$268,000
SOLD JUL 22, 2022

7413 Summerset Ave NE Cedar Rapids, IA 52402

3 Beds
3 Baths
2,207 Sq Ft
$125/mo HOA Fee

Recently Sold

$121 Per Sq Ft

1% Above List Price

13 Days on Market

Highlights

  • Recreation Room with Fireplace
  • Ranch Style House
  • Forced Air Cooling System
  • Westfield Elementary School Rated A
  • 2 Car Attached Garage
  • Combination Kitchen and Dining Room

About This Home

As of December 2023

Sharp condo end unit on a corner lot. Lots of common area. Newly finished lower level. Added a fireplace, family room, full bath, and another bedroom. No bid period. Showings start 2 pm Sunday due to Seller out of town. Hurry!

Last Agent to Sell the Property

Gary Doerrfeld

Realty87 Listed on: 05/28/2022

Realty87

Last Buyer's Agent

Donald Fieldhouse

Cedar Rapids Area Association of REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,657

Year Built

  • 2017

HOA Fees

  • $125 Monthly HOA Fees

Home Design

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

Interior Spaces

  • Combination Kitchen and Dining Room
  • Recreation Room with Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Utilities

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

Community Details

  • Built by Abode

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,657

Year Built

2017

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Style: Ranch
  • Acres: 0.3500
  • Above Grade Finished Sq Ft: 1407
  • Association Fee Frequency: Month
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Lower Level Bedroom: 1
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 1st Floor
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 4657
  • List User Cell Phone: 319-981-2983
  • Low Lvl Fin Sq Ft: 800
  • Net Tax: 4657
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.03097
  • Ratio Close Price By Original Li: 1.01132
  • Ratio Current Price By Sq Ft: 190.48
  • Total Sq Ft: 2207
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2017

Interior Features

  • Appliances Included: Dishwasher, Disposal, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Gas
  • Additional Room: Rec Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 3
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Rec Room
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Garage/Parking

  • Garage/Parking: 2 Cars, Attached
  • Garage Size: 22 X19

Utilities

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

Condo/Co-op/Association

  • Association Fee: 125
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: 15,034

Building Info

  • Builder Name: Abode

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2024
Sold by
Davidson Jay W and Davidson Teresa L
Bought by
Jay And Teresa Davidson Revocable Trust and Davidson
Current Estimated Value
$293,318

Purchase Details

Listed on
Sep 29, 2023
Closed on
Nov 30, 2023
Sold by
Carter Kimberly J
Bought by
Davidson Jay and Davidson Teresa
Seller's Agent
Katelyn Nikolaev
Pinnacle Realty LLC
Buyer's Agent
Katelyn Nikolaev
Pinnacle Realty LLC
List Price
$285,000
Sold Price
$282,000
Premium/Discount to List
-$3,000
-1.05%
Views
427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%

Purchase Details

Listed on
May 28, 2022
Closed on
Jul 8, 2022
Sold by
Choate Benjamin K
Bought by
Carter Kimberly J
Seller's Agent
Gary Doerrfeld
Realty87
Buyer's Agent
Donald Fieldhouse
Cedar Rapids Area Association of REALTORS
List Price
$265,000
Sold Price
$268,000
Premium/Discount to List
$3,000
1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.82%
Original Mortgage
$26,800
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2017
Closed on
Dec 20, 2017
Sold by
Abode Construction Inc
Bought by
Choate Benjamin
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Gary Doerrfeld
Realty87
List Price
$182,000
Sold Price
$186,176
Premium/Discount to List
$4,176
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$167,558
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $282,000 None Listed On Document
Warranty Deed $268,000 None Listed On Document
Warranty Deed $186,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $26,800 New Conventional
Previous Owner $167,558 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $282,000 -1.1% $100 / Sq Ft
09/29/2023 09/29/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $285,000 +6.3% $101 / Sq Ft
07/22/2022 07/22/22 Sold $268,000 +3.1% $121 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
06/03/2022 06/03/22 Price Changed $259,950 -1.9% $118 / Sq Ft
05/28/2022 05/28/22 For Sale $265,000 +42.3% $120 / Sq Ft
12/29/2017 12/29/17 Sold $186,176 +1.9% $134 / Sq Ft
12/12/2017 12/12/17 Pending -- -- --
10/20/2017 10/20/17 Price Changed $182,710 +0.4% $132 / Sq Ft
06/15/2017 06/15/17 For Sale $182,000 -- $131 / 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 $4,724 $256,400 $35,500 $220,900
2022 $318 $206,700 $30,000 $176,700
2021 $4,396 $199,100 $30,000 $169,100
2020 $4,396 $187,200 $26,000 $161,200
2019 $4,002 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2204702

Cedar Rapids Area Association of REALTORS®

APN: 11274-53029-01001