NOT LISTED FOR SALE

Estimated Value: $166,000 - $196,694

1 Bed
1 Bath
730 Sq Ft
$318/mo HOA Fee

Last Sold May 31, 2023

Last sale price $175,000 $240 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,518/month

177 Days on Market

Highlights

  • Gated Community
  • Vaulted Ceiling
  • 1 Car Attached Garage
  • Deck
  • Main Floor Primary Bedroom
  • Eat-In Kitchen

About This Home

As of May 2023

Located on the top floor of Water Place in the New Bo area, this is a unique condo. Every inch of this condo is well planned and living here is efficient as well as simple. This is a corner unit which is bright and well lit. The east side bedroom and bath are bright with glass block providing great privacy. Don't miss the hardwood floors and stainless steel appliances that make this buildout above average. Enjoy the beautiful city view from your own private balcony. An indoor heated garage space is included. Water Tower is a pet friendly building with onsite management and an excellent green roof for entertaining your guests. Condo fee includes cable and high speed internet package. Condo fee is $318.75 per month.This unit has the ability to be rented with association approval.

Last Agent to Sell the Property

Kenneth Nye

IOWA REALTY Listed on: 10/12/2022

Last Buyer's Agent

Steve Eden

IOWA REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,454

Year Built

  • 2007

HOA Fees

  • $318 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Metal Construction or Metal Frame

Interior Spaces

  • 730 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

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

Utilities

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

Additional Features

  • Handicap Accessible
  • Deck

Community Details

Overview

  • Handicap Modified Features In Community

Recreation

  • Snow Removal

Pet Policy

  • Limit on the number of pets

Security

  • Resident Manager or Management On Site
  • Gated Community

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,454

Year Built

2007

Lot Details

0

HOA Fees

$318 per month

Listing Details

  • Style: Loft/High-Rise, Over 2 Stories
  • Above Grade Finished Sq Ft: 730
  • Association Fee Frequency: Month
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • City Name: Cedar Rapids
  • Dining Features: Eat-In Kitchen
  • Gross Tax: 3454
  • List User Cell Phone: 319-310-0244
  • Miscellaneous: Cable Ready, Deck, Elevator, Handicapped Features, Intercom, Security System, Vaulted Ceiling
  • Net Tax: 3454
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.90909
  • Ratio Close Price By Original Li: 0.90909
  • Ratio Current Price By Sq Ft: 239.73
  • Total Sq Ft: 730
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2007

Interior Features

  • Appliances Included: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range, Refrigerator, Washer, Water Heater – Electric
  • Additional Room: 1st Floor Laundry
  • Full Bathrooms: 1
  • Bedrooms Level 1: 1
  • Master Bedroom Level: Level 1
  • Room Count: 3

Exterior Features

  • Construction Methods: Metal Frame
  • Exterior: Brick

Garage/Parking

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

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, Onsite Maint Person, Secured Entrance
  • Association Fee: 318
  • Association: Yes

Schools

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

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: # Of Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Jan 14, 2021
Sold by
Gempero Jherlou B and Gempero Mary Grace
Bought by
Slater John and Slater Shanel
Seller's Agent
Candy Wong
SKOGMAN REALTY
Buyer's Agent
Kenneth Nye
IOWA REALTY
List Price
$170,000
Sold Price
$168,000
Premium/Discount to List
-$2,000
-1.18%
Current Estimated Value
$183,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,424
Avg. Annual Appreciation
1.86%
Original Mortgage
$134,400
Outstanding Balance
$109,123
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$74,301

Purchase Details

Closed on
Dec 22, 2016
Sold by
Horan Kathleen A
Bought by
Gempero Jherlou B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
3.24%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 17, 2011
Sold by
Parkhurst John R
Bought by
Brokl Thomas R and Brokl Sandra L

Purchase Details

Closed on
Jun 14, 2007
Sold by
Water Tower Place Llc
Bought by
Parkhurst John R and Broki Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Slater John $168,000 None Available
Gempero Jherlou B -- None Available
Brokl Thomas R $15,500 None Available
Parkhurst John R $172,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slater John $134,400
Previous Owner Gempero Jherlou B $131,200
Previous Owner Parkhurst John R $138,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2023 05/31/23 Sold $175,000 -9.1% $240 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $192,500 +10.0% $264 / Sq Ft
02/12/2023 02/12/23 Off Market $175,000 -- --
10/12/2022 10/12/22 For Sale $192,500 +14.6% $264 / Sq Ft
01/15/2021 01/15/21 Sold $168,000 -1.2% $230 / Sq Ft View Prior Sale
12/08/2020 12/08/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $170,000 -- $233 / 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 $2,766 $183,400 $45,000 $138,400
2024 $3,516 $173,700 $39,500 $134,200
2023 $3,516 $156,300 $35,500 $120,800
2022 $3,454 $166,700 $38,000 $128,700
2021 $3,770 $166,700 $38,000 $128,700
2020 $3,770 $170,900 $38,000 $132,900
2019 $3,556 $165,000 $38,000 $127,000
2018 $600 $165,000 $38,000 $127,000
2017 $600 $29,000 $15,000 $14,000
2016 $318 $15,000 $15,000 $0
2015 $1,070 $50,295 $15,000 $35,295
2014 $1,070 $37,331 $15,000 $22,331
2013 $778 $37,331 $15,000 $22,331
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2209150

Cedar Rapids Area Association of REALTORS®

APN: 14281-86002-01043