$211,817
SOLD MAY 2, 2018

7514 Summerset Ave NE Cedar Rapids, IA 52402

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

Recently Sold

$169 Per Sq Ft

19% Above List Price

161 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 November 2020

This side by side Hampton floor plan, located in the Crescent View development on the NE side of Cedar Rapids, has plenty to offer. This unit includes vaulted ceilings, main level laundry, a beautiful dining room and much more. 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: 10/19/2017

Last Buyer's Agent

Steve Siefert

Realty87

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,828

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
  • Combination Kitchen and Dining Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

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 Inc

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,828

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, Kitchen/Dining Combo
  • List User Cell Phone: 319-213-0779
  • Miscellaneous: Cable Ready, Patio, Vaulted Ceiling
  • New Construction: Yes
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.18535
  • Ratio Close Price By Original Li: 1.18998
  • Ratio Current Price By Sq Ft: 169.32
  • 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 Inc

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
$290,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,517
Avg. Annual Appreciation
4.33%
Original Mortgage
$188,000
Outstanding Balance
$169,293
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$117,281

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

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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
Warranty Deed $235,000 None Available
Warranty Deed $212,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $188,000 New Conventional
Previous Owner $190,070 New Conventional
Previous Owner $200,770 Adjustable Rate Mortgage/ARM
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
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

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1709424

Cedar Rapids Area Association of REALTORS®

APN: 11274-57006-01000