGES
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$93,600
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 25, 2008
Sold by
Midlang Brian M
Bought by
Falco Andrew F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,086
Interest Rate
5.88%
Mortgage Type
FHA

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Cedar Rapids, IA

  • 1112 Woodlark Ln NW, Cedar Rapids, IA 52405

    $204,900

    • 3 Beds
    • 2 Baths
    • 1,040 Sq Ft
    • 1112 Woodlark Ln NW
    • Cedar Rapids, IA

    This three bedroom, two bath home is ready for a new family! The home features custom cabinets with pull outs, original hardwood flooring, fenced in backyard, insulated two stall garage, appliances included along with an additional freezer in basement, chicken coop, and more! Don't delay call today!! * *Realtors all associated documents are available on showing time.

    Angie Andersen Berkshire Hathaway Home Services One Realty Centre

    Section Image
  • 4418 1st Ave NW, Cedar Rapids, IA 52405

    $175,000

    • 2 Beds
    • 2 Baths
    • 1,252 Sq Ft
    • 4418 1st Ave NW
    • Cedar Rapids, IA

    **Accepted Offer** Come check it out! So many features you will not find with other condos in this price range! You are greeted with Vaulted ceilings in the great room with extra large windows and transoms above. Large windows bringing lots of light throughout the condo and deluxe custom blinds. The main living area, kitchen, dining areas and hall feature 3/4" thick Brazilian Cherry Hardwood

    Tamra Garman Pinnacle Realty

    Section Image
  • 1238 Ellis Blvd NW, Cedar Rapids, IA 52405

    $169,900

    • 4 Beds
    • 2 Baths
    • 1,798 Sq Ft
    • 1238 Ellis Blvd NW
    • Cedar Rapids, IA

    This charming two-story home boasts a fantastic location and has many recent updates. With ample space for entertaining, you can enjoy your gatherings in the spacious main floor living room and the back entertainment room. The home features two bedrooms on the main floor and two additional bedrooms on the upper floor. There is a full bathroom on each level for added convenience. Recent upgrades

    Matthew Lepic LEPIC-KROEGER CORRIDOR, REALTORS

    Section Image
  • 1501 26th St SE, Cedar Rapids, IA 52403

    $207,000

    • 3 Beds
    • 1.5 Baths
    • 1,427 Sq Ft
    • 1501 26th St SE
    • Cedar Rapids, IA

    Step into this bright and cheerful home, where an abundance of natural sunlight fills every corner, creating a warm and inviting atmosphere. From the moment you walk through the front door, you're welcomed by a spacious and well-lit living room that seamlessly connects to the dining area and kitchen—perfect for entertaining or everyday gatherings.The main floor features three generously sized

    Michelle David Pinnacle Realty LLC

    Section Image
  • 4240 Cottage Grove Pkwy SE, Cedar Rapids, IA 52403

    $257,500

    • 4 Beds
    • 2 Baths
    • 2,173 Sq Ft
    • 4240 Cottage Grove Pkwy SE
    • Cedar Rapids, IA

    4 bedroom 2 1/2 bath home in sought after neighborhood. Sac Fox trail head just steps away on the walking trail accross from the house with a city maintained park like area. Large living room as you enter the home with the dining and kitchen just around the corner. On the main level a beautiful fire place room with vaulted ceilings with 1/2 bath overlooking the large deck and private back yard.

    Steve Irwin Inspirational Realty and Renovation

    Section Image
  • 281 Jacolyn Dr NW, Cedar Rapids, IA 52405

    $195,000

    • 3 Beds
    • 2 Baths
    • 1,168 Sq Ft
    • 281 Jacolyn Dr NW
    • Cedar Rapids, IA

    This updated 3-bedroom, 2-bath ranch home is perfect for a starter home or investment property! It features a spacious master suite, a large laundry room, and an open layout that provides a comfortable living space. The oversized 2-car garage offers additional space, ideal for a workshop or extra storage, with a new shed outside for extra storage. Don’t miss out on this beautiful and

    Pacifique Mengi Pinnacle Realty LLC

    Section Image
  • 4965 Kesler Rd NW, Cedar Rapids, IA 52405

    $180,000

    • 2 Beds
    • 1 Bath
    • 1,421 Sq Ft
    • 4965 Kesler Rd NW
    • Cedar Rapids, IA

