7402 Summerset Ave NE Cedar Rapids, IA 52402
Estimated Value: $284,000 - $308,000
3
Beds
3
Baths
2,451
Sq Ft
$150/mo
HOA Fee
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 2022This 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!
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
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%
Total Days on Market
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,816
Avg. Annual Appreciation
2.19%
Original Mortgage
$211,200
Outstanding Balance
$197,024
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$92,078
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.
Avg. Annual Appreciation
22.98%
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%
Create a Home Valuation Report for This Property
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Similar Homes in Cedar Rapids, IA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lin Haomin | $270,000 | None Listed On Document | |
| 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 |
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
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 | $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
-
Barb Feld
B
Seller's Agent in 2022
Barb Feld
IOWA REALTY
(319) 378-6639
17 Total Sales
-
Susan Eaton
Buyer's Agent in 2022
Susan Eaton
SKOGMAN REALTY
(319) 981-1277
90 Total Sales
-
Seller's Agent in 2020
Sheila King
SKOGMAN REALTY
(319) 213-0779
-
Adam Green
Buyer's Agent in 2018
Adam Green
Pinnacle Realty LLC
(319) 721-3103
190 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2201030
APN: 11274-57012-01000
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