NOT LISTED FOR SALE

703 40th St SE Cedar Rapids, IA 52403

Estimated Value: $117,000 - $172,000

3 Beds
1.5 Baths
1,267 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: August 28, 2025

Last sale price $120,000 $95 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $997 / mo

2 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • 1 Car Attached Garage

About This Home

As of August 2025

Excellent opportunity to build some sweat equity in this charming three-bedroom home situated on a spacious corner lot. Boasting great curb appeal with brand-new siding and timeless hardwood floors, this property offers a solid foundation for your vision. Whether you’re an investor or a homeowner ready to make it your own, the possibilities are endless. Home is being sold as-is. Home is priced well under assessed value

Last Agent to Sell the Property

Pattie Fox

Realty87 Listed on: 08/08/2025

Realty87

Last Buyer's Agent

Mike Selling Team

GRAF REAL ESTATE, ERA POWERED

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 9,714 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,267 Sq Ft Home
  • 1.5-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Schools

  • Erskine Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 142437900100000

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

9,714 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Lot Size Acres: 0.223
  • NAV29_Unit_1_Appliances: Gas Water Heater, Range
  • Reso Pets Allowed: Yes
  • Co List Office Phone: 319-364-8121
  • MLS Status: Closed
  • Directions: On 40th St SE, CR
  • Above Grade Finished Sq Ft: 1267.0
  • Architectural Style: One and One Half Story
  • Reso Interior Features: Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built: 1956
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage

Utilities

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

Schools

  • Elementary School: Erskine
  • High School: Washington
  • Middle Or Junior School: McKinley

Lot Info

  • Lot Dimensions: Irregular
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142437900100000

Tax Info

  • Tax Annual Amount: 3130.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2025
Closed on
Aug 25, 2025
Sold by
Bought by
Seller's Agent
Pattie Fox
Realty87
Buyer's Agent
Mike Selling Team
GRAF REAL ESTATE, ERA POWERED
List Price
$140,000
Sold Price
$120,000
Premium/Discount to List
-$20,000
-14.29%
Views
12
Current Estimated Value
$143,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,286
Avg. Annual Appreciation
26.68%
Original Mortgage
$204,000
Outstanding Balance
$203,824
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
-$60,538

Purchase Details

Closed on
Oct 27, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,200
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 20, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
4.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 8, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.95%
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$120,000 None Listed On Document
-- None Available
$93,000 None Available
$85,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $204,000
Previous Owner $74,200
Previous Owner $83,700
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/28/2025 08/28/25 Sold $120,000 -14.3% $95 / Sq Ft
08/10/2025 08/10/25 Pending -- -- --
08/08/2025 08/08/25 For Sale $140,000 -- $110 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,696 $172,800 $39,300 $133,500
2024 $3,030 $161,600 $34,400 $127,200
2023 $3,030 $152,300 $34,400 $117,900
2022 $2,246 $143,700 $34,400 $109,300
2021 $2,224 $108,400 $29,500 $78,900
2020 $2,224 $100,800 $22,900 $77,900
2019 $2,018 $93,600 $22,900 $70,700
2018 $1,962 $93,600 $22,900 $70,700
2017 $2,058 $94,500 $22,900 $71,600
2016 $1,872 $88,100 $22,900 $65,200
2015 $2,078 $97,662 $22,923 $74,739
2014 $2,078 $100,142 $26,198 $73,944
2013 $2,086 $100,142 $26,198 $73,944
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2025

    Pattie Fox

    Realty87

    (319) 573-0547

    199 Total Sales

    Pattie Fox
    Section Image

  • M

    Buyer's Agent in 2025

    Mike Selling Team

    GRAF REAL ESTATE, ERA POWERED

    (319) 981-3702

    814 Total Sales

    Mike Selling Team
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2506861

Cedar Rapids Area Association of REALTORS®

APN: 14243-79001-00000

Iowa Linn County Cedar Rapids 52403

703 40th St SE, 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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