NOT LISTED FOR SALE

7402 Summerset Ave NE Cedar Rapids, IA 52402

Estimated Value: $280,000 - $315,000

3 Beds
3 Baths
2,451 Sq Ft
$150/mo HOA Fee

Last Sold March 31, 2022

Last sale price $270,000 $110 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,153/month

4 Days on Market

Highlights

  • Home Theater
  • Vaulted Ceiling
  • Great Room
  • Westfield Elementary School Rated A
  • Ranch Style House
  • 2 Car Attached Garage

About This Home

As of March 2022

This condo has so much to offer. It is tastefully decorated, and the basement was just finished in Sept. Upstairs, 2 bedrooms, 2 baths with a nice sized living room and a kitchen/dining area large enough for a big table. Lots of cabinets in the kitchen and a pantry just put in. Really nice!! The seller added the backsplash in the kitchen, and undermount lighting under the kitchen cabinets. It has a cathedral ceiling and tiled entry way that extends to the closet. Bright and cheery! Downstairs, a 3rd bedroom, living room, rec room/or theatre room, storage unit, wet bar with undermount lighting, a nice shower/bathroom with backsplash. More storage in the furnace room and underneath the stairway. This condo is move in ready and clean, and closing could be as soon as 3 weeks if needed. Close to all your needs, stores, restaurants, schools, parks, etc. A must see! Some items the seller is willing to sell. All appliances stay, including washer and dryer. The puppy is not included!

Last Agent to Sell the Property

Barb Feld

IOWA REALTY Listed on: 02/24/2022

Last Buyer's Agent

Susan Eaton

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,180

Year Built

  • 2017

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • Vaulted Ceiling
  • Great Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Home Theater
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Built by Abode

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,180

Year Built

2017

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1251
  • Association Fee Frequency: Month
  • Association Management: By Association, Start Up Fee
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Lower Level Bedroom: 1
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Kitchen/Dining Combo
  • Gross Tax: 4180
  • List User Cell Phone: 319-929-1473
  • Low Lvl Fin Sq Ft: 1200
  • Miscellaneous: Cable Ready, Home Warranty, Patio, Vaulted Ceiling
  • Net Tax: 3978
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97473
  • Ratio Close Price By Original Li: 0.97473
  • Ratio Current Price By Sq Ft: 215.83
  • Total Sq Ft: 2451
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2017

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Electric
  • Additional Room: 1st Floor Laundry, Great Room, Living Room, Theater Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 3
  • Bedrooms Level 1: 2
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Stone, Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Attached
  • Garage Size: 425

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Lawncaresnowremovalincluded
  • Association Fee: 150
  • Association: Yes

Schools

  • Elementary School: Westfield
  • Middle School: Oak Ridge
  • High School: Linn Mar

Lot Info

  • Lot Size: Common

Building Info

  • Builder Name: Abode

Rental Info

  • Pets: # Of Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Apr 8, 2022
Sold by
Hoeger Chad M and Hoeger Mckenzie J
Bought by
Lin Haomin
Seller's Agent
Barb Feld
IOWA REALTY
Buyer's Agent
Susan Eaton
SKOGMAN REALTY
List Price
$277,000
Sold Price
$270,000
Premium/Discount to List
-$7,000
-2.53%
Current Estimated Value
$299,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,423
Avg. Annual Appreciation
3.02%
Original Mortgage
$211,200
Outstanding Balance
$194,961
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$104,462

Purchase Details

Listed on
Sep 14, 2020
Closed on
Oct 19, 2020
Sold by
Kruse Eric and Kruse Kara
Bought by
Hoeger Chad M and Hoeger Mckenzie J
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Barb Feld
IOWA REALTY
List Price
$198,900
Sold Price
$199,200
Premium/Discount to List
$300
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.98%
Original Mortgage
$159,360
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2020
Closed on
Oct 6, 2020
Sold by
Kruse Eric and Kruse Kara
Bought by
Hoeger Chad M and Hoeger Mckenzie J
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Barb Feld
IOWA REALTY
List Price
$198,900
Sold Price
$199,200
Premium/Discount to List
$300
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,360
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 24, 2017
Closed on
May 25, 2018
Sold by
Abode Construction Inc
Bought by
Kruse Eric and Kruse Kara
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Adam Green
Pinnacle Realty LLC
List Price
$173,000
Sold Price
$183,328
Premium/Discount to List
$10,328
5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%
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
Lin Haomin $270,000 None Listed On Document
Hoeger Chad M $199,500 Skogman Erick
Hoeger Chad M $199,500 None Available
Kruse Eric $183,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Haomin $211,200
Previous Owner Hoeger Chad M $159,360
Previous Owner Hoeger Chad M $159,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $270,000 -2.5% $110 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $277,000 +39.1% $113 / Sq Ft
10/09/2020 10/09/20 Sold $199,200 +0.2% $159 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $198,900 +8.5% $159 / Sq Ft
06/01/2018 06/01/18 Sold $183,328 +2.1% $147 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
03/28/2018 03/28/18 Price Changed $179,573 +2.6% $144 / Sq Ft
11/22/2017 11/22/17 Price Changed $175,073 +1.2% $140 / Sq Ft
05/24/2017 05/24/17 For Sale $173,000 -- $138 / 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 $5,060 $279,100 $35,500 $243,600
2024 $4,292 $268,700 $35,500 $233,200
2023 $4,292 $268,700 $35,500 $233,200
2022 $4,196 $196,700 $30,000 $166,700
2021 $3,978 $189,500 $30,000 $159,500
2020 $3,978 $178,000 $26,000 $152,000
2019 $3,612 $172,800 $26,000 $146,800
2018 $120 $0 $0 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Barb Feld

    IOWA REALTY

    (319) 378-6639

    15 Total Sales

    Barb Feld
    Section Image
  • Susan Eaton

    Buyer's Agent in 2022

    Susan Eaton

    SKOGMAN REALTY

    (319) 981-1277

    90 Total Sales

    Susan Eaton
    Section Image

  • S

    Seller's Agent in 2020

    Sheila King

    SKOGMAN REALTY

    Section Image
  • Adam Green

    Buyer's Agent in 2018

    Adam Green

    Pinnacle Realty LLC

    (319) 721-3103

    202 Total Sales

    Adam Green
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2201030

Cedar Rapids Area Association of REALTORS®

APN: 11274-57012-01000

Iowa Linn County Cedar Rapids 52402

7402 Summerset Ave NE, Cedar Rapids, IA

This home is located at 7402 Summerset Ave NE, Cedar Rapids, IA 52402 since 24 February 2022 and is currently estimated at $299,423, approximately $122 per square foot. This property was built in 2017. 7402 Summerset Ave NE is a home located in Linn County with nearby schools including Westfield Elementary School, Oak Ridge School, and Linn-Mar 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.

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