NOT LISTED FOR SALE

7502 Summerset Ave NE Cedar Rapids, IA 52402

Estimated Value: $283,000 - $305,000

3 Beds
3 Baths
2,255 Sq Ft
$180/mo HOA Fee

Last Sold July 09, 2024

Last sale price $301,000 $133 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,105/month

8 Days on Market

Highlights

  • Vaulted Ceiling
  • Ranch Style House
  • Eat-In Kitchen
  • Westfield Elementary School Rated A
  • Formal Dining Room
  • Forced Air Cooling System

About This Home

As of July 2024

Welcome home! This open and spacious floor plan, located in the Crescent View development on the NE side of Cedar Rapids, offers numerous appealing features. The home boasts a brand new roof and includes vaulted ceilings, main level laundry, a beautiful dining space, and more. Significant seller upgrades include updated LVP floors, a gorgeous chef's kitchen with new cabinetry, modern stainless appliances and quartz countertops, a beautiful gas fireplace in the vaulted great room, solid surface bathroom vanity tops, and an amazing covered porch. The newly renovated kitchen skillfully blends modern and traditional elements, ensuring it appeals to a wide range of tastes. This gently lived-in, freshly updated home is a fraction of the cost of new construction! More bang for your buck here. Ideal for those seeking a condo on the NE side, this property will not disappoint with its 3 bedrooms and 3 full baths. The spacious lower level includes a family room, a bar/kitchenette plumbed for a sink, a full bathroom, a full 3rd bedroom, as well as a space that could serve as an office, craft/art studio, or be easily converted into a non-conforming 4th bedroom. Additionally, there is a large storage space/mechanical room, which is a rare find in condo living. The property is beautifully landscaped, and the flag pole is included. The oversized two-stall garage can accommodate a full-size Escalade and a second full-size vehicle, with room to spare. If you seek living out life in a great neighborhood with excellent schools, close to all city amenities, then look no further—you are home!

Last Listed By

Heather Aswegan

Keller Williams Legacy Group Listed on: 06/19/2024

Keller Williams Legacy Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,666

Year Built

  • 2018

HOA Fees

  • $180 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • Vaulted Ceiling
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In 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 Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

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

Community Details

Overview

  • Built by Abode

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,666

Year Built

2018

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1255
  • Association Fee Frequency: Month
  • Association Management: By Prop Mgmt.
  • 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: Breakfast Bar, Eat-In Kitchen, Formal Dining
  • Gross Tax: 4666
  • List User Cell Phone: 319-560-2823
  • Low Lvl Fin Sq Ft: 1000
  • Miscellaneous: Patio, Vaulted Ceiling
  • Net Tax: 4464
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.02068
  • Ratio Close Price By Original Li: 1.02068
  • Ratio Current Price By Sq Ft: 239.84
  • Total Sq Ft: 2255
  • Water Sewer Roads: City Sewer, City Water, Private Street Maint.
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2018

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Electric
  • Additional Room: 1st Floor Laundry, Family Room, Living Room, Non Egress-Ll Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 3
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Gas, Living Room
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

  • Construction Methods: Frame

Garage/Parking

  • Garage/Parking: 2 Cars
  • Garage Size: 2 Car

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Lawncaresnowremovalincluded, Lawncaresnowremovaloptional
  • Association Fee: 180
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: CONDO

Building Info

  • Builder Name: Abode

Rental Info

  • Pets: # Of Pets Allowed, Pet Weight Limit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Jul 9, 2024
Sold by
Pasker Frederick A and Pasker Debra J
Bought by
Walters Jennifer
Seller's Agent
Heather Aswegan
Keller Williams Legacy Group
Buyer's Agent
Heather Aswegan
Keller Williams Legacy Group
List Price
$294,900
Sold Price
$301,000
Premium/Discount to List
$6,100
2.07%
Total Days on Market
8
Views
133
Current Estimated Value
$293,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,704
Avg. Annual Appreciation
-3.08%

Purchase Details

Listed on
Aug 23, 2017
Closed on
Jan 30, 2018
Sold by
Abode Construction Inc
Bought by
Pasker Frederick A and Pasker Debra J
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Jesse Grade
SKOGMAN REALTY CORRIDOR
List Price
$178,000
Sold Price
$189,417
Premium/Discount to List
$11,417
6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$151,533
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Walters Jennifer $301,000 None Listed On Document
Pasker Frederick A $189,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pasker Frederick A $34,000
Previous Owner Pasker Frederick A $206,200
Previous Owner Pasker Frederick A $151,533
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $301,000 +2.1% $133 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $294,900 +55.7% $131 / Sq Ft
02/02/2018 02/02/18 Sold $189,417 +6.0% $151 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
11/22/2017 11/22/17 Price Changed $178,696 +0.4% $143 / Sq Ft
08/23/2017 08/23/17 For Sale $178,000 -- $142 / 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 $4,420 $240,800 $35,500 $205,300
2022 $4,116 $202,300 $30,000 $172,300
2021 $4,098 $194,900 $30,000 $164,900
2020 $4,098 $183,100 $26,000 $157,100
2019 $3,722 $0 $0 $0
2018 $3,722 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2404236

Cedar Rapids Area Association of REALTORS®

APN: 11274-57008-01000