$85,000
SOLD MAR 8, 2012
4 Beds
1.5 Baths
1,465 Sq Ft
1976 Built

Recently Sold

$58 Per Sq Ft

15% Below List Price

151 Days on Market

Highlights

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

About This Home

As of June 2025

This home is located at 702 Olive Dr NW, Cedar Rapids, IA 52405 and is currently priced at $85,000, approximately $58 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 Agent to Sell the Property

Christina Axvig

Realty87 Listed on: 08/25/2011

Realty87

Co-Listed By

Melissa Langhurst

Realty87

Last Buyer's Agent

Christina Axvig

Realty87 Listed on: 08/25/2011

Realty87

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

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.40%
Original Mortgage
$192,525
Outstanding Balance
$192,525
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$34,074

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
$192,525
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$34,074

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
7.60%
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

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Range of Values:

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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 $226,500 None Listed On Document
Warranty Deed $226,500 None Listed On Document
Warranty Deed -- None Listed On Document
Deed -- --
Interfamily Deed Transfer -- None Available
Warranty Deed $85,000 None Available
Warranty Deed $114,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $192,525 New Conventional
Closed $192,525 New Conventional
Previous Owner $110,980 No Value Available
Previous Owner -- No Value Available
Previous Owner $98,000 New Conventional
Previous Owner $93,600 Future Advance Clause Open End Mortgage
Previous Owner $114,086 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1106114

Cedar Rapids Area Association of REALTORS®

APN: 13243-55052-00000