$410,000
SOLD JAN 13, 2017
2 Beds
2.5 Baths
1,929 Sq Ft
$613/mo HOA Fee

Recently Sold

$213 Per Sq Ft

4% Below List Price

21 Days on Market

Highlights

  • Gated Community
  • Contemporary Architecture
  • 2 Car Attached Garage
  • Deck
  • Formal Dining Room
  • Intercom

About This Home

As of July 2024

Enjoy the 1 block walk to NewBo from this upscale 5th floor Water Tower condo w/panoramic views of the Downtown skyline. Just a short walk to all of the attractions NewBo & Downtown has to offer. Large open floor plan w/beautiful Granite kitchen, high-end appliances & unique breakfast bar. Elevated office/family room area w/hardwood floors, glass blocked windows for some natural light & its own 1/2 bath. Master bedroom w/views of skyline & exquisite master bath w/his & hers sink, teak & tile shower w/rain head & walk in master closet w/built-ins. 2nd bedroom suite features a private bath w/soaking tub. 2 balconies; 1 features privacy blinds & gas grilling area. Bonus room can be used as office/man cave. 2 secured underground garage spots. Beautiful décor throughout. This is a must see priced below new construction on the market today. Situated in the best location w/roof top sitting & fire pit w/additional grilling areas.

Last Agent to Sell the Property

Daniel Seda

Realty87 Listed on: 10/06/2016

Realty87

Last Buyer's Agent

Candy Wong

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,105

Year Built

  • 2007

HOA Fees

  • $613 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 1,929 Sq Ft Home
  • Sound System
  • Free Standing Fireplace
  • Gas Fireplace
  • Living Room
  • Formal Dining Room
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Home Security

  • Home Security System
  • Intercom

Parking

  • 2 Car Attached Garage
  • Tuck Under Parking
  • Heated Garage
  • Garage Door Opener

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric 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

$1,105

Year Built

2007

Lot Details

0

HOA Fees

$613 per month

Listing Details

  • Style: Contemporary, Loft/High-Rise, Ranch
  • Above Grade Finished Sq Ft: 1929
  • Association Fee Frequency: Month
  • Association Management: By Association, 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: 1105
  • List User Cell Phone: 319-431-1010
  • Miscellaneous: Cable Ready, Deck, Elevator, Handicapped Features, Intercom, Security System, Sound System
  • Net Tax: 802
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.96471
  • Ratio Close Price By Original Li: 0.96471
  • Ratio Current Price By Sq Ft: 212.55
  • 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, Garage Door Opener, Hood Fan, Microwave, Range, Water Heater – Electric
  • Additional Room: 1st Floor Laundry, Living Room
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms Level 1: 2
  • Fireplace Features: Free Standing, Gas
  • Level 1 Full Bathrooms: 2
  • Level 1 Half Bathrooms: 1
  • Master Bedroom Level: Level 1
  • Room Count: 5

Exterior Features

  • Construction Methods: Masonry
  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 2 Cars, Attached, Drive Under, Heated Garage

Utilities

  • Heating Cooling: Central Air, Zoned Heating/Cooling

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: 613
  • 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
$505,540

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $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

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1611772

Cedar Rapids Area Association of REALTORS®

APN: 14281-86002-01051