7514 Summerset Ave NE Cedar Rapids, IA 52402
3
Beds
3
Baths
1,761
Sq Ft
2017
Built
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 2020This home is located at 7514 Summerset Ave NE, Cedar Rapids, IA 52402 and is currently priced at $235,000, approximately $133 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.
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
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
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Seller's Agent in 2020
Steve Siefert
Realty87
(319) 350-2917
76 Total Sales
-
L
Buyer's Agent in 2020
Luke Slaymaker
Realty87
(319) 360-1595
37 Total Sales
-
S
Seller's Agent in 2018
Sheila King
SKOGMAN REALTY
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2006865
APN: 11274-57006-01000
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