NOT LISTED FOR SALE

7508 Summerset Ave NE Cedar Rapids, IA 52402

Estimated Value: $246,641 - $276,000

2 Beds
2 Baths
1,251 Sq Ft
$105/mo HOA Fee

Last Sold February 11, 2019

Last sale price $185,666 $148 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,860/month

473 Days on Market

Highlights

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

About This Home

As of February 2019

This side by side duplex Tuscany floor plan offers an open floor plan and covered front porch. Main floor features vaulted ceiling with large eat-in kitchen (plus breakfast bar) open to the great room, master suite with walk-in closet, 2nd bedroom, another full bathroom, and laundry (conveniently located between the bedrooms). The lower level is stubbed for a full bathroom and ready to finish with a bedroom and family room, while still allowing for plenty of storage space. The builder has made selections from a high quality group of products. The decor is neutral and beautiful. Appliances are available in black or white. This building has a passive radon system installed. There is a $175 association start-up fee.

Last Agent to Sell the Property

Sheila King

SKOGMAN REALTY Listed on: 09/06/2017

Last Buyer's Agent

Julie Gassmann

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,439

Year Built

  • 2017

HOA Fees

  • $105 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,251 Sq Ft Home
  • Vaulted Ceiling
  • Great Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

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

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,439

Year Built

2017

Lot Details

0

HOA Fees

$105 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1251
  • Association Fee Frequency: Month
  • Association Management: By Developer, 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, Eat-In Kitchen
  • Gross Tax: 1439
  • List User Cell Phone: 319-213-0779
  • Miscellaneous: Cable Ready, Patio, Vaulted Ceiling
  • Net Tax: 1439
  • New Construction: Yes
  • 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: 1.07321
  • Ratio Current Price By Sq Ft: 148.41
  • R Value Ceiling: 49.0000
  • R Value Sidewalls: 20.0000
  • Total Sq Ft: 1251
  • 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, Garage Door Opener, Microwave, Range, Refrigerator, Water Heater – Electric
  • Additional Room: 1st Floor Laundry, Great Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • 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 Fee: 105
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2017
Closed on
Feb 5, 2019
Sold by
Abode Construction Inc
Bought by
Swanke Rachel A
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Julie Gassmann
Pinnacle Realty LLC
List Price
$173,000
Sold Price
$185,666
Premium/Discount to List
$12,666
7.32%
Current Estimated Value
$262,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,744
Avg. Annual Appreciation
5.36%
Original Mortgage
$135,666
Outstanding Balance
$119,275
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$143,135
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
Swanke Rachel A $186,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanke Rachel A $135,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2019 02/11/19 Sold $185,666 0.0% $148 / Sq Ft
12/23/2018 12/23/18 Pending -- -- --
06/07/2018 06/07/18 Price Changed $185,666 +4.2% $148 / Sq Ft
05/24/2018 05/24/18 Price Changed $178,166 +0.4% $142 / Sq Ft
03/28/2018 03/28/18 Price Changed $177,500 +2.6% $142 / Sq Ft
09/06/2017 09/06/17 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 $4,426 $245,400 $35,500 $209,900
2024 $4,332 $236,400 $35,500 $200,900
2023 $4,332 $236,400 $35,500 $200,900
2022 $4,034 $198,400 $30,000 $168,400
2021 $4,014 $191,200 $30,000 $161,200
2020 $4,014 $179,600 $26,000 $153,600
2019 $1,504 $0 $0 $0
2018 $1,504 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sheila King

    SKOGMAN REALTY

    Section Image
  • Julie Gassmann

    Buyer's Agent in 2019

    Julie Gassmann

    Pinnacle Realty LLC

    (319) 651-6801

    185 Total Sales

    Julie Gassmann
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1708351

Cedar Rapids Area Association of REALTORS®

APN: 11274-57007-01000

Iowa Linn County Cedar Rapids 52402

7508 Summerset Ave NE, Cedar Rapids, IA

This home is located at 7508 Summerset Ave NE, Cedar Rapids, IA 52402 since 06 September 2017 and is currently estimated at $262,410, approximately $209 per square foot. This property was built in 2017. 7508 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.
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