900 2nd St SE Unit 502 Cedar Rapids, IA 52401
Oak Hill Jackson Neighborhood
2
Beds
2.5
Baths
1,929
Sq Ft
$692/mo
HOA Fee
About This Home
As of July 2024Spacious, beautiful downtown living awaits at #502 in Water Tower Place. Vintage brick, 12 ft. warehouse ceilings, concrete columns and stained concrete floors are married with striking custom-built cabinetry and luxurious appointments throughout. Within 1929 sq. ft. there are 2 large bedrooms, a loft office/bonus area, 2.5 baths, an amazing kitchen and so much storage, too. Amenities such as an extra balcony off the master, glass privacy panels, a free standing tub, contemporary fireplace and zoned heating/cooling all enhance living. This light-filled corner unit includes 2 underground garage spaces. Water Tower is a secure, pet-friendly building with onsite management. All condo owners share ownership of a guest unit as well as the environmentally friendly green roof. The best of NewBo is ready for you.
Property Details
Home Type
Condominium
Est. Annual Taxes
$8,600
Year Built
2007
Lot Details
0
HOA Fees
$692 per month
Listing Details
- Style: Contemporary, Loft/High-Rise, Over 2 Stories
- Above Grade Finished Sq Ft: 1929
- Association Fee Frequency: Month
- Association Management: By Prop Mgmt., Start Up Fee
- Bathroom Off Master Bedroom: Yes
- Total Bathrooms: 2.10
- Total Bedrooms: 2
- City Name: Cedar Rapids
- Condo Unit Level: Condo On 3rd Floor +
- Dining Features: Breakfast Bar, Formal Dining
- Gross Tax: 8976
- List User Cell Phone: 319-329-2794
- Miscellaneous: Cable Ready, Deck, Elevator, Intercom, Security System, Sound System, Vaulted Ceiling
- Net Tax: 8976
- Property Sub Types: Condo/Zero Lot/Co-Op
- Property Type: Residential
- Ratio Close Price By List Price: 0.94883
- Ratio Close Price By Original Li: 0.94883
- Ratio Current Price By Sq Ft: 230.69
- Total Sq Ft: 1929
- 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 – Electric
- Additional Room: 1st Floor Laundry, Den/Study, Great Room
- Full Bathrooms: 2
- Half Bathrooms: 1
- Bedrooms Level 1: 2
- Fireplace Features: Free Standing, Gas, Great Room
- Level 1 Full Bathrooms: 2
- Level 1 Half Bathrooms: 1
- Master Bedroom Level: Level 1
- Room Count: 5
Exterior Features
- Construction Methods: Metal Frame
- Exterior: Brick
Garage/Parking
- Garage/Parking: 2 Cars, Attached, Drive Under, Heated Garage
Utilities
- Heating Cooling: Central Air, Forced Air, Gas Heat, Zoned Heating/Cooling
Condo/Co-op/Association
- Association Amenities: Elevator, Guest Room Facilities, Handicap Features, Laundry In Unit, Lawncaresnowremovalincluded, Onsite Maint Person, Secure Storage Area, Secured Entrance
- Association Fee: 692
- 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
Listed on
Jul 15, 2024
Closed on
Jul 10, 2024
Sold by
Theresa R Mcginnis Trust and Mcginnis Theresa R
Bought by
Lawrence David M
Buyer's Agent
Candy Wong
SKOGMAN REALTY
List Price
$519,000
Sold Price
$500,000
Premium/Discount to List
-$19,000
-3.66%
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
$5,540
Avg. Annual Appreciation
0.02%
Original Mortgage
$450,000
Outstanding Balance
$446,621
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$53,481
Purchase Details
Listed on
Nov 2, 2020
Closed on
Mar 31, 2021
Sold by
Fusselman William P
Bought by
Theresa R Mcginnis Trust
Seller's Agent
Tim Nye
GRAF HOME SELLING TEAM & ASSOCIATES
Buyer's Agent
Melissa Langhurst
Realty87
List Price
$469,000
Sold Price
$445,000
