NOT LISTED FOR SALE

Estimated Value: $429,000 - $487,000

3 Beds
3 Baths
1,877 Sq Ft
$546/mo HOA Fee

Last Sold April 01, 2016

Last sale price $360,000 $192 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,619/month

168 Days on Market

Highlights

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

About This Home

As of April 2016

This beautiful, spacious, light filled condo on the top floor of Water Tower Place offers floor to ceiling windows to enjoy expansive views of Newbo. #603 was the original model condo and features custom paint and upgrades galore. This condo has everything you could want for modern living and all the charm of a historic building including original brick, concrete pillars and soaring 14' ceilings. Residents enjoy a green roof and guest unit in this secure building with on site management. Water Tower is a pet friendly community but this condo has been pet-free, a dream for anyone with allergies. Two parking spaces in the heated garage, extra storage under the third lofted bedroom and special pricing for high speed internet and cable TV.

Last Agent to Sell the Property

Kathy Horan

Keller Williams Legacy Group Listed on: 08/31/2015

Last Buyer's Agent

Glenn Linville

Realty87

Realty87

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,152

Year Built

  • 2006

HOA Fees

  • $546 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 1,877 Sq Ft Home
  • Sound System
  • Vaulted Ceiling
  • Whole House Fan
  • Living Room
  • Formal Dining Room
  • Home Security System
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Parking

  • 2 Car Attached Garage
  • Tuck Under Parking

Utilities

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

Additional Features

  • Handicap Accessible
  • Deck
  • Waterfront

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

$2,152

Year Built

2006

Lot Details

0

HOA Fees

$546 per month

Listing Details

  • Style: Contemporary, Loft/High-Rise
  • Above Grade Finished Sq Ft: 1877
  • Association Fee Frequency: Month
  • Association Management: By Association
  • Bathroom Off Master Bedroom: Yes
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • City Name: Cedar Rapids
  • Condo Unit Level: Condo On 3rd Floor +
  • Dining Features: Breakfast Bar, Formal Dining
  • Gross Tax: 2152
  • List User Cell Phone: 319-360-2143
  • Miscellaneous: Cable Ready, Deck, Elevator, Handicapped Features, Jetted Tub, Security System, Sound System, Vaulted Ceiling, Whole House Fan
  • Net Tax: 1996
  • Property Sub Types: Condo/Zero Lot/Co-Op
  • Property Type: Residential
  • Ratio Close Price By List Price: 0.91139
  • Ratio Close Price By Original Li: 0.84706
  • Ratio Current Price By Sq Ft: 191.80
  • Total Sq Ft: 1877
  • Tax Roll Number: 142818600201044
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Water Heater – Electric
  • Additional Room: 1st Floor Laundry, Living Room
  • Full Bathrooms: 3
  • Bedrooms Level 1: 3
  • Level 1 Full Bathrooms: 3
  • Master Bedroom Level: Level 1
  • Site Description: Water Front

Exterior Features

  • Construction Methods: Masonry
  • Exterior: Brick

Garage/Parking

  • Garage/Parking: 2 Cars, Attached, Drive Under
  • Garage Size: 2 Car

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: 546
  • Association: Yes

Lot Info

  • Lot Size: Common

Rental Info

  • Pets: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2015
Closed on
Mar 30, 2016
Sold by
Lyons Dianne M
Bought by
Osako Frank E and Osako Maureen R
Seller's Agent
Kathy Horan
Keller Williams Legacy Group
Buyer's Agent
Glenn Linville
Realty87
List Price
$425,000
Sold Price
$360,000
Premium/Discount to List
-$65,000
-15.29%
Current Estimated Value
$466,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,502
Avg. Annual Appreciation
2.71%

Purchase Details

Closed on
Jun 20, 2013
Sold by
Lyons Timmy L
Bought by
Lyons Dianne M

Purchase Details

Closed on
Nov 17, 2006
Sold by
Water Tower Place Llc
Bought by
Lyons Timmy L and Lyons Dianne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,750
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Osako Frank E -- None Available
Lyons Dianne M -- None Available
Lyons Timmy L $477,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lyons Timmy L $429,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2016 04/01/16 Sold $360,000 -15.3% $192 / Sq Ft
02/15/2016 02/15/16 Pending -- -- --
08/31/2015 08/31/15 For Sale $425,000 -- $226 / 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 $7,432 $467,000 $45,000 $422,000
2024 $8,468 $486,100 $39,500 $446,600
2023 $8,468 $437,500 $35,500 $402,000
2022 $8,316 $410,400 $38,000 $372,400
2021 $8,676 $410,400 $38,000 $372,400
2020 $8,676 $401,800 $38,000 $363,800
2019 $8,130 $385,700 $38,000 $347,700
2018 $7,606 $385,700 $38,000 $347,700
2017 $196 $17,500 $15,000 $2,500
2016 $1,185 $55,800 $15,000 $40,800
2015 $1,000 $101,130 $15,000 $86,130
2014 $1,966 $68,400 $15,000 $53,400
2013 -- $68,400 $15,000 $53,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1506716

Cedar Rapids Area Association of REALTORS®

APN: 14281-86002-01044