NOT LISTED FOR SALE

7303 Mount Vernon Rd SE Cedar Rapids, IA 52403

Estimated Value: $499,000 - $684,208

4 Beds
2.5 Baths
2,690 Sq Ft
$235/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $650,000 $242 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,827/month

83 Days on Market

Highlights

  • Spa
  • Great Room with Fireplace
  • Den
  • 12.3 Acre Lot
  • Main Floor Primary Bedroom
  • 5-minute walk to Hitters Park

About This Home

As of October 2023

Located on the corner of Hwy13 and Mount Vernon Rd this property needs to be viewed to be appreciated. This 12.3-acre property has a 1/12 story home that is 2629 sq feet above ground and has a ton of potential., There is a large pond that is 10 feet deep and There are 2 outbuildings, One is a shop that is 54X 40 with 12-foot ceilings and an 11X 14 garage door with 2 large storage rooms, that have heat and water. The other building is a large 54 X 36 garage with a 12-foot ceiling, concrete floors, and heat. It has tons of built-in storage and 3 garage doors one is 11X12, 9 X16 and 11X12. If you have ever thought of running your business from your home, this could be the place for you.

Last Agent to Sell the Property

Karen Mathison

Realty87 Listed on: 06/10/2023

Realty87

Last Buyer's Agent

Erica Seelman

GLD COMMERCIAL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,520

Year Built

  • 1940

Lot Details

  • 12.3 Acre Lot
  • Level Lot

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,690 Sq Ft Home
  • 1.5-Story Property
  • 1.75 Story Property
  • Gas Fireplace
  • Great Room with Fireplace
  • Living Room
  • Den
  • Home Security System

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Block Basement Construction

Parking

  • 4 Car Garage
  • Heated Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Spa
  • Patio
  • Storage Shed
  • Outbuilding

Utilities

  • Forced Air Cooling System
  • Well
  • Septic System
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,520

Year Built

1940

Lot Details

0

Listing Details

  • Style: 1.5 Story, 1.75 Story
  • Acres: 12.3000
  • Above Grade Finished Sq Ft: 2690
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.10
  • Total Bedrooms: 4
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar
  • Gross Tax: 5520
  • List User Cell Phone: 319-573-8106
  • Miscellaneous: Cable Ready, Hot Tub, Outbuildings, Patio, Security System, Storage Shed
  • Net Tax: 5520
  • Property Sub Types: Single Family
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00015
  • Ratio Close Price By Original Li: 0.81352
  • Ratio Current Price By Sq Ft: 241.64
  • Total Sq Ft: 2690
  • Water Sewer Roads: Septic System, Well Water
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Hood Fan, Microwave, Range, Refrigerator, Washer
  • Additional Room: 1st Floor Laundry, 3 Seasons, Den/Study, Living Room
  • Basement: Block, Partial
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms Level 1: 1
  • Bedrooms Level 2: 3
  • Fireplace Features: Gas, Great Room
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Site Description: Level

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 4 Or More Cars, Heated Garage, Off Street Parking
  • Garage Size: 6+

Utilities

  • Heating Cooling: Central Air, Forced Air, Garage Heater/Furnace

Lot Info

  • Lot Size: 12.3 acre

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2023
Closed on
Sep 29, 2023
Sold by
Wasson Justin R and Wasson Andrea S
Bought by
Cbm Investments Llc
Seller's Agent
Karen Mathison
Realty87
Buyer's Agent
Erica Seelman
GLD COMMERCIAL
List Price
$799,000
Sold Price
$650,000
Premium/Discount to List
-$149,000
-18.65%
Views
293
Current Estimated Value
$632,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,698
Avg. Annual Appreciation
-1.32%
Original Mortgage
$500,000
Outstanding Balance
$490,072
Interest Rate
7.31%
Estimated Equity
$142,230

Purchase Details

Listed on
Sep 4, 2018
Closed on
Nov 15, 2018
Sold by
Eckert Darlene A and The Drew D Eckert Revocable Tr
Bought by
Wasson Justin R and Wasson Andrea S
Seller's Agent
Karen Mathison
Realty87
Buyer's Agent
Karen Mathison
Realty87
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.65%
Original Mortgage
$450,000
Interest Rate
4.32%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Cbm Investments Llc $650,000 None Listed On Document
Wasson Justin R $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cbm Investments Llc $500,000
Previous Owner Wasson Justin R $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2023 10/02/23 Sold $650,000 0.0% $242 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/27/2023 08/27/23 Price Changed $649,900 -7.1% $242 / Sq Ft
07/31/2023 07/31/23 Price Changed $699,900 -3.4% $260 / Sq Ft
07/04/2023 07/04/23 Price Changed $724,900 -3.3% $269 / Sq Ft
06/23/2023 06/23/23 Price Changed $749,900 -6.1% $279 / Sq Ft
06/10/2023 06/10/23 For Sale $799,000 +33.2% $297 / Sq Ft
11/16/2018 11/16/18 Sold $600,000 -7.7% $223 / Sq Ft View Prior Sale
09/30/2018 09/30/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $650,000 -- $242 / 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 $6,136 $629,400 $124,500 $504,900
2024 $5,602 $525,800 $124,500 $401,300
2023 $5,602 $525,800 $124,500 $401,300
2022 $5,512 $397,100 $124,500 $272,600
2021 $5,308 $397,100 $124,500 $272,600
2020 $5,308 $353,200 $77,400 $275,800
2019 $3,950 $277,800 $17,800 $260,000
2018 $3,854 $277,800 $17,800 $260,000
2017 $3,854 $266,900 $20,100 $246,800
2016 $3,868 $266,900 $20,100 $246,800
2015 $4,015 $278,400 $31,600 $246,800
2014 $3,864 $278,400 $31,600 $246,800
2013 $3,794 $278,400 $31,600 $246,800
Source: Public Records

Agents Affiliated with this Home

  • Karen Mathison

    Seller's Agent in 2023

    Karen Mathison

    Realty87

    (319) 573-8106

    137 Total Sales

    Karen Mathison
    Section Image
  • Erica Seelman

    Buyer's Agent in 2023

    Erica Seelman

    GLD COMMERCIAL

    (319) 329-4141

    83 Total Sales

    Erica Seelman
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2303718

Cedar Rapids Area Association of REALTORS®

APN: 15281-26012-00000

Iowa Linn County Cedar Rapids 52302

7303 Mount Vernon Rd SE, Cedar Rapids, IA

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