NOT LISTED FOR SALE

7514 Summerset Ave NE Cedar Rapids, IA 52402

Estimated Value: $280,000 - $304,000

3 Beds
3 Baths
1,761 Sq Ft
2017 Built

Last Sold November 30, 2020

Last sale price $235,000 $133 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,938/month

Highlights

  • Recreation Room
  • Vaulted Ceiling
  • Great Room with Fireplace
  • Westfield Elementary School Rated A
  • Ranch Style House
  • 2 Car Attached Garage

About This Home

As of November 2020

This home is located at 7514 Summerset Ave NE, Cedar Rapids, IA 52402 since 28 September 2020 and is currently estimated at $289,443, approximately $164 per square foot. This property was built in 2017. 7514 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.

Last Agent to Sell the Property

Steve Siefert

Realty87 Listed on: 09/28/2020

Realty87

Last Buyer's Agent

Luke Slaymaker

Realty87

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,438

Year Built

  • 2017

Home Design

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

Interior Spaces

  • Vaulted Ceiling
  • Gas Fireplace
  • Great Room with Fireplace
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

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

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,438

Year Built

2017

Lot Details

0

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1251
  • Association Management: By Developer, Start Up Fee
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Lower Level Bedroom: 1
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Dining Features: Breakfast Bar, Kitchen/Dining Combo
  • Gross Tax: 4438
  • List User Cell Phone: 319-350-2957
  • Low Lvl Fin Sq Ft: 510
  • Miscellaneous: Cable Ready, Patio, Vaulted Ceiling
  • Net Tax: 4236
  • 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: 187.85
  • Total Sq Ft: 1761
  • 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 – Electric
  • Additional Room: 3 Seasons, Great Room, Rec Room
  • Basement: Full, Pour
  • Basement: Yes
  • Full Bathrooms: 3
  • Bedrooms Level 1: 2
  • Fireplace Features: Built In, Gas, Great Room
  • Level 1 Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Master Bedroom Level: Level 1

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry In Unit, Lawncaresnowremovalincluded

Schools

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

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Nov 29, 2020
Sold by
Ridge Lisa C and Ridge Brian L
Bought by
Sherman Suzanne R
Seller's Agent
Steve Siefert
Realty87
Buyer's Agent
Luke Slaymaker
Realty87
List Price
$235,000
Sold Price
$235,000
Current Estimated Value
$289,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,443
Avg. Annual Appreciation
4.43%
Original Mortgage
$188,000
Outstanding Balance
$167,376
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$122,067

Purchase Details

Listed on
Oct 19, 2017
Closed on
Apr 27, 2018
Sold by
Adobe Construction Inc
Bought by
Ridge Lisa C and Ridge Brian L
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Steve Siefert
Realty87
List Price
$178,000
Sold Price
$211,817
Premium/Discount to List
$33,817
19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$200,770
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sherman Suzanne R $235,000 None Available
Ridge Lisa C $212,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Suzanne R $188,000
Previous Owner Ridge Lisa C $200,770
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $235,000 0.0% $133 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $235,000 +10.9% $133 / Sq Ft
05/02/2018 05/02/18 Sold $211,817 +18.5% $169 / Sq Ft
03/29/2018 03/29/18 Pending -- -- --
03/01/2018 03/01/18 Price Changed $178,696 +0.4% $143 / Sq Ft
10/19/2017 10/19/17 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
2025 $4,922 $271,800 $35,500 $236,300
2024 $4,828 $261,700 $35,500 $226,200
2023 $4,828 $261,700 $35,500 $226,200
2022 $4,492 $220,100 $30,000 $190,100
2021 $4,480 $211,900 $30,000 $181,900
2020 $4,480 $199,400 $26,000 $173,400
2019 $1,302 $193,400 $26,000 $167,400
2018 $1,302 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Siefert

    Seller's Agent in 2020

    Steve Siefert

    Realty87

    (319) 350-2917

    72 Total Sales

    Steve Siefert
    Section Image

  • L

    Buyer's Agent in 2020

    Luke Slaymaker

    Realty87

    (319) 360-1595

    40 Total Sales

    Luke Slaymaker
    Section Image

  • S

    Seller's Agent in 2018

    Sheila King

    SKOGMAN REALTY

    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2006865

Cedar Rapids Area Association of REALTORS®

APN: 11274-57006-01000

Iowa Linn County Cedar Rapids 52402

7514 Summerset Ave NE, Cedar Rapids, IA

This home is located at 7514 Summerset Ave NE, Cedar Rapids, IA 52402 since 28 September 2020 and is currently estimated at $289,443, approximately $164 per square foot. This property was built in 2017. 7514 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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