NOT LISTED FOR SALE

Estimated Value: $293,000 - $339,000

1 Bed
2 Baths
1,412 Sq Ft
$446/mo HOA Fee

Last Sold April 27, 2017

Last sale price $250,000 $177 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,668/month

112 Days on Market

Highlights

  • Gated Community
  • Deck
  • Vaulted Ceiling
  • Waterfront
  • Contemporary Architecture
  • Main Floor Primary Bedroom

About This Home

As of April 2017

Enjoy life this spacious one bedroom or add back a second one at Water Tower Place, the premiere warehouse loft building in town! Sunny, south facing corner unit overlooking NewBo and the park. With 12 ft. ceilings, original brick and concrete pillars, this open floor plan with its many upgrades is stunning. The kitchen features extra cabinetry with beautiful features. Lighting throughout is special. All around a lovely mix of old and new. The master bath features a special clawfoot tub for relaxing. Enjoy the balcony, green roof and guest unit for family and friends. One secure premium garage space is included. A special cable/hi-speed package is made available to all owners at a low price of less than $45/month. Water Tower Place has onsite management, is pet friendly and is filled with many wonderful people, too! Enjoy convenient urban living today in a very special condo.

Last Listed By

Candy Wong

SKOGMAN REALTY Listed on: 12/09/2016

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,056

Year Built

  • 2007

Lot Details

  • Waterfront
  • Irrigation

HOA Fees

  • $446 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,412 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Great Room
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 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

Utilities

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

Additional Features

  • Handicap Accessible
  • Deck

Community Details

Overview

  • Handicap Modified Features In Community

Amenities

  • Community Storage Space
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,056

Year Built

2007

Lot Details

0

HOA Fees

$446 per month

Listing Details

  • Style: Contemporary, Loft/High-Rise, Over 2 Stories
  • Above Grade Finished Sq Ft: 1412
  • Association Fee Frequency: Month
  • Association Management: By Prop Mgmt., Start Up Fee
  • Total Bathrooms: 2.00
  • Lower Level Bedroom: 1
  • Total Bedrooms: 1
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Kitchen/Dining Combo
  • Gross Tax: 1056
  • List User Cell Phone: 319-560-3259
  • Miscellaneous: Cable Ready, Deck, Elevator, Handicapped Features, Intercom, Irrigation System, Security System, Vaulted Ceiling
  • Net Tax: 1056
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.92627
  • Ratio Close Price By Original Li: 0.92627
  • Ratio Current Price By Sq Ft: 177.05
  • Total Sq Ft: 1412
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2007

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Hood Fan, Microwave, Range, Refrigerator, Washer, Water Heater – Gas
  • Additional Room: 1st Floor Laundry, Great Room
  • Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Master Bedroom Level: Level 1
  • Site Description: Water Front

Exterior Features

  • Construction Methods: Frame, Masonry, 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, Onsite Maint Person, Secure Storage Area, Secured Entrance
  • Association Fee: 446
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2024
Sold by
Raj Properties Llc
Bought by
Theresa R Mcginnis Trust
Total Days on Market
112
Current Estimated Value
$323,566

Purchase Details

Closed on
Aug 5, 2021
Sold by
Boots Michael C and Perez Boots Kelly
Bought by
Raj Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 21, 2021
Sold by
Sovern Steven H and Sovern Bonnie A
Bought by
Boots Michael C and Perez Boots Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,750
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Dec 9, 2016
Closed on
Apr 24, 2017
Sold by
Jepsen Charles H and Jepsen Marcia A
Bought by
Sovern Steven H and Sovern Bonnie A
Seller's Agent
Candy Wong
SKOGMAN REALTY
Buyer's Agent
Candy Wong
SKOGMAN REALTY
List Price
$269,900
Sold Price
$250,000
Premium/Discount to List
-$19,900
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.07%
Original Mortgage
$50,000
Interest Rate
4.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 29, 2006
Sold by
Water Tower Place Llc
Bought by
Jepsen Charles H and Jepsen Marcia A

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
Theresa R Mcginnis Trust $325,000 None Listed On Document
Raj Properties Llc $275,000 None Available
Boots Michael C $275,000 None Available
Sovern Steven H $212,500 None Available
Jepsen Charles H $273,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raj Properties Llc $220,000
Previous Owner Perez Boots Kelly L $80,750
Previous Owner Boots Michael C $144,000
Previous Owner Sovern Steven H $50,000
Previous Owner Sovern Steven H $75,000
Previous Owner Jepsen Charles H $256,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2017 04/27/17 Sold $250,000 -7.4% $177 / Sq Ft
03/31/2017 03/31/17 Pending -- -- --
12/09/2016 12/09/16 For Sale $269,900 -- $191 / 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 $5,132 $255,700 $35,500 $220,200
2022 $4,854 $243,300 $38,000 $205,300
2021 $5,064 $243,300 $38,000 $205,300
2020 $5,064 $238,100 $38,000 $200,100
2019 $4,756 $229,200 $38,000 $191,200
2018 $4,698 $229,200 $38,000 $191,200
2017 $4,698 $80,100 $15,000 $65,100
2016 $1,241 $58,400 $15,000 $43,400
2015 $1,229 $57,768 $15,000 $42,768
2014 $1,044 $43,381 $15,000 $28,381
2013 -- $43,381 $15,000 $28,381
Source: Public Records

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1612923

Cedar Rapids Area Association of REALTORS®

APN: 14281-86002-01014