    This charming 2-bedroom, 1-bathroom raised ranch offers plenty of space inside and out! Situated on a spacious lot, this home boasts an expansive fenced-in backyard with a back patio—perfect for entertaining or relaxing. The main level features a bright living room, a kitchen/dining combo with a huge pantry in the hallway. It has side door garage access, with the two bedrooms including a huge

    Nicholas Gulick Keller Williams Legacy Group

    Section Image
  • 5801 E Ave NW, Cedar Rapids, IA 52405

    $249,500

    • 4 Beds
    • 1 Bath
    • 2,129 Sq Ft
    • 5801 E Ave NW
    • Cedar Rapids, IA

    Tucked away on .67 private acres, this well-loved 4-bedroom 2,129 sqft home has been cherished by the same owners for 36 years. Featuring both an attached 2-car garage and a detached 3-car heated garage with a finished upstairs storage area, there’s no shortage of space for vehicles, hobbies, or extra storage. The home and detached garage are topped with durable steel roofs, offering peace of

    Melissa Langhurst COLDWELL BANKER HEDGES CORRIDOR

    Section Image
  • 5621 Plainview Dr NW, Cedar Rapids, IA 52405

    $195,000

    • 3 Beds
    • 1 Bath
    • 1,501 Sq Ft
    • 5621 Plainview Dr NW
    • Cedar Rapids, IA

    Charming ranch near Cherry Hill Park! This 3-bedroom, 1-bath home offers easy one-level living with thoughtful updates throughout. The bright, functional kitchen flows into a cozy living area—perfect for everyday comfort. Enjoy newer flooring, updated lighting, and a neutral palette that’s ready for your personal touch. Outside, you’ll find a nicely sized yard and a one-car attached garage for

    Lisa Nolan RE/MAX CONCEPTS

    Section Image
See All Homes in Cedar Rapids

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
Palumbo Lisa -- --
Hornett Properties Llc -- None Available
Homett Justin W $85,000 None Available
Falco Andrew F $114,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palumbo Lisa $110,980
Closed Palumbo Lisa --
Previous Owner Hornett Justin W $98,000
Previous Owner Homett Justin W $93,600
Previous Owner Falco Andrew F $114,086
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2012 03/08/12 Sold $85,000 -14.9% $58 / Sq Ft
01/23/2012 01/23/12 Pending -- -- --
08/25/2011 08/25/11 For Sale $99,900 -- $68 / 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 $3,054 $183,800 $35,600 $148,200
2022 $2,974 $153,700 $32,700 $121,000
2021 $2,864 $152,500 $32,700 $119,800
2020 $2,864 $138,400 $29,700 $108,700
2019 $2,660 $131,900 $26,700 $105,200
2018 $2,582 $131,900 $26,700 $105,200
2017 $2,760 $126,700 $26,700 $100,000
2016 $2,744 $129,100 $26,700 $102,400
2015 $2,646 $124,334 $26,730 $97,604
2014 $2,646 $124,334 $26,730 $97,604
2013 $2,590 $124,334 $26,730 $97,604
Source: Public Records

Agents Affiliated with this Home

  • Christina Axvig

    Seller's Agent in 2012

    Christina Axvig

    COLDWELL BANKER HEDGES

    (319) 721-8351

    5 in this area

    141 Total Sales

    Christina Axvig
    Section Image

  • M

    Seller Co-Listing Agent in 2012

    Melissa Langhurst

    COLDWELL BANKER HEDGES CORRIDOR

    4 in this area

    102 Total Sales

    Melissa Langhurst
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1106114

Cedar Rapids Area Association of REALTORS®

APN: 13243-55052-00000

Iowa Linn County Cedar Rapids 52405 Cherry Hill Park

702 Olive Dr NW, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 702 Olive Dr NW, Cedar Rapids, IA 52405 since 25 August 2011 and is currently estimated at $214,421, approximately $146 per square foot. This property was built in 1976. 702 Olive Dr NW is a home located in Linn County with nearby schools including Truman Elementary School, Taft Middle School, and Thomas Jefferson High 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.

Nearby Homes