NOT LISTED FOR SALE

7418 Summerset Ave NE Cedar Rapids, IA 52402

Estimated Value: $271,000 - $295,000

2 Beds
2 Baths
1,386 Sq Ft
$125/mo HOA Fee

Last Sold January 29, 2021

Last sale price $205,000 $148 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,024/month

1 Day on Market

Highlights

  • Vaulted Ceiling
  • Ranch Style House
  • 2 Car Attached Garage
  • Westfield Elementary School Rated A
  • Great Room with Fireplace
  • Forced Air Cooling System

About This Home

As of January 2021

Like new! Was only occupied for about 5 months. Open floor plan, with vaulted ceilings. Kitchen/dining combo also includes breakfast bar. Upgraded stainless steel appliances, including a gas stove. Master suite includes walk-in closet, plus a bathroom with walk-in shower, dual sinks, and linen closet. 2nd bedroom, another full bath, and laundry complete the main floor. Lower level is stubbed for a full bath and can be finished to include the bathroom, another bedroom, and family room, leaving plenty of unfinished storage space. $210 association start-up fee. Note that there's a little siding damage (can see the area above the garage, in the photos), from the Aug 10 storm. This will be repaired by the association, as it's covered under the association's insurance policy.

Last Agent to Sell the Property

Sheila King

SKOGMAN REALTY Listed on: 12/11/2020

Last Buyer's Agent

Olivia Bates

IOWA REALTY

IOWA REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,399

Year Built

  • 2017

HOA Fees

  • $125 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,386 Sq Ft Home
  • Vaulted Ceiling
  • Gas Fireplace
  • Great Room with Fireplace
  • Combination Kitchen and Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

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

Community Details

Overview

  • Built by Abode Construction

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,399

Year Built

2017

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1386
  • Association Fee Frequency: Month
  • Association Management: By Association, Start Up Fee
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 1st Floor
  • Dining Features: Breakfast Bar, Kitchen/Dining Combo
  • Gross Tax: 4399
  • List User Cell Phone: 319-213-0779
  • Miscellaneous: Cable Ready, Patio, Vaulted Ceiling
  • Net Tax: 4197
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Sq Ft: 147.91
  • R Value Ceiling: 49.0000
  • R Value Sidewalls: 20.0000
  • Total Sq Ft: 1386
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • 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
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Gas, Great Room
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1

Exterior Features

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

Garage/Parking

  • Garage/Parking: 2 Cars, Attached

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Lawncaresnowremovalincluded
  • Association Fee: 125
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: Common

Building Info

  • Builder Name: Abode Construction

Rental Info

  • Pets: # Of Pets Allowed, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 23, 2021
Sold by
Estate Ofjulie K Beinier
Bought by
Livengood Kari A
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Olivia Bates
IOWA REALTY
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$280,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,364
Avg. Annual Appreciation
6.96%
Original Mortgage
$164,000
Outstanding Balance
$146,425
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$133,939

Purchase Details

Closed on
May 26, 2020
Sold by
Abode Construction Inc
Bought by
Beimer Julie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,671
Interest Rate
3.37%
Mortgage Type
New Conventional
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
Livengood Kari A $205,000 None Available
Beimer Julie K $200,000 Security First Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Livengood Kari A $164,000
Previous Owner Beimer Julie K $153,671
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $205,000 0.0% $148 / Sq Ft
12/12/2020 12/12/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $205,000 -- $148 / 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 $5,024 $279,100 $35,500 $243,600
2024 $5,396 $256,400 $35,500 $220,900
2023 $5,396 $256,400 $35,500 $220,900
2022 $4,498 $236,100 $30,000 $206,100
2021 $4,194 $203,200 $30,000 $173,200
2020 $4,194 $187,200 $26,000 $161,200
2019 $4,002 $0 $0 $0
2018 $96 $0 $0 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sheila King

    SKOGMAN REALTY

    Section Image
  • Olivia Bates

    Buyer's Agent in 2021

    Olivia Bates

    IOWA REALTY

    (319) 540-6591

    365 Total Sales

    Olivia Bates
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2009233

Cedar Rapids Area Association of REALTORS®

APN: 11274-57009-01000

Iowa Linn County Cedar Rapids 52402

7418 Summerset Ave NE, Cedar Rapids, IA

This home is located at 7418 Summerset Ave NE, Cedar Rapids, IA 52402 since 11 December 2020 and is currently estimated at $280,364, approximately $202 per square foot. This property was built in 2017. 7418 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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