Premium/Discount to List
-$24,000
-5.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Purchase Details
Closed on
Oct 19, 2018
Sold by
Fusselman William
Bought by
Fusselman William P and The William P Fusselman Revocable Trust
Purchase Details
Closed on
Oct 2, 2017
Sold by
Fusselman Jennifer K
Bought by
Fusselman William
Purchase Details
Listed on
Oct 6, 2016
Closed on
Jan 11, 2017
Sold by
Waddell Brenda K and Waddell Rickie L
Bought by
Fusselman William
Seller's Agent
Daniel Seda
Realty87
Buyer's Agent
Candy Wong
SKOGMAN REALTY
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.35%
Original Mortgage
$328,000
Interest Rate
4.12%
Purchase Details
Closed on
Feb 24, 2008
Sold by
Water Tower Place Owners Assn Inc
Bought by
Mcleod Scott E and Jones Mcleod Michele
Purchase Details
Closed on
Apr 25, 2007
Sold by
Water Tower Place Llc
Bought by
Mcleod Scott E and Jones Mcleod Michele
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Cedar Rapids, IA
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 | $500,000 | River Ridge Escrow | |
| Deed | $445,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $410,000 | None Available | |
| Corporate Deed | $500 | None Available | |
| Warranty Deed | $309,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | New Conventional | |
| Previous Owner | $328,000 | No Value Available | |
| Previous Owner | $86,000 | New Conventional | |
| Previous Owner | $86,323 | Credit Line Revolving | |
| Previous Owner | $250,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2024 07/15/24 | Sold | $500,000 | -3.7% | $244 / Sq Ft |
| 07/15/2024 07/15/24 | Pending | -- | -- | -- |
| 07/15/2024 07/15/24 | For Sale | $519,000 | +16.6% | $253 / Sq Ft |
| 04/09/2021 04/09/21 | Sold | $445,000 | -5.1% | $231 / Sq Ft |
| 01/20/2021 01/20/21 | Pending | -- | -- | -- |
| 11/02/2020 11/02/20 | For Sale | $469,000 | +14.4% | $243 / Sq Ft |
| 01/13/2017 01/13/17 | Sold | $410,000 | -3.5% | $213 / Sq Ft |
| 10/27/2016 10/27/16 | Pending | -- | -- | -- |
| 10/06/2016 10/06/16 | For Sale | $425,000 | +9.0% | $220 / Sq Ft |
| 11/02/2015 11/02/15 | Sold | $390,000 | -7.1% | $198 / Sq Ft |
| 09/24/2015 09/24/15 | Pending | -- | -- | -- |
| 07/29/2015 07/29/15 | For Sale | $419,900 | -- | $214 / 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 | $8,600 | $444,900 | $35,500 | $409,400 |
| 2022 | $8,444 | $416,600 | $38,000 | $378,600 |
| 2021 | $8,810 | $416,600 | $38,000 | $378,600 |
| 2020 | $8,810 | $407,900 | $38,000 | $369,900 |
| 2019 | $8,254 | $391,500 | $38,000 | $353,500 |
| 2018 | $1,072 | $391,500 | $38,000 | $353,500 |
| 2017 | $1,072 | $52,000 | $14,500 | $37,500 |
| 2016 | $987 | $49,800 | $14,500 | $35,300 |
| 2015 | $802 | $67,414 | $14,524 | $52,890 |
| 2014 | $1,178 | $38,131 | $14,524 | $23,607 |
| 2013 | $794 | $38,131 | $14,524 | $23,607 |
Source: Public Records
Agents Affiliated with this Home
-
C
Buyer's Agent in 2024
Candy Wong
SKOGMAN REALTY
(319) 560-3259
18 in this area
47 Total Sales
-
T
Seller's Agent in 2021
Tim Nye
GRAF HOME SELLING TEAM & ASSOCIATES
1 in this area
59 Total Sales
-
M
Buyer's Agent in 2021
Melissa Langhurst
Realty87
1 in this area
104 Total Sales
-
Seller's Agent in 2017
Daniel Seda
Realty87
(319) 431-1010
267 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2007553
APN: 14281-86002-01051
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Information is deemed reliable but not guaranteed.
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