NOT LISTED FOR SALE

7521 Summerset Ave NE Cedar Rapids, IA 52402

Estimated Value: $254,771 - $289,000

2 Beds
2 Baths
1,444 Sq Ft
$105/mo HOA Fee

Last Sold December 12, 2018

Last sale price $228,751 $158 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,905/month

309 Days on Market

Highlights

  • New Construction
  • Deck
  • Ranch Style House
  • Westfield Elementary School Rated A
  • Vaulted Ceiling
  • Great Room

About This Home

As of December 2018

New Abode Keystone floor plan in side-by-side duplex building. Open floor plan, vaulted ceilings. Kitchen has island with breakfast bar, 10 x10 deck off the kitchen, and a window over the kitchen sink. Spacious master suite includes 2 closets, plus a bathroom with walk-in shower and dual sinks. 2nd bedroom, another full bath, & laundry complete the main floor. Lower level is stubbed for a full bath and can be finished to include bathroom, another bedroom, and family room, leaving plenty of unfinished storage space. Base price allows buyers to choose from a variety of quality finish options including: carpet, vinyl and tile flooring, cabinets in several door styles with multiple stain choices, lighting & door hardware available in 2 different finishes and multiple counter top choices. Appliances are available in black or white. This building has a passive radon system installed. $175 association start-up fee. Photos are of a similar property.

Last Agent to Sell the Property

Sheila King

SKOGMAN REALTY Listed on: 11/13/2017

Last Buyer's Agent

Jeff Wenthe

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,450

Year Built

  • 2017

HOA Fees

  • $105 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,444 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

  • Deck
  • 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

$4,450

Year Built

2017

Lot Details

0

HOA Fees

$105 per month

Listing Details

  • Style: Ranch
  • Above Grade Finished Sq Ft: 1444
  • 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
  • Gross Tax: 53
  • List User Cell Phone: 319-213-0779
  • Miscellaneous: Cable Ready, Deck, Patio, Vaulted Ceiling
  • Net Tax: 53
  • New Construction: Yes
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 1.11586
  • Ratio Close Price By Original Li: 1.23649
  • Ratio Current Price By Sq Ft: 158.41
  • R Value Ceiling: 49.0000
  • R Value Sidewalls: 20.0000
  • Total Sq Ft: 1444
  • 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
Nov 13, 2017
Closed on
Dec 11, 2018
Sold by
Abode Construction Inc
Bought by
Mcveigh Sean P
Seller's Agent
Sheila King
SKOGMAN REALTY
Buyer's Agent
Jeff Wenthe
SKOGMAN REALTY
List Price
$185,000
Sold Price
$228,751
Premium/Discount to List
$43,751
23.65%
Current Estimated Value
$270,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,692
Avg. Annual Appreciation
2.50%
Original Mortgage
$183,000
Outstanding Balance
$159,804
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$110,639
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
Mcveigh Sean P $229,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcveigh Sean P $183,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2018 12/12/18 Sold $228,751 +11.6% $158 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
06/07/2018 06/07/18 Price Changed $205,000 +7.9% $142 / Sq Ft
03/28/2018 03/28/18 Price Changed $190,000 +2.7% $132 / Sq Ft
11/13/2017 11/13/17 For Sale $185,000 -- $128 / 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 $4,450 $256,000 $35,500 $220,500
2024 $4,770 $237,600 $35,500 $202,100
2023 $4,770 $237,600 $35,500 $202,100
2022 $4,440 $217,600 $30,000 $187,600
2021 $4,342 $209,500 $30,000 $179,500
2020 $4,342 $193,500 $26,000 $167,500
2019 $56 $0 $0 $0
2018 $56 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sheila King

    SKOGMAN REALTY

    Section Image

  • J

    Buyer's Agent in 2018

    Jeff Wenthe

    SKOGMAN REALTY

    (319) 310-3673

    43 Total Sales

    Jeff Wenthe
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1709887

Cedar Rapids Area Association of REALTORS®

APN: 11274-53024-01000

Iowa Linn County Cedar Rapids 52402

7521 Summerset Ave NE, Cedar Rapids, IA

This home is located at 7521 Summerset Ave NE, Cedar Rapids, IA 52402 since 13 November 2017 and is currently estimated at $270,443, approximately $187 per square foot. This property was built in 2017. 7521 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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