NOT LISTED FOR SALE

Estimated Value: $284,000 - $305,000

2 Beds
2 Baths
1,229 Sq Ft
$481/mo HOA Fee

Last Sold February 07, 2022

Last sale price $237,000 $193 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,514/month

1 Day on Market

Highlights

  • Gated Community
  • Living Room with Fireplace
  • Main Floor Primary Bedroom
  • Contemporary Architecture
  • Vaulted Ceiling
  • L-Shaped Dining Room

About This Home

As of February 2022

Now this is what a loft should be! This gently-used warehouse condo will be perfect for the urban you, longing to be in the center of activity, culture and diverse thinking, yet absolutely comfortable. Industrial vibe is the backdrop with 12 ft. ceilings, concrete and brick in a semi-open floor plan. Beautiful wood and modern appointments make it warm and inviting. All this in an efficient 1229 sq. ft. at historic, premier Water Tower Place condos in the heart of NewBo. Living is carefree with in-house property management and security. WTP welcomes pets, too. Enjoy your private balcony and also the beautiful Green Roof, with its environmentally conscious design, and amenities such as grills, gas fire pit, seating and 360 views. Reserve the co-owned, fully-furnished guest unit when you need it. Park in your underground, heated parking stall. And enjoy life with the best of yesterday, today and tomorrow.

Last Listed By

Candy Wong

SKOGMAN REALTY Listed on: 01/10/2022

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,762

Year Built

  • 2006

HOA Fees

  • $481 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Metal Construction or Metal Frame

Interior Spaces

  • 1,229 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Whole House Fan
  • Free Standing Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • L-Shaped Dining Room

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Heated Garage
  • Garage Door Opener
  • On-Street Parking

Accessible Home Design

  • Handicap Accessible

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Handicap Modified Features In Community

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,762

Year Built

2006

Lot Details

0

HOA Fees

$481 per month

Listing Details

  • Style: Contemporary, Loft/High-Rise, Over 2 Stories
  • Above Grade Finished Sq Ft: 1229
  • Association Fee Frequency: Month
  • Association Management: By Prop Mgmt., Start Up Fee
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 2nd Floor
  • Dining Features: Breakfast Bar, Dining 'L'
  • Gross Tax: 4762
  • List User Cell Phone: 319-560-3259
  • Miscellaneous: Cable Ready, Elevator, Handicapped Features, Home Warranty, Intercom, Security System, Vaulted Ceiling, Whole House Fan
  • Net Tax: 4762
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.97732
  • Ratio Close Price By Original Li: 0.97732
  • Ratio Current Price By Sq Ft: 192.84
  • Total Sq Ft: 1229
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Living Room
  • Full Bathrooms: 2
  • Bedrooms Level 1: 2
  • Fireplace Features: Free Standing, Gas, Living Room
  • Level 1 Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Room Count: 4

Exterior Features

  • Construction Methods: Metal Frame
  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 1 Car, Attached, Drive Under, Heated Garage, On Street Parking

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Elevator, Guest Room Facilities, Handicap Features, Laundry In Unit, Lawncaresnowremovalincluded, Secure Storage Area, Secured Entrance
  • Association Fee: 481
  • Association: Yes

Schools

  • Elementary School: Grant Wood
  • Middle School: McKinley
  • High School: Washington

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed, Assoc Approval Required, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 4, 2022
Sold by
Hollinrake Mark S and Hollinra Shannon
Bought by
Moore Shannon M
Seller's Agent
Candy Wong
SKOGMAN REALTY
Buyer's Agent
Karrie Schultz
Keller Williams Legacy Group
List Price
$242,500
Sold Price
$237,000
Premium/Discount to List
-$5,500
-2.27%
Total Days on Market
1
Current Estimated Value
$293,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,952
Avg. Annual Appreciation
6.32%
Original Mortgage
$23,700
Outstanding Balance
$17,814
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$271,211

Purchase Details

Listed on
Jun 22, 2016
Closed on
Nov 12, 2016
Sold by
Wongba Warangkhana and Nicolescu Loan Valu
Bought by
Hollinrake Mark S and Hollinrake Sharon I
Seller's Agent
Candy Wong
SKOGMAN REALTY
Buyer's Agent
Debra Callahan
RE/MAX CONCEPTS
List Price
$215,000
Sold Price
$200,000
Premium/Discount to List
-$15,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%

Purchase Details

Closed on
Jul 2, 2014
Sold by
Hlavin Mary Louise
Bought by
Wongba Warangkhana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2009
Sold by
Smith Adam C and Smith Vanessa A
Bought by
Hlavin Mary Louise

Purchase Details

Closed on
May 15, 2008
Sold by
Smith Adam C and Smith Vanessa A
Bought by
Smith Adam C and Smith Vanessa A

Purchase Details

Closed on
Aug 14, 2006
Sold by
Water Tower Place Llc
Bought by
Smith Adam C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

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
Hollinrake Mark S -- None Available
Wongba Warangkhana $210,000 None Available
Hlavin Mary Louise $197,000 None Available
Smith Adam C -- None Available
Smith Adam C $175,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Shannon M $23,700
Previous Owner Wongba Warangkhana $157,500
Previous Owner Smith Adam C $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2022 02/07/22 Sold $237,000 -2.3% $193 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $242,500 +21.3% $197 / Sq Ft
11/16/2016 11/16/16 Sold $200,000 -7.0% $163 / Sq Ft
10/31/2016 10/31/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $215,000 -- $175 / 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 $4,744 $235,600 $35,500 $200,100
2022 $4,658 $224,900 $38,000 $186,900
2021 $4,860 $224,900 $38,000 $186,900
2020 $4,860 $220,300 $38,000 $182,300
2019 $4,574 $212,200 $38,000 $174,200
2018 $1,444 $212,200 $38,000 $174,200
2017 $1,444 $69,600 $15,000 $54,600
2016 $1,117 $52,600 $15,000 $37,600
2015 $1,107 $51,986 $15,000 $36,986
2014 $922 $38,838 $15,000 $23,838
2013 $624 $38,838 $15,000 $23,838
Source: Public Records

Agents Affiliated with this Home

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2200135

Cedar Rapids Area Association of REALTORS®

APN: 14281-86002-01009