NOT LISTED FOR SALE

702 Olive Dr NW Cedar Rapids, IA 52405

Cherry Hill Park Neighborhood

Estimated Value: $217,000 - $235,000

3 Beds
1.5 Baths
1,506 Sq Ft
$149/Sq Ft Est. Value

Sale Details

Date Sold: June 13, 2025

Last sale price $226,500 $150 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,449 / mo

5 Days on Market

Highlights

  • Deck
  • No HOA
  • Tandem Parking
  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • Patio

About This Home

As of June 2025

This home has it all! Hurry to see this awesome 3 bedroom home located in a desirable NW area. Large bedrooms, updated bathrooms & kitchen with newer stainless steel appliances that stay! Amazing lower level rec room that is an entertainers dream & also includes a half bath, more storage & potential for 4th bedroom. The yard is awesome! Grow you own food, enjoy the private fenced patio or huge deck, or hang out in the 466sq ft tandem garage! This home is perfect for those that are upgrading or downsizing! Hurry! Won't last!!!

Last Agent to Sell the Property

Teri Graf

Teri Graf Real Estate Team Listed on: 05/14/2025

Co-Listed By

Jeff Nelson

Teri Graf Real Estate Team

Last Buyer's Agent

Tabatha Barnes

SKOGMAN REALTY

SKOGMAN REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,566

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 60x125
  • Fenced

Parking

  • 1 Car Garage
  • Tandem Parking
  • On-Street Parking

Home Design

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

Interior Spaces

  • Multi-Level Property
  • Combination Kitchen and Dining Room
  • Basement

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Deck
  • Patio
  • Shed

Schools

  • Maple Grove Elementary School
  • Taft Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 13243-55052-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,566

Year Built

Built in 1976

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • NAV29_Unit_1_Appliances: See Remarks
  • Co List Office Mls Id: CTGRE
  • Co List Office Phone: 319-981-1748
  • Co List Office Phone: 319-981-1748
  • MLS Status: Closed
  • Directions: Edgewood to E ave to Olive Dr
  • Above Grade Finished Sq Ft: 1051.0
  • Architectural Style: Split-Foyer
  • Reso Interior Features: Breakfast Bar, Eat-in Kitchen, Kitchen/Dining Combo, Main Level Primary
  • Unit Levels: Multi/Split
  • New Construction: No
  • Year Built: 1976
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Concrete
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 455.0

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Fence
  • Foundation Details: Poured
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Garage, On Street, See Remarks, Tandem

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Maple Grove
  • High School: Jefferson
  • Middle Or Junior School: Taft

Lot Info

  • Lot Dimensions: 60x125
  • ResoLotSizeUnits: Acres
  • Parcel Number: 13243-55052-00000

Tax Info

  • Tax Annual Amount: 3566.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2025
Closed on
Jun 10, 2025
Sold by
Pierce Lisa K and Pierce Darin E
Bought by
Eiler Bailey and Graveman Olivia
Seller's Agent
Teri Graf
Teri Graf Real Estate Team
Buyer's Agent
Tabatha Barnes
SKOGMAN REALTY
List Price
$229,950
Sold Price
$226,500
Premium/Discount to List
-$3,450
-1.5%
Views
16
Current Estimated Value
$225,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,478
Avg. Annual Appreciation
-0.74%
Original Mortgage
$192,525
Outstanding Balance
$192,026
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$32,996

Purchase Details

Listed on
May 14, 2025
Closed on
Apr 29, 2025
Sold by
Palumbo Lisa K and Pierce Lisa K
Bought by
Pierce Lisa K and Pierce Darin E
Seller's Agent
Teri Graf
Teri Graf Real Estate Team
Buyer's Agent
Tabatha Barnes
SKOGMAN REALTY
List Price
$229,950
Sold Price
$226,500
Premium/Discount to List
-$3,450
-1.5%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,525
Outstanding Balance
$192,026
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$32,996

Purchase Details

Closed on
Aug 25, 2016
Sold by
Hornett Properties
Bought by
Palumbo Lisa

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
Interest Rate
3.43%

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
Realty87
Buyer's Agent
Christina Axvig
Realty87
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
7.12%
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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Eiler Bailey $226,500 None Listed On Document
Eiler Bailey $226,500 None Listed On Document
Pierce Lisa K -- None Listed On Document
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 Eiler Bailey $192,525
Closed Eiler Bailey $192,525
Previous Owner Palumbo Lisa $110,980
Previous Owner Palumbo Lisa --
Previous Owner Homett Justin W $93,600
Previous Owner Falco Andrew F $114,086
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2025 06/13/25 Sold $226,500 -1.5% $150 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
05/14/2025 05/14/25 For Sale $229,950 +170.5% $153 / Sq Ft
03/08/2012 03/08/12 Sold $85,000 -14.9% $58 / Sq Ft View Prior Sale
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

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 $3,068 $196,900 $38,600 $158,300
2024 $3,054 $191,600 $38,600 $153,000
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

  • Teri Graf

    Seller's Agent in 2025

    Teri Graf

    Teri Graf Real Estate Team

    (319) 981-1748

    4 in this area

    41 Total Sales

    Teri Graf
    Section Image

  • J

    Seller Co-Listing Agent in 2025

    Jeff Nelson

    Teri Graf Real Estate Team

    (319) 343-5333

    5 in this area

    133 Total Sales

    Jeff Nelson
    Section Image
  • Tabatha Barnes

    Buyer's Agent in 2025

    Tabatha Barnes

    SKOGMAN REALTY

    (319) 551-2128

    20 in this area

    243 Total Sales

    Tabatha Barnes
    Section Image
  • Christina Axvig

    Seller's Agent in 2012

    Christina Axvig

    Realty87

    (319) 721-8351

    4 in this area

    140 Total Sales

    Christina Axvig
    Section Image

  • M

    Seller Co-Listing Agent in 2012

    Melissa Langhurst

    Realty87

    6 in this area

    103 Total Sales

    Melissa Langhurst
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2503526

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

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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